Bloomberg L.P. Reviews in New York City, NY | Glassdoor

Bloomberg L.P. New York City Reviews

Updated June 16, 2017
1,029 reviews

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New York City, NY Area

3.4
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1,029 Employee Reviews

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Pros
Cons
  • Bloomberg's work-life balance isn't for all (in 80 reviews)

  • Long hours, poor work-life balance (in 134 reviews)

More Pros and Cons

  1. Helpful (1)

    "Great company to start your career."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Software Engineer in New York, NY
    Current Employee - Senior Software Engineer in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Bloomberg L.P. (More than 5 years)

    Pros

    Smart people, great work life balance, great salary and awesome perks.

    Cons

    Legacy technology and lot's of processes.


  2. "Review"

    Star Star Star Star Star
    Former Employee - Senior Software Developer in New York, NY
    Former Employee - Senior Software Developer in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Bloomberg L.P. full-time (More than 5 years)

    Pros

    Pay is pretty good, coworkers are pretty good.

    Cons

    Some old technology and archaic build/deployment infrastructure, depending on group.

  3. Helpful (1)

    "Not the worst place ever, but pretty close"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Talent Experience Specialist/Recruiting Coordinator in New York, NY
    Former Contractor - Talent Experience Specialist/Recruiting Coordinator in New York, NY
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I worked at Bloomberg L.P. as a contractor (More than a year)

    Pros

    Interesting company events, free snacks (although budget cuts are obvious and prevalent).

    Cons

    I worked in Human Resources at Bloomberg for 2+ years. The management is despicable. It's the type of place that promotes people who are there the longest, and unless you're the best at sucking up- you won't go far.

    Employees are always trying to get a piece of others' work in order to share some of the spotlight. My manager continued to tell me I was the best hire he had ever made and that I was doing a great job. However, there would be nothing next for me. Bonus? No. More responsibility? No. Next career step? Never. Ultimately, a new manager was moved from one team to mine after a senior manager left, and things only got worse.

    After being very successful in everything I did (hiring, relocation, immigration, program management, etc...), this new manager told me I could never again do some of the tasks I was doing before her joining my team because "It wasn't my job". By the same manager, I was scolded because she did not like a sweater that I wore one day (a normal, tan sweater). She told me that "I needed to look in the mirror every morning and ask myself if she would wear it, and if it wasn't a loud yes, I should change."

    Bloomberg prides themselves on transparency- literally gloats that there is so much glass in the office to represent the transparency of the office. What a joke. Everything that takes place is "sensitive" or "confidential." Over the past year there has been an exodus of employees from this company because plain and simple, it is a miserable place to be.

    Advice to Management

    Actually uphold your "meritocracy" preaching, instead of promoting the "yes" people who tell you how great you are.

    Also, lying to employees to get them to do what you want is never an acceptable thing to do.


  4. Helpful (2)

    "Analytics"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Product Sales and Analytics in New York, NY
    Current Employee - Financial Product Sales and Analytics in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at Bloomberg L.P. full-time

    Pros

    Great Job Benefits and perks. Beautiful Office.

    Cons

    Luck of the draw - Can be the most stressful job you will ever have. Hated every minute of the Analytics department.


  5. "Good Employer"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Sales Representative in New York, NY
    Current Employee - Sales Representative in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bloomberg L.P. full-time (More than 5 years)

    Pros

    Company has great benefits and numerous perks (museum access, memberships etc). Pay is competitive and growth depends on success level and tenure.

    Cons

    Commmission is not a part of the compensation structure. Career advancement can depend on timing. Goals and Metrics are sometimes vague and challenging.

    Advice to Management

    Goals and metrics can be more clearly defined. Incentive structure can be better aligned to accommodate collaboration. Management can play a larger role in advancing your career


  6. Helpful (3)

    "Awesome company"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Software Engineer in New York, NY
    Former Employee - Financial Software Engineer in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Bloomberg L.P. full-time (More than 8 years)

    Pros

    Bloomberg is an exciting place to work. The company culture is great. The pay is great. The benefits are great. The office is amazing. The technology is being rapidly updated. Some of the smartest people I know still work there. There is lots of talent in this company! Plenty of training opportunities. Generous vacation. Generous maternity leave. Diversity.

    Cons

    Once you quit, you cannot go back. You may get used to a lot of things that are Bloomberg specific and are not used elsewhere. Flexible work and remote work is hard to arrange. Limited number of offices (if you are in tech you have a choice only between NYC and London)

    Advice to Management

    Mike Bloomberg is awesome! In terms of advice: make remote work and flexible work easier to arrange.


  7. Helpful (2)

    "Great Company, Great Opportunities"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Product Manager in New York, NY
    Current Employee - Product Manager in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bloomberg L.P. full-time (More than 3 years)

    Pros

    There are too many pros at Bloomberg to name (depending on if you like the same things that I do
    - Open office plan: get to converse easily with managers, jump on board interesting projects, and provide insight when you overhear conversations where people are confused
    - Global workforce and global opportunities: Large projects can have you working with people on all 6 inhabited continents, flying there to do business, or transferring to a different country on an exchange program
    - Technology, Money, and News: Bloomberg is racing other companies to define the future of finance, and the media industry. These are daunting tasks but can be exciting, especially given the companies heft and ability to make waves
    - Great benefits: Medical, Vacation, etc
    - Summer Party: Need to experience it to understand

    Cons

    Bloomberg's work-life balance isn't for all. The lengthy vacation package comes, for many, with hours on end in the office, and a virtual 24 hour "on call" expectation, depending on your role and department.

    Advice to Management

    The Terminal is great but is likely going to cripple the company in the future. Figure out more ways to diversify the business or expand the terminal business into sectors that do not currently use it/ know that they need it. The ubiquity of free financial information, combined with cheaper tools like Slack for communication are a real threat to the company.

  8. Helpful (2)

    "Parallel Universe"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales Manager in New York, NY
    Former Employee - Sales Manager in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Bloomberg L.P. full-time (More than 8 years)

    Pros

    Excellent medical, good 401k, free snacks

    Cons

    Annual salary inrease is predetermined by time served and it makes absolutely no difference if you are a slacker who contributed nothing or a star performer

    Advice to Management

    When you have a staff turnover approaching 50% annually because the ambitious top producers are compensated exactly the same as those who do nothing and contribute nothing, when managers are appointed purely on time served and not on their skills set, when you claim to have a flat collegial organization but in reality as based on the whims, likes and dislikes of management down to the team leader level, when your technology used to be world class and is now a has been and obsolete, you should realise you have a problem


  9. Helpful (2)

    "Terrible HR"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Broadcast Operator in New York, NY
    Current Employee - Broadcast Operator in New York, NY
    Doesn't Recommend
    Approves of CEO

    I have been working at Bloomberg L.P. full-time (More than 3 years)

    Pros

    Great benefits, health insurance, employee perks.

    Cons

    Management are inexperienced and unorganized.

    Advice to Management

    Do better


  10. Helpful (1)

    "Depends on what dept your work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales Manager in New York, NY
    Former Employee - Sales Manager in New York, NY
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at Bloomberg L.P. (More than 3 years)

    Pros

    smart people, good product, lot's of customers

    Cons

    pressure cooker atmosphere and managers will berate you

    Advice to Management

    sell the company


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