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

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Bloomberg L.P. New York City Reviews

Updated January 17, 2018
1,099 reviews

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New York City, NY Area

1,099 Employee Reviews

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  1. "Software Engineering Internship"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Software Engineer(Internship) in New York, NY
    Former Intern - Software Engineer(Internship) in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Bloomberg L.P. as an intern

    Pros

    Decent middle-of-the-road SWE intern salary ($40-$50/hour) plus optional overtime. Great housing and transportation stipends (>$5k).

    Puzzle day is incredible. Numerous intern events (interns can go to the annual picnic as well.) Office is great, mentoring is great.

    Cons

    While there is a survey for project interests, much of it is still up to chance.

    Week long training is often irrelevant to your actual project.

    Advice to Management

    Actually follow intern preference survey and inform them of their project more than a week before starting date.


  2. Helpful (2)

    "Great pay but not so great tech :("

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Site Reliability Engineer in New York, NY
    Current Employee - Site Reliability Engineer in New York, NY
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    Mike is an amazing businessman and a true visionary. The company treats its employees well, the benefits are great, pay is great and co workers are friendly.
    Lot of opportunities for training as they bring experts in-house for seminars and lectures.
    Office free of politics.
    One of the most philanthropic companies.

    Cons

    Some managers in engineering are terrible.
    Proprietary frameworks, lot of legacy software.
    Front end tech is hard to work with.
    Backend framework is cumbersome :(
    Engineers are given lot of freedom but you won’t be speaking the same language as your friends and relatives in other tech companies!!!
    They try to be like a Google/Microsoft, they say their tech is like Google/Microsoft but they are not!!

    Advice to Management

    Read Glassdoor reviews!!

  3. Helpful (1)

    "Great company for young people"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Fast pace, challenging work environment with a purpose-led company. Great people who are really smart and are hard working.

    Cons

    Its a bit of an echo chamber with few people listened to. If you didn't grow your career at Bloomberg from the terminal side, your growth potential is severely limited. Non-terminal employees feel and experience the tension. This limits company's growth potential in an environment where the core business is contracting.

    Advice to Management

    Cross-train non-terminal employees into the terminal business, at all levels, to gain fresh perspective and ideas. Rotate some of the top terminal folks to other businesses to broaden their perspective.


  4. Helpful (10)

    "Good if you don’t have a family and aren’t a woman"

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

    I worked at Bloomberg L.P. full-time (More than a year)

    Pros

    Fast-paced work, nice offices with free food and interesting coworkers. You are never bored working at Bloomberg. Benefits are excellent, including maternity leave.

    Cons

    10-hour days. If you have a family, you won’t be seeing them much. Very macho culture. They operate so fast they don’t give much room to think strategically. So you feel like you’re on a treadmill. Particularly difficult place for women, who are far outnumbered by men. They give you a great maternity leave but your manager judges you for taking it. Depending on the department you won’t see any women in authority, which is extremely discouraging.

    Advice to Management

    Beat the toxic culture out of there. Include women at all levels. It’s not Wall Street, so stop the spread of that culture.


  5. Helpful (4)

    "TV producer"

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

    I worked at Bloomberg L.P. full-time

    Pros

    Outstanding benefits, including 100% employer-paid health care, a fantastic 401(k), and an amazing company culture. And Mr. Bloomberg, the former mayor of New York City, is an honorable, accessible man who leads by example.

    Cons

    Shamefully low pay raises for full-time employees. So if you're going to work for Bloomberg on the media side, negotiate the best starting salary you can. Because once you're in the door, significant raises are highly unlikely. Also, there's a top-heavy management structure. In short, a lot more chiefs than Indians. If you asked most of the rank-and-file to draw to draw an organizational depth chart, they'd have no idea where to begin.

    Advice to Management

    Jettison the annual "employee review." To most people in TV, it's a total farce. They all realize that being "good or bad" ultimately means little -- because everyone will still be working for the same raise no matter what.


  6. Helpful (5)

    "Product Manager"

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

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


  7. Helpful (1)

    "Great Company to work for"

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

    I have been working at Bloomberg L.P. full-time (More than 8 years)

    Pros

    Great company to work for, great benefits, pantry is awesome, office location is of easy acces and one of the most beautiful I’ve ever seen.

    Cons

    Compensation is below market average, some groups have issues with management, who are only focused on pinning people down for slip ups instead of providing support and proper training.

  8. Helpful (1)

    "Analytics and Financial Sales"

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

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

    Pros

    High-energy company with a clear identity and very smart employees.

    Cons

    Nothing. I get the impression that the resentment from certain former employees of the Financial Sales & Analytics group stems from a misunderstanding of their role/industry prior to joining.


  9. Helpful (1)

    "Vibrant Media and Finance Mix -- metrics driven, for better and worse"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Analyst in New York, NY
    Current Employee - Senior Analyst 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

    Vibrant company that mixes the buzz of media with the data driven side of finance. It's a private company so not the same pressure as a public company (although still very metrics driven). Free snacks.

    Cons

    Large, metrics driven company that can limit flexibility and creativity.


  10. Helpful (4)

    "I feel more and more irrelevant to the outside world"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Project Manager in New York, NY
    Current Employee - Project Manager in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Compensation is probably almost same as Investment Banking or Management Consulting for beginners.
    Michael Bloomberg is a huge inspiration.
    You get to volunteer a lot.

    Cons

    No career path.
    9-hr mandatory presence in the building is a huge hassle for parents with infants / toddlers.
    Can’t contribute much after a few years of tenure.
    No employee development plan
    Flex work policies are vague.
    Manager’s discretion on several decisions will impact performance and motivation.
    Not so friendly for those who want to pursue part-time / executive education.
    In most of the departments, there is no compassion/emotional intelligence.

    Advice to Management

    Make employees feel more connected to the mission and vision of the organization.


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