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

Bloomberg L.P. New York Reviews

Updated October 18, 2017
939 reviews

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New York, NY

3.6
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Pros
  • Got in as a data analyst straight out of college; lots of peers with the same experiences, good work-life balance (in 178 reviews)

  • Open work environment, free food, nice colleagues (in 314 reviews)

Cons
More Pros and Cons

  1. "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.


  2. "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.

  3. Helpful (1)

    "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.


  4. "Excellent Place to Work At!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Comp & Benefits
    Current Intern - Intern in New York, NY
    Current Intern - Intern in New York, NY
    Recommends

    I have been working at Bloomberg L.P. as an intern (More than a year)

    Pros

    Very friendly people, eager to help you

    Cons

    There are not many cons


  5. "Great Company!"

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

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

    Pros

    Amazing work place with amazing people. Pay was really great too.

    Cons

    I like the San Francisco office a little better in terms of location.


  6. "Developer"

    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 (More than a year)

    Pros

    A lot of classes, guest speakers for people to do continuous learning. Many in house c++ expert for discussion and question.

    Cons

    Big organization type of inefficient. A lot of meetings. A lot of planning.

    Advice to Management

    Reduce development overhead, reduce meetings, make internal job transfer easier.


  7. Helpful (1)

    "Solid people, fast paced environment"

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

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

    Pros

    -Great compensation and perks
    -Opportunity to build a network of top tier people/friends
    -Real Meritocracy - you'll get comp'd well if you deliver top results

    Cons

    -Be prepared to work hard
    -Need to be very self-motivated to ramp up and have an impact quickly - expectations are high
    -Competitive culture (it's NYC)
    -Scare career growth opportunities

  8. "Internal Politics makes it a toxic environment"

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

    I have been working at Bloomberg L.P. full-time (More than 10 years)

    Pros

    Junior level staff are usually friendly

    Cons

    Internal Politics makes it a toxic environment


  9. "UX"

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

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

    Pros

    Great health benefit in NY and NJ office. NJ office privides meals in the cafeteria. Starting vacation days is 20 days for first 10 years.

    Cons

    Long meeting. Some departments have longer hours than others. Definition of Flexible days is not as flexible as you see in other companies.


  10. Helpful (2)

    "Intense with lots of room to learn, no work-life balance"

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

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

    Pros

    They pay a competitive salary and offer great benefits. There is room to learn new technologies & techniques every day. You can enjoy lots of free snacks and drinks.

    Cons

    There is incessant and never-ending work, with a demand for perfection and timeliness. There is no regard for an employee’s personal time or life, and you are expected to be always on and available to work late on evenings and weekends as a matter of regular course. Managers are trained to provide weekly “feedback” which is brutal, petty, and rehash of any unsubstantiated gossip they may hear about you (so you have the opportunity to disprove it). They pay lip service to agile development - managers never say no to work and developers have to agree to any amount of work thrown at them. Everything is measured, all communications are monitored and video cameras exist everywhere, even in conference rooms. There are no private spaces.

    Advice to Management

    Respect employees’ rights to a decent work-life balance. Train managers in providing better support, and reform the caustic culture of brutal and regular “feedback”. Provide employees with private spaces to relax and take breaks from work. Ensure that agile development tenets are truly embraced and that managers are empowered to say no to unreasonable demands. Develop a culture where employees’ personal lives, needs & feelings are valued and encourage managers to set healthy limits on how much they work, and what they ask of the people who work for them.


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