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

Bloomberg L.P. New York Reviews

Updated March 24, 2017
848 reviews

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New York, NY

3.6
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Bloomberg L.P. Founder Michael R. Bloomberg
Michael R. Bloomberg
192 Ratings

848 Employee Reviews

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  1. "Quick overview"

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

    Challenging technical builds, interesting product, positive corp culture

    Cons

    Dev environment is weak, resistant to new tech in key products

    Advice to Management

    Stronger technical leadership


  2. Helpful (3)

    "Project Manager"

    Star Star Star Star Star
    • 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
    Recommends
    Approves of CEO

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

    Pros

    Bloomberg is a terrific company. It offers a great benefits package and competitive salaries. People are very friendly and approachable. The organization is high-energy, fast-paced and changes quickly. Employees are able to work on a variety of projects and can also move internally with ease.

    Cons

    In some parts of the organization, especially on the Financial Products sales side, there is still too much clock-watching on the part of managers and less leading by accomplishments and overall productivity. However, in Engineering, they have really tried to minimize the "badge-in/badge-out" culture and are much more flexible about arrival times, departure times and working from home.


  3. "Good starter company"

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

    Benefits, culture, learn the market

    Cons

    Metrics are numbers based, lots of travel


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  5. Helpful (2)

    "Abusive newsroom culture and sexism continues"

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

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

    Pros

    Salaries are higher than Reuters, etc. Excellent healthcare. Reporters allowed to stay in luxury hotels.

    Cons

    Management won't discipline abusive team leaders. Still sweeps sexual harassment under the rug. Female employees often pushed out after maternity leave. HR doesn't respect employee confidentiality (passes complaints to team leaders). Winkler-era culture of backstabbing and promoting sociopathic editors remains firmly in place.

    Advice to Management

    Company won't engage outside mediation. Little interest in reform.


  6. Helpful (2)

    "Analytics"

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

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

    Pros

    Defined Working hours - your shifts are defined, typically leave at 5pm or end of shift unless you're stuck in a chat.
    Great benefits
    Comprehensive Training - Bloomberg offers training to do every aspect of the job, regardless if you have a finance background.

    Cons

    Overloaded - each employee is expected to assist 3-5 clients at the same time. Each client different questions , anger level and skill sets. Once you gain more knowledge the chat difficultly increases. Department has a "if you're not overwhelmed you're not working" philosophy

    Over quantification: the department has pushed for a quantifiable metric in every possible area, discounting any intangible skills you add. Each employee is viewed as comparable across so many different roles within the dept, when in some cases the comparison is not valid. During review time management can cherry pick uncharming stats, that often do not explain the full credit of your work, to justify mediocre raises.

    Micromanagement - middle managers overly scrutinize work, to show their effectiveness as "leaders". Every aspect of your day is assigned, down to the min, by your team leader, the ability to work on your own scheduled prohibited, feeling as if you're being baby sat.

    Advice to Management

    Each new manager tries to "revolutionize" customer service, by metricizing every aspect of the job. This results in conflicting workflow and confusion for the employee and ultimately frustrates clients. Stop creating a new "flavor of the month" and focus on quality customer support.

    The department as a whole stopped investing in employees career goals and seems to burn and turn: grind reps and increasing workload until they are maxed or quit.

    Bloomberg is an amazing company to work for, the analytics department however leaves a lot to be desired. The firm has tons of talented employees however analytics department fails to maximize, and in so cases even acknowledge, potential in their employees. Using a cookie cutter model for all employees results in more of the same.


  7. Helpful (2)

    "Great Company with great benefits, but not for everyone"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - There Are No "official" Titles in New York, NY
    Former Employee - There Are No "official" Titles in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Exciting work assignments with some great people. Fast pace keeps you busy. Opportunity to learn and build skills. Philanthropic organization that gives back to the community, supports environmental and civil rights issues. Cool events and free snacks.

    Cons

    Depends on your manager, but some in management mirco manage and aren't effective leaders. Big brother - they track you in/out of building. Work/Life balance can be challenging at times, but mostly decent. Political with a lot of red tape. Hard to accomplish goals with so many people in charge. Way too top heavy; need more worker bees.

    Advice to Management

    Look at layers of management at the top - too many chiefs and not enough Indians. Spend money on workers who produce instead of so many people with ideas and agendas to manage.


  8. Helpful (2)

    "Brutal culture, mercurial leadership, challenging work"

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

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

    Pros

    High standards, ambitious goals, plenty of resources and a sense of momentum (which is very rare in journalism). Some extremely talented writers and editors, who occasionally are unleashed to do their best work. Pay is good for journalism.

    Cons

    Crippling bureaucracy, management by fear and intimidation, a cover-your-ass mentality (which leads to busy work assigned "just in case"), mercurial leaders who won't accept questions or dissent and shifting goal posts for what constitutes success.

    Advice to Management

    Eliminate stack-ranking performance reviews, value your people and trust their judgment, encourage creativity and free expression.


  9. Helpful (1)

    "Engineering professional"

    Star Star Star Star Star
    • 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 10 years)

    Pros

    Fast paced environment where hard work is expected, but also rewarded. Company that encourages entrepreneurial spirit and out of the box thinking. Tremendous benefits. Does right by its employees as long as you're in managements good graces.

    Cons

    Some departments expects folks to work tremendous hours and be tethered to their phones. HR is a Management tool and not independent.

    Advice to Management

    Yearly and bi-yearly evals are very stressful. The only opinion that usually counts is your supervisors.


  10. "Great place to work"

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

    Great Place to work, very meritocratic, free food, exceptional benefits

    Cons

    I do not see any disadvantages worth mentioning.


  11. Helpful (1)

    "Am I Next?"

    Star Star Star Star Star
    Current Employee - Journalist in New York, NY
    Current Employee - Journalist in New York, NY
    Doesn't Recommend
    No opinion of CEO

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

    Pros

    Does it really even matter?

    Cons

    Annual layoffs have created a toxic culture of fear and mistrust. This company has no respect for its employees. You're just a meatsicle.



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