Bloomberg L.P. Reviews | Glassdoor

Bloomberg L.P. Reviews

Updated August 19, 2018
2,811 reviews

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3.7
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2,811 Employee Reviews

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Pros
Cons
  • "poor pension, work life balance can be tough" (in 95 reviews)

  • "Long hours and little flexibility" (in 164 reviews)

More Pros and Cons

  1. Featured Review

    "Greatest company I've ever worked for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Development Engineer
    Current Employee - Software Development Engineer
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    -donates over 90% of profits to charity => creates a friendly, altruistic culture
    -strong initiatives in the diversity and inclusion space; safe space for marginalized groups
    -great leadership; I've been well groomed in my role for success

    Cons

    sometimes things get siloed in such a large organization

    Advice to Management

    Keep doing what you're doing


  2. "Sales and Analytics"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

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

    Pros

    All things good. Good salary, good people

    Cons

    No Cons, everything in the company is good.

  3. "A great experience, if you get the right team"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Engineering
    Current Employee - Software Engineering
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    If you get the right team, you'll be working with modern tools and encouraged to contribute to inner source. Supportive environment. A lot of access to continuing education, volunteering, and benefits. Clear boundaries and responsibilities, energetic environment. Very technically capable employees (collaborative growth). Good pay. Internal mobility is now encouraged.

    Cons

    If you get a bad team, or a bad legacy project, it can be a horrible experience. I've seen several talented engineers get frustrated at the lack of impetus to improve existing systems. Business often bleeds its responsibilities into engineering, leading to rushed projects or bad decisions because non-engineers are driving the conversation. A lot of internal forks of third party projects or dated Bloomberg implementations of existing tech (related to the above, fortunately changing). Normal trappings of internal politics expected of large organizations.

    Advice to Management

    Not much, a lot of these cons are slowly being addressed. Engineering heads are pushing for better practices. If anything, pinpoint bad engineering managers and reshuffle them. Emphasize that engineering is ultimately in charge of leading project implementation decisions, and they're encouraged to push back on business when demands are unreasonable.


  4. "Great company with insanely smart people"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Current in New York, NY
    Current Employee - Current 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, above average pay depending on department, cares about making sure employees have room for growth and are happy.

    Cons

    Way too many people in one office, lack of couches or other common areas where people can take their laptops and work, no showers or gym. (Not the case in all offices, so know that I'm referring to the headquarters).

    Advice to Management

    Definitely keep taking time to make sure employees are happy, but also take time to figure out the whole office situation.


  5. "Great Firm"

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

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

    Pros

    Philanthropic arm gives away a majority of profits

    Cons

    Things can get siloed in a large organization.

    Advice to Management

    Keep up the good work


  6. Helpful (6)

    "Solid experience, Honest review"

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

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

    Pros

    There is a lot to love about working for Bloomberg LP.

    Let's start with the work environment. The offices are some of the nicest, tech friendly offices in the New York City. The 731 Lexington Ave location is always buzzing with energy. Most people are very friendly and approachable, and the company encourages collaboration accross departments.

    Next, the benefits and perks of working there are amazing. Free health insurance (given passing a biometric screening), great time off & sick pay, free snacks & coffee 24/7 and lots of other great perks.

    Learning opportunities are abundant at Bloomberg. They provide loads of in-house training, as well as tuition reimbursement for graduate school as well as financial designations.

    Lastly, the environment is anything but hostile. I've made hundreds of friends in my time working there, and I truly believe the people are what makes the company great.

    Cons

    That being said, there are areas where Bloombrg could improve as a company.

    Career advancement is a HUGE issue at Bloomberg. The flat hierarchical structure lends itself to many employees leaving the firm to advance their career, or taking on laterall moves that ultimately do not fulfill their desires for advancement.

    Amazing benefits do come at one clear cost - below average compensation packages. They tend to start out new hires at superior salaries, but over time the growth just is not there and after a few years you will lag behind the industry.

    Lots of politics and engineering has WAY too much control. Product managers should be driving engineering, not the other way around. At times there are too many cooks in the kitchen, causing delays in projects and stifling innovation.

    Advice to Management

    Change the "No-Titles" policy and create a clear-cut career advancement platform. This will encourage younger employees to stay and limit turnover.

    Pay people what they deserve, not the bare minimum that they will accept. Money talks, and actions speak louder than words.

    Also, stop stretching engineering resources across different products and dedicate resources in a more efficient manner.


  7. "Event Assistant"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    surrounded by intelligent people, environment pushes you to overachieve, and snack room

    Cons

    positions usually entail long hours

  8. "Team Leader"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Truly collaborate company with open access to anyone

    Cons

    Size of firm sometimes weighs down agility

    Advice to Management

    Less micromanagement of inputs of specific numbers of interactions with clients and focus more on quantity over quality.


  9. Helpful (2)

    "Software Developer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Approves of CEO

    I worked at Bloomberg L.P. full-time

    Pros

    I like the philantropies it does. The company provides a lot of voluntary works and they match your voluntary work to make a donation to an organization that you choose. There're many domains and teams to choose if you're doing engineering work and the culture varies for different teams.

    Cons

    Although it promoted itself as a tech company and it can be. But I still feel out-dated a bit. Still finacial based and has its own characteristic compared to other tech companies.


  10. "Great company, but the media group could be better"

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

    Lots of responsibility. Company has great values.

    Cons

    Mismanaged media group. Not nearly enough staffing.


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