Bloomberg L.P. Reviews

Updated May 16, 2021

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4.1
85%
Recommend to a Friend
92%
Approve of CEO
Pros
  • "Free food and drink is nice with treats(in 393 reviews)

  • "Very diverse cultural, great benefits(in 294 reviews)

  • Cons
  • "long hours, not a lot of leadership opportunities(in 215 reviews)

  • "Company should try to establish better work life balance(in 124 reviews)

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    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

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    This rating reflects the overall rating of Bloomberg L.P. and is not affected by filters.

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    1. 5.0
      Current Employee

      Great Company

      May 13, 2021 - Business Analyst in New York, NY
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Cares about employees well being in a tough industry

      Cons

      I have no negative things to say

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    2. 5.0
      Current Employee, more than 5 years

      Opportunities, Flexibility, Challenges and Stability

      May 1, 2021 - Software Engineer Team Lead in New York, NY
      Recommend
      CEO Approval
      Business Outlook

      Pros

      You can find a ton of opportunities to make an impact to the organization. You have the flexibility an support from management on pursuing those opportunities. The company is a monster (in a good way) that gives you stability and certainly specially in times where the world it’s chaotic. Engineers report to engineers, no to business people. As engineer is great that all the reporting line has an engineer background. Therefore, you have the backup of engineering all the way to the top.

      Cons

      The work can feel monotonous some times. Collaboration across areas is challenging because roadmaps and roadmaps are not always aligned.

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    3. 4.0
      Current Employee, more than 1 year

      Good corporate culture, excellent pay

      Feb 25, 2021 - Software Engineer in New York, NY
      Recommend
      CEO Approval
      Business Outlook

      Pros

      The salary is generous to say the least. Bloomberg is privately held, so instead of stock options you get your total comp in cash. Big end of year bonuses and good raises. Their response to COVID was great, it included flexibility for parents to hire childcare and a $500 home office setup stipend. They don't have some of the perks of other tech companies like free meals (though this has been offered for people still working in-office during COVID), but there are plenty of perks like stipends for health and fitness, commuter benefits, fertility treatments (BB is a great place to start a family), and free access to the many museums and shows that are supported by Bloomberg philanthropies.

      Cons

      Engineering culture is improving but still needs work. lots of brittle tooling and toil, lots of tech debt. There is also no opportunity for salary negotiation: you get your raise and bonus at the end of the year, and at that point the decision has already been made. For me this has been a good thing, as they've consistently raised my comp more than I ever would have thought was reasonable to ask (looking at you, gender pay gap!). If you're worried about being shorted on comp, you can set up mid year evals to talk about your goals and make sure you're on track for the raises you want. Diversity in the engineering department has a lot of room to improve, but that's to be expected. That said, I have never experienced any type of toxic tech bro culture here; everyone is professional and courteous.

      2 people found this review helpful
    4. 4.0
      Former Employee, more than 3 years

      Good company BUT hard to grow career

      May 11, 2021 - Anonymous Employee in New York, NY
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great benefits and great people. Enjoyed the cafeteria and great snacks. Moves surprisingly fast for a big company.

      Cons

      Extremely hard to move up in my career. Compensation is said to match competitors BUT they don't realize that even small startups now pay more than Bloomberg. Even though I enjoyed my job I had to leave in order to get a decent raise and support family goals. Unless you come in at senior levels, very difficult to stay long term unless you don't care about your own growth.

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    5. 4.0
      Current Employee, more than 5 years

      Good overall but need remote option

      May 6, 2021 - Senior Software Engineer in New York, NY
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Overall enjoyed working here. Never felt stressed out, compared to some of the other companies that I worked before. This is not from a technological competence or challenging projects point of view but from more of a team culture point of view. I never had any technical competence issues any where that I worked. Ability to work in large scale software systems and good job stability

      Cons

      I have to spend four hours daily commuting to my job. Compared to many other technology companies Bloomberg does not allow employees to work from home post Covid. Employees on the average spend 2 to 4 hours commuting daily.

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    6. 2.0
      Former Employee, more than 10 years

      Global Data Needs a Re-Boot

      May 7, 2021 - Many in Princeton, NJ
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Decent salary, amazing benefits, free lunch

      Cons

      Limited advancement and growth opportunities, highly metrics driven, employees seem to be promoted based on who they are friends with, instead of what they can bring, environment felt discriminatory toward older employees.

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      1 person found this review helpful
    7. 3.0
      Former Employee, more than 3 years

      Good first job out of school, not much else

      Mar 5, 2021 - Analyst 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Decent starting pay for a first job Good benefits Free food Big name to put on your resume Learn some transferable skills

      Cons

      Insane amounts of red tape when trying to implement anything new. Bureaucracy is overwhelming. Takes an hour to update small code changes and then weeks to move it to production. Too many cooks in the kitchen when trying to build things, so very little actually ever gets done. Toxic culture and politics in certain departments (have worked in several teams, some are better than others). Most managers are just ladder climbers who have stayed at the firm for 4+ years. Most have drank the proverbial kool-aid and ignore all blatant problems that might make them look bad. Company pretends to have a google-esque tech culture, but aside from the food and benefits, is extremely static and hierarchical. Bloomberg hires many very smart people fresh from college, but there is still super high turnover rate. Analyst roles are just glorified customer service, and tech roles are just duck taping and dealing with technical debt. Most of the actual talent leaves after a year or two to better tech companies or financial firms.

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      8 people found this review helpful
    8. 3.0
      Former Employee, more than 5 years

      Good place to start or end your career, but with nothing in the middle

      Apr 20, 2021 - Global Data Analyst in New York, NY
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great vacation time, you get to meet some smart people and learn a lot, and its a very low stakes environment

      Cons

      0 vision, terrible leadership, career progression is not clear on purpose. It is impossible to understand the decision-making in this part of the company. There is no legitimate career progression. It becomes very clear within the first year that no matter how well you do they have no interest in trying to retain you. There would be weeks where more half a team would quit because the pay is so low and the upper management's decision-making is so uninspiring. While the somewhat of a flexible lifestyle is nice, you can find much better elsewhere getting Bloomberg on your resume. Learn what you need to and get out.

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      2 people found this review helpful
    9. 3.0
      Current Employee, more than 10 years

      Great Benefits, Still very rigid, Leadership Leaves a lot to be desired

      May 6, 2021 - Analyst in New York, NY
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Benefits are insane; probably the best I have seen. Paid time off, sick time, FMLA time, medical, dental vision, 401K matching, plus extra perks. Coworkers are generally great fun, especially if you are in one of the satellite offices where the environment is more laid back. If you are not super uptight, the banter on the floor can lighten up the worst days. Satellite offices tend to be pretty casual. Free meals help save on personal food budget (even when what's on the menu is bad, there's always enough raw material to make your own lunch); and catering, staff, cleaners and [most of] security are sweethearts and super helpful! On site PA for immediate/basic medical needs; so there is no need to run out to the doctor for something requiring simple intervention. Get your foot in the financial industry with a company with a great name and reputation. You meet a lot of great people in the industry. If you are lucky, you can turn a pet project into a job (but see warning about career development/movement in the "Cons" section). Compensation is generally pretty good but, as with most of corporate America, there is still a huge disparity between common workers and management. But, compared to most other companies, at least the pay and benefits are decent and quite livable.

      Cons

      Most team leaders are incompetent and cannot do the job themselves (in many cases, know nothing about the team or product they are managing). Very little diversity in management; few minorities at the departmental level. Diversity and Inclusion scheme is a "feel good" initiative with no real results or clout with HR. Employees have very little control over career development. You can apply for internal positions that interest you, but you can also be moved to another job at the discretion of your manager (without any input, warning or even direct notification). Also, constant reorganizations mean you could go through multiple team leaders in a year. Despite having proven, time and time again, that flexibility works and draws/retains employees, the company remains extremely inflexible. They frown upon WFH, flexible hours, etc. If you are in a customer service role, also expect to have your breaks and lunches timed, while folks in business roles roam the hallways freely. Also, employees are salaried, but it only works in favor of the company. You can work 60 hrs/week, but need a few hours off for a doctor's appointment the next week and you can fully expect to use some of that generous time off for it. (This also depends on your manager.) There is a lot of bureaucracy when it comes to getting even minor programming fixes in place. Programming is mostly controlled by the respective business units. The business folks are more interested in building new things instead of correcting the glaring issues that already exist; even when the fixes are relatively minor. HR is NOT even close to impartial and will not accept or review any complaints about management, even if in violation of EEOC.

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      2 people found this review helpful
    10. 5.0
      Current Employee

      Good culture and Pay

      May 10, 2021 - Software Engineer in New York, NY
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Good pay, hard technical problems

      Cons

      Old software stack, at times there is a lot of red tape

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