Bloomberg L.P. Reviews | Glassdoor

Bloomberg L.P. Reviews

Updated October 18, 2018
2,874 reviews

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3.7
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  1. Featured Review

    Helpful (2)

    "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. "Bloomberg"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

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

    Pros

    Smart people, interesting problems, dynamic environment

    Cons

    No cons at this time

  3. Helpful (5)

    "Amazing company curtailed by poor lower management (Global Data)"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Global Data Analyst in Princeton, NJ
    Current Employee - Global Data Analyst in Princeton, NJ
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    The company places significant value on those who bring significant value...if you are allowed to do so by your manager. Skills such as VBA, Python, and resiliency are treasured within Bloomberg's Global Data division. You are exposed to every level of investor from back office analyst to CEO. It looks great on a resume.

    Cons

    Global Data in particular needs to be completely gutted of the awful talent that is leading it on almost every level. The organization chart has become a mess, and people who should be leading departments are suppressed by awful managers who are in their positions because of how long they have been there and who they have befriended. This goes for many, many Team Leaders too. Your experience at Bloomberg will be significantly impacted based on who your initial Team Leader is.

    Advice to Management

    Perform a re-evaluation of Team Leaders and get rid of the incompetent ones. Dom has been in his role for too long and has completely lost sight of what analysts are dealing with on a day-to-day basis. And most importantly, stop firing people. It's like Tiananmen Square every other month.


  4. "Great learning environment."

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

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

    Pros

    Perfect for curious recent grad school graduates who are passionate about the energy disrutpion

    Cons

    Hard to progress after a certain point


  5. "Just joined"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    They pay well for a new hire.

    Cons

    will update more as time passes.


  6. "great company"

    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

    Pros

    snacks, good work life balance, great company location

    Cons

    no con except soup going out too fast.


  7. "great place to work"

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

    business is a unique combination of media, finance and technology. lots of opportunity for creativity.

    Cons

    can be slow to implement enhancements

  8. "Good Experience"

    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

    Pros

    Great exposure to professionals across the street, fast pace, exciting

    Cons

    Very political and little upward movement once you reach a certain level

    Advice to Management

    Create more management positions within sales


  9. "Data analyst"

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

    I worked at Bloomberg L.P. full-time

    Pros

    Good environment to work, good benefit, free meals/snacks, career development.

    Cons

    You need to know people to advance higher position.


  10. Helpful (8)

    "Global Data Analyst - Princeton"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Global Data Analyst in Princeton, NJ
    Former Employee - Global Data Analyst in Princeton, NJ
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    I will try to be as honest as possible - some of the pros are this is a really good place to start your career, especially if you want to make the jump to one of the big banks in a year or 2. Really good benefits as well - good base, free food, insurance fully covered and probably the best 401k match you will find out there(7.5%). New batch of kids out of college every few months start and all of global data is all young kids who end up becoming your good friends since there is nothing to do in the area.
    You can your time here to try to build up your tech skills or study for the CFA.

    Take the offer if you have contacts already in Global data that can honestly tell you about the team that the company want to place you in - it's a complete hit or miss and you want to make sure you don't get stuck for 18 months on a useless team wasting your time.

    Cons

    I mentioned they bring in a fresh batch of kids in every few months - There's a reason for that. The turnover is incredibly high and the reasons for these have been stated lengthily in the other reviews.
    Probably about 75% of the data teams are complete BS. Most of your job will be manually tagging data day in and day out cranking out work items. Then you will be assigned a block of time where you have to do troubleshooting for clients and their questions. Nobody can escape this, everyone who is an analyst has to do this. It can be manageable if you are on a big team where you might be assigned to do this once a week for a few hours to doing it multiple hours a day. The actual "data analysis" works probably comprises of a small part of your day unless you are an extremely motivated individual who stays in the office for an extra 10 hours a week to do these projects on your own.

    It is crucial that you find contacts within global data that can give you an honest picture of the data team that you get the offer for. There are some very good teams that are working on exciting projects under talented managers and if you get onto those teams then this should be an auto accept.

    One of the other things is that it is an unfortunate cycle where the talented folks quickly learn that they either got stiffed by a bad team/manager, or reached a professional/educational growth ceiling in their role. Since the management structure is extremely flat, these folks leave within 1-3 years. Because of this, the middle of the road analysts stay and end up becoming horrible managers. There are of course some amazing managers, but this is the exception not the rule.

    Advice to Management

    You have this amazing company that gives an incredible amount of pay and benefits but you have this horrible turnover and you ask yourself why?

    This is why - its 2018 - bring all your systems up to date. Dont hire rocket scientists with masters degrees to do manual data entry all day long. They will get bored out of their minds and leave no matter how good of an offer you give them. These these can and should be automated.
    Break up the old boys club and integrate global data with engineering teams more to speed up automation. The sooner you can get people off doing manual data entry and doing actual analysis, you will see your retention shoot up overnight.


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