Bloomberg L.P. Reviews | Glassdoor

Bloomberg L.P. Reviews

Updated December 7, 2017
334 reviews

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334 Employee Reviews

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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 179 reviews)

  • Open work environment, free food, nice colleagues (in 321 reviews)

Cons
More Pros and Cons

  1. Helpful (1)

    "Free snacks aren't enough"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Bloomberg L.P. full-time

    Pros

    Nice offices, free snacks, company picnic

    Cons

    Very political environment, constant re-orgs, no diversity at the leadership level.


  2. Helpful (1)

    "Sick corporate culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Washington, DC
    Former Employee - Anonymous Employee in Washington, DC

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

    Pros

    Good salary, benefits, prestige of being a brand name news provider.

    Cons

    The company treats people as disposable commodities. Nasty internal politics.

  3. Helpful (3)

    "Recruiting Coordinator (Engineering Department)"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Recruiting Coordinator in New York, NY
    Former Employee - Recruiting Coordinator in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    -Michael Bloomberg
    -good PTO
    -Philanthropy opportunities
    -free healthcare
    -snacks

    Cons

    -toxic environment
    -ZERO opportunity for growth
    -extremely poor management
    -its not a team environment
    -you will be an assistant to lazy recruiters who make you do all their work
    -very heavy workload
    -only valued for the hours you put in, not the contribution you make

    Advice to Management

    read a book about how to: manage people, talk to people, treat people, encourage people, develop a team. Try to learn how teams work and remember just because your life isn't great doesn't mean you need to drag people down with you. Try mediation.


  4. Helpful (4)

    "Sales"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales Associate in New York, NY
    Former Employee - Sales Associate in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Good base and bonus
    Free food
    Nice building
    Some travel opportunities

    Cons

    Senior Leadership is home grown and has fallen behind in how the outside world is changing.
    They say they want new fresh bold talent and then reprimand and "rate" people poorly who try new things and make mistakes.
    Full time means early mornings, evenings and weekends - limited respect for people with families. Be ready to be committed to the company 24-hours a day and if you take a vacation day be prepared to work during that time too if needed. If you have a personal commitment let your family and friends know they should be prepared for cancellations and being late.
    The company knows how to execute fast but it's not overly strategic or thoughtful at times.
    Leadership is extremely slow or unequipped in making high quality decisions and incredibly poor at change management. Causes an emotional roller coaster for many employees.
    A gossip filled environment with plenty of favoritism and uncertainty.

    Advice to Management

    Look at your top leadership and compare them to real executives in competitive environments.


  5. Helpful (1)

    "Bloomberg Law Legal Analyst"

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

    I worked at Bloomberg L.P. full-time

    Pros

    Great benefits, nice office, opportunities to move around to different departments.

    Cons

    Management changes frequently, large company so employees are viewed as fungible, little opportunity for advancement from current position.

    Advice to Management

    Try to retain good people.


  6. Helpful (1)

    "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


  7. Helpful (21)

    "Technology dinosaur past it's prime with several product, corporate and cultural flaws"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Compliance Product Manager in New York, NY
    Former Employee - Compliance Product Manager in New York, NY
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    -Very good compensation with end of year cash bonus
    -Good vacation policy and medical benefits
    -Great snacks and coffee situation, free soup for lunch
    -Global organization with recognizable brand name and stranglehold on some workflows within the financial industry
    -Energetic common areas of the main NY office, generally interesting and smart workforce
    -Very well respected CEO (ex mayor Mike Bloomberg) with a good and charitable moral compass
    -Fun summer picnic

    Cons

    General CONS:

    -From a long term business perspective Bloomberg has zero chance of growth; the market is saturated and begging for innovation, and customers usually do NOT like dealing or working with Bloomberg - most of the time they simply have no other option
    -Employees are no longer valued assets, they are soldiers and rarely get recognition or praise from management. You are expected to do your job, not take risks, be quiet and make sure the "Bloomberg cruise ship doesn't sink"
    -The Bloomberg culture from the top down is hurting. Not a company for people excited to grow a career, most employees who enjoy the salary and stability will fall in line and try to "not get fired".
    -What you'll find here is the definition of people leaving or being unhappy because of the manager, not necessarily the company. All of the pros listed above can prove worthless if you have a sub-par manager and within a negative environment.
    -The HR group within the company are robots and care little about employees below senior management. There are DOZENS of stories about employees who have been wronged, treated unfairly and with disrespect - but HR's job is to make sure complaints are squashed and it doesn't make it up to Mike B. Usually employee complaints are washed through the HR spin machine until the employee loses hope and either gives up, leaves or is shown the door.
    -The working environment is very negative, but upper management is shielded from this or just doesn't want to know. As of a month ago most employees either understand this and are accepting of it, or are extremely unhappy in their day to day.
    -Bloomberg's first attempt at collaboration and enterprise technology has been a challenge, for both sales, product and engineering. They don't get it.
    -The sales organization overall does not understand enterprise sales, most managers would fail in a modern technology company.
    -It is a very flat company, there is no determined career path and most employees are all but convinced to be silent contributors. You are all but told to not rock the boat.
    -The culture is of extreme micro-management; all office entry/exit time-stamps are exposed internally, most managers expect you to take lunch less than 30 minutes and you usually have to be in at 8 and leave after 6.
    -Don't expect company sponsored events other than the summer picnic, most happy hours and events are looked down upon by managers.

    CONS for Product Management and Engineering:

    -Upper Management actually dissuades innovation, they think Bloomberg is fine the way it is, don't take risks
    -If you care about customer (end user) experience, creative flexibility, and technology/tools developed after 2012 then Bloomberg is NOT for you.
    -Most Product Managers are experts in the workflow of the user, not product or technology subject matter experts
    -Engineering talent is respected and of high quality, but over the last few years the top talent are all being lost to more innovative tech companies: Google, Facebook, LinkedIn, Twitter, Spotify, etc
    - Several gaps and bugs pop up daily, and deploying or rolling out new features and functionality sometimes take weeks or months - not a great culture for innovative engineers - you'll want to go to one of the other big tech companies for that.
    -If you want to actually build interesting products, adapt to customer needs and create great user experiences, then look elsewhere
    -There are more good product managers and engineers leaving rather than joining, a sign that the company and product is past it's prime
    -Bloomberg as a whole does not understand compliance technology, especially for non-Bloomberg data sets. Customers are learning to look elsewhere.

    My overall message is to simply understand what you are getting yourself into by joining the company. You'll make a good salary and meet some fun people, but if you care about advancing your career and being part of an innovative technology organization, then look elsewhere. Some people are totally fine with the status quo and collecting paychecks. But for those who care about careers and crave passion, if you look into their eyes you'll see souls dying.

    **Make sure you talk to current employees in the group you are joining before accepting**

    Advice to Management

    Actually try to innovate and treat your employees like trusted human beings. There are some scary stories that HR is probably shielding from Upper Management. Does anybody in mgmt actually care?

    The company better be careful or they will continue down the path of losing 50% of it's customers in the next 5 years. People at other popular tech companies think Bloomberg is a joke, take that seriously and actually try to improve. Appreciate your employees' ideas and creativity.

  8. Helpful (5)

    "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.


  9. Helpful (2)

    "Boring"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Good work atmosphere but not worth it

    Cons

    Really unintelligent work as Sales and Analytics department


  10. Helpful (1)

    "Marketing Micro-Management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Bloomberg L.P. full-time

    Pros

    - The company benefits
    - Free food
    - Company events
    - Philanthropy work

    Cons

    - Micromanagement
    - So much politics
    - Behind in marketing, low investment in marketing
    - Marketing there is seen as a support function rather than a strategic partner
    - Working to please business leaders rather than being effect marketing department
    - Technology used if out of date
    - Either you are in or you are out


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