Bloomberg L.P. Reviews | Glassdoor

Bloomberg L.P. Reviews

Updated April 20, 2017
289 reviews

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Bloomberg L.P. Founder Michael R. Bloomberg
Michael R. Bloomberg
37 Ratings

289 Employee Reviews

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More Pros and Cons

  1. Helpful (6)

    "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.


  2. Helpful (3)

    "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.


  3. Helpful (3)

    "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.


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  5. Helpful (3)

    "Previous Full time software engineer"

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

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

    Pros

    Good benefit
    High impact in the financial market
    Good gateway from CS to fin-tech & hedge fund. If you are a pure CS or engineering background and have great interest in finance, this is the right place to work. With a few years of experience here you can have access to almost all types of financial/quant/hedge fund developer roles.
    Good training classes for new grad students.
    Good immigration policy for non-US employees

    Cons

    Not a good place if you are a tech person. This is a place that argument wins code. Good interpersonal skills are much more important than your code quality.
    As a developer, you will feel you are always the second-tier in the company and you have little control over the product but have to follow the business and sales.
    Few of the upper management has a tech background so that they do not know much about how to improve the efficient of the developers by improving the overall software infrastructure. Most of the developers works hard and they are generally smart but the overall productivity is quite low. One example is that we do reinvent the wheel a lot. One example is that for almost every teams that use Python they write their own python util module. Let's say their are 100 teams that use python and there could be 100 different version of parseTimeInput method in their own git repo. I have no idea why the whole company do not maintain only one general python lib that all team can use.

    In this place it is very hard to get rewarded or promoted by just doing a great job in coding. Communication and other inter-personal skills weight more than the tech skills. That is why there are more upper level managers have business and non-tech background in the development departments.

    Advice to Management

    Should pay more attention to developers and their thoughts. The high turnover rate is for a reason.


  6. Helpful (4)

    "Suprisingly outdated software development environment for such a reputable company"

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

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

    Pros

    Profitable company, name recognition, resume builder, frequent talks by industry-leading distinguished speakers, unlimited free almond milk

    Cons

    High stress environment. (I experienced this first hand, but also heard it from several employees in various other groups.) Company culture was opposed to using products developed outside the company (in the name of not being dependent on external suppliers). This led to employees having to use buggy internally-developed systems for mail, chat, calendar, bug tracking, room reservations, etc. Hard work and talent were not rewarded or appreciated. Out-of-touch management didn't know enough about industry standard software development practices to improve morale and efficiency. Poor leadership rewarded employees for undermining peers. Knowledge hoarding among employees for job protection was common. While the company overtly promised training opportunities for employees, employees were often discouraged from getting training and frequently had to cancel it due to excessive work loads. Some long-term employees, while having plenty of experience with operating internal legacy systems, had no software engineering experience, yet directly managed software engineers. Industry standard software development practices were lacking: no automated build system (developers hand-built code deployed to production servers), no automated testing, highly manual software deployment and configuration management, no integration between revision control and software release systems, no integration between code review and software release systems. Code base has large technical debt due to poor oversight and no leadership eye toward maintainability and code quality. Employees in a "senior software developer" role spent less than 10% of time on development, most of time on dealing with manual software deployment and frequent operational emergencies due to software breaking.


  7. Helpful (4)

    "Data Analyst"

    Star Star Star Star Star
    • 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
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    Good Benefits (Insurance, Free Lunch)
    Good Hours (Ability to start within a given time range and leave withing a given time range)

    Cons

    Lack of Career Growth
    Monotonous work
    Constantly changing technology that are never used. Spend weeks working to implement new technology and structure only for the structure to change when the work is completed.
    Changing technologies are almost impossible as some systems are decades old and have dependencies that seem like they will never be changed
    Projects are given without scoping out possibilities and dependencies. Decisions are made from the top level without an understanding of what is actually possible. Made based on what management think will work
    Very little communication between Data and R&D side both which have completely different understanding of systems and time allocated. Makes joint projects very difficult especially when Data pushes one thing which R&D says is impossible

    Advice to Management

    Stop moving so quickly and actually understand what is possible before making decisions. Don't simply do something because it is new. Understand when something was a failure and learn from it. Speak with multiple parties before pushing a new product/technology. Constantly changing/new technologies has left the company constantly just fighting fires and adding messy fixes which no one understands.


  8. "BAT Ambassador"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Bensalem, PA
    Former Employee - Anonymous Employee in Bensalem, PA
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    good pay, not to needed,

    Cons

    confusing at times, they dont explain it too well

    Advice to Management

    n/a


  9. Helpful (12)

    "Get ready to be disillusioned"

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

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

    Pros

    At first, Bloomberg seems great. It's full of seemingly smart, motivated people. The pay can be good. Resources are never a problem. When they want to do something, it gets done. The first couple of years are great and full of excitement.

    Cons

    And then time starts to pass. Things can start to get political. The most mediocre start to rise into upper middle-management and beyond. The single easiest way to get ahead is to be a yes-man. Never question anyone above you. Do what you are told, and like it. Treat those above you as if they were gods. Stoke their egos. The rules and bureaucracy start to suffocate. They bend the rules for people they like, but after the newness wares off and if you threaten anyone above you, the rules will be applied with full force. It's disappointing to work so hard and then to be cast aside. They will work you until there is nothing left.

    Advice to Management

    Take a good look at the people you put in power. Do more 360 reviews, and act when you see problems. There are so many good, smart, hard-working people at Bloomberg. But they are not being allowed to rise. They are actively being blocked by scared, threatened, and, at times, incapable middle and upper managers who take credit for things they had nothing to do with and blame their own failures on people below them.


  10. Helpful (1)

    "Sales"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales Executive in New York, NY
    Former Employee - Sales Executive in New York, NY
    Doesn't Recommend
    Positive Outlook

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

    Pros

    They have a kitchen space with free snacks and beverages for all and also a nurse on premises. Most executives are also open to meeting with managers and providing advice and mentorship. Great 401 k plans and networking opportunities.

    Cons

    Their motto is transparency but I didn't experience that. "Big brother" is always watching and so many layers to get through to even mail an envelope. Many people are kept there just because they started early with Bloomberg but they aren't producing. Newly hired senior level employees from outside of Bloomberg are treated like outsiders.

    Advice to Management

    Be more flexible with travel & work hours. Provide more guidance and support to employees to help them reach their #s.


  11. Helpful (7)

    "Inconsistent management"

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

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

    Pros

    Good place for recent graduates to build knowledge. Bloomberg Philanthropies does great work with the profits.

    Cons

    Management and Team Leaders are incredibly inconsistent. Prevalent management style is negative reinforcement. Flexibility is very inconsistent as well. Most employees seem miserable, which can make for a very long day in the office.

    Advice to Management

    This place really could be really amazing if you encouraged consistent and positive management styles and encouraged work/life balance.


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