Bloomberg L.P. Reviews | Glassdoor

Bloomberg L.P. Reviews

Updated July 20, 2017
2,384 reviews

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Pros
Cons
  • Bloomberg's work-life balance isn't for all (in 82 reviews)

  • Long hours, poor work-life balance (in 140 reviews)

More Pros and Cons

  1. Helpful (1)

    "Depends on what dept your work"

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

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

    Pros

    smart people, good product, lot's of customers

    Cons

    pressure cooker atmosphere and managers will berate you

    Advice to Management

    sell the company


  2. "Sourcing"

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

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

    Pros

    Great Culture and benefits. Lots of free food.

    Cons

    None that comes to mind.

  3. Helpful (9)

    "Software Engineer"

    StarStarStarStarStar
    • 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
    Neutral Outlook
    No opinion of CEO

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

    Pros

    I know well with the engineering department; not too familiar with other departments.
    - One of the most prestigious names in the financial industry.
    - A rich number of opportunities to get experience in multiple areas in finance.
    - As in New York, Bloomberg pays well for entry/mid-level employees.
    - One of the best benefit plans in New York.
    - Offices are really nice (fish tanks, free food).
    - Great work/life balance in some teams.

    Cons

    Again, I can only judge it in an engineer's points of views:
    - Just so-so tech infrastructure among financial companies (not even counting some HFT firms). They use extremely out-of-date infrastructure that many had abandoned in early 2000. The key thing is: software engineering is NOT the money-maker; technical improvement is always secondary to "keep things working as they are because clients need foobar before next week". In fact, even among financial companies, Bloomberg's tech infrastructure is no more than the average. You would be crying once you get into this company and learn what they're still trying to get on-board is something that mainstream has been using since 10 years ago. Seriously, take a look at what’s popular 10 years ago and you’ll know how slow and frightening that Bloomberg moves ahead.
    - However, compared to regular tech companies (not even to mention the big names), Bloomberg's tech stack is something that engineers may feel shame to talk about at their class re-unions. In fact, this is the most critical thing for young engineers who'd like to keep sharp in tech. To put it in the simplest way: Bloomberg (at its best eng teams) offers great opportunities to make single-cylinder combustion engines. Other tech companies provide engineers with some engines (proprietary and/or open-source) and they end up making rockets and space shuttles. At its regular teams in financial divisions, the tech stack is just... It’s all about the business logic. NO TECH!
    - No respect to former employees. Bloomberg never hires back former employees as loyalty is a key. So if you left, HR is not likely to take you serious anymore because they know you’re not coming back. This happened to many of my colleagues who left the company. They got poor or even no support from the company for tax, health, immigration and legal needs. Some of them got into troubles because of that. Just sad.
    - Blame-based performance evaluation system (they'll tell you it's merit-based but nope). Not too many chances/incentives to outperform.
    - Work/life balance at some teams can be disastrous.
    - Any fault is recorded. Low tolerance to faults, especially in divisions that make money.
    - Pays much less than the top tech companies.

    Advice to Management

    No advice.


  4. Helpful (1)

    "Bloomberg. NY"

    StarStarStarStarStar
    • 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
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Good people, no red tape, very interesting projects, location

    Cons

    None I can think of.


  5. Helpful (5)

    "Toxic culture of people who play favorites; anti-woman"

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

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

    Pros

    Snacks, generous health benefits, 401k match is good

    Cons

    Bloomberg's best days as a high-growth tech firm are way behind it as clients continually look for ways to get rid of terminals; passive investing is getting more popular, eliminating the need for a high-priced terminal that often functions like a high-priced chat service; news department is beholden to big clients that quash stories; HR department is a joke -- constantly making mistakes; not friendly to women. Never worked with a pregnant woman, probably because family is forbidden.

    Advice to Management

    Keep doing what you're doing, regaling in the heady days of yesteryear with the old frat boy mindset and close-minded way of doing things. Really out of step with today's work force.


  6. Helpful (1)

    "Operations"

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

    I worked at Bloomberg L.P. full-time (More than 8 years)

    Pros

    Great energetic work environment and awesome benefits!!!

    Cons

    Hard to move around unless your connected

    Advice to Management

    Stop holding people back that is more qualified to do the job and stop promoting friends and neighbors


  7. Helpful (5)

    "Choose your team wisely, but a great company."

    StarStarStarStarStar
    • 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
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Great salary and benefits. Work life balance was excellent. Was treated with a lot of respect and met a lot of brilliant people. The terminal is a killer product. If you're providing value, your career will be advanced and you will be rewarded. They definitely want to keep their employees happy. If you join the right team, you will be very happy here. I liked the company a lot more than I liked my day to day work.

    Cons

    Technology can be very stale. A lot of teams are stuck in the mud with no clear path to escaping their tech debt. The training class is a drag. A lot of employees feel like they've checked out and don't have much interest in learning new things so it can be difficult to move things along.

    Advice to Management

    Revamp the training program. The way you gather feedback about it doesn't actually promote real discussion about the serious problems with it.

  8. Helpful (4)

    "Nice place to work and could be a career changer, but long, long hours."

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

    Compensation, fringe benefits, culture that allows for movement around the enterprise. Company values are amazing and is a reflection of Mike's values. The company is working hard to pivot as more automation is changing the finance industry.

    Cons

    Hours can be brutal. 9hr shifts for most, and 10hrs for many others. Collaborative work spaces are very distracting. If your not a programmer, your technical career is limited.


  9. Helpful (3)

    "Terrible work environment, pay increases are far less than the rest of the company"

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

    Good benefits such as health etc..

    Cons

    The moral and work environment in this department is at an all time low. For such a company that tries to promote transparency the whole time, this department does the complete opposite.

    Management does not look after existing employees and shows this every year with minimum pay increases, instead using the money to pay ludicrous wages for people they pull in from the street who end up writing garbage.

    Management has turned what could be a great research department into a hamster wheel. The same nonsense is regurgitated on a regular basis and takes away from what could be insightful ideas generated. More and more people continue to leave the department and are fed up with how it is being run into the ground.

    Advice to Management

    Listen to and reward current employees before everybody leaves. Stop letting senior analysts ruin the environment for everyone.


  10. Helpful (4)

    "Strong culture - great place for technologists"

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

    True technology-focused company, great mobility opportunities, talented engineering workforce, pantry, philanthropy and benefits.

    Cons

    There are many lifers who have been here a very long time and for whom this was their first job. Unfortunately the lack of external experience and leadership tends to hinder out-of-the-box innovation.

    Advice to Management

    It may be time to revisit the only-promote-from-within philosophy that has driven the company's practices for so long. The engineering division could benefit from senior managers with outside experience.


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