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. "Initial"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Salinas, CA
    Current Employee - Anonymous Employee in Salinas, CA
    Recommends

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

    Pros

    Great place to work. Great people to work with

    Cons

    I have no cons for this company and job


  2. Helpful (4)

    "Warning: This is not a research job, don’t be tempted to apply if you think it is!!!"

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

    Hours are a lot less compared to if you were doing this elsewhere. Good benefits such as health etc..

    Cons

    Let me start by saying that if you think that this is a research department you will be horribly mistaken. This department reports into news and is nothing more than a glorified department of news. You will be lucky to find any form of analysis that you could use to form an investment decision and if you did use it as investment advice for your clients I would be very worried. This isn’t necessarily because of the analysts it’s more to do with the direction and strategy from management.

    There are some very bright, intelligent and talented analysts and associates here and there also some very overpayed, lazy and unqualified senior analysts that have more or less won the lotto by getting paid the sums they do for putting out what they call research. These senior analysts and management are one of the reasons for poor morale in the department and why most people are looking to get out. In the majority of cases this is where washed out and incompetent senior analysts come to retire and die.

    The only worrying thing is why does management continue to spend the sums they do to hire such incompetent analysts that they believe are well known in the market place and will bring a reputable franchise with them when it always continues to prove otherwise. The downside to this for the rest of the employees is that when it comes to the end of the year, associates and company analysts end up with a 0-3% pay increase because management has wasted so much money elsewhere or only look after the select clique.

    The management structure also means that the people rating you and the people that you report to at the end of the year don’t actually work with you and have no way of properly understanding the work you have done or carried out during the year. This usually results in a farce of an end of year review, as its based purely on hearsay. In fact one of the senior analysts (one of the better senior analysts) recently left because he had no control over some of the other analysts who were below him in the same industry and left due to the poor quality of research.

    There are three way you will join this department:
    Senior Analyst: This is where you are expected to have 15+ years of experience covering your specific industry and are expected to be a well know figure in that space. In reality these are people with a very unknown or poor track record and in some cases haven’t even covered that industry before. On the plus side if you can secure a senior analyst role it’s like winning the lottery in terms of the amount of compensation that management will throw your way.

    Company Analyst: This is where you will have had a couple of years on the street covering your industry and you come in as an experienced hire. In most cases this is where the smart employees are, but unfortunately are constantly shot down by the senior analysts and management.

    Associate: This is where you will come in as a junior. DO NOT DO THIS!!! It will be damaging to your career. You will know nothing about financial modeling, you will probably work for a senior who has no idea what they are doing and you will never get a job on Wall Street with the Bloomberg Intelligence name on your CV. This will pigeon hole you for life.

    This could be a great department but given the Senior Analyst clique and managements strategy it just isn’t. It is a giant blackhole on Bloomberg’s finances with no ROI. If management scrutinized what was going on a bit more, there is a good chance the department would be shut down. Senior people in Bloomberg Intelligence are regularly lying and misleading the senior management in the company.

    Advice to Management

    Listen to your employees more. Senior management outside the department needs to take a closer look at what is going on.

  3. Helpful (14)

    "You get what you're paid for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Reporter in New York, NY
    Former Employee - Reporter in New York, NY
    Neutral Outlook
    No opinion of CEO

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

    Pros

    The breakfast, I long for that breakfast. 10+ types of cereal, 5+ types of bread, every conceivable type of milk (dairy! soy! almond!), hot oatmeal, fresh peanut butter, fruit, veggies. Need I go on? Eating breakfast at Bloomberg every day was sometimes the highlight of my day – and frankly, my grumbling stomach was a primary motivator to get to work many days.

    Salaries are comparatively high, benefits are decent-ish (swipe that AmEx and max out that 401(k) match, yo!), there’s a strong philanthropic mission and the Terminal is like a nerdier version of Googling.

    There’s also a lotta eye candy in the office (hellooooooo sales), if that’s your thing. Or real candy, if you have a sweet tooth. There’s the summer party that keeps going downhill (just give employees the cash already!) and offers a “fun” opportunity to avoid people on a weekend who you actively avoid conversing with during the week. And where there’s a will, there’s a way...to cobble together a sad lunch at your desk (always your desk) that’ll have you saying things you almost come to believe…like, “But at least I didn’t spend $10!” (Which you know is a lie, because the halal guys have $4 sandwiches and there’s McDonald’s a stone’s throw away).

    To be sure, there are some really great people who’ve also gone wayward. If you find your peoples, some days are…fine. Plus, there’s always a layoff around the corner that gives you reason to daydream (‘til it happens to you) and then gossip about who got the ax, only to completely forget that person by the next day.

    Cons

    You'll never fully appreciate all the cons of life in that bubble until you've left. There's the big brother atmosphere. The lack of effective (or capable) managers in the newsroom. Rampant favoritism. Silly metrics. Everyone vying for 15 minutes of (Bloomberg) fame. The Game of Thrones-style backstabbing among upper management that permeates the culture. The thankless -- and soulless -- writing (am I really paying off J-school debt by bullet-pointing a press release in 5 minutes or less? Sighhhh.). The times you'll catch a coworker crying/going through a personal crisis/trying to converse/act like a normal human...but you don't say anything because that's The Bloomberg Way. Then there are the idiots and egomaniacs, oft one in the same. Sure tell sign you’ve encountered one…they act like they’re God’s gift to this fair earth and you find other people believe the hype – and one day, you sorta dabble in the hype before you have an epiphany…THIS IS BLOOMBERG AND NO ONE HERE IS A BFD! (Except Mr. Rose, he’s legit.) Cuz, if someone’s a BFD, they get scooped up and outta there realquick. C’mon, get back to your senses and watch those time-stamps, already. And don’t mind the hangers-on hoarding all the soup, they’re just trying to make it to retirement (sadly, a lot of ‘em don’t lately). Oh, and don’t hold your breath for a cheerio from the no-longer-new EIC who has an uncanny ability to avoid anyone in the newsroom but his most inner circle.

    To be sure, if you don’t let Bloomberg destroy your outlook on life (and please don’t, especially the person who says he/she is just a meatsicle!), working there can actually offer some highly entertaining people watching. Just make sure you avoid the quicksand…if you haven’t unshackled yourself after 5 years, the likelihood you ever will diminishes greatly.

    Advice to Management

    Oh, teeheehee, good one. Management (blue links to meme of evil villain rubbing hands) knows all this stuff -- they thrive on it!


  4. "Great Company"

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

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

    Pros

    Great visibility and direct engagement with upper management.

    Cons

    work can be stressful at times


  5. Helpful (3)

    "Princeton: A mixed bag of pros and cons"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Princeton, NJ
    Former Employee - Anonymous Employee in Princeton, NJ
    Recommends
    Positive Outlook

    I worked at Bloomberg L.P. full-time

    Pros

    Excellent Employee benefits, good STARTING pay, free meals and snacks, good tech for employees (dual 27" screens + powerful PC)

    Learning opportunities are abundant to grow your skill-set

    Cons

    -Raises do not fall in-line with market rates
    -Flat hierarchy structure (horizontal movement only)
    -Management is hit or miss:
    Like any company, there are great and poor managers. Even though there are some fantastic managers at Princeton, they are often stifled by their managers in poor leadership decisions that affects employee's in a waterfall effect.

    There seems to be a growing trend in Global Data - it is a cost center and there needs to be cost reductions. The mantra seems to be, do more with less: alternate work-force, automation, data science, cut low performers.

    If you compare this department (Global Data) with say, Sales/Core Terminal, it's a different ball game. They are a revenue generating department and don't have to operate under a microscope.

    It's a shame, really. There are incredibly smart people in Global Data. Everyone is ambitious, talented, and eager to learn more. Turnover has always been high in my tenure at Bloomberg. Training people is such a high cost and slows growth.

    Advice to Management

    Lead by example to your managers. Push back politically. If you receive guidance from your superiors that you KNOW isn't the best or smartest option, figure out the better way to do it and show them the best way that makes the most sense for the firm. One of Bloomberg's core values is "take risks." Take the risk and do it the RIGHT way.

    Value and reward your employees better. It's one thing to start sending out monthly accolades, but you ruin it when your actions in end-of-year reviews don't reflect all of these wonderful achievements.

    Treat everyone equally. Many policies are at "managers discretion." Be consistent and make these policies as black and white as possible. Managers should not get special treatment. One employee should not get special treatment over another. Do not think these things go unnoticed--every employee notices. Lead, lead, lead.


  6. "Senior Software developer"

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

    Takes care employees. work life balance is good. Good pay and benefits

    Cons

    not much career progress. Long commute

    Advice to Management

    None


  7. "Great place to work"

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

    I have been working at Bloomberg L.P. (More than 3 years)

    Pros

    Great place to work, meet smart people, and there is the potential for career growth.

    Cons

    none at this time. The company is great

    Advice to Management

    Keep up the good work and retain good employees

  8. "Product Managers, News Systems, Bloomberg LP"

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

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

    Pros

    Bloomberg has a great work culture

    Cons

    Compensation and benefits become stagnant after a period of time.


  9. Helpful (3)

    "Strategist"

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

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

    Pros

    Excellent Benefits; Management generally bends over backwards to accommodate employees

    Cons

    Highly biased politically, nearly hostile. Management tends to be very top-down

    Advice to Management

    Trust your people. The folks on "the ground" usually have a better idea of what's going on than do the managers cloistered together exchanging ideas.


  10. Helpful (3)

    "It's a Job not a carrer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Global Data Analyst in Skillman, NJ
    Former Employee - Global Data Analyst in Skillman, NJ
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Free Food. Breakfast, Lunch, and Dinner is covered.
    Good Benefits.

    Cons

    Work is repetitive. Data entry all day.
    No transferable skills.
    Flat Structure.
    No Room for growth. There are people there that have been in the same position for 20 years. Add that along with the sheer Nepotism that goes on in this place. it's a old boys club in the Skillman office. The dusty old men there will literately stop you in the hallway/bathroom/cafeteria just to make you suck up to them. It's worst than high school if you are not down with the clique. If you have any drive or self worth this not the place for you. The petty politics and repression will crush you if you allow it. You will be exploited until you get fed up and just quit. I honestly believe that is embedded into the culture in the Skillman office and Management wants it that way.

    Advice to Management

    None. Just because you have been there since the building open doesn't mean you're better that anyone else. Get over yourself and realize that there is entire world outside of Business Park. Maybe you should treat people with a little bit of dignity then maybe you'll get little more out of them.


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