Bloomberg L.P. Reviews | Glassdoor

Bloomberg L.P. Reviews

Updated June 13, 2017
249 reviews

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249 Employee 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 (5)

    "Junior Financial Analyst"

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

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

    Pros

    Exposure to the Terminal. Free lunch.

    Cons

    You are treated as a subhuman nobody by people that lucked into their positions years ago.

    Advice to Management

    Temps are smarter than your Full time team.


  2. Helpful (3)

    "ridiculous raises"

    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
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    401k match, free healthcare, free snacks

    Cons

    raises are ridiculous. Usually 1%. Salaries are very low to start with and super hard to get any sort of serious raise (best case scenario is considered to be 2% in my position). A ton of reviews - 2 big ones a year. If you get a bad review (anything worse than "Exceeds expectations", say good bye to your raise. NO opportunity to move up at all.

  3. Helpful (2)

    "Sales"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales Representative in New York, NY
    Former Employee - Sales Representative in New York, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Modern building and good place for college grads to learn and obtain a knowledge base.

    Cons

    Highly bureaucratic management with many upper layers; highly administrative and not much true selling; unobtainable sales quotas that set salespeople up for failure; cheap with comp.

    Advice to Management

    Treat salespeople with respect and set quotas that are realistic.


  4. Helpful (4)

    "Software Developer"

    StarStarStarStarStar
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Good training opportunities if you are new to the financial industry. Lots of free food and team dinners and lunches.

    Cons

    Some very ancient technology, such as Fortran that noone understands and is scared to touch. Lots of finger pointing and management by intimidation, very toxic culture. Hard to trust any of you coworkers, given the environment. I had to give this place one star, because Glassdoor would not let me give it zero.

    Advice to Management

    Remember that employees are people, not interchangeable cogs. take a step back and consider why you might have some of the highest turnover in the industry.


  5. Helpful (6)

    "Do not recommend"

    StarStarStarStarStar
    • 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
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Excellent benefits
    Good perks
    You learn how to work in a fast-paced environment

    Cons

    Due to the nature of the work, it's a very high pressure environment. At times, it felt like a sweat shop. If you are just starting out in your career, please do not work here. You will not learn the latest technologies and you will stagnate. There is so much overhead that has nothing to do with programming and there is very little room for advancement.

    Advice to Management

    Ease up on keeping tabs on your employees. It's demoralizing.


  6. "CMS Sales"

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

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

    Pros

    Great benefits, nice atmosphere, great location

    Cons

    cut throat management, quick to get rid of older employees who make to much

    Advice to Management

    should be more respectful and considerate of employees


  7. Helpful (5)

    "avoid"

    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
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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

    Pros

    Money and benefits are good.
    Bonus is good - but that depends purely on which team are working on, and on your team lead.
    Office is ok (as for open space)
    Lots of smart people

    Cons

    A lot of work.
    Often pointless and mundane.
    Legacy stuff.
    Lots of stupid people.
    Long hours if you want to be promoted.
    Difficult to advance.
    Company treats people - especially contractors - like crap.
    Be ready to move back in time 20 years if you work here.

    Advice to Management

    Learn how to manage.

  8. Helpful (8)

    "Consider all other options working going here."

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

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

    Pros

    -You can tell our friends and family you work at Bloomberg
    -Good benefits
    -Good work/life balance (5pm hits and you're out)
    -Free "Snacks"
    -Summer Party
    - Good name on the resume

    Cons

    -The definition of micro management, you have to alert your manager via going on "hold" if you want to leave your desk. Yes this includes bathroom breaks, this time away from your desk is kept track of and bench marked against your peers.

    -You are a glorified call center agent. Your "metrics" are kept track of ie number of completed chats vs taken chats, time on the phone, quality of chat (majority of the time the "quality" of your chat will depend on how much the person reviewing likes you). These metrics are bench marked against the other 400 people in your department.

    - Although there is a metric system in place, if you are liked by your manager regardless of your metrics you can move onto sales although this is a rare.

    - The financial training you are taught is not put to use as your only concern on the job is completing a chat in the quickest amount of time. Which is usually directing the client to a particular function on the terminal.

    -There is a rotation of weekends and holidays you have to work. If you want want to request one of these days off you must get a "switch".

    Sales and Analytics is viciours, as you spend more time within the department you realize there are no exit opportunities internally. You are either taking chats in some shape or form or in sales which is kept behind a closed door as it is not much better than analytics (aka taking chats). All managers are required to take chats when times are busy so you'll never truly escape taking chats.

    - You work shifts (7-4) (8-5) (9-6) (10-7) note you do not get to chose which shift you are assigned. There are also occasions where you are not given a full hour for lunch

    - Sales and Analytics department uses fear tactics to motivate employees

    Obvs this is a pretty one sided review: but as a currently employee I can only speak the truth to help others make a well informed decision when applying/accepting a role here.

    Advice to Management

    Please make the company culture equal across all departments. Please review the practices of TL within Sales & Analytics


  9. Helpful (2)

    "Data analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Data Analyst in Skillman, NJ
    Former Employee - Data Analyst in Skillman, NJ
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Free food😊 Save so much money

    Cons

    Less pay. Should have paid more for the amount of work

    Advice to Management

    Not friendly with contractors.


  10. Helpful (2)

    "Don't be lured with money"

    StarStarStarStarStar
    Current Employee - Senior Software Developer in New York, NY
    Current Employee - Senior Software Developer in New York, NY
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    Pros

    Mr. Bloomberg has signed the giving pledge

    Cons

    - bad work life balance
    - incompetent middle management (micro managing, distrustful, hypocrite, liar)


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