Bloomberg L.P. Reviews in Skillman, NJ | Glassdoor

Bloomberg L.P. Skillman Reviews

Updated August 1, 2017
92 reviews

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Skillman, NJ

92 Employee Reviews

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Pros
Cons
  • Bloomberg's work-life balance isn't for all (in 83 reviews)

  • Long hours, poor work-life balance (in 142 reviews)

More Pros and Cons

  1. Helpful (1)

    "Laid back for recent grads, no growth"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Financial Analyst in Skillman, NJ
    Current Contractor - Financial Analyst in Skillman, NJ
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Bloomberg L.P. as a contractor (Less than a year)

    Pros

    Great company to work for, you always know whats going on in the news, free food, gaining Terminal experience, great people who are very supportive, good hours.

    Cons

    No room for growth, there is a 1% chance you might get hired, glorified data entry, temps are under appreciated as they are a great pool of potential employees that would be glad to work at Bloomberg.

    Advice to Management

    Appreciate the talent you have right under your noses instead of head hunting ivy-leaguers who will only use this job as leverage.


  2. Helpful (3)

    "Wouldn't recommend"

    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
    No opinion of CEO

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

    Pros

    Great benefits, but that's it.

    Cons

    Very little room for personality. Very much like a high school popularity contest, in the sense if you aren't considered a "cool" person you are isolated with very little help or contribution. Very stuffy working environment.

    Advice to Management

    Advance people to management positions who actually display leadership qualities. When employees come to you with a problem or obstacle, see to it personally that it is solved or cleared.

  3. "Excellent Work Environment"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Global Financial Data Analyst in Skillman, NJ
    Current Contractor - Global Financial Data Analyst in Skillman, NJ
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Bloomberg L.P. as a contractor (Less than a year)

    Pros

    Bloomberg's work environment is very friendly and productive. The employees walk with a purpose and always greet one another. Free lunch is offered and there is plenty of space outdoors to take a breather and walk around. The office has an open layout where employees can work closely with their teams.

    Cons

    Despite the work environment being very friendly, there are times during the workday when the office can become very quiet. Also, managers sometimes do not sit near team members despite the office having an open layout. Therefore, reaching out to management can sometimes be difficult. Meeting rooms can be very cramped as well.

    Advice to Management

    Bigger meeting rooms and more areas for collaboration.


  4. "GREAT START!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Financial Analyst in Skillman, NJ
    Current Contractor - Financial Analyst in Skillman, NJ
    Recommends
    Approves of CEO

    I have been working at Bloomberg L.P. as a contractor (Less than a year)

    Pros

    Preface: I've only been there for one day as of this post, but I'm telling you, it is GREAT!
    -Great training on the Terminal and what the actual job is
    -Free breakfast, lunch and snacks throughout the day
    -Culture is laid back; people are willing to help you succeed
    -Even as a temporary, the mindset of a full-time analyst will show through with time.

    Cons

    If you don't have a desire to learn about analytics, don't bother. No cons otherwise.


  5. "A good company to learn from"

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

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

    Pros

    Good to learn about the financial market

    Cons

    There is no room to grow, very hard to move up the ladder

    Advice to Management

    To take time and teach their employees and actually listen to their concerns


  6. "Intern"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Intern - Data Intern in Skillman, NJ
    Current Intern - Data Intern in Skillman, NJ
    Recommends
    Positive Outlook

    I have been working at Bloomberg L.P. as an intern (Less than a year)

    Pros

    great benefits, excellent culture, free food and drinks

    Cons

    flat level structure, work is repetitive


  7. Helpful (1)

    "Senior Data Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Skillman, NJ
    Current Employee - Anonymous Employee in Skillman, NJ
    Recommends
    Neutral Outlook

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

    Pros

    a lot of opportunities to develop products, flexible work schedule

    Cons

    flat structure with no career progression

  8. Helpful (3)

    "Fundamental Data Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Data Analyst in Skillman, NJ
    Current Employee - Data Analyst in Skillman, NJ
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Very open culture and work day. You can mostly decide what to prioritize and what to focus on at the job.

    Free food.

    Cons

    Management doesn't understand the difference between a good employee and one who appears good. There seems to be massive confusion about the overall goal of the department and the role of analysts. Technology expertise is becoming essential instead of an added skill. Metrics are used to determine how much work gets done as well as an "intangible" assessment; meaning promotions and raises/bonuses are really about how much management likes you.

    For all the money they spend on food, the coffee is poor at best.

    Eventually those duel screens will make you blind.

    Advice to Management

    Talk with the bottom of the triangle more to see what is happening or soon you will not have anyone to stand on.


  9. Helpful (14)

    "Global Data Analyst"

    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
    Approves of CEO

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

    Pros

    The office is sleek and modern. Fish tanks line the walls and the glass door conference rooms create an open atmosphere. The kitchen has a lot of healthy snacks and 3 free meals a day is a luxury most other offices don't have.
    The people for the most part are all really nice and there is a good feeling of camaraderie amongst a lot of the younger analysts.
    The salary and the benefits are second to none and the global company events like the New York summer picnic as well as philanthropy are amazing.

    Cons

    Ok, here it goes. This office is a sinking ship. The entire department is an outdated mix of 20+ year analysts who are so complacent in their current roles that the first whisper of automation makes them cringe with the thought of losing their jobs. The attrition rate among younger employees is astronomical as they realize within 6 months of being there that this is the biggest waste of time and effort since their freshmen year art elective.
    If you enjoy working with data, and by that I mean entering digit after digit without giving any thought whatsoever to what it means, and who uses it, then send in your resume their looking for people like you.
    There is no room for growth, although they will tell you differently through all the different seminars and information sessions. You start in data, you will end in data, unless you actively look for something better outside the company. And the reason for that brings me to my final point...
    The upper management of Global Data in Princeton, NJ is the most inept, unintelligent, smug, condescending, bureaucratic, and just downright incompetent bunch of individuals to run a department. Most of them have been there since the building was opened, which somehow legitimizes there sense of entitlement. They preach transparency and collaboration yet they offer no insight and no growth opportunities, unless that means making their jobs easier so they have more time to talk about little league in the kitchen. They pick favorites with a nice smile and they let the rest fend for themselves. If you have any sense of self-worth, keep searching Glassdoor for jobs.

    Advice to Management

    Engage the skilled employees or watch them leave.


  10. Helpful (12)

    "Epitome of Mediocrity with Wannabe Wall Street Culture"

    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
    Neutral Outlook
    Approves of CEO

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

    Pros

    I worked as a Data Analyst within the Global Data department for several years. Overall I'd say this is a great place to work for those who want to simply collect their paychecks (pretty decent amount too) without all the stress often associated with similar salary range in any other firms. Keep calm and tag data, then you shall be rewarded with a peaceful and decent life. I have no idea how anyone can leave a 4- or 5-star review of this place, but I am very happy for them that their experience working at Bloomberg was significantly better than mine. Here are some things I liked about working there:
    - Free breakfast, lunch, and snack at the cafeteria - obligatory mentioning of the free food for the employees. I know it's cliche, and almost all past reviewers mentioned it, but it does save a lot of money for food. Don't expect anything too fancy, but hey, it's free. With that said, I should also mention that it's pretty sad for a workplace when almost everyone lists free food as their favorite part of their job.
    - Very flexible hours and incredibly easy job – during my time at the firm, I never had to work late or come in during weekends/holidays. Most people come in after 8am and the office is deserted by 5pm. You only spend 2-3 hours each day actually doing your job (I agree with the person who called it “dystopia” – if you have to spend more than that, you should seriously reconsider your life), and are free to do anything you want (read the news, pretending to do work, etc) for the rest of the day. The job itself is incredibly easy, and I seriously doubt that you need a college degree to do any of our daily tasks.
    - Great benefits and decent salary – Bloomberg employees get some of the best benefits out there (health, dental, vision). You also get unlimited sick days on top of your 4 week paid vacation. I also think that the pay is pretty decent for what we do, at least for the NJ-based employees. I’ve read some reviews here (perhaps they worked in NYC) and heard my colleagues regarding how they think they are underpaid compared to “their friends who work for banks and other financial firms.” – I disagree with them. For what we do and how much work we do, I think the pay is fair. It’s pretty embarrassing to hear some of them comparing themselves to traders and PMs on the Street.
    - *Some* great colleagues and constant collaboration – Like many other reviewers mentioned, you will meet some very bright colleagues in the firm. I also like that the company does a good job of promoting collaboration (both within the team/department and outside), so you can team up with smart people to work on interesting projects. The problem is that these people are rare, and they always end up leaving after several years because the job itself is nothing but repetitive and mindless. I have truly enjoyed working with some people during my time at the firm; I just wish I met them elsewhere so that we would work on something that actually mattered.
    - High degree of freedom – most of the managers in the department are clueless and have no idea what is going on and what you are working on. This means that you have unbelievably high degree of freedom, and can get away with almost anything. You can literally not do any work for one full week and no one would say anything to you, so long as you remember to ask your managers how their weekend was, how their dogs are doing, how their kids did in their baseball/soccer game, etc. By the end of your first year, you will become an expert in small-talks and master the art of superficial smiles.

    Cons

    - Boring job – when I applied to work at Bloomberg, the job description sounded like it will involve at least some research/analysis of various asset classes (depending on what team you get assigned to). In reality, the job is basically a glorified caller center worker who tags data. My days consisted of moving data points from point A to point B, and dealing with angry clients asking why we make stupid mistakes. Occasionally, you are given some “projects” which are either just simple and mind-numbing mass data corrections, or some aimless “improvement” requests that die down without real solutions several months later. I felt like my brain cells were slowly dying of inactivity during my tenure there.
    - Clueless managers and apathetic colleagues – it’s true what they say about how quality of your work experience depends on the people you work with. Most managers are completely clueless, and they are where they are only because they’ve been working in the company for so long (and their peers who are actually qualified presumably left the firm long time ago). They have no idea how to run a department/team, but still love bossing around because they are delusional and power-tripping. They act as if they are in Wall Street by throwing around finance/management jargons and acronyms that have no applications to our operation, and seem to be only occupied with pleasing their own managers. I felt like I was in a big frat house where the managers were busy “bro-ing” with each other and their managers. In terms of your colleagues, there are three types: 1) those who are ambitious, smart, and motivated; 2) those who are neither smart nor motivated; and 3) those who are smart, but not motivated. Of those in the three categories, people in the first category quickly realize the limitation of the department and leave as quickly as possible. Thus, you are left to work with those who can’t perform because they lack the skills/intelligence, or won’t perform because they just don’t care. Either way, the quality of work that gets done is mediocre at best. The worst part of all of this is that before not too long, you will find yourself in one of the latter two categories at some point if you decide to stay for too long.
    - Laughable technology – for a company who claims to be a leader in the financial data business, the technology used in the firm is a joke for the most part, and once again, mediocre at best. The management refuses to invest serious money into developing a better system; instead, they only invest in cheaper patching-up solutions just to get by.
    - No growth opportunity – the company has a very flat structure, which means that there are very few management positions available. You learn absolutely nothing that is applicable outside of your team, so most people are stuck doing the same things year after year. If you are smart and good at what you do, your chance of being promoted actually seems to decrease since they are worried that they won’t be able to find a suitable replacement for you. There are options to apply to transfer internally (or to NYC), but the competition is very tough, and even if you are able to transfer, more likely than not you will be doing similar tasks that you have been doing – just with a different asset class. Those who are motivated/smart enough to learn new skills don’t even bother applying internally – they simply leave the firm.
    - Long lines for bathroom stalls – I don’t see any previous reviewers mentioning it, but this is a real problem in the Skillman office. I don’t know what they do (nor do I want to know) in the bathroom stalls, but regardless of when you go to the bathroom, there is *always* a line for stalls. It wasn’t rare for people to wait 5-10 minutes in line. Apparently going number two is a privilege in that office. My current colleagues think that I’m making this up, but sadly, I’m not.

    My apologies for the long review, but in short, if you have even half a brain and think that you have a shot at being successful at any other place, do yourself a favor and stay away from this place.

    Advice to Management

    Instead of pushing away all the promising younger employees, wipe out all the low- and mid-level managers, especially the ones who have kept the same position for nearly a decade. It’s clear that there are so many other employees who deserve to be promoted, and keeping the current managers will only further decrease the morale level among the analysts. They should also consider bringing managers from outside the company who have proper management experience and skills. Finally, stop lying to the job applicants about what their responsibilities will be. Bloomberg is NOT Goldman or JPM, so stop acting like one.


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