Bloomberg L.P. Software Engineer Reviews | Glassdoor

Bloomberg L.P. Software Engineer Reviews

Updated July 9, 2017
191 reviews

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Software Engineer

3.8
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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. "Great internship, great benefits"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Intern - Software Engineer(Internship) in New York, NY
    Current Intern - Software Engineer(Internship) in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bloomberg L.P. as an intern

    Pros

    Bloomberg is generally a great gig. The pay is good, the people are nice and work is rewarding as long as you choose to make the most out of it.

    Cons

    Tech can be old, not the most ambitious work environment if that's what you're into


  2. Helpful (1)

    "Great company to start your career."

    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
    Neutral Outlook
    Approves of CEO

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

    Pros

    Smart people, great work life balance, great salary and awesome perks.

    Cons

    Legacy technology and lot's of processes.

  3. "Awesome place"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Software Engineer in San Francisco, CA
    Current Employee - Senior Software Engineer in San Francisco, CA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Excellent environment. Bloomberg LP is a technology company first, their talent level is amazing.

    Cons

    No cons as of now


  4. Helpful (4)

    "Awesome company"

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

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

    Pros

    Bloomberg is an exciting place to work. The company culture is great. The pay is great. The benefits are great. The office is amazing. The technology is being rapidly updated. Some of the smartest people I know still work there. There is lots of talent in this company! Plenty of training opportunities. Generous vacation. Generous maternity leave. Diversity.

    Cons

    Once you quit, you cannot go back. You may get used to a lot of things that are Bloomberg specific and are not used elsewhere. Flexible work and remote work is hard to arrange. Limited number of offices (if you are in tech you have a choice only between NYC and London)

    Advice to Management

    Mike Bloomberg is awesome! In terms of advice: make remote work and flexible work easier to arrange.


  5. "Great Place to get a broad spectrum of experience"

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

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

    Pros

    Great Salary
    Excellent mobility from one dept to another
    Management opportunities
    NYC

    Cons

    Due to the tribal/social culture of Bloomberg, all of the magic happens in NYC.

    If you're in one of the satellite offices, they are, unfortunately satellite offices.

    Advice to Management

    Focus more on written, searchable communication for teams and groups to better enable cooperation from other offices.


  6. 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.


  7. 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.

  8. 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.


  9. "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


  10. "A great institution that provides service to the financial industry and plugs into communities throughout the world"

    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
    Approves of CEO

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

    Pros

    Industry leader, strong sense of community

    Cons

    Business needs to be a little more aggressive in terms of retaining leadership