Bloomberg L.P. Employee Reviews about "long hours"

Pros

- Great benefits. The health insurance premiums are 100% covered. Low out-of-pocket doctor visitation fees. Six months maternity leave. 50% 401K match. - Competitive entry-level salary. Everyone in your starting class starts with the same wage regardless of going to an Ivy League or a state college. Catered lunches and dinners (depending on the office location). - WFH stipend to cover equipment expenses. - Daily COVID commuter allowance to travel to and from the office via Taxi, Rail, or Subway or cover parking fees. - Pre-COVID, when they hosted their annual company picnic, it was a great experience. Calling it a "picnic" is an understatement. It's more of a festival/carnival experience. - Great internship and externship program. - The company has improved D&I by hiring more diverse full-time employees and interns compared to previous years. Bloomberg tries to recruit from a variety of colleges across the country. Some schools I've never heard of. - The company makes Philanthropy a top priority and has partnerships with an array of non-profit organizations

Cons

Wow, where do I start. Diversity: The company struggles to retain diverse talent, particularly among Black employees. Bloomberg promotes young white employees to Team Leaders who lack the emotional intelligence to lead a diverse team. Many Black and Brown employees get passed over for promotions that have the job's leadership skills, work ethic, knowledge, and emotional intelligence. Equity: Black and Brown's employees are underpaid. As an entry-level candidate, while you may start with the same salary as your peers after your first end-of-year review, that's when the pay gap starts. Bloomberg does not disclose their data on employees' wages, b. Still, some colleagues are transparent with one another, so it's easy to find out who's making more, and most of the high earners are white men and white women in second place. Inclusion: They do a poor job of informing employees of all the leadership opportunities within Analytics. On some occasions, you'll walk into work the next day and find out a co-worker was selected to lead a campaign or selected as a point of contact for a specific product or promoted to Deputy Team Leader (assistant Team Lea. There wasn't an interview or application process present to give everyone a chance to apply. It was handed to them (favoritism and white privilege)! Limited Career Progression: Bloomberg's management hierarchy is flat. Meaning leadership positions are limited to Deputy Team Leader, Team Leader, Department Manager, Regional Manager, Global Head, and then there is the Management Committee where Michael Bloomberg sits on. The management committee comprises white men and women (mostly men) who are old and conservative, and they wonder why they struggle with retaining Black and Brown talent. The same managers hold leadership positions year after year. The same managers are promoted unless one of them quits, gets fired, or transfers to another department. They rotate them from one role to the next. Lack of Technical Transferable Skills: Bloomberg wants to be the Google or Microsoft of Financial Data Software. Meaning 98% of the tools you'll use in Analytics are specific to Bloomberg. You're a Product Specialist. There is nothing wrong with that, but that's not how the role is presented. A lot more companies use Google and Microsoft compared to Bloomberg's software known as the "Terminal." Unless you plan to work at Bloomberg until you retire and stay in one department, it's more advantageous and attractive to employers if you know how to use other software such as Salesforce, Tableau, or SaaS and programming languages such as SQL or Python. Strict Work Schedule: Analytics is a queue-based role. You must be in queue precisely at your start time, and your lunch break is assigned to you. If you're assisting a client and it's time to go to lunch, you must finish helping the client before you can go to lunch so sometimes, you'll only get a 30-minute break. Work-Life Balance: Even though Analytics is a shift-based role, you'll constantly find yourself working long hours to catch up on client requests or studying to pass an exam. Some of the exams are stupid and the information is useless outside of Bloomberg. You're also required to work some weekends and holidays. The company is open all year round. Performance metrics: It's a numbers game. It's either you hit your target or didn't. They don't care why you didn't hit your target regardless of if the issue is with their workflow. If you're white and a butt kisser, they'll look past it. You're also ranked against your peers, which isn't always fair because they will evaluate an employee who's been in the role for only six months against an employee who's been in the same position for two years. The knowledge and experience are not on the same level. Resistance to Adopt WFH Culture: Bloomberg thrived during the pandemic. The company's revenue increased. Their employees kept the company running while dealing with a deadly virus, parents had to juggle work and virtual school and civil unrest across the country, and how did they repay them? By giving all employees a four-week notice to return to the office three days a week. If you moved out of state and couldn't comply, you were let go or had to resign. Depending on your Team Leader or manager, some will give you a hard time if you can’t make it in three days a week regardless of if you can get the work done from home just the same. The company eventually plans to resume employees coming in five days a week.

Pros

You will learn a lot and work with very friendly and kind people.

Cons

The structure is a mess. It is very difficult to figure out who does what within the company. You will work long hours, sometimes weekends. The commute can be a pain. Some managers can be difficult and aggressive. Some employees will have an air of entitlement and some days egos will be flying all over the place. Very limited opportunities for upward growth or forward mobility. Health insurance could be better, the options are limited.

Pros

The hours are really light People will know the company. If you enjoy the gratification of that then it's a pro

Cons

Terrible place to start your career. Exit opps are minimal, as you do not have finance experience or real sales experience. You will have to really grind to get out, most intelligent people that got trapped here I saw it take upwards of a 12 months. People will always say you can go work for a client, never saw that happen. You will be extremely micromanaged and your metrics will be based on how many calls you make to clients and if they adopt a function. If you picture yourself calling people all day while they try to do their job to tell them there's a new feature (like right-clicking an instant message to reply directly) as a career, then you will love this job. If you would like to think independently, work in a challenging environment and use your brain a few times a day do not work here. Pay is brutal you will be servicing clients who out of school are making 1.5x you. Your coworkers will tell you that the clients job is going to be automated or is long hours and Bloomberg is a way better spot to work. Usually said coworker is just complacent or unintelligent (plenty of both around). If your options are Northwest Mutual or Bloomberg, I guess take Bloomberg.

Pros

High-quality journalism, career opportunities, great pay and benefits for the news industry, collaborative environment

Cons

Long hours and high pressure at times; hierarchy of reporters in which "stars" get to do what they want/work on prestigious projects while other people do more thankless reporting that feeds the terminal

Pros

Good experience and great ppl

Cons

Long hours and unclear directions at times

Pros

Great place to work Talented work force Team collaboration Career development Great pay and benefits

Cons

Long hours Old tech (some places) Different culture from other tech companies Too much focused on delivery