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Bloomberg L.P.

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Bloomberg L.P.

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Bloomberg L.P. Employee Reviews about "work life balance"

Updated Nov 3, 2021

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Found 143 of over 5,975 reviews

4.1
81%
Recommend to a Friend
88%
Approve of CEO
Bloomberg L.P. Founder Michael R. Bloomberg
Michael R. Bloomberg
2,336 Ratings
Pros
  • "Endless snacks and free food in pantry(in 420 reviews)

  • "great benefits for all employees(in 353 reviews)

  • Cons
  • "Long hours (expected in the industry)(in 256 reviews)

  • "Not great if you want to have good work life balance(in 143 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

    What people are saying about Bloomberg L.P.

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    Career Pivot

    9m

    works at 

    Bloomberg

    Looking to pivot from Sales at Bloomberg to Management Consulting/Change Management Consulting in the NYC area. 4 years working experience. Certainly open to Big 4 firms, but also to boutique consulting firms. Looking to connect with someone who has pivoted from Sales to Consulting, or someone who is willing to provide insight into their Consulting role as it pertains to the type of Consulting roles referenced above, or provide a referral. Thank you!

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    This rating reflects the overall rating of Bloomberg L.P. and is not affected by filters.

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    Reviews about "work life balance"

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    1. 5.0
      Former Employee, more than 3 years

      a review from former bloomberger

      Oct 28, 2021 - Graphic Designer in New York, NY
      Recommend
      CEO Approval
      Business Outlook

      Pros

      a fully stocked pantry, don't need to run out for coffee

      Cons

      given too much work, no work life balance. unsympathetic when raised.

      1 person found this review helpful
    2. 2.0
      Former Employee, more than 1 year

      Read This Before Working In Analytics

      Nov 3, 2021 - Senior Product Specialist in New York, NY
      Recommend
      CEO Approval
      Business Outlook

      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.

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      17 people found this review helpful
    3. 5.0
      Current Employee, less than 1 year

      Great Salary, benefits, and perks. Tough WL balance

      Sep 1, 2021 - Financial Analyst in New York, NY
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Free lunch, full benefits, free ubers to and from during covid.

      Cons

      Work life balance is tough, might have to work weekends and holidays

      Be the first to find this review helpful
    4. 1.0
      Current Employee, more than 5 years

      Does not value employees

      Jul 20, 2021 - Human Resources Specialist in New York, NY
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Snacks, benefits and depending on team - great people

      Cons

      Toxic culture, no work life balance, inflexible, limited opportunities to advance career, unequal pay across teams Lack of diversity, equity and inclusion especially as you look at upper management Poor management staff with limited “leaders” Too much Micro-management from leaders

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      8 people found this review helpful
    5. 5.0
      Former Employee

      interview of data analyst

      Jul 23, 2021 - Data Analyst 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      fluent english, requires data background grads

      Cons

      great environment, work life balance!

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    6. 2.0
      Former Contractor, more than 1 year

      well paying hell for your soul

      May 16, 2021 - Software Engineer in New York, NY
      Recommend
      CEO Approval
      Business Outlook

      Pros

      compensation is good. Except, even that is mediocre considering the long hours. Good brand name to get on your resume and quickly get out before you get your spirit amputated.

      Cons

      horrendous work-life balance. Over-the-top fake-smiling, virtue-signaling BS rah-rah sweat shop packed with outdated poorly designed/coded proprietary tech that needs constant support and maintenance. Leadership, including technical leadership sucks and always too busy hiding in never-ending meetings in order to avoid doing the actual work. Product owners are clueless and just parrot word-for-word "bright ideas" from above.

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    7. 3.0
      Current Employee, more than 10 years

      Great company, less flexible though

      May 29, 2021 - Senior Relationship Manager in New York, NY
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great company, very generous with benefits, office clean and beautiful. Salary competitive

      Cons

      Culture is rigid, Work Life balance is not flexible at all, Sales forecasts sometimes unrealistic, constant management changes.

      Continue reading
      1 person found this review helpful
    8. 2.0
      Former Employee, more than 1 year

      Poor marketing culture, poor leadership

      Jan 27, 2021 - Marketing Manager in New York, NY
      Recommend
      CEO Approval
      Business Outlook

      Pros

      the company is great and has alot to offer.

      Cons

      leadership across the board, poor work life balance everyone is watching your badge in and out.

      2 people found this review helpful
    9. 5.0
      Former Intern, less than 1 year

      Great Company, Gret Interview Process

      Oct 1, 2020 - Communications Intern in New York, NY
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Lots of perks like snacks, nice office, great pay

      Cons

      Stressful finance environment, no work/life balance

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    10. 4.0
      Former Employee

      High stress but rewarding

      Jan 14, 2021 - Senior Software Engineer in New York, NY
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Benefits, compensation, volunteering, learning, collegues

      Cons

      Stress, too much work, work life balance

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    Viewing 1 - 10 of 143 Reviews

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