Bloomberg L.P. - Fast pace company | Glassdoor
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There are newer employer reviews for Bloomberg L.P.

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"Fast pace company"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Team Lead in New York, NY
Current Employee - Team Lead in New York, NY
Recommends
Neutral Outlook
Approves of CEO

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

Pros

Very fast pace company. Perfect for go-getters. Salaries are competitive with good benefits. People are friendly. You interactive with many people through out the day. There is never a dull moment. Free sodas and snacks.

Cons

Work load is crazy. Most people are overworked.

Advice to Management

Do only the important things instead of trying to do everything

Other Employee Reviews for Bloomberg L.P.

  1. Helpful (1)

    "Was once fantastic, now its mediocre"

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

    I have been working at Bloomberg L.P. full-time (More than 10 years)

    Pros

    -Work with latest technology
    -Opportunities to get MBA & Cisco/Juniper/Linux certifications
    -50% match on 401K
    -Good health & dental package
    -Since 2007 raises & bonuses have been a joke
    -Good company name to have on your resume
    -Good vacation days after 10 years

    Cons

    -Terminal sales dead last two years and bonuses & raises are below inflation.
    -Management more interested in hiring from outside rather than promoting from within
    -Any promotions are usually political, if you are friendly with Bloomberg or the COO.
    -Metrics flawed, judging talent on SDSK (ticket system) updates alone creates people who are good at updating their tickets - no one rewarded for going "above & beyond".
    -Lots of senior employees get transferred to an undesirable department (usually entry level like GTEC or GCUS) to get the senior employees to quit rather than fire them.
    -Newer employees (3 years experience) often chosen for management roles over senior employees (7-15 years). It seems like once the new guys get more chances than the established veterans.
    -It is very hard to advance in the company management unless someone likes you. The same people in middle management get rotated around to new roles and its hard to break in.

    Advice to Management

    Bloomberg used to be a meritocracy. Work hard & you were rewarded. Meritocracy died when "certain people" took over and embraced metrics. Metrics are good to weed out the good from the bad, but you aren't rewarding employees who are going above the call of duty. Bloomberg paid for top level talent, paying more than the average company for above average talent. What happened to that philosophy? Allow team leaders more flexibility in rewarding those employees that are working their butts off - and when raises are below 3% you aren't going to get employees motivated to work more than they are expected.


  2. Helpful (3)

    "Skip it"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    good benefits, free food, ok reputation

    Cons

    too many to list here

    Advice to Management

    stop trying to be a finance company. embrace technology

There are newer employer reviews for Bloomberg L.P.
There are newer employer reviews for Bloomberg L.P.

See Most Recent

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