Bloomberg L.P. - If you're on the right team, Bloomberg can be very rewarding | Glassdoor
There are newer employer reviews for Bloomberg L.P.
There are newer employer reviews for Bloomberg L.P.

See Most Recent

Helpful (4)

"If you're on the right team, Bloomberg can be very rewarding"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Financial Software Developer in New York, NY
Current Employee - Financial Software Developer 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

- If you land on the right team, there is a lot of flexibility and great work-life balance. Fortunately, the percentage of the "good" teams is growing steadily, especially within the Derivatives and Infrastructure departments of R&D.
- There are a lot of opportunities to grow professionally, but you need to forge your own path.
- Very intelligent colleagues, great ideas
- Free snacks and drinks/juice all day everyday
- Excellent compensation and benefits

Cons

- A lot of red tape (as with many large and successful corporations), meaning that great ideas need a lot of persistence to really take off, or else they will be swept aside for the next money grab enhancement.
- Some old technologies and implementations are so established that they're tough to supplant with smarter/faster/newer ones.
- Open floorplan. While it fosters collaboration, concentration is very easily broken

Advice to Management

- Within R&D, strive towards increased flexibility (already in the right direction)
- Allow more "hackathons" and side projects that can expedite the launching of excellent ideas from employees

Other Employee Reviews for Bloomberg L.P.

  1. Helpful (7)

    "Avoid if at all possible."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Developer in New York, NY
    Current Employee - Software Developer in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Nice building, nice fish, free snacks, good benefits, socially conscious, stable job.

    Cons

    There are those that love it and I can only speak from my own experience, what you find will vary greatly from team to team. What I found is absolutely no career path or advancement potential of any kind for technical people, You are a "programmer bee" and that's the extent of what the company wants/expects from you. Much of the work is tedious and menial, there's a fanatical dedication to proprietary tools and methods (which as an experienced senior hire I really wasn't impressed by), no project management, poor planning. It's a stifling, oppressive place that cripples all their best, most creative people. R&D is a massive sweatshop that relies on an constant stream of incoming H1Bs and fresh college grads they can get to before they learn anything that might make them attractive to another company. All in all I'd say that if you're an experienced programmer with skills in legacy systems, or a recent college grad that can't find work, or you need the stability and benefits to support your family then it might be worth it.

    Advice to Management

    Reconnect with some of the people developing your product, there are some really talented people there but your own polices and practices make it impossible to get real results. Get that terminal out of the 80's before a real competitor emerges. Focus less on programming and more on development of your core product(s). Involve them in the decision making process, you'll be surprised that they know more than you think.


  2. "Great place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Sales Representative in New York, NY
    Current Employee - Sales Representative in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Benefits, people, teamwork, building and quality of product

    Cons

    Individual recognition in team atmosphere

    Advice to Management

    Keep it up!

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

See Most Recent

Work at Bloomberg L.P.? Share Your Experiences

Bloomberg L.P.
  • Star
  • Star
  • Star
  • Star
  • Star
 
Click to Rate
or