Bloomberg L.P. - Stable company, decent pay | Glassdoor
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There are newer employer reviews for Bloomberg L.P.

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"Stable company, decent pay"

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

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

Pros

Bloomberg has a very systematic approach to sales. If you are able to conform to the Bloomberg way, you can succeed. There are multiple opportunities to learn about other areas of the business and with the media/news arm, it gives finance people exposure to a different industry. The benefits at BBG are fantastic.

Cons

The grading system is very rigid here. If you are an out of the box thinking or an independent type of employee who does not like guidance, this may not be the place for you. The company rewards loyalty over intelligence and hard work. Managers have too much power here. There is not a lot of work/balance life as the company likes to advertise. Some "lifers' feel comfortable taking "work from home" days but generally its frowned upon and you are expected to be in the office as if you are working on the clock.

Other Employee Reviews for Bloomberg L.P.

  1. Helpful (7)

    "Emperor's New Clothes"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Like everyone else says, free food, good health care, decent location in NYC, lots of vacation time (which you will need every second of).

    Cons

    Where to even begin? Do not join, unless you must:
    - 1984 Orwellian style fear based management. You are literally being spied on.
    - Team Leads who generally tend to be 22 years old and incompetent. They prey on young kids because they can mold them and they are too inexperienced to know they are being manipulated. Ever wonder what it's like to have an ivy league degree and10 yrs experience and be told your new boss just graduated from some community college in NJ and has six months experience? Work here if you'd like to find out.
    - Churn and burn. Every year they have to have a new crop of analysts coming in to replace the people that quit. In the past 6 months, half my team has left. Some even left having nothing else lined up.
    - They simply do not want to accept that no one is going to pay 20K/yr for a terminal that looks like it is from 1980. Why should they when most of that data is free?
    - Rather than berate their employees for violations such as not showing a positive attitude in the face of declining sales, they should instead spend that time checking out the competitors that are about to eat our lunch. Even the mainstream press has picked up on this.
     - It is a fact that many top banks no longer use the terminal. Not least because they discovered Bloomberg was spying on them thru the terminal. This information can be freely found doing any basic web search. That giant whooshing sound is the sound of customers leaving. But the management is asleep at the wheel and their response is to focus MORE on the terminal. Heard of the Emperor's New Clothes?
    - Apparently their HR dept spends much of their time writing fake reviews because in my time hear, I have never heard anyone speak so highly of this company. Unless they are heavily medicated from the stress of working here.

    Advice to Management

    None. You don't care that you are putting this place out of business.


  2. Helpful (4)

    "Oppressive "culture" and toxic environment"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Account Manager in New York, NY
    Current Employee - Account Manager in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    +Stable/safe company with exceptional benefits
    +Good place to learn and start your career

    Cons

    -Mandatory, long hours for busy work (8a - 6p); lots of posturing
    -Arrogant upper management: everyone is interchangeable and no employee has unique value= low job satisfaction and high turn over
    -Micro management culture, managing to the lowest common denominator via inept 'leaders'
    -Highly bureaucratic organization with lots of meetings, red tape and lack of independent thinking
    -Extremely competitive, high pressure environment with too much in-fighting and politics and too little pay off

    Advice to Management

    Adapt, the high growth years are over. Giving people free snacks doesn't make them more loyal. Treat employees with more respect and you will maintain smarter, more loyal employees.

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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