Bloomberg L.P. - Terse review | Glassdoor
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There are newer employer reviews for Bloomberg L.P.

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"Terse review"

Star Star Star Star Star
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Anonymous Employee in Skillman, NJ
Current Employee - Anonymous Employee in Skillman, NJ
No opinion of CEO

Pros

The location is good and there is a lot of great food, always. There is flexibility in working hours. Benefits are good.

Cons

Very proprietary technology. Old school management style and constant monitoring. Organization is a little too flat to provide much room for growth.

Advice to Management

N/A

Other Employee Reviews for Bloomberg L.P.

  1. Helpful (5)

    "Great compensation and environment, archaic technology"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    No opinion of CEO

    Pros

    The compensation and benefits for experienced hires at Bloomberg are very good. As a new employee you get four weeks of vacation. Bonuses are solid since the company has always been profitable.

    People are smart and there is a push to get things done quickly. There are many financial courses available for you to take after work, free of charge, so you can learn about financial instruments.

    The environment is fun to work in because it's modern, lively and dynamic. The stunning, modern building could be part of a movie set. There are lots of opportunities to volunteer with your colleagues at group events and the pantry is always stocked with free food and drinks.

    Since the Bloomberg terminal is used throughout the financial community, you may have opportunities to connect with people at other financial companies. Bloomberg, as a company, is well regarded in the financial community.

    Cons

    The Bloomberg terminal is pretty awful to use and management has no desire to change it significantly since there are lots of old time Bloomberg users who don't want it changed. If you enjoyed using computers in the 1980s, you might like the terminal.

    There are no cubicles, only an open expanse of desks. Things get noisy, so it's hard to concentrate much of the time and anyone can see what's on your computer screen. The environment is such that you always feel like you're being watched and controlled. Your clock-in and clock-out times are prominently displayed on the Bloomberg terminal when someone searches for you. There is a culture of working long hours and while you get lots of vacation time, there are subtle ways where it's implied that you shouldn't be taking vacation.

    Teams don't necessarily have any incentive to work with each other. If you're put on a project and have to work with another team, sometimes the managers can get protective of their turf. It's more about competition than cooperation. I've heard Bloomberg described as groups of factions battling each other to get a job done. There's some truth to that description.

    Advice to Management

    Upgrade your technology and make the Bloomberg terminal work like modern computers. Treat employees more like mature adults than children that need to be micromanaged, and have confidence in your employees to make decisions without constant oversight.


  2. Helpful (4)

    "OK for a while, boring in the long run"

    Star Star Star Star Star
    • Work/Life Balance
    • 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
    No opinion of CEO

    Pros

    Non work related: the pay is pretty good, the building is fancy, they have free drinks + snacks. There are a lot of outside of work activities that are not only offered but also strongly encouraged, such as donations, food/backpack drives, gardening, etc. Also, there are lots of free tickets given out to cool events in the city that you would otherwise never have access to.
    Work related: you get to work on projects that affect a lot of people, and depending which group you land into you may love the work you do. The management is less "flat" than what I was told it was like when I joined (early 2009), but there are definitely fewer hierarchical barriers than at most other places.

    Cons

    Bloomberg has tons and tons of legacy code, mostly in Fortran and C, and to add insult to injury, it's rarely commented/documented/explained in any shape or form -- when you make a function call, you often enter magic land. While there are no new Fortran files (company policy), you will almost certainly have to at least look at lots of Fortran in debugging it, and you may need to make code additions for bug fixes.
    Bloomberg is a fast paced company (due to it being driven by Finance), but this means that you focus on getting the final product done ASAP -- which can be exciting -- but rarely will you get the chance to take time and properly design and develop a product, or refactor old code that, while not technically broken, is inefficient.

    Advice to Management

    Please make active efforts to reduce technical debt in the code. Even if it's not broken, it's killing us all slowly to have to deal with it (at least, all us programmers), and it's adding time + money to our projects to have to deal with legacy hacks. If you reduce technical debt, you won't see a payout this year, but you will thank me 5 years from now.

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

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