Bloomberg L.P. - Fast-paced and open work environment - best company in new york city | Glassdoor
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There are newer employer reviews for Bloomberg L.P.

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Helpful (5)

"Fast-paced and open work environment - best company in new york city"

Star Star Star Star Star
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Data Analyst in New York, NY
Current Employee - Data Analyst in New York, NY
Recommends
Approves of CEO

Pros

Leader in:
News - most accurate news reporting in the world
Financial Markets - bloomberg moves markets on a daily basis
Data Analytics - hands-down best interactive data analytics
Sustainability - see the bloomberg 2010 sustainability report
Philanthropy - promotes philanthropy on all levels - adapted by mike bloomberg's greater devotion and commitment to philanthropy.
Benefits- Best health care coverage I've ever seen, best 401K package I've ever seen, 4 weeks vacation, free food/snacks, ongoing events on a weekly basis, the most awesome summer party, business class travel, access to wall street without the crazy lifestyle.
Compensation- 50% of your bonus is directly related to how well the company does - and the company is the fastest growing firm in NYC. Employees recieve ~70% of their Salary+bonus as a "bonus" in 2014 if they meet the $10B Revenue goal.
Career Development - new leader in career development with extensive bloomberg experience. She knows how people think and is developing career advancements among many groups.

Our President and Chairman are very interesting people coming from different backgrounds. I really like how we are moving away from our CORE product (terminal) and into other things trying to capture new customers such as Bloomberg Sports and Bloomberg Gov't/Law.

Cons

The company is growing very fast - things can get a bit disorganized.
Although we are a Data company, our data within needs to be cleaner.

You are never fully "done" with a project/assignment. You would work on something for weeks, and finally when you are finished, it comes back a day later and people ask for more. It's hard because you would either need to start over to include what they want, or completely drive yourself crazy including things that were not initially planned for. I just wish management knows what they want before handing me work, mostly because it's not easy always editing comprehensive reports just to change a few things, when the reports were designed for only specific metrics/data.

Once you are hired into a role (and are good at it), the common theme is that they will not promote you because they cannot backfill your role once you move up. From the looks of it, you will either be moving sideways (to a diff business unit), or you will be moving up (if you are even labeled as a successor for management roles).

Advice to Management

If your employees are your greatest assets, do as much as possible to keep employees happy. This means larger compensation (remember that a lot of folks who work here used to work in banks - they are actually taking a pay cut to work for you), and stress career development plans as much as possible.

Other Employee Reviews for Bloomberg L.P.

  1. Helpful (4)

    "a good name to put on your resume"

    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

    nice building, free snacks, good company reputation

    Cons

    middle management is mediocre at best, micromanage most employees, long hours with not many "thank yous" = little appreciation and little life/work balance, pride themselves on transparency but really only tell you what they think will show transparency, not expected to ask questions or the reason why behind concepts

    Advice to Management

    new middle management is needed asap, losing good talent!


  2. Helpful (8)

    "In the beginning (10+ yes) they treated you like you mattered but things sure have changed, now you are just a number."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Data Analyst in Skillman, NJ
    Current Employee - Data Analyst in Skillman, NJ
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Paid health insurance
    Free food and snack
    Cds

    Cons

    Inept group leaders think they are glorified managers but really have no experience managing people.
    No praise for a job well done or all the extra hours put in, instead pointing out all your weak areas with no help to improve.
    Giving out awful performance reviews just setting you up to fail and pushing you toward their chopping block.
    Awful human resource management - the are not there to help you but instead to back up the team leaders.

    Advice to Management

    Hire people to manage that actually have some experience in management. Take care of your employees and you'll see people that are happy to come to work and give 110% of themselves. Stop treating people like they are part of an assembly line. Go back to the way Bloombeeg intended to have his company run. You are losing good people over insignificant amounts of money and compromising people's health in the process!


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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