There are newer employer reviews for Bloomberg L.P.

 

Very nice

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

I have been working at Bloomberg L.P. full-time for more than a year

Pros

You get to work with very very smart people. Salary is higher relative to most of the other firms except google

Cons

Very horrible training. You get fired if you dont have 80% in training, but actual job after training is very good

Advice to ManagementAdvice

Open R&D Office in other countries with different time zones. Nobody likes to wake up at night to fix things. It is also very necessary to not miss out talent in other countries if you want to compete globally.

Recommends
Neutral Outlook
Approves of CEO

1173 Other Employee Reviews for Bloomberg L.P. (View Most Recent)

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  1. 2 people found this helpful  

    One more hamster in a wheel...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Data Analyst  in  Skillman, NJ (US)
    Current Employee - Data Analyst in Skillman, NJ (US)

    I have been working at Bloomberg L.P. full-time for less than a year

    Pros

    Job security, learn some new things everyday if active, looks good on resume, free pantry, some nice and some very clever people.

    Majority of the jobs are, as somebody said, "middle class sweat shop" -type. They don't want any innovative thinking or world class abilities, and the jobs are pretty boring as is. Instead, you are supposed to keep your mouth shut, and run the outdated day-to-day process for less money than industry median managed by relatively incompetent management. Awesome option for people who search for a safe 9-5 day care, as B does not normally lay people off.

    Cons

    Poor salary, skills not transferable, many team leads are either inexperienced and/or not very bright, weak communication skills, normal 60-hour weeks are not justified due to low salary.

    The data jobs rely on non-transparent performance metrics and subjective manager evaluation, although transparency is one of the core values at B. Same applies to career prospects - there is no long term alignment of interest so that you would know that dedication and hard work will be compensated. Rather, you are offered horizontal repositioning to another same level job. Further, B is not a meritocracy - tenure over skills and abilities - which means that opportunity cost regarding staying at B for long term is far too high.

    In the beg. I did not mind about terminal being outdated. After a while though, it is frustrating that workflows are unnecessarily complex, buggy, user unfriendly, and 70% of your time you are working with menial tasks caused by these weak workflows. It helps if you are a 90's MS-DOS freak, as that is how the workflows still look like.

    Majority of the managers and team leads have mediocre skills/abilities or are outright dumb. Many employees have spent far too long at B, have lost touch with the changed labor market and/or industry, and are unable to recognize needed improvements even if served on a golden plate. Most employees have built their professional identity on the B's workflows, and unable to recognize or understand skills that new hires are bringing in from outside. They also have a major chip on the shoulder in case a new hire knows more, and you will be shot down really fast by telling how you don't know this and that workflow yet, as you have just started.

    Advice to ManagementAdvice

    - Been working at B for a less than a year and I am resentful already. Why?
    - Entire corporate culture is outdated. The world does not work top down anymore.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2. 1 person found this helpful  

    OK

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Bloomberg L.P.

    Pros

    Great code base to learn from.

    Cons

    Some of the in house software are out dated

    Advice to ManagementAdvice

    Accept newer technology more readily

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