Reader Beware - Business Product Oversight Analyst Bloomberg Employee Review

1.0
11 Jan 2023
Recommend
CEO approval
Business outlook

Pros

-good benefits -a company name to leverage when applying elsewhere

Cons

While I don’t discourage people from joining this company, join with your eyes open. I have particularly encouraged POCs who have recently migrated here to apply because BBG pays lip service to caring about diversity. The reality is they hire demographics they believe won’t advocate strongly for themselves so that they can chronically underpay and overwork them. More on that later. Now…especially if you’re new to this country, BBG is a nice name to have on a resume. It can quite easily be leveraged to find a much better paying position elsewhere (something I have recently done myself). Besides poor pay that can be described as anything but transparent, management is both brazenly incompetent and boldly egotistical. Management has so little to do, you’d imagine they’d advocate for their team, assist in networking or professional development, and while some do, most do not. Management, in my experience, so poorly did their jobs that when held to account they failed miserably and passed off blame to other willing (or unwilling) underlings. I refused to be a patsy and was penalized for it. This company has lost several class action lawsuits pertaining to labor laws and I’ve raised a case myself as they are still engaging in shady business practices, betting on the ignorance or timidity of its employees. Pay is poor both by tech and finance industry standards. When promoted, you’re told it’s viewed as a “horizontal move” and that your pay will be evaluated next cycle. If you move in January, you won’t have a review until the next year. You may get a slight bump but nothing meaningful and you will always be in the bottom pay bracket of that group. As mentioned, this company loves to say it cares about diversity. I worked on the help desk as a multilingual help desk aide. The work is mind numbing and demoralizing. I graduated with an Ivy League education and felt like a damn fool troubleshooting keyboards. While no one is above hard work, hard work and talent should be recognized. I was born here and noticed that individuals who speak without an accent were treated better, with more leeway and respect than individuals who have an accent. Upper management is almost entirely old and white and the worker bees are ethnic. A colleague had a conversation with management and was told by a global head she prefers individuals who appreciate opportunities and don’t think they’re above the work, people who don’t come from Duke or Clemson or families with resources, people who look more like him (brown, first gen). It couldn’t be plainer. They seek out individuals who lack industry experience and undersell them on the merit of their own abilities to continuously underpay them. Despite the bad taste this company left in my mouth, I still actively promote it and encourage people to apply. It was very helpful when I applied elsewhere and looks prestigious. The fact it’s a private company means you can really make the job whatever you want it to be. If offered a job, especially if you’ve fallen on hard times, take it. Don’t expect it to be a career. Use it as much as they will use you and move on to greener pastures. Expect anything more and you’ll be sorely disappointed.

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Pros

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Cons

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Pros

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Cons

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