Bloomberg reviews

4.0

79% would recommend to a friend

(8,239 total reviews)
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Michael R. Bloomberg and Vlad Kliatchko

85% approve of CEO

73% positive business outlook

Bloomberg has an employee rating of 4.0 out of 5 stars, based on 8,239 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Bloomberg employee rating is in line with the average (within 1 standard deviation) for employers within the Information Technology industry (3.9 stars).

Reviews by job title

8K reviews
4.0
Dec 5, 2015
Recommend
CEO approval
Business Outlook

Pros

- Benefits. The benefits are comparable/sometimes even better than other large tech companies like Google/Facebook. Aside from the pay, there's free food, free premium health care, extremely high 401k matching, and a very relaxed (yet fast for a large company) culture. Aside from the mentioned, experienced hires receive financial advisers and lawyers for extremely low cost (around $16 a month I think?). Oh, and a minimum of 4 weeks vacation and unlimited work from home/sick days. - Transparency. This is one of the biggest advantages to this company over others. You can literally view any Bloomberg code you want at any time you want. The only restrictions in the company are really the law branch (for obvious reasons). Everything is out in the open, and this lets work complete significantly faster than other companies of this size. - Culture. While maintaining competition, coworkers are generally all extremely helpful and come from some impressive backgrounds. I've yet to come across anyone that's not willing to help out at all. At most, I've had helped deferred due to an urgent issue, but I've hardly run into any instances where I've failed to receive help. - Management. Not much to say here other than I have never worked with a company of this size having this type of technical expertise...ever. I can comfortably speak about C code to management two levels above me without any communication issues because they've all been through as a C/C++ developer at some point.

Cons

- Career Opportunities. Now this depends on individuals' goals, but from coming from a small company in the financial industry, I've found that opportunities here are very limited. After you've worked in the industry for some time, projects complete, and they turn into maintenance mode (aka "keeping the lights on") in the company. This is very necessary evil since once functions complete, support needs to remain for the function, but this lowers the amount of meaningful work that can be done. Those that want to change things up will generally be pointed towards the direction of management. - Challenges. This expands on the above point. Unfortunately, the amount of challenges in this company are very limited. The problems can be difficult, but with the wrong reasons. This includes challenges from compliance, poor design, and complex internal architecture. There's significantly less "fun" challenges in the work compared to a startup or smaller shop. This can lead to some days that feel terribly long due to working on mind-numbing tasks. All companies will have these tasks, but Bloomberg seems to have a lot more do to their extensive use of proprietary tools. - Legacy technologies. Bloomberg is involved with "modern" technologies like Hadoop/HBase and Redis, but a very large portion of the foundation software is still C++98 (with a Bloomberg Standard Library to cover some of the C++11 features), but the technology lags behind significantly due to all the dependencies in the software.

1.0
Jul 15, 2024
Recommend
CEO approval
Business Outlook

Pros

Snacks, nice office building, convenient location (731 Lexington)

Cons

1. Extreme favoritism - this will be a dead end job for you unless management likes you. You can play the game and kiss-up to your leaders but make sure the career path is worth it first. 2. Role progression is not tangible for everyone. The goal post changes every season. You’ll get to Sales when they want you to go to Sales. If they don’t want you to go, management will make sure of it despite your efforts. 3. Prejudice. I was in the department for two years. People of color don’t receive promotions that often and they’re some of the hardest working in the department. I mean it. Worked alongside many of them and they were great. Pray your direct leaders are neutral, goal-oriented people and not biased power trippers. 4. Micromanagement. It’s disgusting. You pretty much have to document every reason you’re not engaging with a client. Yes, management checks this. Doesn’t matter if you’re overwhelmed, pick up the phone and call because now you have a new metric that tracks how many people you call per hour. Oh, doesn’t matter if you have a bunch of angry traders cursing you out. Skip that person and move along! Leadership will watch the little things like how often you’re on “hold” or see what time you badged in if you’re over a minute late. Just nonsense to make you uncomfortable. Seen, heard and experienced.

1.0
Mar 23, 2024
Recommend
CEO approval
Business Outlook

Pros

Basically the only pros are - Snacks and health insurance

Cons

I had one of the worst experiences ever at this job. Please do yourself a favor and read this carefully before considering this position at Bloomberg. This is NOT a finance job. You will be mostly learning about the terminal and don’t be fooled by the title “financial product analyst”, you will spend your entire day taking 3 chats to stop, you keep getting one after another. People will look at you weird when you get up to take a bathroom break. If you spend anything more than 10 minutes, you will need to message your manager. Most of the time you will be working past your lunch time because trust me, you will get stuck in chats and they won’t give your lunch time back. Managers are rude and you humiliate them at any chance. You will be taking 60-70 chats a day and they will read these chats, only to choose the one you didn’t reply to the client within 5 minutes - because most likely you will be stuck in 2 other complicated chats helping rude clients. They will mark you down for “product knowledge”, and your metrics will start to sink only so they can say that you are not performing well. Your mental health at this point is already going downhill. The department has a weird vibe, no one talks to each other, and even so, they require you to come to the office 5 days a week for your first 6 months, then 1 day a week remote, which will most likely end soon. You will start realizing how sad people look trying to keep it together and pretending that things are ok. They talk about “collaboration” and the truth is no one will help you. You’re on your own. They preach “unlimited sick days” but don’t be fooled. They will shame you if you need more than 3/ 4 days in a year. The company will fool you with snacks, and a pantry. They talk about diversity but you will see that most of the people they hire are white dudes fresh out of college. They do that so they can manipulate people who don’t have experience working elsewhere. Many people I knew there were on antidepressants. Leadership is toxic and trust me, they do not care about you. They will promise you can go to sales within 9 months, but I know people who have been there for 2+ years and management tells them the reason they are not going is because they are not “performing well”. You will start believing you are not good enough. Please reconsider thinking before taking this job. You won’t be improving any skills that you can apply elsewhere. You will be babysitting angry clients and teaching them how to behave. Sometimes you will be dealing with 3 chats and still have to call the client if they ask. You will be marked down if you don’t offer to call a client. You will be marked down for anything. They talk about transparency, but they will pick their favorites on the team, and give them a 10k raise, when others get nothing just because they are quieter, and don’t waste their time pretending they belong to that bubble. Your job will be troubleshooting things that NEVER work. The terminal is very laggy and most of the time the functions don’t work for clients you will be their customer service platform so they can take all the anger on you. People do go to the bathroom to cry! I have seen it multiple times. It’s so sad to see young adults with that stress level. Overall, this is not a finance job, you will be working at a help desk taking 3 chats at the same time with people yelling at you. No work-life balance. Run my friends, just run!

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