Bloomberg L.P. Global Data Analyst Reviews | Glassdoor.co.uk

Bloomberg L.P. Global Data Analyst Reviews

Updated 22 Dec 2019

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4.0
71%
Recommend to a Friend
92%
Approve of CEO
  1. "Good place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Global Data Analyst in London, England
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great training, employee benefits, flexible working times/holidays

    Cons

    Sometimes the job gets very repetitive

    Bloomberg L.P.2019-12-22
  2. Helpful (4)

    "Good name on CV; Learn basics of markets"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Global Data Analyst in London, England
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at Bloomberg L.P. full-time for more than a year

    Pros

    - Young, fun workforce - Opportunity to learn how different market participants use Bloomberg and its data - Learn how to use the terminal - Potential to work on products that can be later rolled out to terminal users (although much of this work is tedious) - Decent starting salary

    Cons

    - Work Split: There are 2 broad areas of work , operational and project work. At interview the managers will tell you that the rough split of the work is 50/50, whereas in reality it is closer to 80/20 in favour of manual, boring operational work. - Boring: This job was not engaging. Much of the work is comprised of reading documents and entering details into a screen, or checking the details entered by a different analyst are indeed correct and filling out a checklist. Aside from this, a huge amount of time is spent manning the Bloomberg Helpdesk, where you spend your day dealing with compaints or queries about the data from Bloomberg users - Project work: When you are not doing operational work, the "projects" that are undertaken are often little more than ad-hoc data validation/correction required by another department or business unit. As a "data analyst" you are often tasked with manual data checking or cleaning, which is dressed up as you playing a key role in a very valuable project that is vital for the business. Generally you end up doing tonnes of work that nobody else wanted to do, to unrealistic deadlines, while management with little knowledge of the product push you for deliverables. - Management: Far too often the managers at the firm are simply people who joined the firm at entry level and have stayed with the firm for a long time and gotten promoted due to loyalty. Frequently I felt that the managers' knowledge of the product and work that analysts do was lacking, and often placed too much emphasis on simple metrics of productivity (such as workitems completed, helpdesk tickets managed) and as a result neglected complex work and encouraged selective work to maximise metrics - Pay: The base salary is decent for a graduate (although working 8-6pm means that per hour its not too impressive). However, the bonus and pay progression are very bad. After my first year I received a 3% bonus and 3% pay rise, whilst my peers at other firms in the industry were receiving closer to 10% increases and bonuses. When I challenged management on this they couldn't justify the poor progression and tried to explain it away using excuses like budgets and market conditions. Further to this, if you move internally and receive a payrise, you do not receive the payrise until your next annual review is complete. This means that if you move to a more senior position 1 month after a review, you do not get paid more for another 11 months. Nobody at the firm was able to give me a reasonable answer as to why - Progression: There are very few opportunities to progress at the firm

    Continue reading
    Bloomberg L.P.2019-11-19
  3. "Friendly, international and intellectually stimulating environment"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Intern - Global Data Analyst in London, England
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Bloomberg L.P. for less than a year

    Pros

    - Really diverse and international workforce - Steep learning curve regarding finance and technical knowledge - Provision of training from experienced experts - Flexible career path - Free food, snacks and drinks at the pantry throughout the whole day

    Cons

    - Relatively early start of the day (8AM)

    Bloomberg L.P.2019-09-06
  4. "Insightful, Practical and Impactful"

    StarStarStarStarStar
    Former Intern - Global Data Analyst 

    I worked at Bloomberg L.P. for less than a year

    Pros

    Shows you unadulterated view of the workplace. Hands on experience on delivering projects that will improve the team. Good feedback system to make sure that you are constantly growing as well.

    Cons

    Due to the size of the institution, it sometimes hinder inter-team or inter-country communication. Will be much more interesting if we have in depth understanding of the systems in other countries.

    Bloomberg L.P.2019-09-06
  5. "Amazing summer at Bloomberg"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Intern - Global Data Analyst in London, England
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Bloomberg L.P. for less than a year

    Pros

    Caring environment - you feel welcome and listened to. HR are very communicative and make sure that you have all the information you need before and during your internship. Global Data as a department is very international and diverse, and you meet people from all degree backgrounds. The projects you get to work on are interesting, and there is flexibility for you to propose and work on your own side-projects. Overall, the internship was a very good experience, and I would recommend it to everyone interested in finance and technology.

    Cons

    For some teams, the daily workflow tasks are rather manual and repetitive.

    Bloomberg L.P.2019-09-06
  6. "A lot of learning opportunitites"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Global Data Analyst in London, England
    Recommends

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

    Pros

    Pantry, lots of events and opportunitites.

    Cons

    long hours, can be a bit boring

    Bloomberg L.P.2019-07-03
  7. "Good to kickstart career"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Global Data Analyst in London, England

    I worked at Bloomberg L.P. full-time for more than a year

    Pros

    Good work environment and nice colleagues

    Cons

    Long hours, rather low pay

    Bloomberg L.P.2019-06-25
  8. "Good entry level"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Global Data Analyst in London, England
    Recommends
    Positive Outlook
    No Opinion of CEO

    I have been working at Bloomberg L.P. full-time for more than 3 years

    Pros

    Good training and development

    Cons

    Lack of career development

    Continue reading
    Bloomberg L.P.2019-06-11
  9. Helpful (2)

    "Great Company!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Global Data Analyst in London, England
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Working Hours, Benefits, Low-Stress, Great Colleagues, Training

    Cons

    Limited Room for Growth, Low Transparency, Uncertain Success Criteria, Mismanagement

    Continue reading
    Bloomberg L.P.2018-10-03
  10. Helpful (22)

    "Global Data Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Global Data Analyst in London, England
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at Bloomberg L.P. full-time for more than a year

    Pros

    - pay was very competitive - reputable name - free food in the pantry - modern office (London)

    Cons

    The work is excruciatingly mind-numbing. This is not data analysis, it's data entry. 3 types of candidates are hired for Global Data: 1) finance background - will quickly become bored because you're actually doing such a pigeon-holed task and only feel fulfilled by looking at the news or other parts of the terminal during free time 2) other educational background - these people are hired because of their language skills, which is one of the more important attributes for employees (need to read data points in every country); these people tend to stay the longest because they realise there aren't better-paying jobs elsewhere for their skillset. Other employers in The City are smart enough to know these people don't have transferrable skills from Bloomberg in finance 3) tech educational background - these types of people are increasingly being hired, and unfortunately are given tasks far below their technical capabilities. Suggestions for improvements fall on deaf ears and get muddled in politics. Innovation is led from NYC anyways. Don't be fooled by their pitch about machine learning, cutting edge tech opportunities, etc In the end, complacency will keep a certain % of employees because the pay is quite good, for the work being done. Note on other common entry-positions: While everyone says Global Data > Analytics because of less stressful workflow, at least Analytics has opportunity to move into Sales, where you can feel less like a lemming (and earn more money). A word of caution- you will need to embellish the responsibilities you had while at Bloomberg, once you get fed up enough and decide to interview for opportunities elsewhere.

    Continue reading
    Bloomberg L.P.2018-05-15

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