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Bloomberg L.P. Reviews

Updated 17 April 2018
2,689 reviews

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3.6
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Bloomberg L.P. Founder Michael R. Bloomberg
Michael R. Bloomberg
816 Ratings

2,689 Employee Reviews

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Pros
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More Pros and Cons

  1. "Greta company to work for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - TV Broadcast Director in London, England
    Former Employee - TV Broadcast Director in London, England
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Bloomberg L.P. full-time (More than 10 years)

    Pros

    Open minded company
    Great career progression opportunities
    Excellent staff perks from medical to free food and drinks

    Cons

    Can't really think of any, I was there for nearly 18 years and loved it, great people!

    Advice to Management

    Keep doing what you do


  2. "Great company!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Engineering in London, England
    Current Employee - Engineering in London, England
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bloomberg L.P. full-time (More than a year)

    Pros

    Great values, people, office and work atmosphere

    Cons

    The work hours can be a bit off putting but the reward is worth it

    Advice to Management

    Internal tools could be improved

  3. "Software engineer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in London, England
    Current Employee - Anonymous Employee in London, England
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bloomberg L.P. full-time (More than 10 years)

    Pros

    Interesting projects, lots of different domains to work in including distributed systems, collaboration tools and financial applications.

    Tools have improved substantially over the past 5 years and are still a big area of investment.

    Very friendly and open team members who are there to help, many have significant experience.

    Moving teams (including internationally) is pretty easy and is a great way to learn new skills.

    Flexible work environment.

    Cons

    Very much a work hard culture.

    Advice to Management

    Keep focusing on what gets delivered and improving developer tools.


  4. "struggling to justify its salesforce"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales Representative in London, England
    Former Employee - Sales Representative in London, England
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Bloomberg L.P. full-time (More than 3 years)

    Pros

    -Strong exposure to clients and interaction with multiple functions within financial services institution
    -Provides a holistic overview of key subjects such as regulations
    -Creates a very good base to move to banks, asset managers...

    Cons

    -Terminal sales have decreased significantly and the company finds its difficult to justify its core terminal salesforce.
    -Too many people are assigned sales targets: company thought it would increase its sales but what happens instead is that people chase up each other's sales engagements to get their names also associated with the sales , i.e collaboration sales. salesrep in different functions try to establish authority and control over each other.
    -Too many sales reps with the same target (i.e terminal rep can get credit for data reps sales) resulted in inefficient client meetings. Clients no longer get even surprised when they see 4 reps (specialist, core, enterprise real time, enterprise general rep...) for an half an hour meeting. Sometimes just the introductions take 15mins. This is because each rep/specialist is subject to heavily observed statistics such as number of meetings per month and also if a sales happen, they have more reason to claim their involvement. Purely a numbers game rather than actual contribution.

    Advice to Management

    Reconsider how to incentivise your sales reps to work together.
    Plan strategically how to manage a large core terminal salesforce as the core terminal business already reached its saturation. Making them more involved in other functions creates even bigger problems.


  5. Helpful (1)

    "Good place to learn, don't stay too long."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Data in London, England
    Former Employee - Data in London, England
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Bloomberg L.P. full-time (More than 5 years)

    Pros

    -Good place to start and learn new skills but don't stay for too many years because the cons will overpower the pros.

    -Working globally with both internal people and clients

    -Ability to change role within the whole company

    -Great pantry

    -Very international environment

    -Market leader in the industry

    -Good starting salary

    -Great place to learn with training and Bloomberg University

    -You will learn to become quick in everything you do

    -Great insurance policy. Company also offers 25 days of holiday, this does vary depending on region you are in.

    Cons

    -A lot of your progression will depend on how the upper management perceives you and will not have to do with the results you have achieved. This will often be frustrating since your career path is shaped by perception and not skill.

    -Attitude of working hard instead of smart is rewarded often leading to long working hours past the already scheduled 8-6 for the London office. US Data department works less and with much more flexibility than UK. Get used to this.

    -There will be times when upper management will deliver a totally unrealistic message with a happy face and expect you to go along, despite knowing that the timeframe for the deadline is a joke. Often you will feel like trapped in an Orwell novel.

    -8am to 6pm work mentality creates a very sweat shop like atmosphere were there is a mass exodus at 6pm sharp. God forbid you log off 2 minutes early.

    -Too much micro management

    -Don't expect a "well done" but always be prepared for "what could have been done better here " , this kind of constant negativity makes you numb after a while.

    Advice to Management

    -Get over the work hard mentality and start working smart. It's not all in the hours worked but in the results achieved. Mr. Bloomberg may enjoy a 14h day in the office since he is the one cashing in on billions and has built it from scratch making it his baby but majority of the folks working have lives and won't have the same commitment to spend as many hours there. This does however not mean that they do not have the passion to get great work done and achieve great results: working smart not hard.

    -Focus more on skill than nicely packaged favouritism. Your promotion should not depend on " well this is how head of the US or EMEA department sees you" but on the work you have done and the potential you have. Also, stop monitoring every little step that every one takes: spending 10 min more in the pantry doesn't make someone less productive, it's not a sweat shop.

    -Get a lunch room for the people! This statement of "we do not have lunch rooms so employees can help the local economy" is a joke: a lot of Londoners save money by bringing their own lunch. They also interact with other colleagues during lunch time in the lunch room. IF you really want people to buy lunch every day then be realistic about it and increase the salaries by a good 15% and also, take a look around the lunch places closeby: they are all overcrowded with no place to sit. Well,unless you go to the restaurants in Bloomberg Arcade and pay for a £30 lunch every day. Not realistic!

    -The employees are adults, treat them accordingly . Having a coffee in the pantry doesn't make you less dedicated to work and having lunch at your desk doesn't make you a top performer.

    -oh last but not least: a lot of the work is client service and some clients are nothing less but abusive: deal with them and take away their terminal. I have experienced this more than once and so far no terminals have been removed from the clients. Instead we have decided to become even nice to them. There is a limit to the motto "kill them with kindness" if your employees are being attacked. Not every penny counts.


  6. "Marketing"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Negative Outlook
    Approves of CEO

    I worked at Bloomberg L.P. full-time

    Pros

    innovative, great brand, amazing philanthropy opportunity for employee involvement, amazing offices,

    Cons

    USA focussed, lacking true regional identity for products and brand ideals


  7. "Global Technical Support"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    Former Employee - Global Technical Support in London, England
    Former Employee - Global Technical Support in London, England
    Recommends
    Approves of CEO

    I worked at Bloomberg L.P. full-time (Less than a year)

    Pros

    Great opportunity to expand your network, meet interesting people and find out about more opportunities apart from your current role.

    Cons

    Communications between others department is not always the right one.

  8. Helpful (3)

    "Fish tanks cost more than my salary"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Customer Support
    Former Employee - Customer Support
    Approves of CEO

    I worked at Bloomberg L.P. full-time (More than a year)

    Pros

    Work environment pretty good, nice perks

    Cons

    Some strange management policies, hard to tke management issues to HR.

    Advice to Management

    Don't promote inexperienced people to management in times of crisis.


  9. Helpful (1)

    "Global Data Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Global Data Analyst in London, England
    Former Employee - Global Data Analyst in London, England
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Bloomberg L.P. full-time (More than 3 years)

    Pros

    Vitality Health Insurance
    Pantry Food
    State of the art equipment

    Cons

    Fake transparency
    Too many decision layers
    Extremely high turnover


  10. "Good mix of finance and tech company."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - SRE in London, England
    Current Employee - SRE in London, England
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bloomberg L.P. full-time (More than a year)

    Pros

    Good work life balance, new HQ in london, free snacks.

    Cons

    Management could socialise things a bit better.

    Advice to Management

    Talk to enginners a bit more before rolling out changes, knowing the problems being solved makes us happier and we feel more involved.


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