Bloomberg reviews

4.0

78% would recommend to a friend

(8,240 total reviews)
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Michael R. Bloomberg and Vlad Kliatchko

84% approve of CEO

73% positive business outlook

Bloomberg has an employee rating of 4.0 out of 5 stars, based on 8,240 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 Informationstechnologie industry (3.9 stars).

Reviews by job title

8K reviews
1.0
Jun 28, 2024

Avoid employment at Bloomberg

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

*Health benefits *Pantry snacks *401K match

Cons

*Avoid employment at Bloomberg. If you do work there, limit your tenure to 2-3 years.The company runs a very extensive corporate propaganda (yes, propaganda!) to make you think that you are part of a big family and the company values people who work at Bloomberg for a long time. It is a lie! I have witnessed employees with 15+ years of dedicated service being demoted, fired or simply forced to leave after working nights and weekends, being on call and overall giving up their lives for years to serve the company. On exit, they would get $0 from the company. One of the managers told me that this company does not appreciate dedication. Despite Bloomberg's claims of fair treatment, the actual experience for many employees does not reflect this narrative. *I've seen many female employees distressed, often in tears, due to verbal abuse from their (typically male) managers. Complaints to HR were futile as HR consistently sided with management, leading to these women eventually resigning or being fired. The environment remains a 'boys' club' where toxic macho behavior is rewarded. One manager openly bragged about his inappropriate conduct and resulting promotions, confident that HR would not take action against him because he was one of Bloomberg’s “top performers”. *Bloomberg fosters intense internal competition, pitting employees, teams, and groups against each other, believing it yields superior products. This atmosphere, however, breeds enormous stress and animosity, leading to severe health issues among employees, including heart attacks, collapses and emotional breakdowns at work. *HR at Bloomberg operates with a level of ruthlessness and insensitivity that feels reminiscent of harsh authoritarian oversight. They are often deployed by management to target employees deemed expendable, regardless of their tenure or contributions to the company. Long-term employees frequently face disrespect and demoralizing treatment upon their departure. HR's practices often lack humane consideration, further contributing to the toxic and unhealthy work environment. *Rationality and logic often seem absent at Bloomberg. Performance reviews and compensation are inconsistent—exemplary reviews may come with no raise, while poor reviews might result in significant raises. One manager admitted to unfairly criticizing me in my review due to his bad mood, later amending the review but still refusing me a deserved raise. *Managers operate their departments like personal fiefdoms, making arbitrary and unreasonable decisions. For instance, a department manager openly distrusted employees lacking formal Computer Science degrees, demoting and removing them from key projects regardless of their actual performance or contributions. I asked him what if a person learns independently or on a job and/or takes extra programming courses, his response was no, it would not count. He would demote people because they did not have Computer Science degrees despite their experiences and contribution to the company! This practice was not uniformly applied across departments. And these issues are just a glimpse of the broader problems at Bloomberg.

4.0
Apr 17, 2024

It was great...at first

Recommend
CEO approval
Business Outlook

Pros

Great benefits. Joined an awesome team with an inspirational Team Leader. Team direction and goals were concrete. Opportunities to upskill and learn new stuff.

Cons

Rotational leaders and restructuring were too good only if the right people were chosen. A lot of self-preservation and self-motivated agendas led to a toxic environment within the department. Plastic and incapable people, trying to lead and manage teams that are already at the top of their game, inevitably driving good people out. Never thought I would see a great culture being undermined by incompetent, moronic suck-ups. These people HAVE NO BACKGROUND in the department AT ALL. They CANNOT solve problems or give ANY operational advices.

1.0
May 4, 2022

Not what it seems (In a bad way)

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Free Lunch, Easy to use terminal software, Decent Work/life balance and event opportunities.

Cons

Fake Culture - Managers here are kiss-ups and undercutters all the same as anywhere else. They just pretend to be inclusive and care about their team because they have to by policy. A lot of fake people here. A LOT. Fake Meritocracy and no pay transparency . - They tell you you are graded on certain "Metrics" but do not tell you what your ratings are. You are allowed to know absolutely nothing about your annual pay increase. Which by the way is 3-6% per year for almost everyone regardless of how hard you work. You don't even get to know what portion of your raise comes from going above and beyond vs what you earned for being at your desk and having a pulse. In order for a meritocracy to work, people need to know what their extra effort actually earns them. Instead they throw a lot of corporate buzz words and fluff at you and force you to be happy with the number even if you're a top performer. They won't even give you and #/10 rating on your performance to gauge yourself. No Growth - Bloomberg loves to talk about its hipster horizontal culture, but really that is just an excuse to not have "Senior" or "VP" positions and therefor, not having to promote or pay above average employees more. You can move areas, and your salary will remain the same, maybe being HALF that of your new peers. But that's it. Those who kiss up are promoted quickly and are well taken care of. But good luck actually moving up from an analyst position. Especially if you are just there to work. This used to be my dream company, but I was heartbroken after being there over a year. Most young people use Bloomberg as a stepping stone. Stay 1-2 years and launch themselves elsewhere. Now I understand why. So I did the same. Also as general advice, employers telling you not to discuss salary with your peers is just a way for them to keep those who are underpaid in the dark.

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Glassdoor has 10,085 Bloomberg reviews submitted anonymously by Bloomberg employees. Read employee reviews and ratings on Glassdoor to decide if Bloomberg is right for you.