Bloomberg reviews

4.0

79% would recommend to a friend

(8,226 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 8,226 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
2.0
Jun 5, 2018
Recommend
CEO approval
Business Outlook

Pros

Free food Good benefits (health and travel insurance) Nice office space Absent TL who didn't care what I was doing or even try to involve me in anything new , this allowed me to study new data technologies and prepare me for my next job

Cons

In none of my previous jobs have I seen such an amount of fake-it-till-you-make-it people. There are smart people in the company but you get the feeling that they either leave or there smartness goes to waste. To be successful on the data side you need to be as prolific as you can be, hand over your new ideas and initiatives as quick as possible to someone else and go on to the next thing. Quality and impact is not important. If you doubt me, just ask anyone that has used Bloomberg's treasury management system for instance. If you find yourself constantly picking up the ball where others drop it, you're in a long downward spiral. It will not end in acknowledgement or promotion of any kind. Bloomberg is a stepping stone, it's definitely not an employer you want to stay with for a long , and if you do, there's probably a big chance you're the fake-it-till-you-make-it type.

2.0
May 16, 2017
Recommend
CEO approval
Business Outlook

Pros

Fast-paced culture and top-rate technology, very high salaries. Remember, you're only here for the money and the resume boost.

Cons

Managers/editors/bosses lie to your face. HR is incompetent and afraid of angering upper management. Get everything in writing and consider recording meetings with your editors. You might need this later to get a settlement when things inevitably sour. Also, when you resign, someone from security walks you out the door within the hour - even people who have been with the company for decades. It's revolting.

1.0
Apr 14, 2016

I agree with the person who called it 'Dystopia'

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

The hours are not bad at all, working 8-5 or less depending on your team. When at work, it is very easy to only actually do roughly 3 hours of work per day and spend the rest browsing the news (as a shockingly large number of people do), or working on your resume & linkedin, or writing scathing glassdoor reviews. 401K and all benefits are great. There are some really great people here as well, it's just that most of them will be out the door sooner or later for a better opportunity.

Cons

The work is incredibly tedious and unfulfilling, few people here are passionate about what they do, management is for the most part underqualified and unenthusiastic about change, and daily work is mired in laughably outdated software and workflow tools that are incredibly frustrating to use and in many cases have not been updated since the 90s. To top it all off, you're in central New Jersey with slim prospects of moving to another Bloomberg office within 18 months, which leads to high attrition rates and low morale among young employees and a collective sense that this is a place where careers go to die, and should be used temporarily as a stepping stone while you study for the CFA. People jokingly call 'Global Data' 'Global Data Entry', and this name fits. Yes, data processing may be inherently tedious work, however that is greatly exacerbated when the department has collectively shrugged its shoulders at any legitimate efforts to utilize the widespread advances in technology and data processing automation of the last 15 years, instead relying on questionable and incredibly outdated tools and processes (literally, in many cases these ave not been updated at all since the 1990s). Management talks the talk of leveraging technology (OMG the crowd! codecademy!), but in most cases these solutions are far too little too late and are further hurt by a lack of any legitimate R&D support. Analysts with little to no technical background (who are further surrounded by older employees with no desire for change) can only do so much. Compared with the glamorous Bloomberg offices in NYC and the rest of the world as well as the incredible funding we pour into the (money-hemorrhaging) news department, the Skillman office feels like the forgotten stepchild of the Bloomberg corporate family.

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