Bloomberg reviews

4.0

79% would recommend to a friend

(8,290 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 8,290 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
4.0
Feb 29, 2016

Rewarding on Four Fronts

Recommend
CEO approval
Business Outlook

Pros

My pros fall into four key areas: the people, the space, the exposure to senior management, and the balance. The people: My co-workers are a great bunch of people, many of whom have become my close friends. It's a supportive environment that encourages collaboration -- and I know I can lean on my team when I need them. Plus, my colleagues are super smart and they make me laugh. Overall, Bloomberg employees are very hard-working, and I respect that kind of work ethic. The space: 731 Lex knocks it out of the park. There's no other office building in NYC like it! The building is always buzzing with energy (and the occasional celebrity). Exposure to senior management: I am very thankful to be put on projects supporting the company's senior leaders. I feel respected when working with people levels above me, and most of the time, I feel as though my work is valued. The balance: (Disclaimer: I imagine this is very dependent on who your manager is.) My boss is very understanding. If I need to leave early or work from home, I leave early or work from home. I can still manage work, school, and my social life. Granted, some nights I stay late to get my work done, but they serve a pretty delicious dinner at 8 PM, which helps.

Cons

At Bloomberg, there are no "titles," which means there aren't traditional career progressions or promotion tracks as there are at other firms. This sometimes instills a bit of uncertainty about "what's next." Also, while we get year-end "merit increases," they are usually mediocre bumps at best. I feel I've taken on significantly more responsibility since joining the company, but I've only seen a very slight change in my compensation. That said, I enjoy my job every day and have hopes that a noticeable raise will happen for me in the next year... Cross your fingers for me!

1.0
Feb 7, 2016

not a healthy enviornment

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

benefits, hours. not too much else.

Cons

lack of career development, too much turnover. no strategic direction

2.0
Feb 5, 2016
Recommend
CEO approval
Business Outlook

Pros

Bloomberg has amazing benefits and a lot of top notch l people work there. The company is very efficient for the most part with robust investment in technology and incredibly smart developers. Once really gets the impression things get done here. In certain departments, you really feel like you're making a difference and things are actually meritocratic. Journalists among the best in the world. The company pays better than industry standard and treats its employees well. Mike Bloomberg is amazing both as an entrepreneur and for what he has done with philanthropy. Even after leaving I still hold tremendous respect for the firm as a whole.

Cons

The reality is it's actually very hard to move internally at Bloomberg despite what they try to say as roles are highly specialized and this is a serious downfall for those not in the know. If you're a journalist or developer, that's not the case. But for those in product management or specific verticals, moving within the company can be punishing. Sometimes even the most qualified candidates don't get chosen for a role based on a manager's whim. It's also very hard to move back to a role once you've left one so employees can get stuck, even when they are highly skilled and knowledgeable. You basically have to wait for someone to transfer or get fired and then hope a manager in power will take you back. One could wait years for a role to open, so it usually ends up with the employee voluntarily leaving. Thus making a career here is not for everyone. Certain departments function extremely well like core product whereas media and enterprise are faced with constant reorgs and management challenges. Work/balance non existent in certain departments. The company tries to act like it embraces promotion of women and minorities but in practice it's far from reality. They have tried to move positively in the direction of greater flexibility but it really varies depending on the department/role/manager. It's not uncommon for some employees to be expected to work 12 hours a day with the average being 10, making it not very family friendly. Especially at headquarters.

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