Bloomberg reviews

4.0

79% would recommend to a friend

(8,227 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 8,227 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
Dec 7, 2016
Recommend
CEO approval
Business Outlook

Pros

the people are definitely the biggest pro - meet very capable people from all over the world you can do volunteering during working hours snacks bloomberg is good name to put on your cv - careful, I fell into that trap. anyone can be a team leader lots of free online courses good benefits you can do your CFA which Bloomberg then pays back after you´ve passed your exams you have to wait 18 months before you can move to a different role

Cons

The pros sound amazing - they are - unfortunately the job is so bad that it does not make up for any of them: 1)deceitful job title to attract better talent - I applied for an analyst role and neither I or any of the people within global data do anything else than data management. - if you´re applying for New Energy Finance , some of those roles are actual analysts who get a chance to use their brains.- data management only involves the specific tools used at bloomberg and so you dont develop any transferable skills outside bloomberg. This is what we do every day: set up Bloomberg´s data tools to automatically collect data on a regular basis. Again and again and again and again. Oh, and create tickers for this points. The most exciting thing you might do after a year or so doing this horrendous job, could be to become responsible for maintaining specific data or data management tasks or admin or vendors. I´ve spoken with lots of colleagues and lots of people feel mislead by the company and/or strongly dislike their day to day. There is a general lack of interest in most people who have stayed here for years and then got comfortable 2) hours are 8am to 6pm - as written in contract and you´re allowed to work from home if you´re ill or if the plumber is coming to your house. 3) You get treated like a child -actually i might have had more space to do think and do for myself when I was 5. This goes not only for global data but for the entire company. you get told what to do, how to do it and when to do it. No space to do things differently or to do different things. 4) quite a high turnover of people 5) managers and team leaders have very little idea of how to do their job and if they do they are given very little space to do things differently 6) incredibly rigid 7) if you're in global data ... I repeat - you're locked up in a misery of tasks - there is no need to have any sort of education to do what we do. 8)if you're in analytics (the 2 years path to go onto sales)... well most people quit within 4 to 6 months of how bad it is. My suggestion: ask very specific questions of what you would be doing during the interview to find out if you actually want this job. It will look bad if you quit before 2 years and if you stay then what valuable skills did you earn during your time at bbg? I think you will have a hard time trying not to feel embarrassed if you were to tell the truth about what you did at bloomberg.

1.0
Mar 3, 2016

Horrible company

Recommend
CEO approval
Business Outlook

Pros

There is free food, it is always a good name on your CV, they have nice and modern equipment and offices.

Cons

Management is very poor, anyone can be a manager or team leader without any knowledge of the product as they only need to "get on well" with higher managers and "speak a lot". It does not matter how much you know or how well you do your job, if you do not sell yourself to managers and praise them, you will not get anywhere. A lot of people I know are being bullied at work, having work not being recognised, suffering from too much pressure and a huge work overload, always being told off for the smallest thing even if Management have no idea what their product is about. Too much control and too much micromanagement. Absolutely no work life as everyone is dead tired by the end of their shift (expect minimum 10 hours). Huge turnover, with people leaving every single month, nobody wants to stay. The atmosphere in the office is tense and unpleasant. Avoid at all costs.

2.0
Feb 12, 2011
Recommend
CEO approval
Business Outlook

Pros

Good salary for experienced people, benefits package ok. Relaxed dress code and quite flexible on working hours. Nice working environment (though completely open plan can be quite a distraction when you're trying to write code), free drinks and snacks in the pantry. Senior programmers do get some freedom to determine what work they do and how it gets done.

Cons

Poor codebase and development tools creates a maintenance nightmare, you can find yourself spending more time firefighting and working around inefficient old code than creating new apps. Culture changed a few years ago to a 'metric' based system where you get rewarded more for ticking boxes and saying 'yes' to the right people further up the management chain (don't believe anyone who says the company has a flat structure - there are 8 levels above mine and this is typical). Coupled with their philosophy of mainly promoting eager to please, inexperienced graduates this has led to whole layers of incompetent mangement led by similar, more senior managers who have no industry or engineering experience other than at Bloomberg. The only way of improving your prospects is by enrolling in a 'leadership' course led by the very same people, few people are promoted based on ability. There is no distinction between project managers and those with the necessary people skills to manage groups. Pension is not particularly good. Used to be able to work from home occasionally but now this must be approved by senior managers, just one example of the atmosphere of mistrust which had led to a general atmosphere of low morale.

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