Bloomberg reviews

First of all, let me say that Bloomberg Intelligence management got my first review deleted, so that should tell you something. They are trying to silence people and hide the truth, which is exactly what they did on a day-to-day basis while I was there. Below is the review: ---- Bloomberg Intelligence management is clueless, offensive, and could careless about morale. The second in command at the department was inappropriate on many occasions. Absolutely terrible, unless you stroked his ego. Pay was terrible. Loads of mind games. Management lied about raises (e.g. "you're getting a 5% raise", but what really happened is they took the guaranteed bonus away and added half of it to your base, which actually decreased the total comp.). Some management asked straight up prohibited questions about medical histories, medications, etc. One friend of mine (who also quit) was a foreigner and was more or less held hostage by Bloomberg's sponsoring of his/her employment visa. He/she was paid nearly 30,000 less than the associates that worked beneath him/her. At one point, an email was sent around saying that we would have to work outside our normal 8-6 hours to get work done if we wanted to be considered "satisfactory". One higher up employee tried to fight against it, but was silenced. Very very poor room for growth. As Bloomberg is news, research, sales, and software, the best shot at a higher paying position within the company is to transfer outside of your skill area. All the recruiters I spoke to said the same thing. Further, the BI product is getting taken into a very bad place. Every potential employer I appealed to when trying to make my exit told me that Bloomberg was the reason I wasn't hired. Expect to be criticized: your shoes, your pants, the type of shirt you wear, your hair style, and FORGET ABOUT IT if you're a woman. Management's treatment of women in the department was disgusting. When I was there, only 15% of the entire NY department were women. Management will decide they don't like you, and make up reasons for why your performance is poor to push you out. My manager was a nearly 20 year veteran of the company, that had already previously been demoted. If you voice a concern, he would tell me why I'm wrong, rather than actually trying to listen. Voicing a concern or a workplace problem actually would subject you to discipline. Think thought police. In the short time I worked at Bloomberg Intelligence, no fewer than 25 people quit in the New York office, and there were only 75 to begin with. Management told me this was "normal". Management tried to control associates from hanging out together and from talking to one another. I was used to asking coworkers "hey, how was your weekend" on Monday mornings, but was told this was inappropriate. I actually got spoken to by senior management who told me that discussing our personal lives was prohibited. Meanwhile, managers sent around birth announcements weekly. Me and several former coworkers would literally cry to one another about the abuse and plain lack of care or concern for us that took place. If you like low self-esteem, getting paid half of what your worth, and working over time just to quality as "satisfactory", then by all means take this job. I was plainly told that management doesn't care if you're happy at the job. It's not their problem.

*This review only reflects ADSK (sales and analytics) I did not have much exposure to other Non-Core terminal departments. I would give 4 starts as a company but 1 star for the department. I joined Bloomberg after my graduate degree thinking/hoping I will be an analyst. However after I worked for nearly two years I can tell you that it is not an "analytics" -Most of us were hired to move to sales quickly and very focused on all interviews. BUT in reality, not many people move to sales as there is no demand. People usually wait 2 years or more to join and mean time stuck taking"tickets" -Long hours of doing the same thing. As mentioned, there are not much to analyze on a daily basis. All you doing is just looking up for functions or fixing excel sheet. Everything is monitored and made us feel bad taking a break or going to a bathroom. Those "Stats" are everything as most of the "team leaders" luck with management skills so that your performance is depend on that stats. If you help others it will not be good for your stats so team work is not great. Especially people with no real skills tend to focus on stats as they wont be able to do much else to show. -"Training" they provide is NOT a financial education. It is only for use of the terminal. You become "specialists" but most of them does not know basic knowledge of finance. I.e. first week of training they will explain what is bond and stock...(yes they actually did) then after few weeks of training you become "specialist". -Your future depends on the team you are assigned to. In this department, it is all about being liked by the management and have a good stats. NOT knowing real finance at all. If you get stuck with not good team or manager it is very challenging to move anywhere. -No transferable skills. The job is all about the terminal. This is one of the biggest issue. You will get stuck with this department. I have seen so many "analyst" (without any financial background) trying to find a job after couple of years but cannot get any. Knowing how to use the terminal is a good skill but without actual financial knowledge no one will hire you. Then this is the part that gets worse. Those people without skills cannot move to sales or find a new job so they stick around and become Team Leader without any people or management skills. -Very fast turnover. People who can leave do leave very fast. others stuck with ADSK will left doing the same job over and over. TL will put a lot of pressure on you to keep up the stats even though people are leaving because of them. The reason is very simple, their pay is based on the stats as well and their stats is basically our stats. So they want big bonus so they will use you as much as possible to achieve what they want. I would NOT recommend anyone for this potion to be honest. Yes, Bloomberg is a good name but when you look for a new job name will not get you a job but your ability. So little you can learn from this department and unreasonable amount of unnecessary stress it is very poor work experience. If you are thinking about joining, you should think well. If you have to take it then leave fast. Your market value will decrease rapidly.