Bloomberg reviews

- Work Split: There are 2 broad areas of work , operational and project work. At interview the managers will tell you that the rough split of the work is 50/50, whereas in reality it is closer to 80/20 in favour of manual, boring operational work. - Boring: This job was not engaging. Much of the work is comprised of reading documents and entering details into a screen, or checking the details entered by a different analyst are indeed correct and filling out a checklist. Aside from this, a huge amount of time is spent manning the Bloomberg Helpdesk, where you spend your day dealing with compaints or queries about the data from Bloomberg users - Project work: When you are not doing operational work, the "projects" that are undertaken are often little more than ad-hoc data validation/correction required by another department or business unit. As a "data analyst" you are often tasked with manual data checking or cleaning, which is dressed up as you playing a key role in a very valuable project that is vital for the business. Generally you end up doing tonnes of work that nobody else wanted to do, to unrealistic deadlines, while management with little knowledge of the product push you for deliverables. - Management: Far too often the managers at the firm are simply people who joined the firm at entry level and have stayed with the firm for a long time and gotten promoted due to loyalty. Frequently I felt that the managers' knowledge of the product and work that analysts do was lacking, and often placed too much emphasis on simple metrics of productivity (such as workitems completed, helpdesk tickets managed) and as a result neglected complex work and encouraged selective work to maximise metrics - Pay: The base salary is decent for a graduate (although working 8-6pm means that per hour its not too impressive). However, the bonus and pay progression are very bad. After my first year I received a 3% bonus and 3% pay rise, whilst my peers at other firms in the industry were receiving closer to 10% increases and bonuses. When I challenged management on this they couldn't justify the poor progression and tried to explain it away using excuses like budgets and market conditions. Further to this, if you move internally and receive a payrise, you do not receive the payrise until your next annual review is complete. This means that if you move to a more senior position 1 month after a review, you do not get paid more for another 11 months. Nobody at the firm was able to give me a reasonable answer as to why - Progression: There are very few opportunities to progress at the firm

You'll notice that all the 4 and 5 star reviews are from junior employees with less than 2 years at the firm or from H1B's glad to have a job, they're enamored by the free snacks and sponsorship. I've been with them for over a decade and have gotten to see this company get worse over the years. It used to be a great company that looked after its employees, but over last 2 years they have been looking to get rid of anyone with a decent salary and tenure. Have been replacing with kids out of college at a fraction of the salary and zero experience then working them to death, turnover is staggering with very high numbers of new recruits leaving within the first 2 years. Sales managers have almost no experience of selling and are promoted only for their micro management prowess. Sales targets are ridiculous and they count net performance, that means that salesperson takes a hit for any removals, but gets NO credit for renewals. Sales is blamed for every removal even though product teams have not developed a decent product in almost a decade, and are obsessed with growing revenue even though there is no new product/service to help in the growth. So their strategy has been to double/triple/quadruple prices for existing services which makes it extremely difficult to have any new sales discussion with this clients, then blame is laid upon the sales force for not hitting ridiculous targets.