Bloomberg reviews

4.0

79% would recommend to a friend

(8,231 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 8,231 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
Oct 18, 2013

Worst

Recommend
CEO approval
Business Outlook

Pros

Very few pros working at this company. If you're lucky and work your ass off, and keep your head down and don't voice your opinions, then maybe you'll get a competitive salary.

Cons

- Their product is bad - On the inside, their system is orders of magnitute worse than their mediocre product - They're overly political. For example, they set deadlines for major projects to be the department head's birthday. New features are decided at the whim of upper management, not because they would improve the product or have a chance at succeding. - All the good engineers leave as soon as they realize what shithole they've trapped themselves in. You have to work with college gradas who don't know any better and those too lazy and too scared to leave.

1.0
Oct 24, 2011
Recommend
CEO approval
Business Outlook

Pros

- Comprehensive training on the finance world and how money works - Comprehensive R&D training for new programmers to help them get acclimated to their jobs - Most teams are filled with programmers constantly striving to improve the products and the large code base they are working with (or in some cases, are stuck with). - Management encourages teams to stick to 9-5 mentality except during the worst crunch periods, which are scarce. - If you are ever forced to work late, there's free "night-time" company shuttles to get you quickly home & to your bed, no matter how far away you live. - Good sexual and personal harassment training. Makes clear what peoples' boundaries are and where the law & the company stands on it. - Good perks: Health & disability benefits, Gym Membership, Free Snacks to chomp on while you write code, most of them healthy. - Decent company match in their 401k program. - Occasional speaker seminars from big names in the finances and programming industry.

Cons

- Management favors certain subordinates over others due to personality traits, not ability to perform the job. - Management focuses too much on time estimates & performance metric measurements, and too little focus on providing proper guidance to subordinates. Subordinates are often left in the dark on how to approach tasks correctly. - Management often ignores subordinate accomplishments, and instead focuses on their mistakes, using them as a verbal & written weapon in yearly reviews, resulting in managers looking good to their managers, while the subordinate is demoralized. Management is also poor on properly suggesting how to help a subordinate fix or resolve mistakes. - Too much focus on code "appearance" policies, and not enough focus on testing the code people write. It is almost as if management wants programmers to release mistakes to customers so they can blame the programmer when something goes wrong. - R&D Training at the time I was an employee was almost 3 months long, with much of the material not even relevant to the job itself you get once you're done with training. There is clearly some miscommunication between the Training Instructors and the Programmers. - Skilled programmers are often "promoted away" from programming into management, even if they are not good at managing people. - Business is too focused on short-term quarterly earnings and refuse to let programming teams invest time on projects that could improve the company over the long term. - Programming teams within company are too isolated from each other with almost no inter-team communication and very little lateral movement between teams. Every team appears to be "trying to do everything themselves". - Depending on which group you're in, you could be stuck with "mundane code maintenance" instead of the more interesting job of coding new or enhanced features in the company products. - Too many proprietory technologies. If you work here for too long, then leave to work elsewhere, you often end up "relearning" equivalent technologies. - Even if you get a good yearly review, your raise is typically lower than the increase in overall cost of living in the New York City area. - One nice manager I had was "banned from the floor" of a different programming group for catching bugs in their product & bringing it to their attention. People shouldn't be punished for doing the right thing. - Typical workspace environment is full of hundreds of people (with no walls or cubicles) and can get very noisy. 10 people chatting is no big deal, but 100 people chatting is distracting when you're trying to code & rushing to make a deadline. Be prepared to be most productive in the late hours, after most people gone home, or at the very least wear some headphones with music playing to tune them out. - Managers and business groups peer-pressure employees during company parties to "get in" on their mentality and whatever activity they're up to. If you disagree with what they're doing due to ethical or religious reasons, or you "don't get" what they're up to, you are immediately made fun of and ostracized.

1.0
Mar 11, 2011
Recommend
CEO approval
Business Outlook

Pros

1) The fact that you learn about the terminal and that this will help you in your next job is the only pro I see from working in this company.

Cons

1) No career advancement whatsoever. You may be stuck in your department for years and as long as you do the same repetitive tedious job and you hit the "metrics" they will like to keep you there. 2) Management is horrible. I can't believe I knew more about my job than my managers. They spend the whole day "working" on projects and micromanaging each and every one of your steps. 3) There is no loyalty to any employee. They downsized a department recently and fired people that has been working with the company for 19 years without trying to accommodate them somehow (This happened in the London office). 4) Out of the blue, your department may just take into a new full set of responsibilities without having the preparation, training and most important, the HUMAN resources to do a good job. More work and more hours but the same pay and don't even dream of a future adjustment. 5) Salary is very low, you will be working here for years and you barely will beat the inflation with the rises you get (2 % if you do get something). You take it our leave it, no negotiation, no seniority consideration, nothing. They know you will get frustrated and leave and they will get somebody for less money and will start the doom cycle all over again. 6) You spend more than 2 years in this company and you career is utterly and completely DONE. Bloomberg is not a financial software standard as they tell you it is, once you go into the financial industry (yes, the real one, not the one they make you believe you are working for) you realize you wasted your time. Is good if you learn to operate the software while working here, but at most it will take you a year to maximize your exposure. After that, please leave and never look back..... this leads to point: 6) If you are getting out of college, and you want to have some exposure to a financial "Brand" you can work here for no more than 1 1/2, 2 years. Get all the knowledge that you can assimilate, drink as much sugar loaded sodas as you can and leave fast! you don't want to get caught in their losers culture nor they "Approach" to bussines.

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