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      Bloomberg

      Engaged Employer

      Bloomberg reviews

      4.0

      79% would recommend to a friend

      (8,235 total reviews)
      avatar

      Michael R. Bloomberg and Vlad Kliatchko

      85% approve of CEO

      73% positive business outlook

      Ratings by category

      4.3

      Diversity & inclusion

      4.1

      Work/Life balance

      4.0

      Culture & values

      4.0

      Compensation and benefits

      3.7

      Career opportunities

      3.4

      Senior management

      Bloomberg has an employee rating of 4.0 out of 5 stars, based on 8,235 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).

      Ratings by demographic groups

      Reviews by job title

      8K reviews
      4.0
      Jul 24, 2014

      Open, Fast, & Innovative Company with EXCELLENT Benefits

      Global data analyst
      Recommend
      CEO approval
      Business Outlook

      Pros

      Bloomberg has a young, fast-paced culture that welcomes fresh college grads and constantly looks for ways to innovate, improve their products, or access new markets. The benefits are great including everything from free food (all day, every day) to 401(k) employer matches up to 15% of your annual salary, fully-sponsered and reimbursed MBA programs and CFA programs, and 4 weeks paid vacation from the first day you start. There is also an extensive 3-month training program for new hires so onboarding is very smooth and easy. No need to worry about being thrown into something that you have no idea how to do.

      Cons

      A significant amount of time is spent on doing the same task over and over again. It limits the time you can actually work on meaningful or challenging products and can become boring and mundane. The majority of roles in the company are centered on data ENTRY rather than data ANALYSIS as they lead you to believe. There are many brilliant people in this company with advanced degrees and designations such as MBAs and CFAs, yet they still do the same mundane tasks as others just starting at the company....ENTERING data....a task that could be completed by someone with a high school diploma. Nonetheless, the pay does consistently increase as you stay with the firm and there is significant opportunity to advance to managerial roles within your first 4-7 years with the firm.

      2.0
      Mar 10, 2014

      Poor Experience

      Sales representative
      Recommend
      CEO approval
      Business Outlook

      Pros

      They try and lure you in with the free food and benefits which is good for only so long until you see what goes on day to day.

      Cons

      Micro managers, full transparency of everything, treat you like you are 5 years old, ask for long work hours with not the best salary and horrible annual bonus/commission structure.

      3.0
      Jan 20, 2014

      Great first industry job - not so great to stay.

      Senior software engineer
      Recommend
      CEO approval
      Business Outlook

      Pros

      The work environment is reasonably pleasant, although it does feel like a corporate job. You get a desk in an open floor space, but there's plenty of places to find a little "retreat" to think or relax during the day, and flowers and aquarium contribute to making the very glass-like structure more "organic". The kitchen is always stocked for drinks and snacks, incl. late nights and weekends if you really have to stay and finish a project. The Bloomberg annual parties are legendary and really fun (although if they gave us the money they spend on those, I'm sure I'd have been happier - they must be very very expensive!). There are a few perks working for a large employer, like a savings program. My boss gave us plenty of latitude to get the work done, and apart from the occasional crunch time, work was not overly stressful. This varies widely by department though. My co-workers were top-rate. Again, varies widely depending what team you're with. This was my first job out of academia (used to teach before), and although I was an accomplished programmer, I still learned a lot about software and engineering.

      Cons

      The software environment is both challenging and very peculiar to the company, though. And a lot of it is legacy, which means having to work within a set of constraints (binary compatibility with 1990s Fortran code, code relocatibility, proprietary routines) which I can pretty much guarantee you will not find anywhere else. And because of those constraints, moving code thru to production is a major pain. On some particularly central class I was tasked to optimize, my changes took 6 months to percolate thru to production environment. The bureaucracy is also sclerotic. Having to document your working hours and bill it to various tickets (development, bug fixes, etc.) gets quickly tiring, and meaningless, as the fudge factor for accounting for 8 hrs day makes charging completely arbitrary. Getting a TREQ (technical request for new projects) can be a pain. All this is done thru the Bloomberg terminal which means there is nowhere to hide: your boss (but also pretty much anyone in the company) can find out about all the commands you typed during the day. The terminal has quirks too and I can't count how many times I lost a long typed message because of a wrong key stroke. But the reason I eventually left is that once you're in, the possibilities for raising your salary are limited. You will do well to negotiate the highest you can on entry, it's unlikely to rise significantly after that. Your first year bonus is invested/amanged by the company into internal stock (BB is private) and you only see it in your bank account after the end of the second year (with moderate interests). The value of the internal stock can be tracked using another Bloomberg terminal function, so at least it's transparent. That means of course when you leave they get to keep your current year bonus - the one they are still "managing" for you. This is described by the employer as an incentive for you to invest in the company. The longer you stay, the better. Unfortunately, it makes leaving that much more painful. Until recently, there was an unwritten policy that they would not rehire previous employees. I hear that's been rescinded. Having left all that behind though, I can't really think of why I'd want to go back...

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