Bloomberg reviews

4.0

78% would recommend to a friend

(8,240 total reviews)
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Michael R. Bloomberg and Vlad Kliatchko

84% approve of CEO

73% positive business outlook

Bloomberg has an employee rating of 4.0 out of 5 stars, based on 8,240 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
Feb 7, 2014

Emperor's New Clothes

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Like everyone else says, free food, good health care, decent location in NYC, lots of vacation time (which you will need every second of).

Cons

Where to even begin? Do not join, unless you must: - 1984 Orwellian style fear based management. You are literally being spied on. - Team Leads who generally tend to be 22 years old and incompetent. They prey on young kids because they can mold them and they are too inexperienced to know they are being manipulated. Ever wonder what it's like to have an ivy league degree and10 yrs experience and be told your new boss just graduated from some community college in NJ and has six months experience? Work here if you'd like to find out. - Churn and burn. Every year they have to have a new crop of analysts coming in to replace the people that quit. In the past 6 months, half my team has left. Some even left having nothing else lined up. - They simply do not want to accept that no one is going to pay 20K/yr for a terminal that looks like it is from 1980. Why should they when most of that data is free? - Rather than berate their employees for violations such as not showing a positive attitude in the face of declining sales, they should instead spend that time checking out the competitors that are about to eat our lunch. Even the mainstream press has picked up on this. - It is a fact that many top banks no longer use the terminal. Not least because they discovered Bloomberg was spying on them thru the terminal. This information can be freely found doing any basic web search. That giant whooshing sound is the sound of customers leaving. But the management is asleep at the wheel and their response is to focus MORE on the terminal. Heard of the Emperor's New Clothes? - Apparently their HR dept spends much of their time writing fake reviews because in my time hear, I have never heard anyone speak so highly of this company. Unless they are heavily medicated from the stress of working here.

1.0
Jan 30, 2014

It's all an illusion

Recommend
CEO approval
Business Outlook

Pros

- Long-term colleagues were nice, understood what was really going on - Canteen for breakfast/lunch/snacks - Good job for early starters, looks good on the CV - Benefits were decent

Cons

- You're not getting anywhere unless you're one of the favourites. Opportunities and advancements repeatedly handed out to the same handful of people in a 30-man team. - Team Leaders and Managers often too young, arrogant and inexperienced. Will try to micromanage everything their team does. - Department as a whole is only concerned with work by stats/numbers. No real understanding or appreciation of staff effort if their stats aren't 100% perfect. - Too much pressure to live up to company's 'reputation' standards. Staff are underpaid and overworked. - Department very reluctant to let anyone have any time off due to language cover. You will often have to book your time off several months in advance, and if you call in sick, TLs will harass and hound you until you come back into work. - Company hides behind a facade of being 'modern' and 'intuitive' and 'not like other big companies'. Don't buy into it so easily.

2.0
Aug 5, 2013

Disappointing

Recommend
CEO approval
Business Outlook

Pros

Good benefits, easy job, there's food in the office.

Cons

Mindless bureaucracy, 'Culture', bad management. They are obsessed with shrouding their incompetence with 'culture' and fallacy. I left because management were very inconsistent. I couldn't handle the idea of creating a long term career under people I couldn't trust. At first I tried applying for jobs internally as I was convinced the problems were only in my office. I don't now believe that's the case. I liken bloomberg to an apple rotting away slowly from the inside, you won't see the issues until its far too late. If you want career development at a smaller office, concentrate on making friends and never disagreeing with your immediate manager, even if they aren't making sense. The key is to appear busy/swamped and then make excuses after the fact as to why something turned out the way it did. The managers I've encountered have no concept of strategy, it's generally accepted that they should plan better (read: say they will plan better) and then do exactly the same thing that blew up in their faces time and time again. All management at bloomberg should have a mandatory dictionary on their desks. They all seem a little confused what different words mean. They have analysts that aren't analysts, advocates that aren't advocates, office managers who don't take care of the office... The list goes on and on. Also, count on a management reshuffle that has absolutely no effect on the business every 6 months or so. This will be explained to you at some point, but about 10 minutes later you'll realise they spoke for 20 mins without actually saying anything specific.

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Glassdoor has 10,085 Bloomberg reviews submitted anonymously by Bloomberg employees. Read employee reviews and ratings on Glassdoor to decide if Bloomberg is right for you.