Pros
A well-financed company only in its third decade, Bloomberg led the charge for market transparency and changed the way business is conducted around the globe. Spectacular offices, some truly brilliant employees, plenty of perks like company-wide parties and free food, fantastic benefits and good salaries. There's a true buzz to walking the neon halls created by a still living, self-made billionaire; it bestows on employees the feeling of being among the chosen. But when the buzz wears off (usually when one starts focusing on the paranoia behind Bloomberg's many security systems) one begins to wonder whether one is truly "chosen" or simply captive.
Cons
The management style at Bloomberg tends to be top-down and fear-based. As a result, employees spend an inordinate amount of time trying to figure out who among the leadership is in and who is out, which causes a continual undercurrent of anxiety. Although the salaries tend to be much higher than print salaries elsewhere, it comes at a cost: Journalism principles are easily trumped by business prerogatives. (See "Bloomberg in China.") True journalists find this model fundamentally flawed, since most believe that challenging the orthodoxy is precisely what journalism is all about.