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 Tecnologías de la información industry (3.9 stars).

Reviews by job title

8K reviews
1.0
Apr 14, 2016

I agree with the person who called it 'Dystopia'

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

The hours are not bad at all, working 8-5 or less depending on your team. When at work, it is very easy to only actually do roughly 3 hours of work per day and spend the rest browsing the news (as a shockingly large number of people do), or working on your resume & linkedin, or writing scathing glassdoor reviews. 401K and all benefits are great. There are some really great people here as well, it's just that most of them will be out the door sooner or later for a better opportunity.

Cons

The work is incredibly tedious and unfulfilling, few people here are passionate about what they do, management is for the most part underqualified and unenthusiastic about change, and daily work is mired in laughably outdated software and workflow tools that are incredibly frustrating to use and in many cases have not been updated since the 90s. To top it all off, you're in central New Jersey with slim prospects of moving to another Bloomberg office within 18 months, which leads to high attrition rates and low morale among young employees and a collective sense that this is a place where careers go to die, and should be used temporarily as a stepping stone while you study for the CFA. People jokingly call 'Global Data' 'Global Data Entry', and this name fits. Yes, data processing may be inherently tedious work, however that is greatly exacerbated when the department has collectively shrugged its shoulders at any legitimate efforts to utilize the widespread advances in technology and data processing automation of the last 15 years, instead relying on questionable and incredibly outdated tools and processes (literally, in many cases these ave not been updated at all since the 1990s). Management talks the talk of leveraging technology (OMG the crowd! codecademy!), but in most cases these solutions are far too little too late and are further hurt by a lack of any legitimate R&D support. Analysts with little to no technical background (who are further surrounded by older employees with no desire for change) can only do so much. Compared with the glamorous Bloomberg offices in NYC and the rest of the world as well as the incredible funding we pour into the (money-hemorrhaging) news department, the Skillman office feels like the forgotten stepchild of the Bloomberg corporate family.

1.0
Jan 19, 2015

Don't bother

Recommend
CEO approval
Business Outlook

Pros

Free food, which is not all that great. Monopoly position in its market helps allow for massive wastage of resources (see below).

Cons

Innumerable. Huge bureaucracy, ritualistic cult-like atmosphere, bizarre big-brother monitoring everywhere. Does everyone really need to know where and when you badged in and out? Entire teams that do little to nothing. Regular need to tell managers to pi** off when they attempt to bully you. Mind-numbingly boring work. Early 1980's technology hasn't changed a bit. And lastly, now that the owner has returned, having exhausted his political adventure, it is like Odysseus returning to Ithaca and there will be major lettings go, new joiners first.

1.0
Oct 11, 2010
Recommend
CEO approval
Business Outlook

Pros

Food is great , location and building is very good pay is ok there are some real bright people at developer levels

Cons

This company, though mainly based on the the main terminal software, can never become a true software development company. And the worst part is management don't have the vision to see this happening. This is mainly because most of the middle management (team leads) is filled with people having no development experience apart from bloomberg itself and that too a lot of non-computer science people. What senior management should understand is that there is a subtle difference between just programming and actual software development. Anyone from any background can learn programming or a language/scripting within a short frame. However that does not necessarily indicate that they can develop a good software. Unfortunately people here don't understand this. And since the leadership at technical level has these major lacks, the company is loosing key talents at the developer level who are never allowed/given chance for good development techniques due to middle layer (Mainly because leads have never done that and they just want their juniors to follow what they say). Eventually good developers will leave the company and go to a better place. No compensation/other benefits can stop this happening, but just the cleanup of the middle layer. That's precisely the reason the software isn't that great enough, just that its still in market because it does not have real software company as a competitor in Financial Markets. The day isn't far when companies like google, ms seize this opportunity and bring better financial software to market, which will definitely put company in a lot of trouble

Viewing 67 - 69 of 8,231 Reviews

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