Bloomberg reviews

4.0

79% would recommend to a friend

(8,227 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 8,227 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
2.0
Jul 8, 2015

Prison

Recommend
CEO approval
Business Outlook

Pros

Free breakfast, lunch, snacks, soft drinks Full access to Bloomberg Terminal Beautiful offices in NYC, older building in Princeton NJ 50% 401K match. Full medical for self and family ( at a cost ) Summer parties at Randall island Well respected name " Bloomberg " around the world. Everyone knows this company. Bloomberg terminals at some airports. Ability if coordinated ahead of time, to check in to a desk in a different country if travelling. Nice promo toys Festive food served on special occasion

Cons

-Glorified prison environment. 3 ft wide desks, 6+ per row flat, open office plan, no privacy at all -Cameras everywhere, electronic check-in/out. Anyone can search your name, and know if you are in out, away from desk, or typing on your keypad. -At yearly review, you have to evaluate self + coworkers in your group reporting positives and negatives. Over period of time, everyone is a backstabber in your group, and you have no friends. -Keypad is monitored for performance. Every Bloomberg function requires <go> key to be clicked. The # of times clicked is recorded along with function specific to your area, analyzed at review. -If you stop clicking keypad, light next to your name, turns orange, informing manager you are not working. - 20 days vacation (which include your sick days ), good luck using it. Many days rolled, and lost. -Manger can run <FUNC> function. Thier screen now displays your screen They can see exactly what you are doing, surfing the web, writing emails to friends, whatever. - As of 2015, Employee's are required to surrender brokerage account balances, monitored by a third party, to make sure you are not using company data to trade during work hours or after hours. Accounts are checked to see you are not entering/exiting trades. -Pays less than most other similar jobs at other companies for both full time and contractors -Most manager and team leads are def not qualified or have supporting skillset to be managers. Many Team Leads, came straight from college and lack MBAs. They work way up. -^^^ This becomes a BIG problem. Managers are unable to forsee issue that may arise in future. They are useless at making critical decisions. It all catches up, suddenly you are working long hours, and logging in from home. - It becomes impossible to complete your yearly goals, and eventually at review time, all you do is provide an excuse why you couldnt meet your goals .... & no raise given. - TLs and Managers will pull you off projects immediately, then send you back 6 months later, expecting you to know where you left off, throw an impossible deadline, then blame you for missing completion date, Strikes are all collected at year end review. - Very unhealthy hi salt, sugar, carbs, sweets, sugar, candy, fructose, corn starch food served. I worked here for 10yrs and finally quit. I learnt alot, but the longer I stayed at this company, the more upsetting the policies made me feel. Its like a prison, the longer you stay, the more you fantasize about an escape.

1.0
Mar 3, 2013
Recommend
CEO approval
Business Outlook

Pros

1. Benefits (the well-known pantry, vacation days, dental, healthcare, may pay for your part-time degree) 2. 5 days work in Asia 3. Good springboard into the finance industry 4. Easily rewarded $ during economic good times 5. Leader among vendors *good exit opportunities and bargain power if you want to go to other vendors*

Cons

1. People who advance up the rank know only how to manage upwards. Hence, your direct boss might not actually care about helping you grow because she or he is busy making the big boss happy. 2. They reward those who talk big but can't produce anything. 3. Senior management pays little respect and attention to culture in Asia/China/Hong Kong. E.g. expecting employees to be out visiting clients when its Chinese New year. They are also not sensitive to political situation in China. Well, at least they tried to sound like they know what is going on. 4. In the States, bbg hours are 8-5. In HK, bbg hours are 8-6. That's 5 hours more a week-260 hrs more a year- easily 20 days more of work. So either they are paying Asian employees MUCH better (and that's no way true given the lower cost of living here *excuse of the company*), or this is just plain unfair (essence of the company culture)

2.0
Feb 4, 2019
Recommend
CEO approval
Business Outlook

Pros

There is free food and snacks consistently at your disposal. The organization is big on volunteering and philanthropic endeavors so working here will afford you the opportunity to make an impact on other people’s lives outside of the company. That’s the full extent of the benefits in my opinion.

Cons

Now here are the cons: First, take heed to many of the comments written about managers. Many managers currently in place have moved up the pipeline through connections or likability - not through grit or hard work. In addition, your initial manager will define your success or failure before you step foot in the door so my advice, make sure to do some vetting before you accept an offer here. Second, while the company is great at tackling challenges outside of the organization, there is a significant amount of work to be done on diversity and inclusion front. Let me explain: If you are a cis White male, you will have countless opportunities at your disposal even if you lack the education, experience or credentials. Leadership within the organization is akin to a fraternity where you’re accepted based on whether you’re liked by management and not by how hard you work. This moves me to my next point - women and minorities in leadership. Of the 19k+ employees worldwide, Black employees make up less than 3.8% of the workforce. Latino demographics are slightly higher perhaps by a base point or two. Asians account for roughly 7-8% I believe. While you will see minorities scattered throughout the organization, the reality that few of them achieve leadership success within the organization is certainly true. For women of color, especially Black women of color, the harsh reality is even fewer achieve leadership success despite many of them having stellar performance reviews and tenured experience. Retention for women and minorities is even more of a joke. Countless number of women and minorities are leaving the company because of the cis white male hegemony present within the organization.

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