Good place to start a career in city - Anonymous employee Bloomberg Employee Review

3.0
Sep 15, 2011
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Good benefits package. Relatively easier to get a job than in other city firms.

Cons

Flat organisational structure. Limited opportunities for promotion. No senior titles. One can get promoted only to TL level and then to head of the department, which is quite unlikely. Many people who get promoted to TL level come from different departments and have no expert knowledge to guide and practically help you in the first year or so (well, they catch up in about a year under high work pressure). Pay increase is miserable. New recruits get more money than someone who worked for years. New recruits are enticed with competitive starting salary, but it rarely increases beyond inflation rate in the following years unless you get promoted to TL level. There is trivial difference in pay increase for stars and good performers. Not enough financial stimulus to deliver outstanding job. Global data is one of the worst departments in the company in terms of pay vs. work hours.

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Pros

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Cons

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CEO approval
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Pros

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Cons

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