Pros
Good pay. Prestigious name on the resume. Work here only for the name and short duration. Stepping stone for higher ground.
Cons
Really hectic culture. They will make you work long hours. Management will give you small projects to work on. Take your commitment on the projects and then throw a lot of bug fixes and maintenance requests in parallel. I have more than 10 years of professional experience out of which most of the experience is non-Bloomberg. None of the places are as bad as this one. I wouldn't work here. These people are still using legacy technologies like: Fortran, ProgressDB etc which will make you not marketable. A lot of people I know were brought in giving assurances that you will get opportunity to work on .net environment which rarely happens. They would give you some projects in beginning and bury you in maintenance requests. Management spent 70% of their time in meeting and will expect you to find out what, when, how and why of a problem which you don't know anything about. They may pay you higher than market but at the end of the day, you will end up billing 10 to 11 hours a day. I would better consult and don't take any benefits.