Bloomberg L.P. Reviews | Glassdoor.ca

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Bloomberg L.P. Reviews

Updated 18 January, 2018
2,586 reviews

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3.6
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Bloomberg L.P. Founder Michael R. Bloomberg
Michael R. Bloomberg
762 Ratings

2,586 Employee Reviews

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Pros
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More Pros and Cons

  1. "Great benefits, modern work culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    -Generous compensation
    -Amazing Benefits
    -Friendly, collegial culture

    Cons

    -Training lacks compared to peers
    -Limited salary growth


  2. "Great place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Bloomberg L.P. full-time

    Pros

    Good compensation and benefits. Great leadership by Mike Bloomberg. Very positive experience to be a part of this company. Many chances to relocate including overseas.

    Cons

    Late night calls with NY is sometimes tough for non US locations.


  3. Helpful (4)

    "GCUS"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Great working environment, nice package, enjoy all the food and staff benefits

    Cons

    however, if you have met a horrible team leader, your career in Bloomberg is pretty much doomed. That depends on how lucky you are.

    Advice to Management

    be cautious when selecting team leader, a lot of staff left because of the direct management group


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  5. Helpful (7)

    "Project Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Bloomberg L.P. full-time

    Pros

    Glamorous company, good salaries benefits and lots of perks.

    Cons

    It is a very bureaucratic, slow, non flexible environment. People are not encouraged to think outside the box. You need to comply with their army-like rules. All managers are micro managers who have been there forever, because of the multiple perks, and will never learn anything new. Brilliant and creative people are chased and thrown out. Vindictive, petty HR policies.

    Advice to Management

    This is a dinosaur company, your hierarchy is out of place in today's world. Listen to your employees! Show flexibility - people are not robots. You will never be innovative with outdated micro management mechanisms and an army like rigid structure!


  6. "Quality"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Approves of CEO

    I have been working at Bloomberg L.P. full-time

    Pros

    Good amount of responsibility applied very early on. If you push your manager they will give you the opp to move forward quickly

    Cons

    Job can get tedious, not intellectually stimulating. Also roadpath to upper level management is confusing without a clear directive.


  7. "Great place to start your career"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook

    Pros

    Great transparency between management and staff. Lots of room for growth. Decent office perks like fresh fruit and juice. They respect the work to life balance.

    Cons

    Some of the technology used might not be on the cutting edge. Company social life isn't great

    Advice to Management

    Keep on doing what you're doing


  8. "Great place to start your career"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in Charlottetown, PE
    Current Employee - Analyst in Charlottetown, PE
    Positive Outlook
    Approves of CEO

    I have been working at Bloomberg L.P. full-time (More than 3 years)

    Pros

    Exposure to all realms of finance, markets, and journalism.

    Cons

    Some rural offices. No travel

    Advice to Management

    Put Mike back in charge


  9. "Sales Rep"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales Representative in London, ON
    Former Employee - Sales Representative in London, ON
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Bloomberg L.P. full-time

    Pros

    Amazing company, great culture, young environment

    Cons

    Not willing to leave after years

    Advice to Management

    Make hiring interviews easier.


  10. Helpful (3)

    "They still think they're a software company living in the 1980s."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Bloomberg L.P. full-time (More than a year)

    Pros

    The cafeteria with its free food, an easy commute by multiple subways, good location in Midtown, great view from the top floor, the aquariums, night classes about the finance industry.

    Cons

    Management thinks they are a software company, rather than an information provider, so they waste tremendous effort building solutions from scratch, rather than using a commercial solution. The UI for the Bloomberg Terminal is a joke--every recent MBA must think, "Wow, that's something my grandpa might have used." The Terminal's email is its most-used function, yet it introduced Rich Text (you know, the ability to bold and underline words) only in 2012! And the net installations of those Terminals determines almost 50% of your annual bonus. The company has dealt with numerous sexual harrassment allegations, and the stories of managers yelling at employees and even throwing phones at them are legendary. That culture continues at the company, with numerous managers incompetent at their job but who are excellent at bullying employees and treating everything as an immediate emergency. Finally, keeping with their 1980s mentality, they don't let you work from home, even when half the subway lines stop running because of a blizzard. You'll get a call from the manager (who lives 3 blocks away) wondering why you're not at work yet.

    Advice to Management

    Keep doing everything the same way as always; I have investments in Thompson Reuters.


  11. Helpful (7)

    "Awesome company, I love it!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bloomberg L.P. full-time (More than 3 years)

    Pros

    You don’t have to think for yourself to do your job. Evreything is laid out for you. No pressure. No accountability. You can’t screw up even though you might not be good at your job.

    Most targets are easy to reach such as visiting customers from accounts you manage or generating leads.

    You can come up with a project for yourself, spend a lot of time and get rewarded for coming up and doing it. Better to come up with a project that sounds important but the impact is actually difficult to measure.

    Very senior managers are relaxed and not demanding. Their expectation for us is to do the job that was given to you. Doesn’t have to be perfect.

    If you are an above average intelligent person, you can just come in at 8am, chill and go home at 5 or 6pm, depending on what it says in your contract. As long as you appear like you are working, you should be fine. You never take work home.

    Cons

    I think real ambitious and smart people get frustrated because this isn’t a company where you get points for generating revenue or cutting cost. Lots of jobs here exist for legacy reasons. They can’t help themselves, hard for people who cannot kick back, accept and chill.

    If you want to do something with your life, this isn’t the right company. You will feel like your life is just passing by.

    To me, those are not cons, they are pros but for some, these are cons.

    One thing I am not 100% sure is the use of vague expressions to describe our job. A few thousand people work in “sales”. Some of those people just visit customers full time (customer support people), others work to generate leads, others are subject matter experts such as fixed income specialist. The higher you go, the more ambiguous your job description becomes. This isn’t a complaint! I am very happy. It’s a great company for me.


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