Bloomberg reviews

4.0

79% would recommend to a friend

(8,238 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 8,238 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 IT (Information Technology) industry (3.9 stars).

Reviews by job title

8K reviews
1.0
Oct 31, 2013
Recommend
CEO approval
Business Outlook

Pros

Not many, if you're starting out they will train you on finance basics and you can do a qualification later on such as the CFA. (Which you pay for yourself and if you pass your exams you will be refunded).

Cons

1. Personality cult - Mike Bloomberg is a demi-god in there.. Doctoroff, present CEO tries to steer the company the same way MB did. 2. No need for your input - just do your job. All decisions are centralized and structure is anything but flat. 3. Every now and then the management falls into panic mode, typically because sales figures etc are sliding. This results in pointless call campaigns and a lot of effort going into justifying every single thing you do. (to prove you're generating value) 4. If you're thinking about their grad scheme - the "Sales and Analytics" programme - don't do it. For the next 1.5-2 years you will be stuck in a Bloomberg helpdesk taking 4-8 questions at the same time. These can be anything from pointing a client to a button to answering a pricing question. I've seen 50% of a graduate intake QUIT in the middle of the training! NEVER, EVER have I seen this at any other company. 5. Company is split 50/50 between juniors and dinosaurs, you either join and leave quickly or you stay for ages.. Very few people have spent 3-5 years there. Most of them bail within 2 years or you stay for 10, 15 or 25. 6. Work is minimum 10h per day for ALL employees. If you're in sales like I was you will do more frequently. Pay does not match proper financial companies so effectively you do not get compensated for that. 7. Few manage to jump into a decent bank or financial institution. Look this up on LinkedIn yourself: most of ex-Bloomberg staff end up with other vendors (such as Thomson Reuters) or go into never-heard-of small brokerages. 8. All work at Bloomberg revolves around one product - the terminal. All side products are based on the presence of the terminal. This means the company does not need YOU, it needs you to do your work so the product can get better. There is little point in investing a lot in their staff.

1.0
Apr 23, 2010
Recommend
CEO approval
Business Outlook

Pros

*Very smart people to work with and learn from *Free snacks and exhibition tickets *Sponsor (well depending on performence) masters courses.

Cons

*The mangement treat people like crap *Progress within the company depends on talking the talk rather than walking the walk *Very long hours(you will be called at funny hours to come and fix a Fortran bug) *The tools are shocking *Dead wood managers who ve been in the company since day one and will do absolutly anything to safeguard their position as they know they re not employable anywhere else.

1.0
Aug 4, 2022
Recommend
CEO approval
Business Outlook

Pros

Cultural events and museum perks - especially in New York City. Free or heavily discounted access for employees and their guests. This is an amazing benefit!

Cons

Where to start? It’s very toxic environment. The place is a mess. The management is a mess. People are only there for themselves. No team building or sense of supporting culture. Blame is being passed around and no one actually takes responsibility for anything. People throw each under under the bus all the time in front of your own team and in front of others. Very uncomfortable. The leadership is not diverse. The majority are white men who are fake chummy with each other on meetings and it is very non inclusive if you’re not into or accepted into that old school jargon. Very few women or ethnic people (men and women) lead here. Dysfunctional leaders are not removed or even asked to change even though employees continuously and desperately reach out to HR for help. Toxic and depressing. Leaders also can not manage workload. Employees in the team are drowning in work and if not completed you easily get called out in negative ways. It is your fault - not theirs. Also the tools, programs and processes are old and very ineffective. No modern cutting edge drive at all this place. It’s also a sense of “do not ask questions” so if things are unclear and you ask for clarification, the lid is on and you are left with uncertainty and later on - blame. You are left in a catch 22! This place is for people who do not look for true success but chose to be in a place that is a “big name”. There is something so off about this whole place and it turned out to be the biggest disappointment I have ever experienced because I truly thought I had won the lottery when I got the job. I was dead wrong. But it all comes down to poor management who are creating a terrible repressed and toxic culture.

Viewing 64 - 66 of 8,238 Reviews

Glassdoor has 10,083 Bloomberg reviews submitted anonymously by Bloomberg employees. Read employee reviews and ratings on Glassdoor to decide if Bloomberg is right for you.