Bloomberg reviews

4.0

79% would recommend to a friend

(8,226 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 8,226 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 Tecnologías de la información industry (3.9 stars).

Reviews by job title

8K reviews
3.0
Nov 3, 2015

review

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

It's a privately owned company where you feel the CEO is still very much present and involved. Very generous in compensation.

Cons

Snacks deter you from leaving the building. The global hours also deter you from leaving. Can be difficult in balancing work and life balance.

1.0
Jun 5, 2017
Recommend
CEO approval
Business Outlook

Pros

I'm doing you a favour by writing this. I should have listened to the bad reviews, but instead ignored them and ended up leaving the company within less than a year because I didn't want to be pigeon holed in this company and found another job elsewhere. Here's my honest review: - Nice and friendly colleagues. - You end work on time every day. - Pantry (especially breakfast). - No stress environment. - Highly paid for the hours and work you do here. - A lot of events (with more free food) and paid-for sports outside of the office. - Work-life balance. Conclusion: if you want a work life balance and a high starting salary without any career aspirations, come!

Cons

The other side to my HONEST and COMPREHENSIVE opinion that you need to read! I separated it into 3 parts for your liking: Job Scope: - it is not finance-related, yet the team leaders there have somehow brainwashed themselves (or are good at acting) that it is. It's not. - people are right - you copy data from the news and paste it to the terminal. I was so sad that the this was the actual job and that people here were right. - think about it... Our clients analyze the data. If we were to analyze the data for them, we would be taking their jobs. What position does that leave us to do... Except copy and paste it and make sure that it's correct (by checking online or somewhere). Even the "equity research roles" can't give their opinions because it will be taking their clients jobs (sell side research analysts who use the terminal). - there is also no data analytics involved - forget about using R or Python to visualize and analyze the data. Read the point above - What is there left to analyze? - everything is a "project". Writing a manual on how the work flow to my daily work is a "project". The lack of... Intensity and analytical work makes everything a project. Management: - my team leader (TL) was a... pain. The TL I had somehow lied to herself into believing that this job was awesome (FYI everyone on the floor hates this job but most don't leave due to the security and pay it offers - yes, moral is low and management knows this). - they can't be trusted. It's funny how every TL sounds similar in their answers to their team. Make sure you ask questions - a lot of people would say they came from wealth management firms and that working in Bloomberg is better. Ask more --> most of them worked in the back end office of these companies. No wonder bloomberg is better - it's moreso the same job with better pay. - they pride in having a university atmosphere. First hearing this I was happy and excited. If you think about it... It's not really. A bunch of adults acting like kids and the TLs being the frat that everyone needs to suck up to in order to become one of them in the future. - sounds nice, doesn't it, to tell people that you make your career your own in Bloomberg? Think again. Management uses that as a reason and excuse to cover their own mistakes. "Boss what should I do?" -> "Idk. This is your career to make here in Bloomberg". Think about what a great excuse that is and how they could use it against anything... And they do! - a personal rant - I told my TL I was leaving and didn't like this position and felt like I was lied to about the job scope. TL replied by saying "you said you like finance in the interview? You said you managing data?" Seriously?! if you think this is finance and managing data means copy and pasting numbers, then sorry i must be wrong about liking either! (Im in finance still btw lol). Exit Opportunities: - this is the biggest point for me. I'd take hell if there were decent exit ops. There aren't. For those who think it only sucks in the first year - people who have stayed 5 years tell me it doesn't get better and you are stuck copy and pasting data. - look on LinkedIn and check the career paths of these people. No one stayed long if they eventually entered a somewhat prestigious finance or consulting role - all left within a year. The reasons to why were already listed. - managers would say "person x left to Mckinsey or Credit Suisse." Ask again - they stayed for 6-8 months in my office before leaving, knowing they deserved better. - my colleague made a good point (been there for several years and regrets not leaving earlier). Said "people in the finance industry knows what we do... And they know that it isn't finance. We go to them to train them and sell our products and they go to our offices for training and meetings. They know very well that we just copy and paste data. It's sad." So lying your job scope into the finance industry is not an option. - the longer you stay, the worst it is. You will get pigeon holed as a data analyst. Forget trying to get a front end job. Many people left to prestigious financial firms - if you look closer, they are in the back end team. Also, if you want to do backend, I'm not against it - but at least do engineering work and not copy and paste data... - in my office, no one internally transferred to another team from the global data department because no one wanted to take us in... Sad. Conclusion: if you're driven or want a career thats not boring, dont come here. I felt bad for one of my colleagues. This was the persons first job and i asked if the person liked the job. Said "idk. Are all jobs like this? (in a sad and lost tone) i answered the person by saying "no. You can do better". And thats my advice to you all. If you worked hard for a good career, you deserve better than what they offer.

2.0
Nov 7, 2016
Recommend
CEO approval
Business Outlook

Pros

The Pros Large, diverse workforce with people from literally all over the world - you meet mostly really great characters but also some world class corporate duds. Very international working environment and exposure to international clients as you would expect. Free 'snacks' and drinks in a well-kitted pantry (though the novelty quickly wears off leaving you only with the bitter taste of a poor cup of coffee). Training is in general quite good - but be ready for fast paced learning, where i.e. you are taught a condensed version of Portfolio theory in a day, and then are expected to sit an exam on what you've learned the following day at 8:00 am...not leaving you much time to absorb the knowledge, and inducing some university-style cramming. In that sense it helps a lot to come from a 'finance' background where you have studied the stuff before - but this is not essential as they spoon-feed you the knowledge to start with - many hires come from non-finance backgrounds. Competitive salary - especially for recent graduates (£37,250 base plus £4,000 performance related bonus). Finally, you'll learn how to use, and become an expert on using a terminal, where, if you are looking to kick start a career in Finance, this will be an invaluable addition to the CV. Oh and they throw a ridiculously good party once a year with free drinks, food and theme-park style rides. It turns into a rave once the families go home.

Cons

I'll start from the beginning.... - The 'Financial Product Sales & Analytics' job title is a sham. It's quite literally customer service/support for Bloomberg terminal users - where basically you're the guy on the other end of the HELP HELP button on the terminal, that's it, definitely not as 'sexy' as the title tries to make it out to be. - They will dress up the position as a 'great way into the company, and an opportunity to learn about the product and industry' and promise that it is simply temporary before rotating into the Sales department (which is basically the same job but with less micro management and you get to travel). This is a lie. Your rotation into Sales is wholly based on what the business needs and your language skills. If you're a Spanish/French/non-language speaker, doesn't matter how good you are, you're staying in 'Analytics' (customer service) for the long-haul (at the very least 1.5 - 2 years if not longer). The only 'regional team' that sees semi-regular rotation into Sales are the Germans - If you've worked customer service before, you'll know what this job is like. Similar to a call centre but the problems customers come to you with are usually a lot more complex and require brains to work out. Add to this the fact you need to at any one time be dealing with between 2-4 customers, it produces a perfect cocktail of angst, anxiety and unnecessary stress, compounded by the sheer ineptitude of the management in the department who strut the floor like headless chickens (i will dedicate more words to this later on). - Your performance is completely and solely quantified into numbers. EVERYTHING is driven by 'metrics' i.e. how many customers you called on the phone, how long you took to answer a 'ticket', how much of the working day you spent taking tickets, etc. etc. the list is endless. They set these standards that someone has simply imagined over-night as the true gauge for good quality service, and if you don't 'keep-up' these standards, boy o boy you're in trouble. On top of that you get QC'd (quality control) where if you make a simple mistake, this will count negatively on your performance with no way to amend - all this combined leads to an obsession around 'getting your stats up'... needless to say this gets boring very quickly and causes completely unnecessary frustration, where even if you are actually doing a great job, it can look like you are absolutely dreadful. - MICRO MANAGEMENT GALORE... the analytics department is THE true embodiment of the phrase 'micro management'. As detailed above, absolutely everything you do gets filtered down into numbers, and management is obsessed with imposing their standards to the point that you'll often get shivers from the smelly warm breath of having them on your back. - Bureaucracy is a big part of the day to day in the analytics department. If you've got any kind of opinion, you better keep your mouth shut, as anything you say that might challenge the status quo simply counts against you - to the point where they will even try to push you out of the company. They don't value creativity or individuality at all - this means you'll often find yourself surrounded by drones resembling human beings which have been aptly named 'Bloombots'. These folk are the ones willing to jump over whatever hoops necessary to 'stand out', no matter how ludicrous, and have stapled a fake peroxide smile to their face. - You are FUNGIBLE, no really, you are. At least according to the global head of the department who mistakenly (or maybe intentionally) sent an email to everyone titled "Analytics - Building a Flexible, Fungible Workforce'. Don't worry though, if you don't have a spine and are happy to keep your mouth shut for the rest of your life then you'll find great job security here! - The Management... well from what you've read so far you can see that the people who end up staying at the company are doing it either out of necessity (money, family, etc.), or purely complacency with a 'comfortable' job. This really doesn't leave much and they are completely power drunk, often imposing their authority at the expense of others. - ATTRITION, yes you guessed it, the Analytics department sees vast amounts of people leaving within the first year of employment, myself included, for better or simply more rewarding roles. E.g. out of my 'starting class' of around 26 people, only 6 were still in analytics once a year had gone past...and I can assure you that none those 6 remainders want to be there. But this is how their operating model is built. They want to filter through the 'Bloombots' and filter out anyone who doesn't wish to conform, with a small group nestled somewhere in the middle who have navigated the field to relative comfort.

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