Bloomberg reviews

4.0

78% would recommend to a friend

(8,240 total reviews)
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Michael R. Bloomberg and Vlad Kliatchko

84% approve of CEO

73% positive business outlook

Bloomberg has an employee rating of 4.0 out of 5 stars, based on 8,240 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 Informationstechnologie industry (3.9 stars).

Reviews by job title

8K reviews
1.0
Jun 6, 2017
Recommend
CEO approval
Business Outlook

Pros

If you can avoid to become an Advanced Specialist and have a European language you should be able to move outside Analytics in around a year. Things are much better in other departments....

Cons

Quality vs Quantity? Management purely care about quantity and generating numbers in any kind of fraudulent way possible. Recently I've noticed a marked increase in this trend as they have "clamped down" on the senior or advance specialist teams. This means two things. Firstly, treating the more seasoned employees (the survivors) like children and bringing in inexperienced Team Leaders whose sole competence in life is tracking KPIs and complaining when you won't help them cheat or fudge the numbers. The second point is you'll now spend more of your time pitching (cold calling and annoying Bloomberg clients) about new applications on the terminal, problem is they pick the most basic and pointless ones to make best use of your time here. I might add at this point the whole "advanced specialist" or senior analyst route is a shame with management pressuring new hires into these roles to grow this part of the department bringing people as a "qualified" senior in as short as six months after joining. Knowledge and experience however can't be generated in this period of time and consequently quality as been diluted, however quantity increases on paper so management are happy meeting their goals. Final note is turnover, our department is around 150-180 in London and at the moment we have on average one person resigning per week which is 29-35% turnover per year and extremely high. This is being dealt with at the moment by trying to hire more and more new hires (potentially you) to try and counter this. They are struggling to keep our headcount at these levels with more people than ever resigning, however surprisingly they are having difficulties finding enough people to put through their meat grinder....maybe one day they will realize their issue

2.0
Apr 30, 2017
Recommend
CEO approval
Business Outlook

Pros

-good starting salary -super nice colleagues that are supportive and international -free pantry

Cons

-junior managers/TLs don't undestand team workflows, which leads to inefficiency -extremely high turnover rate -management doesn't care about your career dev goals at all, which is why people quit

1.0
Dec 7, 2016
Recommend
CEO approval
Business Outlook

Pros

the people are definitely the biggest pro - meet very capable people from all over the world you can do volunteering during working hours snacks bloomberg is good name to put on your cv - careful, I fell into that trap. anyone can be a team leader lots of free online courses good benefits you can do your CFA which Bloomberg then pays back after you´ve passed your exams you have to wait 18 months before you can move to a different role

Cons

The pros sound amazing - they are - unfortunately the job is so bad that it does not make up for any of them: 1)deceitful job title to attract better talent - I applied for an analyst role and neither I or any of the people within global data do anything else than data management. - if you´re applying for New Energy Finance , some of those roles are actual analysts who get a chance to use their brains.- data management only involves the specific tools used at bloomberg and so you dont develop any transferable skills outside bloomberg. This is what we do every day: set up Bloomberg´s data tools to automatically collect data on a regular basis. Again and again and again and again. Oh, and create tickers for this points. The most exciting thing you might do after a year or so doing this horrendous job, could be to become responsible for maintaining specific data or data management tasks or admin or vendors. I´ve spoken with lots of colleagues and lots of people feel mislead by the company and/or strongly dislike their day to day. There is a general lack of interest in most people who have stayed here for years and then got comfortable 2) hours are 8am to 6pm - as written in contract and you´re allowed to work from home if you´re ill or if the plumber is coming to your house. 3) You get treated like a child -actually i might have had more space to do think and do for myself when I was 5. This goes not only for global data but for the entire company. you get told what to do, how to do it and when to do it. No space to do things differently or to do different things. 4) quite a high turnover of people 5) managers and team leaders have very little idea of how to do their job and if they do they are given very little space to do things differently 6) incredibly rigid 7) if you're in global data ... I repeat - you're locked up in a misery of tasks - there is no need to have any sort of education to do what we do. 8)if you're in analytics (the 2 years path to go onto sales)... well most people quit within 4 to 6 months of how bad it is. My suggestion: ask very specific questions of what you would be doing during the interview to find out if you actually want this job. It will look bad if you quit before 2 years and if you stay then what valuable skills did you earn during your time at bbg? I think you will have a hard time trying not to feel embarrassed if you were to tell the truth about what you did at bloomberg.

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