Bloomberg L.P. Employee Reviews about "great benefits"

Updated Dec 1, 2021

To filter reviews, or .

Found 351 of over 6,393 reviews

4.1
82%
Recommend to a Friend
87%
Approve of CEO
Bloomberg L.P. Founder Michael R. Bloomberg
Michael R. Bloomberg
2,530 Ratings
Pros
  • "Endless snacks and free food in pantry(in 420 reviews)

  • "great benefits for all employees(in 353 reviews)

  • Cons
  • "Long hours (expected in the industry)(in 256 reviews)

  • "Not great if you want to have good work life balance(in 143 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

    Reviews about "great benefits"

    Return to all Reviews
    1. 4.0
      Current Employee

      Infrastructure Engineer

      Feb 21, 2019 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great benefits, work life balance not so bad

      Cons

      Hard to climb up the ranks. Alot of hard work seems to go unnoticed at times

      Be the first to find this review helpful
    2. 4.0
      Current Employee, more than 1 year

      great place to be

      Dec 1, 2021 - Data Specialist in London, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      great benefits, working hours, collegial atmosphere

      Cons

      lots of work, cumbersome approval processes, management calls the shots

      Be the first to find this review helpful
    3. 2.0
      Former Employee, more than 1 year

      Read This Before Working In Analytics

      Nov 3, 2021 - Senior Product Specialist in San Francisco, CA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      - Great benefits. The health insurance premiums are 100% covered. Low out-of-pocket doctor visitation fees. Six months maternity leave. 50% 401K match. - Competitive entry-level salary. Everyone in your starting class starts with the same wage regardless of going to an Ivy League or a state college. Catered lunches and dinners (depending on the office location). - WFH stipend to cover equipment expenses. - Daily COVID commuter allowance to travel to and from the office via Taxi, Rail, or Subway or cover parking fees. - Pre-COVID, when they hosted their annual company picnic, it was a great experience. Calling it a "picnic" is an understatement. It's more of a festival/carnival experience. - Great internship and externship program. - The company has improved D&I by hiring more diverse full-time employees and interns compared to previous years. Bloomberg tries to recruit from a variety of colleges across the country. Some schools I've never heard of. - The company makes Philanthropy a top priority and has partnerships with an array of non-profit organizations

      Cons

      Wow, where do I start. Diversity: The company struggles to retain diverse talent, particularly among Black employees. Bloomberg promotes young white employees to Team Leaders who lack the emotional intelligence to lead a diverse team. Many Black and Brown employees get passed over for promotions that have the job's leadership skills, work ethic, knowledge, and emotional intelligence. Equity: Black and Brown's employees are underpaid. As an entry-level candidate, while you may start with the same salary as your peers after your first end-of-year review, that's when the pay gap starts. Bloomberg does not disclose their data on employees' wages, b. Still, some colleagues are transparent with one another, so it's easy to find out who's making more, and most of the high earners are white men and white women in second place. Inclusion: They do a poor job of informing employees of all the leadership opportunities within Analytics. On some occasions, you'll walk into work the next day and find out a co-worker was selected to lead a campaign or selected as a point of contact for a specific product or promoted to Deputy Team Leader (assistant Team Lea. There wasn't an interview or application process present to give everyone a chance to apply. It was handed to them (favoritism and white privilege)! Limited Career Progression: Bloomberg's management hierarchy is flat. Meaning leadership positions are limited to Deputy Team Leader, Team Leader, Department Manager, Regional Manager, Global Head, and then there is the Management Committee where Michael Bloomberg sits on. The management committee comprises white men and women (mostly men) who are old and conservative, and they wonder why they struggle with retaining Black and Brown talent. The same managers hold leadership positions year after year. The same managers are promoted unless one of them quits, gets fired, or transfers to another department. They rotate them from one role to the next. Lack of Technical Transferable Skills: Bloomberg wants to be the Google or Microsoft of Financial Data Software. Meaning 98% of the tools you'll use in Analytics are specific to Bloomberg. You're a Product Specialist. There is nothing wrong with that, but that's not how the role is presented. A lot more companies use Google and Microsoft compared to Bloomberg's software known as the "Terminal." Unless you plan to work at Bloomberg until you retire and stay in one department, it's more advantageous and attractive to employers if you know how to use other software such as Salesforce, Tableau, or SaaS and programming languages such as SQL or Python. Strict Work Schedule: Analytics is a queue-based role. You must be in queue precisely at your start time, and your lunch break is assigned to you. If you're assisting a client and it's time to go to lunch, you must finish helping the client before you can go to lunch so sometimes, you'll only get a 30-minute break. Work-Life Balance: Even though Analytics is a shift-based role, you'll constantly find yourself working long hours to catch up on client requests or studying to pass an exam. Some of the exams are stupid and the information is useless outside of Bloomberg. You're also required to work some weekends and holidays. The company is open all year round. Performance metrics: It's a numbers game. It's either you hit your target or didn't. They don't care why you didn't hit your target regardless of if the issue is with their workflow. If you're white and a butt kisser, they'll look past it. You're also ranked against your peers, which isn't always fair because they will evaluate an employee who's been in the role for only six months against an employee who's been in the same position for two years. The knowledge and experience are not on the same level. Resistance to Adopt WFH Culture: Bloomberg thrived during the pandemic. The company's revenue increased. Their employees kept the company running while dealing with a deadly virus, parents had to juggle work and virtual school and civil unrest across the country, and how did they repay them? By giving all employees a four-week notice to return to the office three days a week. If you moved out of state and couldn't comply, you were let go or had to resign. Depending on your Team Leader or manager, some will give you a hard time if you can’t make it in three days a week regardless of if you can get the work done from home just the same. The company eventually plans to resume employees coming in five days a week.

      Continue reading
      20 people found this review helpful
    4. 5.0
      Former Intern

      Global Data Analyst Seoul Intern

      Nov 11, 2021 - Global Data Analyst 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      - Great company culture - Rich career opportunities and learning experiences - A philanthropic institution - Great benefits and compensation

      Cons

      There is no particular downside I can think of

      Be the first to find this review helpful
    5. 5.0
      Former Employee, less than 1 year

      Internship Review

      Nov 9, 2021 - Internship in New York, NY
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Bloomberg has great benefits for all roles

      Cons

      Bloomberg does not have any cons

      Be the first to find this review helpful
    6. 5.0
      Current Employee

      great

      Nov 2, 2021 - Customer Service Representative in London, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      great benefits for all employees

      Cons

      mainly horizontal careers instead of vertical

      Be the first to find this review helpful
    7. 5.0
      Former Employee, more than 3 years

      Great company

      Oct 28, 2021 - Research Analyst in New York, NY
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great company culture, great benefits, opportunity to move up or laterally to try new things in the organization.

      Cons

      I can't think of any.

      Be the first to find this review helpful
    8. 4.0
      Former Intern

      Intern

      Nov 7, 2021 - Intern in New York, NY
      Recommend
      CEO Approval
      Business Outlook

      Pros

      great benefits, great culture, community service

      Cons

      low pay, hard to go from cross department

      Be the first to find this review helpful
    9. 4.0
      Current Employee, more than 8 years

      Good but not great

      Nov 3, 2021 - News Reporter in New York, NY
      Recommend
      CEO Approval
      Business Outlook

      Pros

      stable, smart, quality people, good culture, great benefits, ethical

      Cons

      News has no clear leadership and the vision for news has always been compromised by rest of the business

      Continue reading
      1 person found this review helpful
    10. 5.0
      Current Employee

      Bloomberg relationship manager

      Oct 11, 2021 - Relationship Manager in New York, NY
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great benefits, great work/life balance - very rarely work past 5PM

      Cons

      Deal with a lot of office politics

      Be the first to find this review helpful
    Viewing 1 - 10 of 351 Reviews

    Popular Careers with Bloomberg L.P. Job Seekers

    JobsSalariesInterviews

    Work at Bloomberg L.P.? Share Your Experiences

    Bloomberg L.P. logo
    or