Joke Department, Legit Company - Global Data Analyst Bloomberg Employee Review

2.0
4 Jul 2019
Recommend
CEO approval
Business outlook

Pros

Bloomberg is a legit and well respected company. The CEO is amazing and some awesome colleagues. Plenty of young colleagues (if you're younger and starting out). Volunteering activities are great. Company is serious about philanthropy.

Cons

Global Data is a joke and a revolving door for college grads. They make you go through a fairly lengthy interview process, but the full-time role is a joke. Trust me when I say that you're not doing anything finance related. You're in a back-office role doing manual data entry which can be automated at any time. In fact, Bloomberg is pushing for automation so I wouldn't be surprised to see Global Data dissolved. Also it really matters which team you land on. No matter what, STAY AWAY from fixed income. Specifically the mortgages team and to some extent bonds. You'll be going through all the same issues as everyone else in Global Data but with A LOT more work than your non-fixed income colleagues. Besides Global Data being a joke, be prepared to face A LOT of politics. There's politics all over the place. Since there's so many fresh college grads, it feels like college with college drama. "Senior leaders" are outdated. Some have been with the company for several decades simply because of their connections. In fact, since there's so many people for so few TL spots, the only way to move up is to be friends with management. You get "unlimited sick days" but no one takes them because there's a stigma. If you do end up taking one, if it's Friday or Monday, be ready to face judgement when you're back. Work from home is also so so hard to get. It's pretty basic these for companies to offer this, but the company doesn't want to set a standard of working from home daily. Thus, managers are encouraged to not let their teams work from home. As for career prospects after, there's very little. Poor at best. Think about it, you're not doing finance so no banks want you. Since you're doing data entry all day, you're not developing technical or finance skills. Also you're working with Bloomberg systems which isn't applicable to other companies. If you were working with SAP, Qlik, Tableau then that would actually be useful but you're not. Lastly, the location sucks. You're not in Princeton, you're in freaking- Skillman, New Jersey. Never heard of it? Exactly.

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Pros

Free food, good salary, incredible Pro Bono opportunities

Cons

Lack of flexibility around RTO policy

5.0
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Pros

Only a five-hour-per-week time commitment, which is very manageable with my class schedule. Bloomberg provides ideas for challenges and activities to host at my school, so I would not have to come up with everything from scratch. There is flexibility to choose when I table and to tailor the role around my schedule.

Cons

The budget for the program is tight, which is frustrating because advertising to law students is exactly how Bloomberg Law builds a dedicated user base. In my opinion, whoever makes the budget is not seeing the bigger vision. A lot of attorneys may not like Bloomberg Law, use it regularly, or ask their firms to purchase a subscription simply because they were never meaningfully exposed to it in law school. This is exactly why Lexis has taken over in such a big way: its presence and budget are felt at law schools across the country. If Bloomberg wants future attorneys to become loyal users, it needs to invest more seriously in reaching students while they are still learning which legal research platforms they prefer.

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