Compare Bloomberg L.P. vs Bloomberg Industry Group BETASee how working at Bloomberg L.P. vs. Bloomberg Industry Group compares on a variety of workplace factors. By comparing employers on employee ratings, salaries, reviews, pros/cons, job openings and more, you'll feel one step ahead of the rest. All salaries and reviews are posted by employees working at Bloomberg L.P. vs. Bloomberg Industry Group. Learn more about each company and apply to jobs near you.
- Bloomberg L.P. scored higher in 8 areas: Overall Rating, Career Opportunities, Compensation & Benefits, Senior Management, Culture & Values, CEO Approval, % Recommend to a friend and Positive Business Outlook.
- Both tied in 1 area: Work-life balance.
What Employees Say
- "Free food" was the most mentioned Pro at Bloomberg L.P..
- "Work life balance" was the most mentioned Pro at Bloomberg Industry Group.
- "Long hours" was the most mentioned Con at Bloomberg L.P..
- "Work environment" was the most mentioned Con at Bloomberg Industry Group.
I worked at Bloomberg Industry Group full-time for more than 5 years
The benefits are top-notch and inexpensive. You'll have to look, but you will find good people to work with here. The 'Bloomberg' name may help burnish your resume, provide you stick it out for... at least 3-5 years.
As there's limited ability or desire to reward top performers, they leave and you're left with mediocrity. This is across the board, from the analysts (who likely have never practiced within the... spaces they're analyzing) to management to rank-and-file. This results in maybe 100 people out of 1000 who are actually moving things forward, and 900 walking in circles, oblivious to even the concept of forward momentum. There's something quite old school about the company as well, despite the "Bloomberg" remodel, snacks, and fish tanks. Despite having the backing of a multibillionaire, initiatives are typically rote and pedestrian, expected. Outside of the box thinking is encouraged in public, but rarely celebrated and initiated in practice. To put this another way, Bloomberg Industry Group performs innovation, rather than genuinely embraces innovation. While every corporate environment has drama to some degree, Bloomberg Industry Group's drama is quite sophisticated and intricate. It's very feudal and 'Royal Court' rather than in your face and direct. Those that engage in the office politics aspect of employment are well versed in the art of the professional takedown with a smile on their face. (One would think that the effort expended upon sexless 'Dangerous Liaisons' level machinations would be better suited for work performance...) There's no real mechanism for dismissal at the company, no real consequences for lack of performance. I suspect many people at the organization understand that and modulate their effort down a notch to match the culture. Finally, the organization has done an absolutely horrible job with work from home, return to office, and hybrid/remote work opportunities. This is another place where the company is quite archaic and quite reticent to embrace the obvious paradigm shift in white-collar corporate America. They are obviously working towards a full return to the office and obviously have been cagey about details due to the lack of enthusiasm regarding a full return to the office. (If for the better part of a year, the company has been essentially bribing employees to return with premium food and free Uber trips in, but nobody is taking them up on the generous bribe--it's your culture rather than a genuine fear of coronavirus.)
Advice to Management
I honestly think the culture is so engrained, that the vortex towards the bare minimum and the mediocre is a part of the company itself, that any advice I'd offer would result in managerial issues,... where they'd be painted as being 'difficult to work with.' Perhaps focusing more on competence rather than plastic, obviously false congeniality and camaraderie would move the company in a better, more positive direction.