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Bloomberg L.P. Software Developer Reviews

Updated 27 May 2020

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4.2
96%
Recommend to a Friend
99%
Approve of CEO
Bloomberg L.P. Founder Michael R. Bloomberg
Michael R. Bloomberg
53 Ratings
  1. "Overall great place to be"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Financial Software Developer in Skillman, NJ
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bloomberg L.P. full-time for more than 5 years

    Pros

    - Been here over 5 years, always have been encouraged a healthy WLB. - the work has always been interesting - Food is great (NJ office). - Internal mobility is encouraged. - philanthropy is highly encouraged and it feels good to work for a place trying to make the world better

    Cons

    - Seems a lot of teams have trouble defining clear roles / roadmaps / expectations. - Some teams just simply have lazy people (but I guess that's anywhere)

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  2. "Great place to work"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Software Development Engineer 
    Recommends
    Approves of CEO

    I have been working at Bloomberg L.P. full-time for less than a year

    Pros

    It's great you don't need to be a manager to growth in your career. All the benefits including Sick days, healthcare, lunch, and snacks.

    Cons

    Long hours depends on the team

  3. "Company review"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Software Developer in New York, NY
    Recommends
    Negative Outlook
    Approves of CEO

    I worked at Bloomberg L.P. full-time for more than a year

    Pros

    Great atmosphere, wonderful people, excellent perks. Very good training program for fresh recruits to catch up to company operations standards.

    Cons

    As with most financial-tech space, most of the tech stack is quite outdated and imbuing any new ones takes time and become quite mature or even outdated by the time they're part of the workflow.

  4. Helpful (4)

    "Senior Software Developer"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior Software Developer in New York, NY
    Recommends
    Positive Outlook
    No Opinion of CEO

    I have been working at Bloomberg L.P. full-time for more than 5 years

    Pros

    Finance is a diverse and challenging problem domain, and Bloomberg has a lot of very interesting technical problems and solutions. I have excellent technical coworkers, and Bloomberg has a culture that gives substantive raises to good developers so they stick around more than the typical 2-3 years.

    Cons

    30 years of technical debt, in the form of a terribly written Fortran codebase and a very strange software architecture, are a lead weight on current and future development if you get stuck on the wrong team. There's a clear path forward to sideline and replace these technologies, but it's a long ways away for a lot of groups.

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  5. Helpful (30)

    "Worst company I've worked at"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Software Developer in London, England
    Doesn't Recommend
    Negative Outlook
    No Opinion of CEO

    I worked at Bloomberg L.P. full-time for more than a year

    Pros

    It's a widely respected company with a good graduate program, on the job training and (in theory) career improvement. There are free snacks (but not meals, unless you count breakfast at 6AM and dinner after 8PM - I kid you not). The money is good (before tax!) and there are yearly pay reviews which can be generous if you're fortunate enough to have helped the company out in some way (like fix a disastrous outage) or are especially sycophantic.

    Cons

    Bloomberg is a big company organised into product silos and where you land will make all the difference to your experience (hence the polarity of opinion here). You may or may not end up with an idiot for a team leader, you may find yourself working on proprietary systems, completely isolated from industry standards, business practices and protocols, you might be working in a team with no social cohesion whatsoever. And things can change radically overnight. The team whose company you do enjoy might need you to work on another project in another team or the boss with whom you have a good working relationship might suddenly move back to the US and a clueless, dogmatic, despotic, company-man appear in his place. The hours are long and you will find plenty of colleagues, bereft of social lives, who will show you up by arriving early and leaving long after you go home. Although you will be contractually obliged to work 9 hours per day, expect to consistently work at least 10, many work 12 hours or more. You might work there for years and never have anything challenging or important to work on. There is a company policy known as keeping-the-lights-on which translates to if-it-ain't-broke-don't-fix-it meaning the rate of development progress can be slow as molasses. This is especially frustrating and can be soul destroying for the creatively minded. Technologically, Bloomberg is incapacitated by decisions made decades ago and its terror of losing market share is tangible. This manifests as the front-end looking like something from the 1980s but, worse still, developers are forced to use company-specific versions of tools and programming languages, meaning they will not be able to keep up-to-date with modern versions and practices which is poison for career programmers. It lacks effective testing frameworks and the majority of teams are required to develop, test and release everything themselves, at their own peril. Some teams do have dedicated roles for QA and deployment but there's no company-wide policy. Expect to be called regularly at weekends and unceremoniously at 2AM because the network undergoes maintenance every day and anything consuming tick data will set off alarms when it stops arriving. Promotion to positions of authority is patently based on the Peter Principle and micromanagement and an absolutely obsessive focus on negativity are the norm. It's well known that the Team Leaders and managers often form cabals so just one of them not liking you could spell game over for your position at the company. If this happens, get out before they fire you, and they will - you have been warned.

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  6. Helpful (2)

    "Software Developer"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Software Developer in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Bloomberg L.P. full-time for more than a year

    Pros

    Great Firm Great Benefits Very relaxed/chill work Flat structure

    Cons

    Your work highly depends on your department. You could have an extremely dynamic and exciting job/team or not so much. No equity like other firms Very flat structure. So much so that a promotion could be 5-10 years away (depends on department)

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  7. Helpful (1)

    "What it's like inside the company."

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior Software Developer in New York, NY
    Recommends
    Negative Outlook
    No Opinion of CEO

    I have been working at Bloomberg L.P. full-time for more than 5 years

    Pros

    Friendly coworkers and work environment.

    Cons

    Too much in-house technology.

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  8. Helpful (13)

    "Greatest company I've ever worked for"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Software Development Engineer 
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bloomberg L.P. full-time

    Pros

    -donates over 90% of profits to charity => creates a friendly, altruistic culture -strong initiatives in the diversity and inclusion space; safe space for marginalized groups -great leadership; I've been well groomed in my role for success

    Cons

    sometimes things get siloed in such a large organization

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  9. Helpful (1)

    "Great employee retention"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    Current Employee - Senior Software Developer in New York, NY
    Approves of CEO

    I have been working at Bloomberg L.P. full-time for more than 5 years

    Pros

    I have worked here for 7 years and am always happy with my work.

    Cons

    Tech stack is a little bit different from Industry

  10. Helpful (7)

    "Software developer"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Financial Software Developer in London, England
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Bloomberg L.P. full-time for more than a year

    Pros

    - New London office is very nice - Good management: My team lead, manager, manager^2, and manager^3 are all excellent. They're enthusiastic, know the product and have programming backgrounds. I'm confident about the direction they're leading my team in and the work we're doing, and they're invested in cleaning up the tech debt created by previous management. They also know and care about the team, each of them knowing me, my skills, shortcomings and desires. My team lead especially has pushed to give me opportunities to advance and have a greater positive impact at Bloomberg. - Good compensation

    Cons

    - Legacy tech stack. We're working on cleaning this up, but in the area I work there's a considerable amount of C and Fortran code. Most of it quite nasty. C is converted to C++ when we touch it, and fortran is 99% just being read to debug a problem, and not modified. I have had to change it a few times though in the last 12 months. - Long hours. 8-6 is the contracted hours, but I work more like 8:30-6. Manager is explicitly not-fussed about what time you arrive or leave, as long as you get your work done. I'd rather work 9-5, but I'm paid enough to live with it.

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Found 260 reviews