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Bloomberg

Mission: Bloomberg harnesses the power of information for people who want to change the world. We help our clients turn data into insights so they can cut through complexity to solve challenges great and small.
Locations:
New York City, New York
England, None
Shanghai, None
Hong Kong, None
Employees: 21261
Funding:
  • Private Company
  • Over 7 Acquisitions - 2009 - 2016
  • none

Company Q&A

Q: Does Bloomberg have a maternity leave policy?

Q: Do team members work from out of office?

Q: In what forums are team members provided with feedback?

Q: In what ways do leaders provide feedback to teammates?

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Team Members

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Jobs At Bloomberg

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Bloomberg  •
New York City, New York
New York, New York
2019 Software Engineer Intern New York, NY Posted Aug 20, 2018 -...
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Bloomberg Salaries

30 40 50 60 70 80 90 100 110 10% 20% 30% 40%
Top 25%
$128,373
Average
$103,214
Bottom 25%
$72,037

Testimonials

What employees at Bloomberg think about working there

“Really a market leader that started from one innovative thinker able to see what the trading market of wall street could be in terms of information transparency, giving equal opportunity. These values have stayed consistent throughout the companies history, as it continues to provide key information for people on their day to day work. It really feels great to work for such an integral company in our societal framework.”
“Although I definitely like working for Bloomberg, the people are great, the environment is pretty positive, and the prestige that comes with working here is nice, it very often feels like the company cares more about how you do something instead of the actual output of your work.”
“As with many large companies Bloomberg runs into the problems of too many processes, too long to implement things, and just the general frustration of having to deal with layers upon layers of management. These problems are definitely present, but they've done a really good job at keeping them in check while addressing critical issues as they arise.
“There are some really hard working and intelligent people at Bloomberg. Not an easy job to get because it's so competitive and so many people know of it, but once you're in you're definitely treated well. Beautiful offices and lots of opportunity to travel around the world. The work can be tough at times but overall not that bad.”
“If you're looking for a perfectly balanced workplace that treats all of its employees equally depending on the quality of their output, turn away from Bloomberg. An older management style filled with yes men that ignore women and only pay diversity lip service with no real goals of implementing change.”

Bloomberg Glassdoor Themes

Job Perks

The benefits at Bloomberg are better than at any other company I’ve worked for. I don’t have to shell out for healthcare premiums and the insurance plan covers me for pretty much anything.
The offices are amazing, and I can spend what I need to do my job right. Snacks are unlimited. This means two things: You might put on a bit of weight and you’ll almost certainly spend less time going out for coffee.

Culture

My managers have always been easy to talk to. They seem to care about people’s careers at Bloomberg, and this instills a healthy team spirit in me and my colleagues.
The top-down style of management can create a feeling of community. But some of my colleagues say that it makes them feel unfairly persecuted. They claim that promotions are clearly based more on your manager’s opinion of you than on your performance.

Corporate Structure

While the company hierarchy is fairly rigid, it’s also responsive if you’re ambitious and interested in moving up. You just need to work in a way that makes it obvious to your manager that you want to advance, and you’ll get those opportunities.
As a reporter, I sometimes got the bizarre feeling that my compliance with the protocols and conventions of Bloomberg was actually what mattered, rather than anything I actually wrote.

What's a day in the life like at Bloomberg

“People looked at me like I was a madman when I quit my job as a junior reporter at the Times to work for Bloomberg News. That was five years ago, and at first when I ran into old colleagues on the street they seemed to be kind of embarrassed for me. Now, more and more of those old colleagues are getting in touch with me and asking how they can get jobs at Bloomberg. Not that it’s perfect here, but Bloomberg is offering a few things that other news outlets aren’t: job security and a decent paycheck for motivated, hard-working journalists.

The Bloomberg News headquarters is unlike any news bureau you’ve ever seen. There are no private offices, no elevators--no enclosed spaces of any kind. More than anything else, it looks like a Wall Street trading floor. It’s as if they designed the office of People magazine to look like Paris Hilton’s living room.

With all this open space, there’s not much opportunity for screwing around. Everyone does their best to stay busy. There’s even a well-stocked table of junk food and coffee, so you have no excuse running out with your pals every few hours. When you sit down at your desk, management tracks your keystrokes so they know whether you’re procrastinating on that piece about Canadian steel tariffs. Speed is a big deal at Bloomberg News. The in-house style book, The Bloomberg Way, counts it as one of the “Five F’s”. The “Five F’s” make up the essential ingredients of any publishable story: these are “first, fastest, factual, final, and future.”

The focus on process is one of my main issues with the work we do at Bloomberg News. There’s very much a formula for the stories we write. Sometimes I think that this formula inhibits the kind of creativity that wins Pulitzer Prizes, but the truth is, Bloomberg News is winning awards for its coverage anyway. One reason is that Bloomberg is outspending its competitors. We’re hiring more journalists and paying them more, on average, than any other outlet. The days are long, the work can be formulaic and a bit boring but nowhere else will your editor be so willing to sign off on a flight if you need it for your story. And nowhere else will you have such good benefits. Once you’re here, you’ll find it hard to leave. ”

How much paid time off do you get at Bloomberg?

“New employees at Bloomberg start at 20 days of paid time off per year, but can work up to a

maximum of 25 days per year if they stay at the company. There’s no limit to the number of sick

days you can take.”

How would you describe the offices of Bloomberg?

“Bloomberg is a wealthy company and its offices are usually located in beautiful, modern buildings. Bloomberg is known for its lack of private workspaces. People often comment that the offices look a bit like trading floors.”

What are the bonuses like at Bloomberg?

“Employees at Bloomberg tend to view their bonuses as generous. Exact figures vary by position and performance. Bonuses are annual and follow an annual performance review.”

What's the work culture like at Bloomberg?

“The work culture at Bloomberg is pretty strong. In general people have a very strong connection to the company and definitely have a positive view and attribution of it. This can both be a negative and a positive though.

I really like that I'm working somewhere people like to work at. The core reason is that people are generally in a more positive mood. Too many times I've worked at companies where all people do is complain that the company is out to get them. Most of the people I've met have a really positive view of the company, and it generally makes them more enjoyable to work with.

This also works in the reverse though for certain people. Some people have an inflated sense of self worth because they feel like they work at a top company. It leads to people not actually doing the work they should be doing, and pushing complaints to other employees creating a more aggressive work dynamic.”

What advice would you give to someone interviewing at Bloomberg?

Successful Bloomberg applicants cite the importance of being personable and positive during interviews. You will need to show that you surpass ordinary expectations in terms of your capabilities and work ethic.

What's something you really like about Bloomberg?

Love the offices that we get to work in and that we can also travel around the world (expensed by the company depending on your role), to visit the different offices. The London, UK office is maybe one of the most beautiful offices in the world.

How would you describe the pace of work at Bloomberg?

I would definitely say that working at Bloomberg can be intense at times, but with so many formal processes and with decisions sometimes taking a long time to be made, the pace can definitely slow down. Bloomberg expects high quality work, but it's really up to you if you want to choose a super fast pace or a more relaxed one.

Would you say Bloomberg is the final step of your career?

“Honestly this is a really tough question to ask and I would say you're probably not asking it in the right way. It really depends what you're looking for in terms of your last step in the career, and if bloomberg aligns with that last step.

If my last step were to work at an international corporation like Bloomberg, and climb the ladder to reach the top, eventually managing a large team and large budget, then Bloomberg would be the perfect place for me.

If I was looking for an environment that provided a ton of real value to the world, like green peace companies or such, than Bloomberg wouldn't be a good place for me.

I really like how Bloomberg is positioned in the market, so I could definitely see it being a 'final step' in my career. All this depends on what opportunities arise in the future and how my life my change. Any company can be a final step if that's what you really want to be working.”

About Bloomberg

Bloomberg L.P. is a New York-based financial software, data, and media company. Its best-known product is Bloomberg Professional, which many call by its nickname, the “Bloomberg Terminal.” The Bloomberg Terminal is a subscription service that provides investment firms with information, analytics, and direct access to global markets. The Bloomberg Terminal has long been an industry standard in finance. Its profitability has enabled Bloomberg L.P. to undertake important expansions into news media and, more recently, government analytics. Bloomberg Professional (The Bloomberg Terminal) After the sale of Solomon Brothers, former partner Michael Bloomberg used his severance pay to start Bloomberg L.P. The company’s product was a computer that Bloomberg himself had designed. This computer--the “Bloomberg Terminal”--operated on a proprietary network, providing instant financial analytics to subscribing Wall Street banks. The Bloomberg Terminal also enabled instant messaging and facilitated trading on worldwide markets. Bloomberg Professional grew to surpass Dow Jones and Reuters as the standard among major investment banks. In its key functions and design features, the Bloomberg Terminal has retained the basic form of the early terminals of the early 1980s. Bloomberg software engineers describe the challenge of keeping their iconic system up to date. They must meet the demands of an ever-growing user base for higher speeds, while ensuring that their changes don’t alienate long-term users. Challenges like these come hand in hand with the kind of market dominance that Bloomberg enjoys. Bloomberg News Bloomberg L.P. started Bloomberg News in 1990, as a supplement to the analytics that it distributed to Bloomberg Professional users. Insiders like to describe the relationship between Bloomberg Professional and Bloomberg News as a “virtuous cycle of influence”: by this they mean that Bloomberg News strengthens the Bloomberg Professional service, while Bloomberg Professional funds Bloomberg News. The money that the Bloomberg Terminal makes available has given Bloomberg News an advantage against its struggling competitors in the news industry. Free from a reliance on ads or newspaper subscriptions, Bloomberg News is expanding. Once the but of jokes, Bloomberg News is luring celebrated journalists and producing acclaimed news coverage. It makes no bones about wanting to be the most powerful news media outlet in the world.

Values and Beliefs

Transparency From the way it presents its products to the design of its corporate offices, Bloomberg consistently presents “transparency” as one of its defining corporate values. Bloomberg can claim that it is transparent because it makes efforts to stay ideologically neutral and internally accountable. For Bloomberg, these values are a matter of corporate life and death: to keep its spot as the world’s preeminent financial information company, it must guard guard its reputation as a neutral purveyor of information. Similarly, Bloomberg relies on accountability mechanisms to keep its employees productive. It is notable that there are no private offices at Bloomberg. In theory, this means that the highest executives are accessible to the lowest lackeys. But in practice, many employees say that open offices are part of a larger culture of surveillance. Employees are accountable to their bosses in everything they do. Loyalty Loyalty is important to Bloomberg, as one might expect for a company that’s been so dominant for so long. Many Wall Street firms have been using Bloomberg Terminals since the early 1980s. Bloomberg pays close attention to its customers. Customers require a product that retains the basic structures of the original while changing to reflect the transforming needs of traders. The designers of the Bloomberg Terminal stress how loyal some of their customers are to the original product. Bloomberg Terminals still display text against a black background, like early MS-DOS computers did; changing even the font can make customers angry.

Interview Questions

“Why do you want to leave your current job?” This question is phrased as a negative, but be sure that you don’t give an overly negative answer. A negative answer creates ambiguity in your interviewer’s mind: is it your current job that’s the issue or is it you? Instead, try to give the impression of an amicable separation. Summarize what you’ve learned at your current job, and say that you’re ready to apply your knowledge in a new setting. Here you have another opportunity to stress what excites you about the job at Bloomberg. What new opportunities will you have at Bloomberg that you don’t have at your current job? “Why do you want to work at Bloomberg?” The “why do you want to work here” question is almost certain to come up during your interviews at Bloomberg. And it’s a question that Bloomberg management takes seriously. Zach Haehn, head of Bloomberg R&D in San Francisco has lamented developers who show up for their interview knowing very little about the company. When you answer this question, you should emphasize how your own values are reflected in the values, culture, and direction of Bloomberg. Are you excited by the prospect of working for an industry-leading analytics and media company? Why? Try to paint a picture for your interviewer: Not only are you the ideal candidate for a job at an industry-leading company; you are the type of person who’s committed to extending Bloomberg’s reputation for leadership into the future. “Where do you see yourself in five years?” It should go without stating that your interviewers want to hear that you’re interested in sticking around. A good response will convey that you see a job at Bloomberg as desirable in the long term. At the same time, it’s not a bad idea to show a little bit of ambition in your answer. The best employees are always interested in improving. Are you interested in moving around? Bloomberg is a large company and one day down the road may be able to facilitate a transfer --say, from Princeton, NJ, to New York. You should also demonstrate a willingness to assume more responsibility as you become comfortable with your job at Bloomberg.

History

Bloomgberg was initially founded in 1981 when Salomon Brothers was acquired and a general partner of the firm 'Michael Blloomberg' was given a $10 million severence package. With the money Michael Bloomberg received from his severence, he started Innovative Market Systems (IMS), a computerized system to provide real-time market data and financial calculations for Wall Street Firms.

With a $30 million investment by Merrill Lynch in 1983, IMS developed "the Bloomberg" terminal computer system and started selling these terminals to Merrill Lynch's clients. By 1986 the company already had received massive success, having installed more than 5,000 terminals. With the success came the name change to Bloomberg.

Bloomberg has stayed a private company since its founding with the majority being owned by Michael Bloomberg. With continuing diversification into different business areas, Bloomberg has stayed a consistent point of contact for any company and real-time financial data.