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You can come in any time you like, but you can never leave..

Senior Software Developer
Current Employee
Has worked at Bloomberg LP for less than 1 year
January 7, 2012
New York, New York
2.0
Doesn't RecommendNo CEO Opinion
Pros

Great benefits package.

Smart and stimulating colleagues.

Opportunity to learn about the world of finance.

Regular working hours after you have been here for a while (more or less).

Pay is good in good years. At the first sign of a lean market, the incentive pay is disproportionately reduced.

Great place to stay if you have kids and need an easy job to coast through, or are waiting to collect Social Security.

Cons

Technologically in the stone age. Once you are here for a while, it is very hard to get another tech job outside as your skills deteriorate.

Absolutely no opportunities for growth. Management does not really care about the growth of their employees. They just provide lip service with all the latest initiatives as they have to tackle the alarming attrition rate.

Senior management is very old school and does not know how to run a 21st-century knowledge shop. It is a very 1980s mafia-style work culture. Loyalty and the appearance of loyalty are prized above everything else. The New York Times called it a 'digital white-collar sweatshop'.

There is no thought given to software processes. It is a single-minded focus to get stuff out to clients as fast as possible without regard to quality. As a result, the product is a hotchpotch mix of applications which no one understands how to use. In their rush to get products out, they have made some really bad software decisions which they have then spent man-decades correcting.

Advice to Management

Umm, right. Like they will listen.

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