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Good starting point, but lots of legacy tech

Software Engineer
Current Employee
Has worked at Bloomberg LP for less than 1 year
September 1, 2023
4.0
Pros
  • Decent health benefits: normally $25 copay for PCP and $40 copay for specialist.
  • OK WFH reimbursement: $500 pre-tax money on your paycheck.
  • Decent 401k match up to about $7500, fully vested after 3 years though.
  • Decent work-life balance if you are not on a busy team.
  • Free access to Bloomberg terminal.
  • 50% reimbursement on wellness each year (Bloomberg will pay you at most $300).
  • Tuition reimbursement around $10K per year, subject to manager approval.
  • Free entry to many museums in NYC with Bloomberg badge.
  • Great team mobility if you want to switch teams.
  • Around 20 paid leave days and unlimited paid sick days.
  • OK green card policy (H1B + 1 year for new grads).
  • Free access to Bloomberg terminal and the news website.
  • Decent pantry but no real breakfast or lunch.
Cons
  • Lots of legacy tech. Depending on the team, you need to code in Fortran and work on Solaris/AIX machines that VS Code does not even support.

  • Lots of internal tech which are not pleasant to use. Almost nothing related to the Bloomberg Terminal is modern.

  • Development workflow is extremely lagging for lots of teams. No CI/CD, no linting, no formatter, no Docker. Your service will run on a barebone VM instance. Be ready to spend lots of time on figuring out how to build and ship your code.

  • Most teams adopt the Scrum methodology, so expect daily stand-ups. Some teams have stand-ups two to three times a week.

  • Opaque performance evaluation and salary bumps. People say there is a magic formula to determine your salary increase.

  • Your badge in/out times show up on your profile and after your email address.

Additional Ratings

Work/Life Balance
5.0
Culture and Values
5.0
Diversity, Equity, and Inclusion
5.0
Career Opportunities
3.0
Compensation and Benefits
5.0
Senior Management
3.0

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Bloomberg LP Interview Experiences