Bloomberg salary progression

For those of you who work at Bloomberg, what is your salary progression each year like?

IMS Health bigO() Jul 17, 2019

If you did get Bloomberg’s offer or if done with Interview, can you please tell us your study stats?

Ultimate Software oKCf11 OP Jul 17, 2019

What do u mean by study stats

IMS Health bigO() Jul 17, 2019

LC? Ctci? Epi ? Or any other resources you used. Many blinders are targeting Bloomberg, but couldn’t make it yet. Your input will help everyone

Apple tango_char Jul 17, 2019

If are you are breathing you should get about 5% If you are above average 8%-10% is not unrealistic

Google curiousing Jul 17, 2019

So every year the salary will grow by 8%? And this is by your performance not title right?

Bloomberg cg_ny Jul 17, 2019

There are no titles or levels at Bloomberg.

Google curiousing Jul 17, 2019

Really? It seems there’s senior SWE vs entry-level? So the salary is based on performance? But who will evaluate your performance?

Bloomberg cg_ny Jul 17, 2019

Well technically there is senior vs junior, but it doesn’t show up anywhere, it’s purely an HR thing. If you get hired as junior you will automatically become senior after 3 years, regardless of performance. But I would still recommend applying for Senior SWE role if you have 2 YOE or more. Your manager (and his manager) will evaluate your performance. There are of course managers here, even though there are no titles. Salary increases are based on performance (as is bonus; no stock obviously), yes. But because there are no levels, there are also no “promotions”, except promotion to manager.

Bloomberg cg_ny Jul 17, 2019

It’s actually not a bad system. People are much less stressed because they aren’t chasing a “senior” or “principal” title.