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Average Bloomberg Salary By Location, Job Title, and Department

Updated August 22, 2022

$126,204yearly

To create our salary estimates, Zippia starts with data published in publicly available sources such as the U.S. Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center (FLC) Show More

$60.67 hourly

Entry level Salary

$84,000

yearly

$84,000

10 %

$126,204

Median

$188,000

90 %

Highest Paying Jobs At Bloomberg

While Bloomberg employees earn an average yearly salary of $126,204, different roles can command different wages. Some of the positions that earn high wages at Bloomberg include information systems manager, director of quantitative research, team leader, and senior software engineer. A typical information systems manager salary at Bloomberg is $170,480 per year. To get a better sense of the salaries at Bloomberg, other roles such as internship and finance service representative can be considered as well. For comparison, the title internship at Bloomberg earns $49,470 per year.

Highest Paying Jobs At Bloomberg

Rank	Job Title	Average Bloomberg Salary	Hourly Rate
1	Information Systems Manager	$170,480	$81.96
2	Director Of Quantitative Research	$167,524	$80.54
3	Team Leader	$163,222	$78.47
4	Senior Software Engineer	$154,644	$74.35
5	Modeler	$143,773	$69.12
6	Reliability Engineer	$143,745	$69.11
7	Sap/Abap Developer	$143,359	$68.92
8	Application Specialist	$131,733	$63.33
9	Information Technology Senior Analyst	$126,676	$60.90
10	User Experience Designer	$121,875	$58. 59
11	Software Developer	$120,818	$58.09
12	Producer	$111,407	$53.56
13	Consultant	$110,847	$53.29
14	Account Manager	$107,965	$51.91
15	Reporter	$99,681	$47.92
16	Sales Representative	$99,576	$47.87
17	Account Executive	$98,825	$47.51
18	Data Analyst	$95,571	$45.95
19	Research Associate	$95,153	$45.75
20	Editor	$89,301	$42.93

Highest Paying Bloomberg Competitor Salaries

Based on our research, similar companies to Bloomberg are Google, Open Systems Technologies, and Boston Consulting Group. The average salaries at Google rank the highest, with their employees earning an average salary of $140,774 per year. Employees at Open Systems Technologies earn an average of $114,577 per year, and the employees at Boston Consulting Group earn an average salary of $107,566 per year.

Salaries By Bloomberg Competitors

Rank	Company Name	Zippia Score	Average Salary
1	Google	4.9	$140,774
2	Open Systems Technologies	4.7	$114,577
3	Boston Consulting Group	4.9	$107,566
4	Intuit	4.8	$106,118
5	Morgan Stanley	4.9	$103,933
6	Mastercard	4.9	$99,226
7	HERE Holding Corporation	4.4	$99,144
8	Fujitsu	4.7	$98,024
9	TheStreet	4.3	$94,020
10	Orion Systems Integrators	4. 6	$93,542
11	NTT Data International L.L.C.	4.8	$93,179
12	MarketWatch	3.7	$91,428
13	Data	4.5	$88,260
14	Compunnel	4.4	$85,462
15	NETE	4.3	$81,914
16	Nexant	4.2	$81,829
17	Esri	4.6	$79,521
18	Citi	4.9	$75,483
19	DPRA	4.3	$73,187
20	BRTRC	4.4	$72,217

Average Pay By State For Bloomberg

Rank	State	Average Bloomberg Salary	Hourly Rate
1	California	$136,250	$65.50
2	New York	$132,031	$63. 48
3	New Jersey	$125,159	$60.17
4	District of Columbia	$122,656	$58.97

How Much Does Bloomberg Pay By Location?

It’s no secret that workers earn different salaries in different parts of the country, since the cost of living can be much higher in certain areas. At Bloomberg, the employees are paid different salaries depending on their location. Our data shows that Bloomberg employees in San Francisco, CA get paid the most, where the average yearly pay is $142,484. In New York, NY, Bloomberg pays a lower average salary of $132,055.

Salaries By Location At Bloomberg

Rank	Location	Average Bloomberg Salary	Hourly Rate
1	San Francisco, CA	$142,484	$68.50
2	New York, NY	$132,055	$63.49
3	Princeton, NJ	$124,907	$60. 05
4	Washington, DC	$122,728	$59.00

Bloomberg Salaries By Department

Salaries at Bloomberg can vary depending on the department or organizational function. Employees in retail roles earn the highest wages at Bloomberg, with an average salary of $154,919. The engineering department also pays well, with an average salary of $133,980 per year. Departments that don’t pay as well at Bloomberg include the sales and marketing organizational functions, with employees earning $95,707 and $102,019, respectively.

Salaries By Department At Bloomberg

Rank	Department	Average Bloomberg Salary	Hourly Rate
1	Retail	$154,919	$74.48
2	Engineering	$133,980	$64.41
3	IT	$129,013	$62.03
4	Research & Development	$104,950	$50. 46
5	Art/Design	$102,183	$49.13
6	Finance	$102,091	$49.08
7	Marketing	$102,020	$49.05
8	Sales	$95,707	$46.01

How Much Does Bloomberg Pay by Department?

Best Paying Bloomberg Engineering Position Salaries

Rank	Position	Average Bloomberg Salary	Hourly Rate
1	Engineering Manager	$183,230	$88.09
2	Senior Software Engineer	$154,644	$74.35
3	Reliability Engineer	$143,745	$69.11
4	Senior Java Developer	$136,454	$65.60
5	Data Scientist	$126,089	$60.62
6	Database Administrator	$121,299	$58. 32
7	Software Developer	$120,818	$58.09
8	Data Analyst	$95,571	$45.95

Best Paying Bloomberg IT Position Salaries

Rank	Position	Average Bloomberg Salary	Hourly Rate
1	Information Systems Manager	$170,480	$81.96
2	Project Leader	$154,223	$74.15
3	Technical Director	$145,718	$70.06
4	Solutions Manager	$139,454	$67.05
5	Solutions Architect	$139,283	$66.96
6	Information Technology Senior Analyst	$126,676	$60.90
7	Network Engineer	$123,024	$59.15
8	Senior Data Analyst-	$118,658	$57.05
9	Systems Administrator	$116,541	$56. 03
10	Data Center Engineer	$112,023	$53.86
11	Network Technician	$105,985	$50.95
12	Credit Analyst	$104,613	$50.29
13	Implementation Specialist	$95,167	$45.75
14	Technical Support Specialist	$83,666	$40.22
15	Console Operator	$53,277	$25.61

Best Paying Bloomberg Finance Position Salaries

Rank	Position	Average Bloomberg Salary	Hourly Rate
1	Fixed Income Manager	$175,223	$84.24
2	Risk Manager	$137,103	$65.91
3	Quantitative Analyst	$120,152	$57.77
4	Integration Specialist	$117,379	$56. 43
5	Consultant	$110,847	$53.29
6	Finance Analyst	$103,088	$49.56
7	Implementation Specialist	$95,167	$45.75
8	Contracts Administrator	$87,450	$42.04
9	Finance Service Representative	$73,895	$35.53

Recently Added Bloomberg Salaries

Frequently Asked Questions About Bloomberg Salaries

Is the pay good at Bloomberg?

Yes, the pay is good at Bloomberg. Compared to the industry average of $93,970 per year, the average annual salary at Bloomberg is $126,204, which is 34.30% higher.

What is the starting pay at Bloomberg?

The starting pay at Bloomberg is $84,000 per year, or $40.38 per hour.

How much does Bloomberg pay compared to Citi?

Bloomberg pays $126,204 per year on average compared to Citi which pays $75,483. That works out to $60.67 per hour at Bloomberg, compared to $36.29 per hour at Citi.

How much does Bloomberg pay an hour?

Bloomberg pays $60.67 an hour, on average.

What benefits does Bloomberg offer?

Bloomberg offers its employees a fair number of benefits; these include:

• Medical, dental, and vision insurance plans

• Paid time off

• Work from home opportunities

• Flexible schedule

• Yearly bonus

• 401(k) retirement plan

• Fully stocked kitchens at their offices

Have more questions? See all answers to common company questions.

Search For Jobs

Zippia gives an in-depth look into the details of Bloomberg, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Bloomberg. The employee data is based on information from people who have self-reported their past or current employments at Bloomberg. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, h2B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Bloomberg. The data presented on this page does not represent the view of Bloomberg and its employees or that of Zippia.

Bloomberg Salaries | How Much Does Bloomberg Pay in the USA

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$49K

(8 salaries)

-$1K (2%) less than national average Account Manager salary ($50K)

-$27K (43%) less than average Bloomberg salary ($76K)

$50K

$100K

$150K

+$94K (76%) more than average Bloomberg salary ($76K)

“Let’s discuss this in person. Salary question above is not complete.”

+$14K (16%) more than average Bloomberg salary ($76K)

“For the hours put in, along with travel, the pay package needs to be enhanced.”

-$8K (11%) less than average Bloomberg salary ($76K)

See 5 More Bloomberg Account Manager Salaries

$275K

(2 salaries)

+$154K (77%) more than national average Quantitative Researcher salary ($121K)

+$199K (113%) more than average Bloomberg salary ($76K)

$50K

$100K

$150K

+$224K (119%) more than average Bloomberg salary ($76K)

“Pay is highly competitive for people with prior experience.”

+$174K (106%) more than average Bloomberg salary ($76K)

“Highly competitive”

$63K

(22 salaries)

+$7K (11%) more than national average Financial Analyst salary ($56K)

-$13K (18%) less than average Bloomberg salary ($76K)

$50K

$100K

$150K

-$46K (86%) less than average Bloomberg salary ($76K)

“Underpaid because the temp agency takes a big portion of the income. “

-$26K (41%) less than average Bloomberg salary ($76K)

-$46K (86%) less than average Bloomberg salary ($76K)

See 19 More Bloomberg Financial Analyst Salaries

$129K

(11 salaries)

+$38K (34%) more than national average Senior Software Developer salary ($91K)

+$53K (51%) more than average Bloomberg salary ($76K)

$50K

$100K

$150K

+$52K (50%) more than average Bloomberg salary ($76K)

“Underpaid…”

+$54K (52%) more than average Bloomberg salary ($76K)

+$84K (71%) more than average Bloomberg salary ($76K)

See 8 More Bloomberg Senior Software Developer Salaries

$96K

(4 salaries)

+$16K (18%) more than national average Equipment Services Project Manager salary ($80K)

+$20K (23%) more than average Bloomberg salary ($76K)

$50K

$100K

$150K

+$34K (36%) more than average Bloomberg salary ($76K)

“I believe that I bring a great deal of experience as a manager to my role as project manager. I was in charge of a team of 11 people for over 4 years and understand the need to collaborate, lead and listen; all of which are important to the role of project manager. Because of this, I believe that I am compensated well for my experience and expertise.”

+$15K (17%) more than average Bloomberg salary ($76K)

+$21K (24%) more than average Bloomberg salary ($76K)

See 1 More Bloomberg Equipment Services Project Manager Salaries

$134K

(3 salaries)

+$44K (39%) more than national average Senior Developer salary ($90K)

+$58K (55%) more than average Bloomberg salary ($76K)

$50K

$100K

$150K

+$99K (78%) more than average Bloomberg salary ($76K)

“Underpaid as always, lol. I think if you’re working as a technologist in finance, you’ll get paid well, but never well enough to stop and go do your own thing because. .. that’s probably what you would do and your services are needed.”

+$35K (37%) more than average Bloomberg salary ($76K)

+$39K (40%) more than average Bloomberg salary ($76K)

$70K

(3 salaries)

Equal to national average IT Consultant salary ($70K)

-$6K (8%) less than average Bloomberg salary ($76K)

$50K

$100K

$150K

+$95K (76%) more than average Bloomberg salary ($76K)

“What I am getting is not bad, but still I will be very happy if I get more. IT industry is always Win-Win game.”

+$14K (16%) more than average Bloomberg salary ($76K)

-$26K (41%) less than average Bloomberg salary ($76K)

$67K

(2 salaries)

Equal to national average Data Center Hardware Engineer salary ($67K)

-$9K (12%) less than average Bloomberg salary ($76K)

$50K

$100K

$150K

-$13K (18%) less than average Bloomberg salary ($76K)

“The pay is not great, but since this is my first job out of college, I will take it since it is something I enjoy doing. “

-$5K (6%) less than average Bloomberg salary ($76K)

$160K

(1 salaries)

+$79K (65%) more than national average Senior Software Analyst salary ($81K)

+$84K (71%) more than average Bloomberg salary ($76K)

$50K

$100K

$150K

+$84K (71%) more than average Bloomberg salary ($76K)

“I can do more than I’m paid.”

$109K

(1 salaries)

+$11K (10%) more than national average Senior Technical Account Manager salary ($98K)

+$33K (35%) more than average Bloomberg salary ($76K)

$50K

$100K

$150K

+$33K (35%) more than average Bloomberg salary ($76K)

“I think my salary is good compared to competitors. However, I have been reached out for similar roles at slightly higher salary. “

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Quantitative Researcher
is the highest paying job at Bloomberg at $275,000 annually.

Canvaser
is the lowest paying job at Bloomberg at $30,000 annually.

Bloomberg employees earn $75,500 annually on average, or $36 per hour.

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Bloomberg Salary Negotiation Guide

Do we like negotiating with Bloomberg?

Bloomberg is open to negotiating and willing to engage if you share cross-offer details. However, Bloomberg’s compensation structure is fundamentally different than most companies in tech, and they are not able to provide large enough increases to match some of the top paying companies. It is at a more established stage (i.e. not in hyper growth mode anymore) which does make it harder to negotiate to top of band.

Bloomberg’s compensation structure

• Base Salary
• Bloomberg Signing Bonus (not included in all Bloomberg offer packages and might be split over two years)
• Annual Bonus

There is no Bloomberg equity package, which is relatively unique for a tech company as most offer shares to employees to create an ownership mentality and align incentives.

Bloomberg performance bonus targets

Bloomberg’s annual bonus depends on the role, level, personal performance, and company performance. Bloomberg has rewarded top performers with +50% above target bonus, which is certainly competitive (albeit, lower than the 2x and 3x that are theoretically possible at companies like Facebook). Bonus targets are negotiable and quoted as a $ figure – again, this is different from a typical structure. Software engineer targets range $10K-$50K and senior software engineer is $35K-$90K.

Bloomberg’s approach to remote pay

Bloomberg is known to place a heavy emphasis on in-office collaboration. They are aiming to transition to a hybrid model where tech employees will be coming into the office 3 days a week and for the remaining 2 days they work from home. As a result, Bloomberg does not look to favourably upon remote workers and fully remote positions are relatively rare at the company.
‍

It’s worth noting that Bloomberg has also faced significant backlash from employees during covid for premature return to work policies.

Bloomberg’s relocation package

If Bloomberg requires to move to join a specific team, they usually offer a 10k bonus post-tax for new grads. In case of senior levels, you should push for a higher bonus. It’s also possible to negotiate for additional relocation perks (e.g. 2 months of corporate housing).

Most negotiable component

At many tech companies, the most negotiable component is equity, but Bloomberg does not offer that as a part of the overall Bloomberg compensation package. Hence, your best bet is to negotiate the total compensation (i.e. base + target bonus). It is worthwhile to also push for a signing bonus, though these are almost always <$50K which will not make as large of impact compared to a $30K/yearly increase in comp.

Does Bloomberg require written offers?

Bloomberg does not require written offers in most cases but they will ask for other details.

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Some recruiters will also require you to completely finish other processes before negotiating, which is a bit unusual. That said, if you’re very specific with your wording, you can certainly still negotiate while in the interview stage at other companies.

Will Bloomberg go above band if I have a strong competing offer?

Bloomberg has a hard time going above band when you present them with a competing offer. Recruiters are comfortable saying “we aren’t able to pay as well as Google/Amazon” and that can make negotiations tricky. However, that does not mean that they will not increase comp if you play your cards right. It’s just not a sure thing if you are nearing top of band. Due to Bloomberg’s unique leveling structure, it’s usually not possible to push for an uplevel to increase comp when at top of band.

Is my hiring manager relationship important at Bloomberg?

Bloomberg salaries are decided by a compensation team, and the hiring manager relationship is less important vs. at a company like Amazon.

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Recruiters also do not have much control over your compensation, but it is still essential to have a good relationship with them, as they will be the ones advocating on your behalf for special approvals.

What does the hiring process look like at Bloomberg?

The hiring process at Bloomberg typically has four stages: initial recruiter chat (optional), phone coding screen, virtual onsite, and offer stage. There may be a few changes in the process depending on the role, but this is the general format.

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The initial recruiter chat is to learn a bit about your background and why you are interested in Bloomberg.

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The phone screen is typically two Leetcode questions.

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The onsite stage is usually three rounds with two interviews more focused on coding/system design and one behavioural interview.

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If you are successful, you’ll typically get an email from your recruiter asking for a follow up call and then the Bloomberg offer negotiation process will begin.

Does Bloomberg pay well compared to Amazon?

Bloomberg doesn’t have a great comparable company due to their unique comp structure. They are known to have a solid engineering hiring bar and many people also receive offers from Amazon, Microsoft, etc.

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As a point of comparison, Amazon pays much better vs. Bloomberg. For instance, at Bloomberg the highest offers for senior software engineers are around $350k but at Amazon L6 can clear $600K.

What kind of benefits does Bloomberg offer?

While negotiating at Bloomberg, the focus should always be base pay, target bonus, and signing bonus. However, they provide other benefits as well. This includes health benefits such as vision and dental insurance, financial perks like 401k, FSA, Roth 401k and miscellaneous perks like tuition reimbursement, employee credits and discounts, etc.

Bloomberg Equity Vesting Schedule

Year 1

Year 2

Year 3

Year 4

Year 5

Year 5

Bloomberg Levels

Bloomberg Level

Software Engineer

Senior Software Engineer

Equivalent Level at Google

L3

Between L4 and L6

Why use us?

Our Clients Love Rora

Coming from a non-FAANG background, I was shocked to find out how much I could be earning. Before I signed up with Rora, I made the mistake of telling Amazon my current compensation. Thankfully, Rora knew exactly how to fix it and ended up getting me an offer that was 2.3X what I previously made and more than $600K higher than Amazon’s initial offer!

Through several weeks of interviews, Ganesh was always available to make sure I knew what to say for each conversation. I interviewed with start ups, Google, Facebook and Amazon and was really impressed that Rora knew the comp ranges and were able to give me tailored advice for each – even the start ups.

There ended up being two particularly complex moments in my negotiation. One of the start-ups I had a personal relationship with and I wasn’t sure how it would affect the negotiation. I like that there was a focus on my individual circumstances and that they were leveraged to get me a higher offer. The other situation is that Amazon made a mistake on my written offer and initially wouldn’t rectify it. Ganesh was able to guide me through a challenging conversation to get it resolved.

Steve Commisso

L7 Principal Software Engineer, Amazon

Thanks to Wilson and the team at Rora I got a ~$250K increase on my remote Facebook offer! I was initially worried I wouldn’t have much leverage because Facebook reached out to me, and I wasn’t interviewing anywhere else. Rora introduced me to an Amazon L7 recruiter and helped me get that process started. I didn’t even end up needing to finish the Amazon interviews, since we were able to use some early compensation conversations to justify our numbers to Facebook.

At one point I was also considering pushing for an E7 role, and they wrote up a great script for me to broach the subject with my recruiter. She ended up giving me the option to do an additional interview to be considered for the higher-level position.

The whole process was very smooth, and I wouldn’t hesitate to use the service for any future negotiations. I found the regular calls with Wilson where we walked through strategy and discussed the scripts to be extremely helpful. Not only did it help with this negotiation, but I also learned a lot of useful negotiation tactics that I’ve already started to use in other situations.

Chris Jones

E6 Software Engineer, Facebook

As an engineering leader with decades of experience and having now gone through the negotiation with the team at Rora, the only thing I can say is — get the help. Whether you realize you need it, or even if you think you don’t. Just because you have done well in engineering doesn’t mean that you understand the tactics and limits of the recruiting process.

Rora helped me get a $200K increase on my original Facebook offer without any competing offers.  It was clear that Rora was deeply familiar with Facebook’s negotiation playbook. I’d honestly give the experience an 11/10.

In addition, Rora guided me on how to get the position switched to a revised remote role which was a huge deal at a personal level. They showed me how to redirect FB’s questions so that I could explore the possibility of not relocating, without ever having to say no to my original offer.

E7 Hardware Engineer

Facebook

This is my first FAANG role and I’m so happy I worked with Rora (thanks again Annie!) for the negotiation. My goal was to increase my Google offer, but I was in a tricky situation where I only had 1 other interview (no offer yet) at a small startup. With their guidance, I managed to get a $240K increase on my Google offer, despite Google’s policy of requiring cross offers in writing to justify an increase.

The mock negotiations were a big part of why I was able to get this increase. Going into the negotiation, I assumed the key factor was what to say but I quickly learned that how you say it is equally if not more important. This was clear when over the course of the call”no” turned into “I’ll see what I can do” and eventually”I think we can make this work”. A big part of this was also having someone with me on the calls to provide real time guidance. This took a lot of the stress out of the situation. I can’t recommend this team highly enough!

Andrei Gorbushkin

L5 Technical Program Manager, Google

After receiving several job offers, I needed to make a decision within a few days. I wanted to make sure I was getting the best offer possible, so I decided to use Rora. I was very pleased with their service. My coach, Sameer, was well prepared and had information about what compensation increases were likely possible. He provided detailed scripts covering a range of scenarios, and he did practice negotiations with me that helped me feel confident when I had the actual conversations.  

With his help I was able to increase one offer by $45k per year plus get a $50k signing bonus and then use that to increase my offer from Square, which was my first choice. All throughout he was very responsive as I was dealing with some tight deadlines and looking to wrap things up quickly. Rora’s fee was only a tiny fraction of the increase they helped me negotiate, and even though they would have made more money if I had taken the highest offer, Sameer always put my goals first and never pressured me to do so. I highly recommend Rora!

L6 Software Engineer

Square

My friend introduced me to Rora and I’m so glad they did. I initially did some calculations to see if working with them would be worth it – my final increase ended up being ~3x higher than what I had estimated to be possible!

Their data is much more accurate than anything I found online. Without Sameer’s guidance, I would have never known (and would have probably been too nervous) to ask for >$800K for anAmazon L7 offer. Of course, it’s not just not enough to throw out a big number, you also need to be able to justify it. Sameer guided me through negotiating an up-level at another company, which I didn’t even know was possible at my level. With their scripts, I was able to leverage my competing offer to get exec approval for my Amazon offer. They also knew all the tricks Amazon would play (e.g., assuming 15% stock appreciation) and exactly how to counter them.

My total 4-year compensation increased by $570K. I don’t think I’ve ever had a higher ROI – I’m very thankful that this service exists!

L7 Principal Software Engineer

Amazon

Maximize your Bloomberg Offer

Bloomberg

has a unique set of negotiation policies. If you don’t have experience negotiating with them, you risk losing out on large amounts of money because of very small mistakes.

There are many of these rules you need to know to get the highest

Bloomberg

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Bloomberg is a financial software, data, and media company headquartered in New York City, USA. Bloomberg L.P. provides financial software tools such as an analytics and equity trading platform, data services, and news to financial companies and organizations via its main product, the Bloomberg Terminal. Bloomberg currently generates $9 billion in revenue and has 15,500 employees around the world.

Top Bloomberg Salaries – By 
Title

The highest paid Bloomberg employees are MDs at $194,000 annually. The lowest paid Bloomberg employees are Analysts at $43,000.

Top Bloomberg Salaries – By 
Location

Most Bloomberg employees using Emolument work in Germany for an average salary of $66,000. The best paid Bloomberg employees work in Switzerland for an average salary of $126,000.

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Bloomberg is a financial software, data, and media company headquartered in New York City, USA. Bloomberg L.P. provides financial software tools such as an analytics and equity trading platform, data services, and news to financial companies and organizations via its main product, the Bloomberg Terminal. Bloomberg currently generates $9 billion in revenue and has 15,500 employees around the world.

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Working in Analytics & Sales at Bloomberg London as a Fresh Grad

@mammamia has been working at Bloomberg London for almost 2 years after completing her undergraduate studies at NYU Abu Dhabi.

It was not easy for me to find a job, because usually after junior year students already have internships with full-time job offers, but I was not able to secure one. In addition, I was not sure what exactly I wanted to do in the future. Many of my friends were interested in investment banking and consulting, and since my major was Economics, I also decided to start from these industries.

Getting a job at a bank is highly competitive, and despite the fact that I completed all tasks with high quality, I could not reach the last stages of selection. But everything went really well with Bloomberg, and by November (1st semester of senior year) I already had an offer. Bloomberg, with its opportunities and values I resonate with, has become a great option.

In terms of location, my goal was always London as that’s where I spent my study away semester while at NYUAD, plus my boyfriend lives here.

Beautiful city view from the office

My program is called Analytics and Sales and it’s designed specifically for fresh graduates. For the first year, I worked in Analytics as customer service representative, and after that, I moved into Sales. Since the company’s main source of income is the Bloomberg Terminal, it’s important to understand how it works once you join the company. That’s why fresh grads are sent to be trained at the Help Desk. Working there was honestly stressful for a few reasons, one of which was having to listen to complaints from different clients, not all of whom are nice people.

Now I’m already in Sales and work as an Account Manager with firms in London. My day-to-day duties include driving sales of our products and maintaining relationships with clients.

Since Bloomberg receives tons of applications, they have a very streamlined application process. However, it is much simpler than in many firms in financial services (including banks). The steps are:

1. Resume – initial screening. During this process, I learned a lot about the rules for writing good resumes! For example, it’s better to write everything yourself without formatting (otherwise the resume may not pass the algorithm check).

2. Personality Test to check compatibility.

3. Pre-recorded interview — you are given a list of questions that you answer while recording yourself on video. We were given 3 attempts for each question, but in some banks, you only have 30 seconds, which is quite stressful.

4. On-site interviews. Four interviews: with a team leader, a manager, a manager’s manager, etc.

The whole process took about a month, and I flew to London for the last interviews.

Interviews do not require any special preparation. The whole process is very well structured, and they always tell you about the next interviewer and interview questions, which makes preparation much easier. I went through the entire Bloomberg website and asked a few questions to a friend who already works there. The most important thing is to understand what your role is about, which requires a lot of in-depth research.

A work visa in the UK is quite simple now. Before Brexit, employers had to convince the immigration office that a given foreign candidate is better than any other candidate from Europe & the UK. Thankfully, this is no longer the case and people from around the world are on an equal footing in the employment race. Bloomberg is a huge employer so they outsource the immigration part of hiring to an agency which works with new hires like me directly.

You fill out an application, after which you sign up for a biometric appointment. Usually, the process is quite fast, but I applied during covid so the visa centre in the UAE was closed for a while. As a result, my start date was moved to later in the year to accommodate that. The company pays for your visa as well as Priority Processing to make the whole process faster.

In general, if you work for a large company, there should be no problems with a visa. My visa is for 5 years, but I have also seen visas for 3 years.

London is so international that sometimes you don’t even realize that you live in England until you leave the city. The company is the same and my department has employees from all over the world. For example, in my team, there are 2 locals, 1 person from Sweden, 2 from the US, 1 from Ukraine, and 1 from China, and me.

Speaking of work-life balance, Bloomberg is a positive outlier. When people imagine working in the financial industry, they often get an impression they’ll be working 100 hour weeks – which is the case in, say, Investment Banking, but is not true for Bloomberg. I like to think that as a “fin-tech” company, the working hours take after the “tech” part of the business. My official hours are from 8 AM to 6 PM.

But the level of workload and subsequent work-life balance depends on the department. In Analytics, for example, it was generally impossible to leave the desk even for a couple of minutes due to constantly needing to respond to clients on the Help Desk chat, and, quite frankly, excessive micromanagement. Sales is a complete 180 degrees from Analytics because you are the master of your time, so with the rare exceptions of mandatory internal meetings, you decide how to schedule your 10-hour work day. For instance, I am finally able to go to the gym during my lunch breaks and schedule doctor’s appointments for the times that suit me without having to notify my manager – and that’s completely normal.

Lunch of a corporate girlie

Bloomberg puts a lot of effort into ensuring that their employees constantly develop and stay in the know. This is especially important for salespeople like me whose entire role consists of talking to clients about how market movements affect their businesses and how we can help them navigate these changes. For example, following the 2008 financial crisis, governments stepped into previously free-reigning financial markets to introduce strict regulations, effectively creating brakes to prevent from such disasters in the future. In times like these, many finance firms rely on companies like Bloomberg for technology that can help them adapt to the new regulatory requirements. That’s why market knowledge for a salesperson in finance is key.

When I joined Analytics, we had a whole month of training on what financial markets are and how they work, what kind of clients we cater to and how these clients use the Bloomberg Terminal. It’s common for fresh grads to have zero knowledge about finance, and have the basics under their belt by the end of the training period. Currently, we also have daily mini-webinars were market experts hired by Bloomberg explain how the changes in financial markets impact the economy, the Bloomberg business, and ultimately, our clients. You can also ask other people in the company for help, and I frequently hear: “If you want to learn more, drop me a message”. Additionally, you can go to all sorts of conferences, which are useful both for learning and networking.

Not everything is perfect of course. First of all, as in many large corporations, there is a sense that management’s decisions can not be changed. Even if they say they want feedback, the decision has already been made and there is nothing you can do about it.

Secondly, it was very difficult to move from one department to another due to the lack of structure. Moving from Analytics to Sales is extremely commonplace yet people are still quite hush-hush about it. You are asked to find a new team where you would like to work and build a relationship with them, but more frequently than not, you end up going to some random team – and find out on the day your move is announced! It makes the process of moving quite stressful and can ultimately impact the direction of a person’s career.

Looking back at my time with Analytics, there were a lot of downsides. The work is grueling and every minute of your day is scheduled. The management is quite incompetent and are frequently encouraged to micromanage their employees. For example, in Analytics, 3 years into your career (having started as a fresh grad), you can become a team lead and manage up to 15 people! 3 years is just not long enough to accumulate the experience and wisdom necessary to become even a half-decent manager.

In any case, it is important to note that conditions vary greatly depending on the department.

Talking about salary, let’s start with some context: the average salary in London is £21k – £25k, which may come as a surprise to many. In the City of London which is the UK’s financial centre, the numbers are somewhat higher, averaging £36k/year. My starting salary was £41k + a small bonus of around £2,5k. For a customer service job, this is really good! In Sales, people earn anywhere from £60k to £150k+ (the latter is for people with 10-15 years of experience). The level of salary depends on your progress, your relationship with management, and your contribution to the company.

My salary is enough to live comfortably in the city center, given that I live with my boyfriend, which of course helps to save money. My monthly living expenses are around £1,400 excluding entertainment and travel. Taxes are very expensive here! For example, there is something called council tax, which is different for every London borough. We pay £170 a month, but in other areas, it might be half the price or more.

Overall Bloomberg will be a good company for anyone who’s even somewhat interested in finance. Since this is a huge company with lots of departments, there are many opportunities to find a place that fits your interests and skill set!

More US companies than ever are sharing how much jobs pay

By Jeff Green | Bloomberg

Ready or not, what your job pays is about to get a lot less private.

California, with its roughly 19 million workers and some of the biggest US companies, Tuesday became the latest state to join a quickly growing nationwide salary transparency movement.

Just a year ago, only Colorado required employers to list salary ranges on job postings. In November, a similar rule in New York City will go into effect followed by another in Washington state early next year. With California joining, companies like Alphabet Inc., Meta Platforms Inc., Walt Disney Co. and Wells Fargo & Co. will have to comply by January 2023. New York state Governor Kathy Hochul also has a bill on her desk, which would kick in 270 days after its signed, and a few other states mandate companies share pay pay expectations for open roles on demand.

Even in places where it’s not required, employers have started listing pay information on job ads — with more likely to follow. A recent survey of executives from Willis Towers Watson Plc found that 17% of companies already voluntarily list pay ranges and another 62% of organizations are planning to do the same or are considering it.

“We’re approaching the point at which a job posting without pay will be like going through a supermarket and not seeing a price on your can of soup,” said Scott Moss, director of the division of labor and statistics at the Colorado Department of Labor and Employment, where he oversees enforcement of the state’s pay transparency law.

Regulators have latched onto salary transparency as a way to chip away at the stubborn gender and racial wage gaps. Historically, employers have kept pay shrouded in secrecy, reinforcing longstanding taboos that keep workers hush about what they make. That can lead to inconsistencies that disproportionately hurt women and other underrepresented workers. A little sunlight, however, can reveal discrepancies and force corrections.

These new crop of laws doesn’t mean everyone will know exactly how much their desk-mates are making. But they demand just enough information to help employees suss if they’re underpaid. All anyone has to do is look at open positions for their current role and see if, or where, they fall in the range.

“Why shouldn’t somebody know what a job pays?”

“Companies are extremely concerned and they are anticipating employees raising their hands [for pay bumps,]” said Nancy Romanyshyn, a director at Syndio, which makes software that helps companies eliminate pay disparities. At the very least, managers need to be ready to explain why some jobs pay more or less than others to help workers understand where they fit in. In some cases, they may even have to reset or reevaluate pay.

The process can be disruptive and uncomfortable, though it ultimately leads to more fairness, Romanyshyn said. “I know I feel icky talking about salaries. I’m of an age where you don’t talk about your politics, you don’t talk about your salary, you don’t talk about religion,” she said. “But why shouldn’t somebody know what a job pays?”

Workers increasingly agree with that sentiment. In a recent survey from the human resources analytics platform Visier, 80% of respondents said they wanted some form of salary transparency and 68% said they would switch jobs to work somewhere with greater visibility into pay. Younger generations are also much more likely to feel comfortable sharing how much they make than older ones.

Andrew Wright, a Denver based finance professional currently on the hunt for a new job gets turned off when he comes across otherwise good opportunities missing that crucial data. “Even if there’s a job where the duties and the day to day things sound interesting to me, if I know that they are supposed to be listing the salary and they don’t, that does lose a bit of trust,” the 31-year-old said.

Wright says he has seen postings that try to skirt Colorado’s rules by being vague where the job can be done.

“Are they trying to hold back for some specific reason? Are they trying to hide it because they aren’t going to offer very much?” he said.

Some companies, trying to get ahead of regulations and appeal to workers like Wright in a tight labor market, have decided to be upfront about pay for all new roles, regardless of location. Seattle-based Microsoft Corp. , for example, announced a blanket salary-range rule for all postings — not just ones based in Washington state, as will be required by the state’s law in a few months.

Job search portal Indeed earlier this year said 75% of new postings to its site include salary expectations; LinkedIn reported a 35% increase in the phenomenon in the first half of this year. Justin Hampton, a compensation specialist, has also seen a rise in public pay data in the UK, India, Australia, New Zealand and the United Arab Emirates.

Some organizations may continue to resist the trend. State fines for violating pay transparency laws are relatively minor, starting as low as $100 per incident. Some, like New York’s, exclude first-time offenders. And of course, many states don’t have such laws.

In addition, there are no requirements about listing bonuses or benefits, which make up a good chunk of compensation. And, to skirt the rules, employers could forgo posting openings altogether, using backchannel recruiting and networking to fill jobs, which can hinder diversity efforts. Though, that’s difficult to do when hiring on a large scale.

Still, Colorado so far has only fined three companies out of the 278 complaints it has investigated. Moss, Colorado’s enforcer, said most big firms got on board almost immediately. Some smaller companies weren’t initially aware of the law or didn’t have the staff to quickly comply.

“Companies are smart enough to know ‘We can like it, we can hate it, it’s happening regardless. So it would behoove us to prepare and make sure we’re putting our best foot forward.’” Syndio pay consultant Romanyshyn said. “Companies need to have a grown-up conversation with employees about how they get paid.”

More stories like this are available on bloomberg.com

©2022 Bloomberg L.P.

Alix Steele’s age and salary: biography, wiki, husband, child, net worth and Bloomberg

Famous People In The Usa

Biography Alix Steele

Alix Steele is an American journalist and noted co-host of Bloomberg Daybreak Americas, Bloomberg’s flagship morning show covering the major financial and global news of the day. Steel also hosts the weekly Bloomberg Commodities Edge, a 30-minute program dedicated to the biggest names and news in the commodities world.

Alix Steel Age

As of 2020, Steel is 41 years old. She was born Alyx Dillon Steel on April 28, 1979 in New York, NY. United States of America . She celebrates her birthday every year on April 28th. She is American by nationality and of white ethnicity. Steel is currently based in New York, United States of America.

Alix Steel Height

Steel costs medium height and medium weight. She seems to be quite tall, judging by her photographs in relation to her surroundings. However, details of her actual height and other body measurements are not currently available. We are keeping records and will update this information as soon as it becomes available.

Alix Steele Education

Steele attended Northwestern University (1997-2001) to earn a Bachelor of Science in Communication and Theater and a major in History. She later studied business journalism at New York University in 2010.

Alix Steele’s family

Steele was born in New York, New York to American parents. She was the first child in a family of seven children. Her father worked in a retail store and her mother worked in a nursery.

Alix Steel Siblings

Her family’s financial education was insufficient to support the livelihoods of family members. Unfortunately, one of her brothers passed away at the young age of five due to lack of nourishment and food.

jaina lee ortiz height and weight

When Alix was only thirteen years old, she started working part-time. Her father ended up bedridden, which suddenly led to a serious health problem that forced her to take a part-time job. Although she worked, Steele never lost her concentration in her studies.

Alix Steel Man

Steel is married to Craig Pospisil , American playwright, musical and director. The couple tied the knot in a non-religious ceremony and together they are blessed with a daughter born in September 2013. The family lives in New York, New York.

A married couple does not often appear in the media. She doesn’t appear to be interested in sharing her personal details and photos.

Alix Steele Baby

Steele and her husband had a baby girl born in September 2013. Their daughter’s name has not been released.

Alix Steele Real name

She was born Alix Dillon Steele.

Alix Steele Salary

Steel earns an average annual salary of about $156,000. . This is according to Bloomberg’s reporter/lead agency salary scale. However, these figures can vary significantly depending on the length of service of the respective employee. We don’t have an exact salary and net worth for Steel at the moment, but we’ll keep an eye on them and update them as soon as they become available.

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Alix Steel Net Worth

Net Worth Steel is estimated at $4 million. She has a long career in the journalism industry. Through the income from her work as an anchor/reporter and producer, she was able to amass a modest fortune.

Alix Haircut

Alix Steel Measurements and Facts

Here are some interesting facts and body measurements you should know about Alix Steel.

Alix Steele Wiki

• Full Names: Alix Dillon Steele
• 0090 Paul: Women
• Lesson / Profession : Journalist
• Nationality : American
• RASA / ENTERAL MASTERITY: White
• Religion : Christianity
• Sexual Orientation: 9000 Sexual Orientation: Sexual Orientation: 9000 Sexual Orientation
  

  Alix Steele’s birthday

  • Age / how old? : 41 years old (2020)
  • Zodiac sign : To be updated
  • Date of birth : April 28, 1979
  • Place of birth : New York, New York
  • Birthday : 28 April

  Salix Corps Alix

  • 7 Body Size: To be updated
  • Height / How tall? : To be updated
  • Weight : To be updated
  • Eye color : Blue
  • Hair color : Blonde
  • Size of shoes : To be updated
  • 9000
    

    Steel family and relationships

    • Father (dad) : To be updated
    • Mother : To be updated
    • Siblings : To be updated
    • Marital status : Married
    • Husband / Spouse : Married to Craig Pospisil.
    • dating / guy : unsuitable
    • children : one daughter

    Pure steel cost and salary

    • Pure : 4 million dollars
    • Salary : about 156,000 dollars
    • Source of income : Journalist

    Alix Steel House and Cars

    • Residence : New York, NY.
    • Cars : Vehicle brand to be updated

    Alix Steel Bloomberg

    Steel is the host of Bloomberg Markets, which appears every day from 3:00 pm to 4:00 pm, and co-host of What’d You Miss? , the host of Bloomberg TV’s markets program, which airs weekdays from 4:00 to 4:00. : 30 p.m. It covers world markets, economic news and commodities. She was announced as Mister’s co-host in mid-2016. She shares the podium with all such headline lights in the info globe, Jonathan Ferro and David Westin, daily from 7-10 am EST.

    Bloomberg is a popular television series that explores critical issues in international business and finance. It brings together a smart conversation from a high-profile CEO, investor and politicians with 2,600 Bloomberg economists and journalists from around the world.

    Before joining the Bloomberg Channel, she worked as a producer, actor and senior multimedia reporter for TheStreet. She also co-hosted Morning Call, a live trade show for TheStreet and T3Live.com. Alix currently co-hosts Bloomberg Daybreak Americas on television, which airs every weekday from 7 to 9morning Eastern time. In addition to being a reporter, Steele has held positions in film production, theater direction, legal administration, and teaching.

    Steel has interviewed many influential business leaders, including Sam Zell, Ken Langon, Gary Cohn , Lloyd Blankfein , James Gorman , Duke Energy’s Lynn Good, and most oil and gas executives.

    Alix Steele and David Westin

    Renowned American correspondent Alix Steele co-hosts Bloomberg GO with David Westin and Jonathan Ferro Daily. With good presentation skills and market knowledge, she was known as one of the most versatile anchors on the planet.

    Frequently asked questions about Alix Steel

    Who is Alix Steel?

    Steele is an American journalist, noted co-host of Bloomberg Daybreak Americas and Bloomberg Commodities Edge, she has also worked on the Bloomberg What’d You Miss show as well as Bloomberg Markets.

    How old is Alix Steele?

    Steel was born on April 28, but the actual year of birth is unknown. Because of this, it is difficult for us to give her exact age as of 2019.

    How tall is Alix Steele?

    Steel is worth an average height, she did not share her height with the public. Her height will be listed as soon as we receive it from a trusted source.

    Alix Steele married?

    Yes, she is married to Craig Pospisil. The couple tied the knot in a non-religious ceremony and together they are blessed with a daughter. The family lives in New York, New York.

    How much does Alix Steel cost?

    Steel’s estimated net worth is $4 million. This amount was received for her leading role in the journalism industry.

    How much does Alix Steele earn?

    Steel earns an average annual salary of about $156,000. This is according to Bloomberg reporter/anchor salary scale.

    Where does Alix Steele live?

    She is a resident of New York, NY, USA, we will upload photos of her home as soon as we have them.

    Is steel dead or alive?

    Steel is alive and well. There were no reports of her illness or health problems.

    Where is Alix Steel now?

    Steele continues his career in journalism. She co-hosts Bloomberg Daybreak Americas and Bloomberg Commodities Edge.

    Steel social media contacts

    • Instagram: To be updated
    • Twitter
    • Facebook
    • YouTube: To be updated
    • TEC: To be updated
    • Website: To be updated

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    Working as a programmer in London: personal experience

    Working as a programmer in London

    Our partners from Verbetcetera shared the story of a developer who moved to London 5 years ago and built a successful career. We will talk about the obstacles in his path, about the mistakes he made, and share how he managed to get into top companies.

    Questions are asked by Olga, Verbetcetera’s job search assistance project mentor, and Ilya (Software Engineer at one of the London hedge funds, ex-Facebook, Bloomberg, Yandex) answers.

    Why did you decide to move to London?
    I went on vacation and I really liked the city. There are no disadvantages that are present in Europe, for example, shops are open on Sundays. 🙂 I wanted to live in a city that absorbs the best aspects of Moscow, but which does not have what repelled me in Moscow.

    What did you do before moving to London?
    Worked for 4 years at Yandex. After Yandex, I spent a year in a startup, I didn’t really like it. If I had not moved to London, then I would have tried to return to Yandex.

    How did you find your first job in London?
    I applied through recruiters myself. There are two types of companies: the first look for candidates through external recruiters – for example, Bloomberg, and the second look for themselves – for example, Google, Facebook. It is worth applying there only through recommendations, otherwise it is difficult to break through the selection by resume. Back in Moscow, I applied to Facebook and was refused, despite my experience in Yandex. Communication with Google dragged on, the first time I applied on my own for a position in London and waited for a response for several weeks. My call with HR was constantly rescheduled. As a result, after some time, another HR from Zurich wrote to me. I told her that I was interested in working in London, she sent my CV back to London through her contacts within the company. And only then did the process of interviews with Google in London begin.

    But it was easier at Bloomberg. I started LinkedIn and added my friends who have already moved to London to work as developers in the financial sector. It seems that recruiters can somehow identify newcomers on LinkedIn, as a result, recruiters who were in contacts with my London acquaintances on LinkedIn wrote to me. They threw themselves. 🙂 I settled on communicating with one recruiter. It seems that it was then that he discovered that cool developers can be transported from Russia. I applied to Bloomberg through him.
    He helped me a lot and organized everything – I knew nothing about London, he helped me communicate with companies, discuss salary in Bloomberg and the relocation package.

    What did the interview with Bloomberg consist of?

    Call with HR, call with manager, two hour video interview with coding, interview in the office which included checking my past experience, several interviews on algorithms, behavioral questions, system design. I talked a lot not only with developers, but also with managers of different levels. Also, Bloomberg focuses more on C ++ and multithreading, they ask less complex algorithms than Google.

    How was the interview at Google?

    HR screening, two video calls for programming, then a whole day of interviews in the office (5 interviews of 45 minutes, one system design, four algorithmic).

    How did you prepare for the interview?
    I taught C++ students at a technical university for three years, so preparing for interviews was relatively easy. I also focused on algorithms and behavioral issues. During the preparation, I solved a lot of algorithmic problems for speed. I was looking for such tasks that could be caught in interviews, I coded them. I did not prepare for the architectural interview, as I considered myself quite experienced in this.

    There are many tasks with interviews in the public domain. Many are preparing for them, but still not everyone passes the selection. What do you need to do to still get on Google or Facebook?

    I think that Google, Amazon, Facebook are looking for people who know algorithm problems very well. To do this, you need to solve as many problems as possible in order to be able to recognize them very quickly. It’s hard when you have to think on the fly how to solve a problem. In such cases, the interview will most likely be rejected. Most of the tasks that come across in interviews are standard tasks for algorithms disguised as different conditions. I do not recommend solving a lot of hard problems according to the Leetcode classification, I advise solving problems of medium and low complexity. But you should not completely avoid hard tasks, there is no guarantee that they will not be caught.

    If algorithms are memorized, why doesn’t everyone get interviewed at Google?
    There are algorithmic, behavioral and architectural interviews. Behavioral and architectural affect the assessment of the level that the candidate will receive in the company, minor errors can be made in them. But the algorithms must be at a high level. If you do not solve the problem on algorithms, then you can get a minus from one interviewer and usually this is enough for a refusal.

    Tell me, how is the quality of problem solving at the interview assessed?

    Tasks are standard. The interviewer usually knows the required time complexity and memory complexity. If you offer a worse solution, they will ask you to modify it. Well, in general, of course, it is necessary to write a generally correct program that solves the desired problem.

    You have had knowledge of algorithms since university. Tell us how to prepare for those who do not have a strong base on algorithms?

    Actually, I didn’t know algorithms because of work, but because I taught them. The only way to prepare for algorithms is to learn how to solve problems for several months, until the solutions fly out automatically in a limited time (15-25 minutes). If you are not interested, then you can go to companies that do not focus on algorithms and interview based on what you will do at work, such as Bloomberg.

    Why are algorithms included in interviews if they are rarely used in work?
    This is the easiest way to test thinking. This is a comparative standard, all developers know that it is possible to prepare for the same in all top companies. With the help of algorithmic tasks, you can organize a stream of interviews and they will all be evaluated equally.

    You had two offers – Bloomberg and Google. Why did you choose Bloomberg?
    Bloomberg had interesting challenges from a technical point of view. I was also asked good questions during the interview, by the way, this is a very cool indicator of the level of work in the company. At Google, they called me to make a javascript interface, which was not interesting to me at that time.

    Bloomberg’s compensation was better than Google’s?
    No, in Google the offers were a little better, there was a part in the form of stocks (shares). After I moved to London, stocks went up a lot. It turned out that the bonus increased by 2 times. But at the time of the discussion, Google’s proposal was only marginally better.

    Would you like to go to Google for a front-end development position and then move on to another position?

    As far as I know, Google is fine with transitions between commands, but they recommend working in the first position for a while. I didn’t want to do that, I was interested in working on other tasks right away.

    How did you negotiate your starting salary increase at Bloomberg?
    The recruiter helped me. He knew that I had a parallel offer from Google, so they gave me the maximum amount of money that was possible in my case.

    How did you decide what minimum wage you are willing to move to?

    We wanted to move without loss, even if my wife couldn’t find a job at first. My wife looked at the average salaries in the city, the average cost of housing, we checked how much money was left after taxes using a tax calculator. We wanted the first time after all the spending, we had the same amount of money as in Moscow.

    How much does a 1 bedroom flat in London cost per month?
    Depends on appetite. Five years ago we rented an apartment with a slightly old renovation for 1300 pounds a month. Prices for a good repair start at 1700 pounds per month. The apartments in the center are smaller and more expensive. It was better for us to have extra money than to spend it on an apartment, so we chose not the most central location.

    How much do you spend on food per month?
    Approximately £100-200 for two per week. The better the food, the more expensive. Plus the cost of a cafe, this is already individual. Food in the store is inexpensive relative to the salary and the cost of the apartment. The food quality is excellent.

    How much money can a developer who moves from Russia to London for the first time claim?
    Depends on experience and company. The guys after the university are paid 40-50 thousand pounds, an experienced developer can count on 150 thousand. In small companies, 60-70 thousand is the norm.

    Tell me, is £70,000 a good salary by London standards?
    Yes. If you focus on 70 thousand pounds a year, after taxes there will be approximately 3. 8 thousand per month. This is enough to go on vacation a couple of times.

    Tell us about the process of moving?

    Bloomberg offered a relocation compensation package. I was paid for the first month of living in central London, a business class flight and transportation of all my belongings. I was also offered the services of an agent who helped me find permanent housing. You can refuse to transport things and take a fixed amount for moving, five years ago it was 5 thousand dollars.

    How did working abroad differ from working in Russia?

    When I came to the first working meeting, I did not understand what people were talking about because of the language barrier and the large number of acronyms. In Bloomberg, for the first time, I had regular 1-1 with my boss, for me it was a discovery. I had a mentor with whom I did my first tasks. There were also 2-week courses on internal technologies. All developers could attend lectures on financial instruments. I visited almost everything, it helped at work.

    Why did you leave Bloomberg?

    A Facebook recruiter texted me. I decided to try to pass the interview, in the end they made me an offer. I refused several times, I liked my job, and then my manager at Bloomberg moved to another department and my prospects within the company were equal to those in the new company. I decided to try Facebook.

    What did you do wrong when you went to Facebook?

    Unlike other job searches, I only had one offer when I interviewed on Facebook. You should always interview in several places and get several offers. It would put me in a better position. If something doesn’t suit you in the offer, talk about it right away, then it will be difficult to change something quickly within the company. In any case, you can wait another year and repeat the interview.

    Why did you leave Facebook?

    On Facebook, individual contributions are very important. For many, such working conditions are a great opportunity to show themselves. For myself, I realized that it would be more efficient for me to work in other processes.

    Why did you go to work for a hedge fund?

    I wanted to find a job where my strengths will be used and what I can do will be appreciated. I thought about returning to Bloomberg, but they have a policy of not hiring those who have already left. In finance, loyalty is very important. I am more than satisfied with my work in the hedge fund.

    How to get into a hedge fund?

    Know finance, algorithms, C++, theoretical, matstat and financial mathematics (this is optional).

    How did the crisis affect your work at the hedge fund?

    The main thing that has changed is that we work from home. Finally set up a VPN. 🙂 We are still hiring people. We interview everyone, but we take few people, as few pass a rigorous selection. Algorithm interviews at the company where I work are more difficult than at Facebook or Google.

    What advice would you give to guys who are just starting to look for their first job abroad?

    Know 100% what you will be asked in an interview. Look for this information from people who have already been interviewed or from HR. Be perfectly prepared for what you will be asked. The more ready you are, the more likely you are to get an offer. Interview in multiple places and get multiple offers. Be sure to discuss the starting salary, compensation for moving. Keep in mind that contracts are less standardized compared to Russia. Find out working hours, vacation time, health insurance, pension conditions. Good luck!

    Apple cut iPhone 14 production due to low demand – Bloomberg

    Continuation of the story from

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    18:48

    September 28, 2022
    

    News

    18:48

    September 28, 2022
    

    Kirill Bilyk

    News editor

    Kirill Bilyk

    Apple cut production of new iPhones due to low demand, writes Bloomberg. Before the traditional autumn presentation of new products, the company raised its sales forecast, but Apple’s expectations did not materialize. The reason for this is inflation.

    Kirill Bilyk

    The reason for the reduction in production of the recently released iPhone 14 was reduced demand for devices caused by global inflation and the economic downturn in China, Bloomberg notes.

    Before the fall presentation of new products, at which Apple introduced the iPhone 14, the company raised its sales forecast by 7%, but as a result, the corporation’s expectations were not met, and it turned to Foxconn with a request to dismantle part of the production line.

    Apple will not additionally release all iPhone 14 models, but will maintain and possibly increase production of the most expensive model – iPhone 14 Pro – as it was satisfied with the demand for it, the newspaper writes.

    Cover photo: Yalcin Sonat / Shutterstock

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    Developers of World of Warcraft and CoD are in revolt.

    They save on food while their CEO gets $40 million a year

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    05 August 2020 14:19 05 Aug 2020 14:19

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    Bloomberg journalists got information about the salaries of employees of the famous game developer Activision Blizzard. It turned out that while some of the specialists received a salary close to the minimum, top managers were earning tens of millions a year.

    Class inequality in Activision Blizzard

    One of the major players in the video game industry, Activision Blizzard keeps its specialists in a black body.

    According to Bloomberg, a Blizzard Entertainment employee created a spreadsheet and encouraged all colleagues to anonymously enter salary data into it. Previously, some of the testers and support staff complained that they did not have enough money to live on. This information, along with the correspondence of employees in the messenger, fell into the hands of journalists on July 31, 2020.

    It turned out that while ordinary employees were barely making ends meet, Activision Blizzard CEO Bobby Kotick (Bobby Kotick) received about $40 million in 2019 (including salary and bonuses). Also in 2019, the company paid $15 million in bonuses and bonuses to CFO Dennis Durkin (Dennis Durkin).

    The company itself denies the accusations. According to spokesperson Jessica Taylor , the company is constantly reviewing its payroll principles, and in 2020, Blizzard’s top performers received a 20% pay increase. However, these data do not match what employees say.

    So, an employee with more than 10 years of work experience said that he received a raise of less than 50 cents an hour. 10 years ago, his salary was higher, says the company veteran, because now the number of paid overtime hours is less than 10 years ago.

    Bobby Kotick, head of Activision Blizzard

    Only a handful of Blizzard employees earn $100,000 a year, while video game testers and customer support workers often earn the minimum wage or close to it, writes Bloomberg. In 2020, the minimum wage in California, where Blizzard is headquartered, is $11-14 per hour, with a US average of $7.25 per hour)

    A long story involving Cat

    Activision Blizzard makes popular games including Diablo, World of Warcraft, Hearthstone, Call of Duty and Overwatch. In early 2019, the company was streamlining and laid off 800 employees. The RBC publication wrote that not only ordinary employees, but also part of the management were laid off. This attracted the attention of the Game Workers Unite, an international organization dedicated to protecting the rights of game industry employees. The organization urged workers to sign a petition to fire the CEO, saying that Bobby Kotick’s $30 million a year income comes from the salaries of 800 laid-off employees.

    In 2019, the non-profit foundation As You Sow ranked Kotick as the 45th most undeservedly rich boss. According to the fund, he received $ 28 million a year. At the same time, the ratio of his salary to the average salary of employees was 306:1

    Ascon switched from Cisco Webex to domestic meeting service

    Import substitution VKS

    Responsibilities were redistributed by the company among the remaining employees. True, the company was in no hurry to pay extra for additional work, which caused great dissatisfaction among employees. In 2019After an internal survey showed that more than half of the workers were dissatisfied with their salaries, the company decided to conduct a study to ensure fair pay. In July 2020, the company published the results, but they did not suit employees and caused a wave of indignation in the Slack messenger. In messaging messages also made available to Bloomberg, Blizzard employees said they were struggling to make ends meet as they watched Activision Blizzard’s revenue grow year on year. According to RBC, Activision Blizzard’s revenue grew from 2014 to 2018 by 70%.

    Several former Blizzard employees said they were finally able to receive normal salaries only after they left for competitors.

    This situation has been going on for more than a year. Bloomberg reported that in 2018, employees discussed savings they were making to stay with the company. Several employees lamented that they couldn’t even afford to buy corporate canteen meals because they had to save money to pay rent. And someone was so poor that he even abandoned plans to have a child. These posts contrasted with photos of top executives enjoying a Disneyland vacation with their families.

    Activision Blizzard – one of the largest companies in the field of computer games and entertainment was founded in 2008 with the merger of Vivendi Games and Activision. In 2015, Activision Blizzard announced that it had acquired the developer of the popular mobile game Candy Crush Saga for $5.9 billion. The deal turned the company into the largest player in the global interactive entertainment market.

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    Despite the merger, the games continued to be released under the Blizzard Entertainment brand. According to RBC, the company ranks second in terms of income after the Japanese Nintendo. Activision Blizzard currently has five divisions: Activision, Blizzard Entertainment, Major League Gaming, Activision Blizzard Studios, and King Digital Entertainment. The gaming audience of the company exceeds 400 million users.

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    Bloomberg: UK residents slide into poverty due to rising energy prices

    April cold hit Britain – along with warnings of black ice, snowfall and a jump in the cost of living, writes Bloomberg.

    In a few days the increase in the payroll tax will take effect in the UK. On the eve of this event, the British have already experienced a strong increase in prices for basic needs – heating, cooking and even a regular shower cannot be afforded by millions of citizens at the same time.

    On top of high inflation, Britons expect their average electricity bill to increase by £693 ($911) over the next year. The reason is the sharp rise in wholesale prices.

    A sudden spring cold snap overnight covered most of the UK – the country is waiting for frost, ice and snow in the coming days. Low temperatures will force residents to immediately make a choice between heating their homes and managing the family budget.

    Rising spending united groups across the political spectrum, from the Institute of Directors to the Resolution Fund, in criticism of the Chancellor of the Exchequer Rishi Sunaka for insufficient mitigation action and the Bank of England for runaway inflation.

    In addition to rising energy prices, the British will soon find that their wages have been severely reduced. The increase in the national insurance tax, officially aimed at replenishing health care budgets after the Covid-19 pandemic, from April 6 will hit families of all income levels.

    Overall, according to Resolution Foundation , the average family’s budget will drop by £1,100 ($1,443) over the next 12 months. This is in addition to a sharp increase in inflation, which exceeded 6% in February and has already reached a maximum in three decades.

    Seeking to step up pressure on Prime Minister Boris Johnson , the opposition Labor Party says the hit to living standards could be even greater, estimating that consumers could lose up to £2,620 when taking into account rising prices for basic foodstuffs .

    The sharp jump in domestic energy prices occurred after a ceiling raised by the regulator Ofgem due to the steady increase in the cost of gas in the wholesale market. Its price is now more than six times higher than a year ago.

    Starting today, default tariff customers can see that gas will cost 81% more and electricity prices will rise by 36%. On the eve of the price increase, many supplier websites went down as customers rushed to provide accurate meter readings.

    “This is the biggest spike in energy prices in the memory of this generation,” says Adam Scorer , CEO of National Energy Action . “Millions of people will be deprived of their usual levels of energy consumption, and people with low incomes will be crushed by the new reality.”

    Many residents have already found that winter price increases have pushed them to the brink. The number of households in “fuel poverty” – where spending on energy is at least 10% of income – has doubled to 5 million.

    Russia’s operation in Ukraine raised the stakes even more. Food and gasoline prices have skyrocketed, and the conflict looks set to send electricity bills even higher later this year. According to I nvestec Bank Plc, cap price to rise another 50% in October to around £3,000.

    Last week, Sunak faced public backlash for his statements. The chancellor announced measures to cap the national insurance tax rate and cut taxes on gasoline and diesel fuel, suggesting the changes could be passed by October.

    The government also says that 2.5 million British workers will receive more from April 1 as a result of increases in the national minimum wage and the national living wage. And already promised a support package for 9billion pounds for electricity bills.

    “While no government can control the global factors driving up the cost of essentials, we will act wherever we can to mitigate rising costs,” Business Secretary Kwasi Kwarteng said in a statement.

    Despite this, activists say the government is not doing enough. Joseph Rowntree’s Foundation accused him of “reckless” actions. “For those with the lowest incomes, the next few months could be truly catastrophic as inflation reaches a 30-year high and the Social Security base rate is at a 35-year low in real terms,” 9 said.0007 Cathy Schmucker , Associate Director, Policy and Partnerships.

    Hardship and suffering

    The UK is now facing a hitherto unthinkable prospect of double-digit inflation as households face income cuts that Bank of England Governor Andrew Bailey calls “historic”.

    Since the financial crisis, Brexit and Covid have dealt a severe blow to the UK economy, and observers believe that a surge in inflation will plunge many households into crisis.

    In the meantime, the Bank of England has almost signed its own impotence.

    “I’m just worried about poverty, hardship, suffering and not understanding that a significant part of our population simply cannot afford to turn on the heating, pay the weekly food bill,” worries former Prime Minister Gordon Brown .

    It is worth saying that even before that the situation seemed bleak for many. With inflation above 6%, eight in 10 adults in the UK saw an increase in the cost of living in March, the Office for National Statistics said on Wednesday.

    Food, household energy and automotive fuel are the most commonly cited reasons for bill increases. Credit card loans also rose at a record pace in February, further evidence of household financial strain.

    Energy market turmoil can ultimately cost consumers even more. UK taxpayers risk billions of pounds in costs if government nationalizes unit PJSC “Gazprom” , which supplies about a fifth of the country’s commercial gas. The UK appears poised to do so as consumers turn away from Russian businesses due to the conflict in Ukraine.

    Translation by Stanislav Prygunov, specially for BV

    School economics is no longer able to explain the labor market

    The battle over the impact of the minimum wage has become one of the most protracted and fierce in the history of empirical economics. Some researchers, such as David Neumark at the University of California, Irvine, continue to insist that the floor is killing jobs, and a number of studies show this directly in individual states. But a few very detailed, large-scale studies show that the minimum wage is as harmless as its proponents have suggested.

    One such study is the work of American economists Doruk Cengiz, Arindrajit Dube, Attila Lindner, and Ben Zipperer, which looked at data at the state level. They found that raising the minimum wage tends to reduce the number of jobs that pay below the new minimum and increase those that pay higher. This means that raising the minimum wage does not kill jobs, but simply increases people’s wages.

    Kevin Rinz and John Voorhuis, scientists from the US Census Bureau, presented a large study with even more detailed evidence. Looking at data on individual workers from 1991 to 2013, the authors carefully consider factors such as mobility, employability, and voluntary exit from the labor market. They believe that minimum wage increases tend to raise the incomes of people at the bottom of the distribution, and that the effect does not disappear over time. They also found that the probability of a complete loss of income—unemployment or disability—were weakly affected by an increase in the minimum wage.

    Their evidence is as convincing as can be. Tyler Cowan writes on his blog: “When advocating for a minimum wage, it is worth pointing out that those whose incomes are affected by such an increase feel the consequences immediately, and the increase in income itself can lead to increased efficiency in the future.”

    But the importance of this study goes beyond the topic of raising the minimum wage. Along with other research, it forces us to rethink our basic understanding of how labor markets work.

    The standard model that economists have traditionally used to understand labor markets is based on supply and demand, a theory that every schoolchild learns. But the empirical evidence accumulated since the early 1990s calls into question the applicability of this simplified model.

    First, economists found that even very abrupt waves of low-skilled immigration did not hurt Americans’ wages. Adapting the model to reality was not too difficult. Economists simply had to assume that immigration could create a positive wave of demand for labor as immigrants buy things locally and thereby create jobs for the country’s citizens.

    The theory that price controls should in any case reduce employment in a competitive market is contradicted by the effects of minimum wages that economists have found. The most likely reason this is not happening is that employers already have market power, i.e. it is so difficult for workers to find new jobs that they simply accept lower wages than the hypothetical wage in an ideal market. If employers have market power, a modest increase in the minimum wage usually does not lead to an increase in unemployment, as this forces companies to return to ideal market wage levels. In this model, a small increase in the minimum wage can increase the number of jobs.

    New data show employers have more market power than economists ever thought. Two papers—the first by José Azar, Ioan Marinescu, and Marshall Steinbaum, and the second by Ephraim Benmelek, Nittai Bergman, and Hunsiob Kim—indicate that in industries with fewer employers, workers earn lower wages. These works use very different data sources and methodologies for their processing, consider different time periods and regions. But their conclusions are in perfect agreement.

    Together with the evidence for the effects of minimum wages, these new findings suggest that the competitive model of supply and demand in labor markets has fundamental flaws. If employers have the power to set wages, then we can expect that not only the minimum wage, but also other labor market approaches, such as union-friendly laws, will help workers far more than popular introductory economics textbooks predict.

    Textbook authors and educators need to adjust to the new level of empirical knowledge by changing the basic labor market model they teach.