BLOOMBERG – INTEGRATION OF TECHNOLOGY WITH ACADEMIA
Brief Background of Best Practices:
Bloomberg is a globally acknowledged platform engaged in disseminating information on various financial domains and helping professionals develop their skills and capabilities in the desired manner.
One of the products by Bloomberg for educational institutions is Bloomberg Financial Market Labs: The Bloomberg lab at ISBR BUSINESS SCHOOL gives a unique opportunity to use the Bloomberg financial software tools like “BQL Builder, BQuant, trading system, Excel Add-in” and many more.
It is a revolution in an industry by bringing transparency to the financial markets and providing privileged access to economic, financial, and business real-time data, world news, analysis, and reports from the world’s biggest financial organizations.
The Bloomberg space is used by financial institutions and corporations globally to make critical financial market-based decisions, especially concerning investments and their underlying risk.
Information you won’t find anywhere else
Provide students with the same platform used by the world’s leading banks, corporations and government agencies to enhance their academic studies across a wide range of disciplines.
Bring the real world into the classroom
The Bloomberg Terminal enables faculty to bring an interactive teaching tool into the classroom. The Terminal features real-time data and analytics on global markets and industries, leading news coverage, proprietary research and provides access to a global network of financial professionals.
Proprietary research on industries and companies
Bloomberg Intelligence, BI , provides unbiased coverage of more than 110 industries from more than 250 analysts with over 20 years industry experience. Quickly get up to speed on a company, industry, country, credit outlook and any litigation or government issues via more than 2,200 BI primers. BI provides performance drivers and metrics for every industry with detailed quantitative and qualitative analysis, including a Bull and Bear Consensus, themes, valuations and earnings season analysis.
Practical knowledge of how to use the Terminal is a valued skill in the financial industry. Bloomberg’s real-time data, analysis and news can be beneficial in all the different fields of business studies, technology, management, and communication studies. BMC Certification demonstrates that the student possesses a combination of financial market knowledge, Bloomberg platform skills, and Bloomberg function/analytics knowledge that is aligned for immediate jobs in investment banking, equity research, and consultancy.
Above all, the platform provides a learning cum certification, which is globally recognized by the industry world-wide : “Bloomberg Market Concepts (BMC) Certification”, a specialized self-learning online course, focusing primarily on market concepts and best suits anyone willing to create a market-oriented career. It features real-life case studies and assesses the knowledge after every module through the quizzes. It provides hands-on experience in defining market assumptions, developing a return-generating strategy, and executing trades over the Bloomberg network
Challenges in Implementation:
The capital investment in the terminal vis-à-vis the optimal utilization by students and faculties is the focal point of the inherent challenge in effective implementation. Given the academia’s program level commitments, which need to be met by the faculties and students, in parallel ensuring a sustainable learning journey via the Bloomberg platform was never easy.
Ways of Implementation:
Integrate Bloomberg into your curriculum.
The Bloomberg Terminal provides data, research and analytics to support a range of academic disciplines
Core disciplines
Accounting • Economics • Finance • Management • Marketing • Real Estate • Supply Chain
Representative course offerings
Corporate Finance • Financial Markets • Financial Research and Modeling • International Trade • Investment Analysis • Money & Banking • Multinational Business Finance • Managerial Accounting
Portfolio Theory • Principles of Finance • Securities Analysis
Introduce the fundamentals with an e-learning course companion. Certification with Bloomberg Market Concepts BMC is a self-guided digital learning course consisting of four modules – economics, currencies, fixed income and equities – providing foundational content and case studies with clearly defined goals that make it an ideal companion for business or economics classes. The BMC course is available for no additional charge on the Bloomberg Terminal. More than 900 universities currently integrate Bloomberg into their curricula through BMC. Make Bloomberg a companion to your class as you reinforce learnings through more than 100 questions with assessment reports for professors.
The mannerism in which the implementation of the Bloomberg was to be done was Uni – Directional. The effectiveness of the terminal usage was the key, and hence as a pilot, only carefully hand-picked key interested students – 35 nos were selected to start the Bloomberg certification learning, with no time constraints. In parallel multiple Bloomberg experts led sessions were conducted online which helped in firming up the self-learning of the BMC concepts.
Post getting certified, for the BMC, in-order to calibrate their learnings, a viva was taken in which the success rate was 65%. These students in turn were given multiple career opportunities in the financial markets domain and the top 5 were also given mentoring platform to mentor the immediate junior batches.
Basis the success of the pilot and assessing the effectiveness of the learnings achieved via the BMC certification, we implemented the Bloomberg learning for the upcoming batches
As of now there are 150 students registered for the BMC certification learnings and the process of calibration is scheduled in April 1st week, 2023
The Journey continues…….
Outcome of Best Practices:
Gives the students an edge with recruitment. Interview preparation The Terminal provides resources to research people, companies and industries in preparation for interviews. Research employers using Bloomberg Intelligence, BI , and Company Descriptions, DES , to find complete profiles on a company’s business, financials and senior management
Students from the pilot batch leveraged the Bloomberg terminal to do research on real time global macro-economic events – Recession, Inflation and alike, by studying the expert reports, analyzing and interpreting the economic trends and making relevant presentations to the senior industry experts in various global discussion platforms
In one such platform one of our student won the Global Trust award, sponsored by CISI (Chartered Institute for Securities and Investments).
Setting up a dedicated lab is the next step forward to make it more scalable and more effective learning…..
About ISBR: ISBR Business School, Bangalore-based, Top Class B School for PGDM or MBA, Consistently ranked as best B School in India, AICTE-CII Platinum Category, with multiple specializations