Business school brings Bloomberg tech to Finance students
Financial management students in Kerri McMillan’s Finance 3050 class are getting a jump-start on their counterparts at many other college campuses in learning how to use Bloomberg Financial Markets technology, considered the industry’s gold standard in market analytics.
More than 100 finance students, including Wall Street South Investment Club members, passed through the College of Business Trading Room last week to learn how to use the technology that analyzes bonds, commodities, mutual funds, indices, currencies and equities.
Elizabeth Mauer, account manager for Bloomberg Financial, conducted seven “Bloomberg at Clemson” seminars aimed at exposing students to the technology they’ll someday use as professionals.
“Our platform is considered the market leader by banks, broker-dealers and corporations, so a student having knowledge of how this technology works gives them a leg up when it comes to job opportunities,” Mauer said.
Clemson’s Trading Room is among the best Mauer’s seen on college campuses. The first-floor financial laboratory in Sirrine Hall is filled with computers licensed with Bloomberg’s analytics, something McMillan said is a tremendous advantage for Clemson students.
“If you want to learn the ins and outs of trading, this is what the Wall Street professionals use,” McMillan said. “Being able to analyze stocks, bonds, commodities and mutual funds as part of their assignments brings real-life experience into the classroom.”
Students also have the option to venture beyond classroom use of the Bloomberg technology by becoming certified in Bloomberg Market Concepts. The certification program requires an hours-long tutorial and test that acknowledges their proficiencies in equities, fixed income and commodities.
“Certification is a great enhancement to a student’s resume,” McMillan said. “It not only shows a potential employer you took the time and initiative to complete this, it validates your skill in the financial analytics you’ll be using on the job.”
The expense of a subscription to Bloomberg’s technology is beyond a student’s means, so having access to it in a class is a real bonus to financial management students like A.J. Speranza.
“Learning on the kind of technology Fortune 500 companies use, is amazing,” the Tampa, Fla., junior said. “For someone like me who would like to pursue corporate banking, it’s a real advantage and a perk to be able to use the same technology I’ll be using in my future job.”
Economics major Will Blackwood said the seminar made him aware of the breadth of the Bloomberg technology.
“Bloomberg is a very powerful tool that looks at the markets in an almost infinite number of ways,” the Spartanburg junior said. “But I also learned it can serve as a job search and networking tool within the financial industry.”
McMillan said the Trading Room and technology students have access to are invaluable learning tools that prepare them for a time when gains and losses mean more than a grade.
“Year in and year out, our students are highly recruited by the financial services industry in the Southeast and beyond,” McMillan said. “Providing resources that bring real-life learning into the classroom is one of the reasons Clemson graduates are prepared when they enter the business world.”
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