Recently over the course of my freshman year of college, I took the opportunity to get certified on the Bloomberg terminals. For those who aren’t familiar with Bloomberg, it’s a very expensive software ($20,000 per year!) that is used by many people around the world for many different reasons. The Bloomberg software essentially complies market trends, worldwide economic trends, values of different currency, international bond prices, stock info and so much more, into one single place. I’m not exaggerating when I say this program has everything having to do with economics and money. Think of it as the Google of market information.
The Morgan Franklin Fellowship inspired me to be more investment minded and think about the stock market in greater detail. As a result, I’ve begun exploring other investment and market-based activities like Bloomberg. I just became fascinated with the prospect of investing, and I wanted something that could give me all of the information that I needed, so getting certified was an obvious choice. Bloomberg is a great information tool and will be useful for looking at my quarterly reports for MFF as well.
Now the certification course I took was only eight hours long, and I barely scratched the surface of what Bloomberg can actually do. Bloomberg works by typing shorthand commands to get you to where you need to go. For example, the code GEW would bring up the key economic statistics for each country in the world. When you search codes like these, you also have the choice of how you want this information displayed, so if you wanted it displayed as graph instead just a list of numbers, you could do that. One of personal favorite things that I learned about was the fact the there is a Big Mac index, which looks at the price of McDonald’s Big Macs from around the world. Perhaps not the most useful of features, it was still neat to see the prices from around the world.
Bloomberg is a very interesting and informative software. I heard about Bloomberg in campus tours around my school, so I thought that it would be useful to learn. The Bloomberg certification, though an extracurricular activity, could still serve as being very useful later on, depending on my career. It was more like something I’ve been meaning to check out and just wanted to learn what exactly is was. Without my involvement in MFF, I probably wouldn’t have been inspired enough to try out Bloomberg or get certified.
However, I ultimately enjoyed learning the software, and even though I am certified to use it, there is still much I have to learn about the software to be able to fully us it to its potential.
Written by: Trent Remillard – Morgan Franklin Fellow