The School of Business Administration is proud to announce the opening of our state-of-the-art Bloomberg Lab in Kalkin 327.
Thanks to a generous donation from The Grossman Family Foundation of Cos Cob, Connecticut, the School was able to purchase one dozen Bloomberg terminals for the third floor computer lab. Bloomberg is a computer system that enables financial professionals to analyze real-time financial market data movements and place trades. Earlier this year, the Grossman Family Foundation donated $250,000 to the School to support Dean Sanjay Sharma’s priorities.
“The School of Business Administration is extremely appreciative of The Grossman Family Foundation’s generous gift,” said Dean Sanjay Sharma. “This new Bloomberg Lab will allow more students to receive that practical experience of actually using a Bloomberg terminal before graduation and hopefully give them a competitive advantage during their job search.”
Faculty members are excited about the new lab because it will allow them to incorporate exercises and activities using the same resources as today’s business professionals.
“Financial professionals use Bloomberg daily, and are increasingly expecting new recruits to have Bloomberg knowledge as part of their technical skill set,” said Associate Professor Michael Tomas III, of the School of Business Administration. “The real-time data and historical financial information is used by professionals in commercial and investment banking, money management and other financial services, government offices, and news agencies around the world.”
Students can also take part in the Bloomberg certification program at any time, which consists of four core videos that range from 15-30 minutes followed by an exam. A grade of 75 is required to pass each portion. There are also four specialized videos and exams that test knowledge on foreign exchange, fixed income, equities and commodities. Students who successfully complete the exams will receive a special certificate.
“I think it’s a great thing to put on your resume, a lot of kids don’t have this opportunity in school to get proficient in it,” said Reese Green, a senior Business School student concentrating in Finance. “It’s great to have an entire Bloomberg Lab, it’s a really good opportunity for all of us.”
The School of Business Administration held two training sessions at the end of September for students and plans to hold several more in the upcoming months.
“I definitely plan on coming back and tinkering with it in between classes and my breaks,” said Thomas Martin, a senior engineering student who is minoring in Business Administration.