Daniels added a dozen terminals to enhance learning, teaching and research
A critical business information platform is now widely available to members of the Daniels College of Business community, providing experience that will enhance classes, their research and their employability after they graduate.
Twelve Bloomberg terminals across three Daniels departments—the Reiman School of Finance, the Burns School of Real Estate and Construction Management, and the Fritz Knoebel School of Hospitality Management—will allow more students than ever to access valuable, live financial data. Plus, the software opens the door to a number of valuable professional certifications, which students can earn for free.
“In class, we teach financial concepts and how they work, but with the terminal you can actually put that into practice,” said Chris Hughen, an associate professor at the Reiman School of Finance. “We want them to learn to use the state-of-the-art tools to bolster their understanding. Getting that certification will be a really great way for them to start climbing up the career ladder and get great jobs after graduation.”
Hughen leads the Marsico Fund class, which manage a $3 million stock portfolio. Students learn to perform thorough analyses, identify risks, communicate the results and convince others of their recommendations.
Along the way, they may use Bloomberg terminals to see, in real time, the foot traffic in an Apple store, the amount of activity on the Dick’s Sporting Goods website or aggregate reports on credit card spending. There’s no need to wait for quarterly financial data.
And in a fiercely competitive job market, Hughen says familiarity with Bloomberg terminals is a differentiator.
“When [our students] go into interviews, we want them to bring in these stories of: ‘Look at this cutting-edge thing that I did,’” he said, “stories they’re not going to hear from other applicants.”
Subhan Chiluwal, who is earning her master’s in applied quantitative finance, recognizes how valuable these terminals can be.
“We want them to learn to use the state-of-the-art tools to bolster their understanding. Getting that certification will be a really great way for them to start climbing up the career ladder and get great jobs after graduation.”
“The whole terminal is really up to date with what’s going on in the market,” she said. “Companies do release financial statements, but Bloomberg makes it easier. Everything is in one place. The whole industry is using this platform. If you know how to use this you can stand out when applying for jobs.”
The technology is just as useful for faculty like Amrik Singh, a Knoebel School professor who researches external economic shocks to the hospitality industry. Bloomberg has the complete, historical financial data on hotel loans he needs.
The whole industry is using this platform. If you know how to use this you can stand out when applying for jobs.
Subhan Chiluwal
MSAQF Student
Previously, Singh had to vie for time with other students and faculty on the College’s lone terminal, located in the Daniels building. A terminal in the Joy Burns Center makes his research more efficient—and it’s helped him build interdisciplinary connections with other faculty.
“I’ve started expanding [my research] to other property types,” Singh said, who has begun working with Burns School director Vivek Sah and assistant professor Ryan Chacon. “[The terminal’s use] doesn’t have to be in finance. Anyone can use it for whatever purpose. It hosts tremendous amounts of data and is accessible so students can get to it.”
Singh says terminal access also enables him to bring higher-quality data into his valuation and feasibility courses.
“I think being able to bring it in the classroom for students to apply it and to see how they utilize it is beneficial and helpful,” he said. “It gives them an edge.”