Bloomberg is the leading global business and financial information and news provider that uses its media channels and technology to connect individuals, businesses and governments to a dynamic network of information, people and ideas that shape the business and finance world.
There are a plethora of opportunities available at Bloomberg for ambitious students, with internships across an array of departments. And often students' experiences on these internships result in exciting careers at Bloomberg. Here we spoke with a graduate working in Global Data about her experiences as an intern and how it helped her secure a graduate position at the company.
This department is at the heart of Bloomberg. Global Data analysts work closely with Sales, News, and Research & Development, as well as other Bloomberg departments. Global Data is responsible for maintaining and providing accurate and timely information to clients on the Bloomberg terminal, as well as helping to improve their experience of the terminal.
New hires can choose to focus on a particular market sector, such as equities, fixed income, funds, energy, commodities, or derivatives.
Name** Paula Cook-Dinan**
Role Interim Equities Team Leader
Education Honors Bachelor of Arts, Political Science, Economics, McGill University; MSc International Political Economy, LSE
I really enjoy doing research so Global Data seemed like a good place to intern. That's because a big part of working here is digging around for data that a lot of other people wouldn't be able to find. For example, I was placed in the Sub-Saharan Africa team and our job was to collect financial data on companies there.
*It was a massive challenge bit it was also a great opportunity. *These companies' lack of transparency and the fact that most of them don't even have an investor relations department made my job ten times harder, but doing it was great because I got to deal with clients right away, calling these companies and attending investment conferences.
*Before I took on my permanent role, I joined the Global Data training programme. *I got to visit Bloomberg's US headquarters for a month where I was trained on all asset classes and assigned a team. I was a bit more proactive with my team choice than most because I heard from someone that there was an opening in the mergers and acquisitions (M&A) team back in London, so I got in touch with them and expressed my interest in the role. Thankfully, it paid off!
My job right now is to monitor the M&A market. It's very fast-paced because whenever a deal is announced we have to feed the deal information onto the terminal so that investment bankers, traders, portfolio managers, and any other people who are interested in the deal can see all the information in one place. We're also required to write up descriptions about why the deal is significant or any other useful information in order to give some context to it.
A recent M&A deal I worked on involved Google.They announced that they were acquiring a company called Nest Labs for $3.2 billion (£2 billion) in cash. So we had to extract the key data from the press release and add it on to the terminal. Nest Labs make thermostats and smoke alarms, and we decided it represented quite a strategically interesting deal for Google, as they may be looking for new and innovative ways to get their products and tools inside people's homes.
I think Bloomberg is really good at seeing your potential. A few months ago, my team leader was promoted to a temporary new position and she asked me if I wanted to take on her role. I thought it would be a really good opportunity and a great test of my management skills. Since then, I've been in charge of the entire M&A team, as well as other teams in Global Data.