| Topic Name: |
Job Position |
| Message Name: |
Speak to the real issue |
| Date Posted: |
01/30/2006 |
| In Reply To: |
Bloomberg is a great place for Equity people, 60k in New Jersey is equivalent to 90k in the city. To be able to do the "cut and paste" work correctly, one needs KNOWLEDGE and a SHARP MIND.
Any bank job, be it in the city or anywhere, is numbers oriented, if you can not handle the work, then be gone voluntarily or be gone involuntarily. There is simply no compromise on the quality of Bloomberg product.
Clients pay good money to see the EVALUATED financials on the Bloomberg, then decided on the value of their investments. It's a serious business, so be prepared to sign your name to your "cut and paste" work after you finish it.
Everyone in Princeton know who the poor performers are, people talk behind your backs and laugh at you when you write such dumb statements on this stupid board. Be careful not to reveal too much about yourselves.
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| Message: |
The real issue is that college-educated people can only do cut-and-paste for so long before they look for another job that is more challenging. Having knowledge of what to cut and a sharp mind to put it in the right box is not "analysis" in a Wall Street sense.
Resumes should contain one's real job title. But I can't see any prospective employer thinking that Bloomberg "analysis" (BDAP cut and paste) as anything more than data entry. There is an obvious disconnect between Bloomberg calling workers "analysts" and what the rest of the financial community considers analysis to be.
Analysis is the re-interpretation of data to pull new knowledge out of numbers so the original numbers are seen differently. Cutting and pasting is not analysis in any sense of the word; you didn't create the programs that actually do any analysis nor do you interpret any data for a paying customer.
Of course precision is important in putting numbers in a box but don't let prospective Bloomberg employees believe for a minute that these skills are transferable to any Wall Street firm that is advertising for real analysts.
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