| Topic Name: |
Job Position |
| Message Name: |
Apples and Oranges |
| Date Posted: |
01/30/2006 |
| In Reply To: |
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. |
| Message: |
Bloomberg, by and large, is not a BANK, except Tradebook which requires broker license.
Working at Bloomberg can only build you up if you aspire to work for an investment bank.
You have access to the most expensive, most sophisticated system designed for Wall Street, which in today's world, means any Fund company or Brokerage.
So anyone working for Bloomberg should add to the compensation of the access to this premium service as a fringe benefit, worth 1700 dollars per month.
Deciding what to do next is between yourself and God. Not complainers on this stupid board.
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