Bloomberg Vs Market Risk

pandabond's picture
Rank: Chimp | 7

Being a software engineer, with an MBA in finance (passed CFA level 1), I am transitioning from tech to finance. I currently have offers from Bloomberg for (Global Market data analyst - Econometrics) and one of the major banks(Market Risk). Though Bloomberg is paying way better than the bank, I need help to identify the exit opportunities through both options. Over the long term, I want to stay and build a career in capital markets, but don't want to stay in the back/middle office for long.

Comments (5)

Apr 1, 2019

Hey pandabond, sorry about the delay, but are any of these useful:

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  • Project Based Section 8- Underwriting compared to Market Rate for the subject, despite being project based Section 8, would be comparable to similar market rate ... that contract rents are brought in line with market. Because this project has two HAP contracts which ... a major CBD market, in a decent area of the city (i.e. not the "projects", there are decent ...
  • Market Risk Vs Credit Risk Management opportunity to pursue either.. As far as I know Market risk involves calculating risk that the value of ... the market risk factors. Credit risk involves going through the financials of the clients and ... Which one should be a better gig(to transition into an IB role later after an MBA)? have an ...
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  • A Career In Market Risk experience in the field of Market Risk and everything around it from a career point of view if it ends up ... working at a top risk solutions vendor company (Bloomberg/MSCI/ BlackRock league). My role involved acting ... as a risk specialist for Hedge funds risk managers in UK, helping them with market risk measures, ...
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  • More suggestions...

You're welcome.

Apr 5, 2019

Bloomberg can be hard to exit from - don't see many people exit from there despite having good experience (BI Analyst, BNEF, etc.). I have seen a lot of traders/analysts wash up there and stay as the pay is okay and they get to stay in markets.

Ultimately depends on the pay delta, product, and bank, but I would lean towards the bank offer.

As a side note, Bloomberg has a bad rep on the street as an employer - they tend to underpay, have bureaucratic processes, and mistreat some of their good people due to internal politics.

    • 1
Apr 12, 2019

Thanks @gryphus

Apr 5, 2019

Interesting conundrum.

Initially, the Bloomberg offer struck me as a more appealing opportunity. Working as an econometrician seemed like a more "marketable" skillset - one that is more diverse than working in risk alone.

When, however, you mentioned an ultimate desire to work in capital markets (I assume ECM or DCM), the risk role looked, to me, like a more viable route. I think as well as gaining potential insight into capital markets themselves, being situated in a BB provides a lot more immediate networking opportunities and the chance to lateral internally.

Both are great roles, but I think the market risk position provides clearer access to what you ultimately want to do.

Apr 12, 2019
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