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:

  • Comparing Deloitte vs KPMG? enviornment Which is Better for Advisory- KPMG or Deloitte? Our users highlighted that Deloitte is generally ... Banking Associate" wrote: This is Deloitte Advisory, which is still part of Deloitte 7 Touche; even ... within Advisory, it depends on which function. I've heard KPMG's Financial Advisory practice ...
  • Comparing Investment Banks, Hedge Funds and Private Equity from IB backgrounds are faced with the decision of which career track to recruit for- PE vs. HFs. What ... Banking vs. Venture Capital Investment bankers are advisors that work with companies to raise capital for ... biotechnology Venture capital firms invest in companies with both a high risk and a high reward. Because of ...
  • DealMaven versus Wall Street Prep (comparing financial training solutions) from mine. DealMaven: Pros- Offers a lot of guidance into Excel shortcuts which is highly useful- ... overview of all kinds of different modeling, which is very easy to understand and learn Cons- Material ... expires after 3 months which is annoying because I need to refer back to the material for work/interviews- ...
  • 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 ...
  • capital IQ vs FactSheet vs bloomberg for ER and AM summary of my findings so far is at follows: bloomberg 1) for Fixed Income is king 2) is best for market ... data and news factset 3) jack of all trades as for risk, portfolios, financial data (which sometimes ... perspective. basically i'd like to know which are the mostly used platforms in ER (buy and sell side) and ...
  • 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, ...
  • VS which one is best for financial news streaming? Which one do you all use? which one is better? which ones do you guys use more? any good finance sites out there? bloomberg ... I used to love until they underwent that total white redesign... I've been ... using StreetStreamer (something no one has ever heard of lmao) which closed down apparently and became ...
  • 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