Apr 01, 2019

Bloomberg Vs Market Risk

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.

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5y

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

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5y

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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.

Authored by: Certified Hedge Fund Professional - TraderCertified Hedge Fund Pro

O

5y

Thanks @gryphus

YoungDumbFullOfRum

Senior Neanderthal

ST

5y

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.

"Work is the curse of the drinking classes" - Oscar Wilde

O

5y

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