How often do investment bankers use a Bloomberg Terminal?
Particularly in mergers and acquisitions, but also in other areas of I-banking?
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If I want detailed info on debt tranches and don't trust FactSet, I use it.
Every now and then, I'll use it for industry-specific transaction screens, but MergerStat usually suffices.
what is your job title?
All the things I've used Bloomberg for:
-Taking Beta comp data for WACC in a DCF -Finding more detailed info on debt tranches (same as whateverittakes said) -Seeing which ER reports have been released so that we can track them down on Thomson One -Quickly checking benchmark estimate projections versus our own estimates when we project financials (so we know we're not too far off the mark)
As you can see, my group doesn't use Bloomberg too frequently. We all share one terminal. That being said, advanced knowledge (including certifications) of Bloomberg can certainly HELP you, especially as very few people in my group (myself included) know how to use Bloomberg well. We frequently have to ask the more senior guys or guys in the more technical groups how to perform certain tasks as we don't really receive formal instruction in Bloomberg.
you are using T1? we have to talk http://www.wallstreetoasis.com/forums/financial-terminals-software-bloo…
debt as mentioned.
strip pricing for o&g.
messaging my former colleagues on the sell and buyside.
Cost of debt data in addition to beta for WACC
Bankers dont use Bberg...only junor monkeys like us use it all the time....
we have one in our whole office, and still gets used rarely
primarily for finding Betas as others mentioned, forward LIBOR rates, and also has the best data on stock ownership (better than thomson or capIQ) and research coverage
mostly I am using CapIQ for basic historical data/screens and thomson for estimates/research as they are accessible via my computer which is obviously more convenient then walking all the way over to the terminal
We use them very often in addition to CapIQ.
Modeling: CapitalIQ / FactSet Market yields/rates and Barclays Premier League results: Bloomberg
I'll chime in and say that during my time in MM M&A, I never touched the BB terminal once. You can get LIBOR rates on Bankrate.com, and betas for public companies are on Google Finance. Anything else is available in CapIQ.
pls do not get betas from google finance; i'm begging you
ECM/DCM quite frequently. Id say most product groups, especially Converts, do for linking to models.
I know my bf through internet .He is an IBanker.He said that He can only chat and voice call to me by skype.But he cannot let me see his webcam becoz the rule of the bank.And now he is travelling he said that the bank dont let hin use skype while travel.He work for ubp bank now.Is that true that ib cannot use webcam?
bwhahahahaha
When I perform a DCM function, Bloomberg is a must. It is much more powerful than capiq for debt pricing, yield determination, make-whole premia, etc. I've gotten decent at pulling data into excel which is much less intuitive than the capiq equivalent. Capiq is great for quick comps and financials and getting a feel for a new company.
I rarely use Bloomberg. Pretty much just to see which analysts cover a certain stock and finding the right WACC.
Literally never. If I need data from Bloomberg, I ask the support team to help me out.
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