For example, undergraduate and graduate students in FIN 461/561 (Financial Analysis of Mergers, Buyouts, and Restructuring) use the Bloomberg terminals as a primary information source for three valuation exercises each semester. Access to Bloomberg allows our faculty to integrate an industry-standard data source into their courses. First, the use of Bloomberg in the curriculum advances the use of technology in the service of teaching and learning.
How would you describe the innovation and/or the significance of your project: Bloomberg access is significant to our students in many ways. During the time Student Technology Fee Funds are received to support the Bloomberg licenses, the Department of Finance intends to embark on a fundraising campaign to create an endowment that would support the cost of Bloomberg licenses in the future. Because of the importance of this program to our students and faculty, the Department of Finance proposes to pay the remainder of the cost out of the Department's annual budget. We are seeking a Student Technology Fee grant to support approximately half of the annual cost of the licenses. The Finance department has been asked to shoulder this cost in the future, which would represent a significant portion of the department's budget. The current annual cost for our licenses is $65,880. The problem this proposal is attempting to solve is the cost of maintaining the Bloomberg licenses. Bloomberg skills give our students an edge during the recruiting process and an advantage over their peers once they are employed because many business professionals use Bloomberg regularly. Bloomberg both impacts a large percentage of undergraduate and graduate students who use the technology as part of the classroom experience (e.g., class projects) and has a deep impact on a smaller number of students who use the technology for their graduate theses, honors course extensions, case competitions, and career preparations. As described in more detail below, Bloomberg technology impacts hundreds of students in the service of teaching and learning and advances the co-curricular goals of the Miami Experience.
BLOOMBERG TERMINAL FOR STUDENTS FREE
These licenses allow all Miami students and faculty to access Bloomberg free of charge. The FSB currently purchases Bloomberg licenses that enable students and faculty to create an account to access Bloomberg data and resources. One platform used by many business professionals to access and analyze data is Bloomberg, which is a proprietary product that requires users to purchase a license.
It is important that we train our students to use data to solve problems so they are well-prepared for careers in business. Managers use data to anticipate, identify, measure, and solve problems. The primary users of the Bloomberg terminals are FSB undergraduate and graduate students.Įstimated Number of Under-Graduate students affected per year (should be number who will actually use solution, not just who is it available to): 600Įstimated Number of Graduate students affected per year (should be number who will actually use solution, not just who is it available to): 50ĭescribe the problem you are attempting to solve and your approach for solving that problem: Business is a data driven field. Other Team Members and their emails: Joel Harper, Chair, Department of Finance Departments Benefiting or Affected by this proposal: Bloomberg accounts are available to all Miami University students, faculty, and staff.
BLOOMBERG TERMINAL FOR STUDENTS LICENSE
Long Title (if desired): Bloomberg Terminal License Support Project Title: Bloomberg Terminal License Support
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