Congratulations to Leonardo Fabbri and Laurent Renaud, placed 9th out of 100 teams in the 2014 Bloomberg Investment Competition
Two level 1 students from the Department of Economics and Finance, Leonardo Fabbri and Laurent Renaud, were placed an impressive 9th of out 100 teams at this year’s Bloomberg Investment Competition.
Up to 100 teams enter the competition each year and are all provided with a fictional £100,000 currency with which to compete for the opportunity to interview for an internship with Bloomberg. During the competition, which took place over a month, the participants used the Bloomberg Professional Services Platform at their respective universities. The Platform provides real-time experience that is identical to trading in real life. The goal of the competition is to enable participants to: Develop Investment Strategies, Develop Research and Analytical Skills, Keep Abreast of the Latest Developments of the Market and Build Bloomberg Skills.
Brunel University’s Economics and Finance programmes are particularly geared towards providing students with the skills they need to succeed in today’s challenging job market. Students who select the four-year sandwich course are able to undertake a one-year work placement to help them to develop these skills. Past students have worked at organisations such as Morgan Stanley, the Bank of England, PricewaterhouseCoopers, JP Morgan and Ernst & Young to name but a few. Furthermore students are taught using industry standard financial data systems including Bloomberg and Thomson Reuters Eikon, which have been fully integrated into the Economics and Finance curriculum to ensure that all students graduate having gained practical knowledge of systems used by industry professionals.
Both Laurent and Leonardo have been taught using this software by Dr Russ Moro (lecturer in Economics and Finance) who helped to promote financial data systems at Brunel, making Brunel one of the first universities in the UK to incorporate the new generation of financial data systems and the Bloomberg Aptitude Test (BAT) into their curriculum. The Bloomberg Aptitude Test is a test which students can take in order to improve their employability and visibility to employers. The BAT ranks individuals on their Analytical Reasoning, Economics, Global Markets, Investment Banking, Math and News Analysis, and stores their scores on a global database accessible to employers around the world, providing students more visibility in today’s challenging job market.
Commenting on their experience and success Leonardo and Laurent stated that: “The competition gave us a great insight into the world of investment analysis. We learned how to do investments based on both fundamental and technical analysis. Additionally we got a greater overlook on the market as a whole; it was a fantastic way of keeping up to date with macroeconomic news and seeing how they affect the financial world. Lastly, it boosted our curiosity of the financial industry in general and we definitely look forward to participating again next year. Our courses have played a substantially role in terms of doing well in the competition. Modules such as Financial Markets and Accounting helped us analyse and get a better understanding of how to complete an informed investment. Other modules such as mathematics, macroeconomics, microeconomics and statistics helped us indirectly by contributing to our overall knowledge of economics.”