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.

 
Best Response

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.

“Millionaires don't use astrology, billionaires do”
 

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

 

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.

- Capt K - "Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham
 
Funniest

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?

 

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