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Campus News / News

Breaking in the Bloomberg Business Lab

12/28/2018 10:00 am

Dr. Orhan Erdem

Puri School of Business 

The University officially opened its Bloomberg Business Lab featuring the Bloomberg Professional service at the start of the 2018 spring semester. Now two semesters into its use, faculty and students alike are excited about how the lab is benefiting the business curriculum. The Bloomberg Business Lab features 11 state-of-the-art terminals and is the only lab offering this level of global business resources in the Rockford area. Students are able to use the Bloomberg Professional service to further develop industry leading skills for careers in finance, economics, accounting and business; and directly linking them to the more than 320,000 leading business and financial subscribers worldwide.

Orhan Erdem, Ph.D., visiting associate professor in the Puri School of Business explains, “The Bloomberg Business Lab introduces students to real finance industry that encompasses high volatility and enormous risks. The undergraduate and graduate students have the opportunity to apply theoretical information they gain during their classes. The Lab provides them with applicable skills and hands-on experience to prepare them for a global business environment and a competitive job market.”

The Bloomberg Professional service, Bloomberg’s core offering, is a software platform that provides trusted real-time and historical data, market moving news and analytics to help business and financial professionals make better informed investment decisions. The service also features execution platforms for every asset class, research and a global network to communicate securely and reliably. The University’s subscriptions to the Bloomberg Professional service is a tremendous resource for both students and professors. It enables students to become familiar with tools used in financial services, thereby reinforcing classroom theory, while professors can use it to further their own research.

Puri School of Business Chair John Gunyon, Ph.D., adds, “The addition of the Bloomberg Business Lab is proving to be an incredible asset to our growing business curriculum. The technology brings together all of the data, news and analytics to provide the kind of complete understanding of companies, industries and markets that are critical to finding successful entry into today’s financial job market.”

The Bloomberg Business Lab was made possible by Rockford University alumnus Sunil Puri and his contributions to establish the Puri School of Business. The business school is home to the Department of Economics, Business and Accounting, including the Master of Business Administration, Executive Development and Adult Accelerated Degree Completion programs. The academic programs offered by the department are accredited by the International Assembly for Collegiate Business Education (IACBE).