What is Bloomberg Market Concepts?
Bloomberg Market Concepts (BMC), also known as Bloomberg Certification, is a self-paced e-learning course that provides a visual introduction to financial markets and the core functionality of the Bloomberg terminal. It takes ~8 hours to complete and progress is saved automatically. After finishing BMC, Bloomberg provides a "Certificate of Completion".
BMC Modules Required for Certificate:
- Economic Indicators (~1 hour): The primacy of GDP; monitoring GDP; forecasting GDP.
- Currencies (~1 hour): Currency market mechanics; currency valuation; central banks and currencies; currency risk.
- Fixed Income (~3 hours): The roots of the bond market, bond valuation drivers; central bankers and interest rates; the yield curve and why it matters; movements in the yield curve.
- Equities (~3 hours): Introducing the stock market; the nature of equities; equity research; absolute valuation; relative valuation.
Optional BMC Modules:
- Terminal Basics (~2 hours): Using the terminal; analyzing the market; exploring the equity market; discovering the fixed income market; building an equity portfolio.
- Commodities: Intro to commodities; commodity fundamentals; commodity players; commodity training.
- Equity Options: Intro to stock options; using the language of the options market; the role of a stock options trader; basic multi-leg strategies.
- Portfolio Management (~2 hours): Defining a portfolio manager; generating ideas; building an equity portfolio; analyzing a portfolio; assessing portfolio risk.
Enrolling in Bloomberg Market Concepts (BMC)
Any Union student can take the BMC course at the Bloomberg Terminal at no cost.
At the Terminal:
- Run the function BMC<GO> by entering BMC into the command line and hitting "enter".
- Plug your headphones into the back of the Bloomberg keyboard.
- For further instructions, see Bloomberg's "Instructions for BMC" guide.
BMC Help
- At the terminal: Use BMC <GO> to view FAQs and support materials.
- On the website: Email support at bbg.edu@bloomberg.net
