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Bloomberg Terminal Reviews

User Rating

4.5/5 (Based on 61 Ratings)

Rating Distribution

  • Excellent

    60.7%
  • Very Good

    34.4%
  • Average

    3.3%
  • Poor

    1.6%
  • Terrible

    0%

User Sentiments

Comprehensive Financial Data, Real-Time Market Data, In-Depth Company Analysis, Excel Integration

High Cost, Steep Learning Curve, Outdated User Interface, Limited Offline Accessibility

Do You Use Bloomberg Terminal?

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Review Summary

Bloomberg Terminal is lauded for its comprehensive financial data, real-time market information, and robust analytical tools. Users particularly appreciate its speed, efficiency, and the ability to access diverse data sources in one platform. However, they often cite the steep learning curve, outdated user interface, and high cost as drawbacks. While Bloomberg's support team is praised for its responsiveness, some users note inconsistencies in the quality of assistance provided. Overall, Bloomberg Terminal remains a powerful tool for financial professionals, but its user-friendliness and accessibility could be improved.

Pros

  • Provides comprehensive financial data, including realtime market prices, news, research reports, and company specifics.
  • Offers a userfriendly interface that allows users to easily find relevant information, including company consensus data, analyst estimates, and call transcripts.
  • Features extensive data analysis capabilities, making it a valuable tool for financial professionals in research, portfolio management, and risk assessment.

Cons

  • The user interface can be complex and challenging to navigate for firsttime users, requiring a significant learning curve.
  • The pricing for Bloomberg Terminal is high compared to its competitors, making it costprohibitive for smaller businesses and individuals.
  • The software is not cloudbased, making it difficult to access full functionality without a dedicated terminal, which can be inconvenient for remote work.

AI-Generated from the text of User Reviews

Reviews
AU

Anonymous User

January 31, 2022 Source: G2.com
"Vastly Used by the Industry and the Absolute Dominator"
What do you like best about Bloomberg Terminal?

It enables professionals in the financial service sector and other industries to access Bloomberg Professional Services. Users can monitor and analyze real-time financial market data and place trades on the electronic trading platform. In any financial company, from the front office to the middle and back office, it has all the functions and features you need.

What do you dislike about Bloomberg Terminal?

Its way of structuring and coding predominates it; if a company wants to tailor the product to its own need, it will cost a lot of money and time, unfortunately.

Recommendations to others considering Bloomberg Terminal:

It provides a one-stop service to all financial institutions

What problems is Bloomberg Terminal solving and how is that benefiting you?

My firm uses it for trading, portfolio management, monitoring, and surveillance purpose.

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AU

Anonymous User

December 28, 2021 Source: G2.com
"so easy to use"
What do you like best about Bloomberg Terminal?

can search anything and the help desk is so helpful

What do you dislike about Bloomberg Terminal?

takes up a lot of computing power so can't use other applications

Recommendations to others considering Bloomberg Terminal:

use the helpdesk

What problems is Bloomberg Terminal solving and how is that benefiting you?

finding key financial information and everything aggregated in one area

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TK

Tejashwi K

August 31, 2021 Source: G2.com
"Bloomberg - king of all database"
What do you like best about Bloomberg Terminal?

The with of data Available on Bloomberg is phenomenal - you get everything you can think of.

What do you dislike about Bloomberg Terminal?

It user interface can be a lot more easy to use for someone who is new.

Recommendations to others considering Bloomberg Terminal:

Learn the commands and how to extract the data you need. Once you are comfortable with that, Bloomberg is a life saver.

What problems is Bloomberg Terminal solving and how is that benefiting you?

Valuation and anyone looking to do any lind of financial analysis

Read more
AU

Anonymous User

August 11, 2021 Source: G2.com
"All in one"
What do you like best about Bloomberg Terminal?

The user friendly UI that helps to search anything as simply as typing it on Google.

What do you dislike about Bloomberg Terminal?

Nothing as of now. The software is really good and works well almost every time. And in many instances it also gives information about non public companies.

What problems is Bloomberg Terminal solving and how is that benefiting you?

It solved my purpose of company consensus data, peer analysts estimate, guidance, call transcripts, adjustments to profits and many more.

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SB

Sunil kumar B

July 19, 2021 Source: G2.com
"Easy and Simple to use Bloomberg Terminal"
What do you like best about Bloomberg Terminal?

As the market opens, I need live news from every primary news source and look at detailed views of individual companies as they appear on the news ticker. I need to have a calendar of economic releases ready so that I'm not caught unaware by the release of market-moving information

What do you dislike about Bloomberg Terminal?

It is not costly. Not everyone can afford it

What problems is Bloomberg Terminal solving and how is that benefiting you?

It gives real-time prices followed by news which helps in trading. Based on my experience and the organization i worked I could see that it is not much help to the equity traders

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AU

Anonymous User

October 25, 2019 Source: G2.com
"Information Rich and Functional"
What do you like best about Bloomberg Terminal?

I like that all data is laid out in one place, and there is no question that all data will be there

What do you dislike about Bloomberg Terminal?

It is not very intuitive, and sometimes difficult to find certain data points or functionalities. Sometimes, when I have asked for help with some functions, I have received very little help

What problems is Bloomberg Terminal solving and how is that benefiting you?

I use it to pull data points to look for trends in price movements - it is very quick and easy to pull data in from Bloomberg, and thus it makes me far more productive

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AU

Anonymous User

September 19, 2019 Source: G2.com
"Great research platform"
What do you like best about Bloomberg Terminal?

I love the plethora of information! Not only are you able to search and find information on nearly every index, equity, bond, and any other security created, but you can compare these features and find very helpful information. You can also export directly to Excel which is much easier than copying and pasting.

What do you dislike about Bloomberg Terminal?

I do wish the layout was a little prettier. FactSet was more intuitive than Bloomberg and did not require a special terminal or keyboard.

Recommendations to others considering Bloomberg Terminal:

Make sure to memorize the shortcuts that you need to type in to get to certain screens. It will make your research more efficient and you will be able to find more data quickly. Also get used to using the keyboard and typing in numbers that correspond to finding data as the keyboard is easier to use on Bloomberg than is the mouse.

What problems is Bloomberg Terminal solving and how is that benefiting you?

Finding yield and duration information, comparing indices, seeing what percentage the market is pricing in more Fed rate cuts.

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AU

Anonymous User

August 24, 2019 Source: G2.com
"Great Terminal"
What do you like best about Bloomberg Terminal?

Just the sheer amount of data that they have, seriously. I used Thomson Reuters before but Bloomberg's menu was much easier to use. Plus, more companies and investors are using it in comparison so you'll have more access to the market

What do you dislike about Bloomberg Terminal?

Excel add-in was slower than the software. But that wasn't a big issue

What problems is Bloomberg Terminal solving and how is that benefiting you?

Usually i used it for data collection for my research at the university. Tools and addin in the excel were quite useful to specify what exactly i was searching

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AG

Andranik G

August 3, 2019 Source: G2.com
"My review of Bloomberg terminal"
What do you like best about Bloomberg Terminal?

The amount of information you can receive from the system is amazing. it is quite comprehensive and valuable to use

What do you dislike about Bloomberg Terminal?

It is a bit difficult to understand all its functionalities at the beginning but with the time you can get used to it

Recommendations to others considering Bloomberg Terminal:

Highly recommended

What problems is Bloomberg Terminal solving and how is that benefiting you?

it is making the financial decisions and analysis easier since you have a large amount of data

Read more
AU

Anonymous User

August 1, 2019 Source: G2.com
"Crucial tool for any investment analyst. "
What do you like best about Bloomberg Terminal?

The Bloomberg terminal is incredibly helpful for investment professionals. The amount, and quality, of data is unparalleled.

What do you dislike about Bloomberg Terminal?

It can be “cumbersome” to use and requires a somewhat steep learning curve.

Recommendations to others considering Bloomberg Terminal:

Ask Bloomberg consultants for help. They are very good and helpful

What problems is Bloomberg Terminal solving and how is that benefiting you?

I am able to get a large number of varied financial data for international companies across asset classes.

Read more

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