The Business & Finance Institute

Written on 09/05/2024

Greg Guastavino

and Bloomberg Finance Lab

About the Business & Finance Institute

All Monsignor Farrell students, from freshmen to seniors, are invited to join the Business & Finance Institute. Fill out the interest form by clicking the button below.

Equipped with 12 Bloomberg terminals — the same technology found on trading desks and research departments of the largest financial institutions in the world — plus a SMART Board, video and teleconferencing technology, a financial library of current periodicals and other business and finance-related literature, and a real-time digital stock ticker, the Business & Finance Institute serves to bring financial literacy to students.

The Business & Finance Institute is one of only two Bloomberg-based programs currently of its size in all of New York City and the first of its kind on Staten Island. On top of supporting curriculum courses in financial literacy, accounting, economics, and business, the Business & Finance Institute serves as the launching pad for extra-curricular programs, including investment clubs and competitions, entrepreneurship workshops, summer business and investment camps, and special programs for local grammar schools and middle schools.

Interest Form

Bloomberg Certification

This is open to all members of the institute from freshmen to seniors. The Bloomberg Terminal is a computer software system provided by the financial data vendor Bloomberg L.P. that enables professionals in the financial service sector and other industries to access Bloomberg Professional Services through which users can monitor and analyze real-time financial market data and place trades on the electronic trading platform. It was developed by employees working for businessman Michael Bloomberg. The system also provides news, price quotes, and messaging across its proprietary secure network.

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.

Alumni Guest Lectures & Discussion Panels

Accomplished alumni return to campus as guest lecturers, engaging the students in topics related to investment banking, portfolio management, private equity, cryptocurrency, real estate, entrepreneurship, and more.

Alumni portfolio managers from a 2024 competition.

Equity Portfolio Investment Competition

Students in the Business & Finance Institute who participate in the portfolio investment challenge will be grouped into teams led by Alumni Portfolio Managers who have expertise in finance.

The managers play an education, mentorship, and guidance role and will not be responsible for any specific investment decisions made by the students in the model portfolios. The goal is to give the student teams full responsibility for construction, allocation, stock selection, and all other important decisions through collaboration and diligent research. Each portfolio will break up into research sub-groups and propose ideas to a portfolio commitment committee entirely comprised of student members of the portfolio team. The alumni manager will provide the students with insight into how to set up an appropriate structure to form a well-functioning team and make educated, research-supported investment decisions. The manager will not approve or disapprove investment decisions but instead, provide the students with the knowledge and guidance to make their own decisions.

Alumni managers will introduce the investment teams to terminology and concepts such as portfolio strategy and construction, allocation, risk management, diversification, market risk, correlation, fundamental and technical analysis, and more. The students will meet regularly with faculty “Portfolio Administrators” to put what they learn from their Portfolio Managers into action.

If you have any questions about the Business & Finance Institute, please contact Mr. Cusick.