We recently attended a university open day at Bloomberg to find out more about their graduate schemes and what they’re looking for in candidates. They recruit around 250 graduates a year (throughout the year), and about 100 students for summer internships. As with all graduate schemes, competition is fierce, with them receiving around 12,000 applications a year – so yours really needs to stand out!
Bloomberg’s graduate intake is spread across several key areas: Analytics & Sales (majority start here as Analysts), Global Data, Global Customer Support and Technical Support, and the application process consists of:
- Online application
- Online numerical test
- Telephone/video interview
- 3 final interviews (with team leader, manager & head of department)
We’ve outlined some of their key bits of advice for students, and much of this can be applied to other schemes you may be applying to.
- You don’t need to have a finance background. The key recruitment message is that they recruit from any degree subject (for most roles). However, candidates must have an interest in finance and be inquisitive in nature.
- Tailor your CV to the job description and show evidence of the key skills required. This is crucial with any job application. You should always target your CV to the role you’re applying for, by matching your skills and experience with what the employer is looking for. Always send a new CV with each role you apply for, which is specific to that particular job.
- Keep your CV to one page. This goes against the usual rule of two sides, but does apply to finance roles. Bloomberg told us the strongest CVs they see are a single side in length, and clearly highlight your IT and language skills.
- Language skills are valued highly. Bloomberg officially supports 15 languages, so if you’re fluent in a second language, make sure this stands out in your CV and applications. Key languages required are: Russian, Spanish, French, German, Italian, Portuguese and Japanese.
- But don’t over-exaggerate your language skills. Recruiters sometimes switch between languages in an interview situation, so don’t get caught out!
- Do your research. Interviews will test financial knowledge, i.e. you should know key terms and processes. Developing your commercial awareness is essential as you may be asked about a recent financial news story. This applies to any interview – you should always research the organisation, role and sector thoroughly to demonstrate your knowledge and motivation for applying. Top tip – for a financial role, research financial market news and explain why it is of particular interest to you/your background, rather than stating obvious and general topics such as Brexit.
- Demonstrate proactivity. The candidates who stand out are those who have used their time at university to develop key skills – through internships and work experience, but also by joining clubs and societies, and generally getting involved in activities and opportunities. For technology-based areas of Bloomberg, again you do not need a specific degree, if you can demonstrate technical skills through a hobby or society for example.
Where to look for further advice and information:
- Developing your commercial awareness, by being aware (QM Jobs Blog post with resources to gain industry understanding).
- Careers & Enterprise website, with information on CVs, cover letters, applications, psychometric tests, interviews & assessment centres.
- You can book a 1-2-1 appointment with a Careers Consultant to discuss your options and get feedback on an application.