Campus Talk: Bloomberg Terminal at St Xavier’s College to train students in finance

On the Bloomberg Terminal at the St. Xavier’s College, Prof Ameya Patekar said, “Generally such lab access is available for students of management courses such as MBA or equivalent courses.”

With as many as 16 terminals, this will be one of the biggest labs in any educational institution in the city which intends to make students industry ready with real-time financial data from across the world.

In a first, students pursuing professional courses such as Bachelor of Management Studies (BMS) and Bachelor of Accounting and Finance (BAF) at the St. Xavier’s College in Mumbai will have access to cutting-edge financial software systems through the recent installation of the Bloomberg Terminal on the campus.

With 16 terminals, this will be one of the biggest labs in any educational institution in the city which intends to make students industry ready with real-time financial data from across the world.

Assistant Professor Ameya Patekar from Xavier’s Institute of Management and Research (XIMR), said, “The Bloomberg Terminal will benefit students across various departments, particularly those in economics, commerce, and management studies. It will enable them to conduct in-depth market research, analyse economic trends, and make data-driven decisions. The terminal’s robust analytics and trading capabilities will also offer practical experience, bridging the gap between theoretical knowledge and real-world application.”

Talking about what is unique in case of the Bloomberg Terminal at the St. Xavier’s College, Prof Patekar said, “Generally such lab access is available for students of management courses such as MBA or equivalent courses. But here at St. Xavier’s college, along with students from post-graduation management courses, undergraduate students and their faculty too will have this access to real-time financial data, analytics, and news.”

Dr. (Fr.) Conrad Pesso, Chairman XIMR, said, “This powerful tool, widely used by finance professionals globally, will provide Xavierites with a comprehensive understanding of global markets, equipping them with the skills necessary to excel in the financial industry.”

After the lab was inaugurated last week, training and orientation sessions have begun for faculty and students to familiarise them with the use of this sophisticated technology.

With activities like workshops, competitions, certifications and curriculum integration, the renowned city college intends to bring practical aspects to whatever is taught in classrooms by seeing how the theories and concepts are applied.

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“We are providing the exposure and access to all. Now it is up to the students how much they want to explore this infinite source of knowledge,” said Prof Patekar.

The new addition to the college’s academic infrastructure is expected to provide its students an edge in placements as recruiters from the financial sector would value young individuals having knowledge of maximising the use of the terminal.

Principal of St. Xavier’s College, Dr. Rajendra Shinde, said, “Generally, we see graduates from BMS, BBA and BAF entering industry and then learning it and in turn, returning to classrooms for their MBA to hone their skills. But at St. Xavier’s college, graduates from these courses too will have working knowledge of the Bloomberg Terminal.”

Pallavi Smart

Pallavi Smart is a Principal Correspondent with The Indian Express, Mumbai Bureau. Her reporting is singularly focused on the education sector, demonstrating exceptional Expertise and Authority across the entire spectrum of learning, from foundational schooling to advanced higher education. She is a highly Trustworthy source for policy, institutional developments, and systemic issues affecting students, teachers, and parents in Maharashtra. Expertise Senior Role: As a Principal Correspondent at The Indian Express, her designation reflects her seniority, specialized knowledge, and the editorial rigor applied to her reporting. Core Authority & Specialization: Pallavi Smart is the definitive voice for Education news in the region. Her coverage scope is comprehensive: Policy and Regulatory Changes: Reports on major shifts in educational policy, including the restructuring of entrance exams (e.g., MHT-CET adopting the JEE Main model), the draft regulatory framework for coaching classes, and revised teacher recruitment processes. Higher Education Institutions (HEIs): Provides in-depth reporting on prestigious institutes like IIT Bombay and TISS (Tata Institute of Social Sciences), covering institutional initiatives, administrative debates (e.g., renaming IIT Bombay), and student welfare programs (e.g., mandatory mental health courses). Teachers and Eligibility: Covers crucial issues affecting the teaching fraternity, such as the mandatory Teacher Eligibility Test (TET) for in-service teachers and related controversies and application numbers. Student Welfare & Rights: Focuses on issues concerning students, including the rollout of government scholarships, the financial strain on schools due to midday meal reimbursement delays, and instances of child rights violations (e.g., the Powai studio hostage crisis). Admissions and Vacancy: Tracks the outcome of centralized admission processes (e.g., MBBS, BPharm) and analyzes vacancy concerns, providing essential data-driven insights for parents and students. Credentials & Trustworthiness Dedicated Beat: Her consistent focus on the "KG to PG" education beat allows her to develop unparalleled subject matter knowledge, ensuring her reports are accurate, detailed, and contextualized. Proactive Reporting: Her articles frequently break news on policy and institutional planning, providing the public with timely, essential information about a sector that directly impacts millions of families. She tweets @Pallavi_Smart ... Read More

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