There’s a little slice of Wall Street running through Northridge this fall. They’re nearly 3,000 miles from the closing bell and the New York Stock Exchange, but students in the California State University, Northridge David Nazarian College of Business and Economics are flexing their finance muscles in a newly remodeled lab that boasts more technological tools and the opportunity to earn a certificate in financial analysis.
The Nazarian College, rated one of the nation’s leading business colleges, built the Financial Lab in CSUN’s Juniper Hall in fall 2014 and used its state funds to remodel the lab this past summer — changing its layout, adding more seating and installing Bloomberg Terminals. The terminals, equipped with financial-analysis analysis platform, enable finance professionals to monitor and analyze real-time data from the financial market.
“The remodeling transformed the facility from a computer lab to a multipurpose room,” said Monica Hussein, professor and chair of the Department of Finance, Financial Planning and Insurance. “The room is primarily used for investment and valuation-related finance courses, but it also serves as a computer training room for all units on campus.”
The Bloomberg Terminals debuted on campus in the fall 2015 semester, and professors incorporated the tools into assignments and projects for classes such as Advanced Topics in Finance, Business Valuation, Seminar in Financial Theory and Policy, and MBA Portfolio Management. However, the space was cramped and dark.
In January, the college started to train student lab assistants to assist their peers in becoming Bloomberg Market Concept certified. Many CSUN finance professors grant extra credit for passing the certification exam.
After an extensive remodel over the summer, the lab boasts eight specialized computers with specific keyboards, where CSUN students can work on their Bloomberg Market Concept certification for free. If students want to take the online workshop at home, CSUN provides discounted access for $149 per student.
Jeron Norsworthy and Shanaya Pourgehghan, both seniors in finance, said they are grateful for the opportunity to earn the certification in before graduating.
“It’s an in-depth look at what we were learning in class, but it also dives a lot deeper,” Norsworthy said. “It’s a big step in the right direction of offering students useful resources.”
“It is so expensive, but we get it for free, which is great,” Pourgehghan said. “We have access to this amazing room, and additional education on actual stock and bond data. I can put this on my resume, and I’m sure it will help me get hired.”
Funded by state funds, CSUN established a two-year contract with Bloomberg L.P. in August 2015 and installed the analytics platform in September 2015. The Richard Siegel Foundation, a nonprofit organization located in Murfreesboro, Tenn., that benefits educational institutions and related activities, donated $40,000 toward the total cost of the Bloomberg Terminals for 2015 and another $12,000 for this year’s costs.
“As for the future plan, the challenge is to maximize the benefit of institutional knowledge,” Hussein said. “It requires time for faculty to learn how to use Bloomberg before they can incorporate it in their course requirements.”
Hussein said she hopes to secure funding for another two-year contract and to continue investing in the training of lab assistants, who support students in their efforts to obtain the certification.
“The job market is more competitive than ever,” said finance instructor Zhong-Gou Zhou. “We believe that showing familiarity with Bloomberg will give our students an advantage.”