NOK 800,000 from Carnegie
It has now been confirmed that Carnegie will fund a three-year license for a Bloomberg Terminal for NHH's students. "We had a very good meeting with Carnegie that really opened their eyes to NHH and the Department of Finance," says a delighted Nina Skage.
"They were particularly impressed with the composition of the staff and their international backgrounds," says NHH’s Director of Fundraising.
Nina says that Carnegie made it clear that they wanted to contribute something to NHH, and have now concluded that they will start by donating an amount that covers a Bloomberg Terminal. The cost of such a terminal is NOK 250,000 a year. The agreement is for three years and is worth about NOK 800,000, including the machine itself.
NHH already has a Bloomberg Terminal in the library. This subscription is funded under the AFA programme.
TWELVE TERMINALS PLANNED
If NHH can raise funding for one or two more terminals, Bloomberg will issue a further nine licences.
"Twelve terminals would provide a very good service for our students," says Jøril Mæland, Head of the Department of Finance.
"We want our finance students to become acquainted with the financial market early on, and for them to learn how to exploit the opportunities the Bloomberg Terminals provide. We are therefore working hard to procure two more Bloomberg Terminals," Jøril explains.
"Negotiating agreements for financial contributions from business and industry is very time-consuming work," says Nina. "At the moment, we have several ongoing discussions about promising collaborations, and I hope we can land some of them in the near future," she says.
The new terminal will be ready for use in autumn 2018.
A Bloomberg Terminal is a computer system provided by financial data vendor Bloomberg L.P. that provides access to the Bloomberg Professional service through which users can monitor and analyse real-time financial market data. The system also provides news, price quotes and messaging services across its proprietary secure network.