Navigating the Bloomberg Internship Landscape: A Comprehensive Guide

Bloomberg offers a variety of internship programs designed to provide students with invaluable experience in the financial services and technology industries. These programs range from opportunities for high school students interested in the arts to advanced programs for master's and Ph.D. candidates in technology. This article will delve into the various Bloomberg internship programs, application processes, and tips for success.

Bloomberg Arts Internship (BAI)

The Bloomberg Arts Internship (BAI) program is designed to provide young people with the skills and tools they need by offering work experience at select cultural institutions, along with work-readiness and college-preparation training.

Program Overview

Since its inception in 2012, the BAI program has supported over 2,250 paid internships across more than 250 cultural organizations and maintains an active alumni network. It stands out as one of the largest programs offering paid internships for high school students in the cultural sector in the United States. Select alumni of the summer program may also participate in internships at cultural institutions during their senior year of high school and during a summer internship in college.

Opportunities for High School Students

This internship program is a rare paid opportunity for high school students. Participating worksites include art and history museums, performing arts organizations, music venues, historical sites, and community arts projects.

Becoming a Worksite

Non-profit arts and culture organizations interested in becoming worksites can apply to participate. Worksites have the opportunity to engage with eager students with the support of BAI staff and receive a generous stipend for their participation.

Read also: Unlocking Financial Insights

Bloomberg Industry Group: B-Launch Program and Internships

Bloomberg Industry Group offers the B-Launch program, a rotational sales and service training program, and internships for college students interested in sales.

B-Launch: Dynamic Rotational Program

B-Launch is a dynamic rotational sales and service training program that guides participants in exploring different career paths at Bloomberg Industry Group under the mentorship of top leaders. Participants live and work near Washington, DC. Bloomberg Industry Group is at the forefront of driving innovation in the tax, law, and government sectors.

Collaborative Community

The program fosters a collaborative community where connections throughout the organization are prioritized. As a B-Launch sales associate, you’ll have access to expert intelligence, including valuable time spent with top leadership and the professional community. B-Launch is designed to lead to long-term, successful careers with momentum.

Skill Development

During the B-Launch program, participants gain a combination of valuable hard and soft skills. Hard skills include in-depth product, client, and industry knowledge, while soft skills encompass teamwork, adaptability, and strategic thinking. The B-Launch program supports early career development by providing a space to hone skills and learn from colleagues. Participants can find lifelong mentors, build their professional brand, and immerse themselves in the company culture.

Sales Internships for College Students

College students can explore the world of sales through an internship with Bloomberg Industry Group. Paid internships with free housing are available to students actively enrolled in undergraduate programs. These internships are typically full-time positions (37.5 hours per week) for 10 weeks during the summer. The B-Launch program has January and July classes.

Read also: Cracking the Bloomberg Code

Application Information

Bloomberg Industry Group is committed to fair and equal employment of applicants and employees with disabilities. If your qualifications are a match, you can expect 2-3 rounds of interviews where you’ll share examples of your relevant experience, work through a sales role play, and meet with team members.

General Bloomberg Internship Program

Bloomberg internships are designed to help students get ahead in the financial services industry. These are 10-week intensive programs offering hands-on experience completing real-world projects.

Program Structure and Benefits

While Bloomberg offers internships in areas like data, software engineering, and news, students can expect to be immersed in technology and financial markets regardless of the program. During the ten weeks, interns also socialize and build connections with their peers through social outings and discounted or free access to events and cultural institutions through Bloomberg Philanthropies. Bloomberg internships are paid, and students may receive certain benefits like corporate housing.

Positive Intern Experience

Previous Bloomberg interns rate their experience highly, with many highlighting a welcoming environment with a well-stocked pantry with free snacks, where interns are respected and involved throughout the organization.

Valued Skills

Bloomberg values soft skills like critical thinking, curiosity, problem-solving, and adaptability. For specific programs, relevant hard skills are also necessary.

Specific Internship Programs

Bloomberg offers internships in various departments, including analytics, sales, customer support, engineering, data, and news.

Analytics Internship Program

In Bloomberg’s analytics internship program, students explore providing high-level customer support to Bloomberg product clients. Bloomberg’s analytics team works with the sales department.

Sales Internship Program

The Bloomberg sales internship program allows students to build crucial skills in client services, relationship management, revenue generation, and sales tactics.

Customer Support Internship Program

The Bloomberg customer support internship program lets interns play a key role in helping clients navigate financial markets and the Bloomberg Terminal. As a team that provides support globally in more than 18 languages, proficiency in foreign languages is desirable.

Engineering Internship Program

Engineering interns learn the ins and outs of the intersection of technology and finance. When applying for a Bloomberg engineering internship, you can’t choose which area you want to focus on. Most of the work completed by Bloomberg engineers is in C++, JavaScript, and Python, so a general grasp of one of those programming languages is crucial.

Data Internship Program

Bloomberg’s data internship program lets students analyze numbers and transform them into business and financial insights.

News Internship Program

News interns at Bloomberg work alongside journalists and research analysts to give Bloomberg’s audience high-quality financial news, breaking coverage, and in-depth analysis. Through Bloomberg Terminal, Bloomberg News has subscribers across the finance and investing world.

Chief Technology Office Internship

Internships in Bloomberg’s Chief Technology Office are typically open to students in master’s or Ph.D. programs.

Diversity and Inclusion Programs

Bloomberg’s discovery and diversity programs include opportunities for first- and second-year undergraduate students to explore career opportunities at the company, as well as diversity and inclusion events for those later in their college careers.

Analytics and Sales Externship

The analytics and sales department offers four-day externships for second-year students to explore the diverse career paths at Bloomberg, network with professionals and recruiters, shadow specific roles, and build relevant job skills in personal branding and customer support.

Engineering Accelerator Program

The Bloomberg engineering accelerator program provides Black and Latinx students vital skills for preparing for technical interviews. Students have weekly one-on-one mentoring and coaching sessions with a Bloomberg engineer to help them build coding, problem-solving, and technical interview skills.

Bloomberg Launch Programs

Bloomberg Launch programs are one-week seminars allowing students to explore the key business areas at Bloomberg, network with hiring managers, professionals, and recruiters, and engage in relevant workshops.

Discover Bloomberg

Discover Bloomberg is a series of programs for second- and third-year students to explore specific business areas at the company. The programs are in-person, so students must be relatively local or able to travel to the office locations to participate.

First-Year Insights

First-Year Insights is a series of online workshops for first-year students from underrepresented or marginalized backgrounds.

Application Process and Tips

Bloomberg accepts applications on a rolling basis, meaning the earlier you apply, the better your chances of being reviewed and potentially receiving an internship offer. Applications must be submitted online unless a recruiter advises otherwise. The online application portal also allows you to include supporting documents, like a cover letter or portfolio.

Interview Process

For non-engineering roles, the first part of the interview process involves completing a one-way interview. Bloomberg hosts Assessment Days, also called Superdays, which are weekend-long networking and interviewing events in a Bloomberg office. The first step in a Bloomberg engineering internship interview is a virtual interview over Zoom. A portion of the interview will include open-ended questions, allowing the interviewers to understand how you think.

Tips for Success

Getting an internship at Bloomberg can be tricky, as the programs are competitive and often receive significantly more applicants than open roles. When preparing for an interview, reviewing commonly asked questions can help you ready your answers so you sound confident and knowledgeable when answering. Networking can significantly increase your chances of landing an interview. Highlighting relevant and demonstrable skills can help make sure hiring managers notice your application. Virtual job simulations show employers that you’re both highly motivated and have the skills they want.

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