The new lab is located in the Swang Business Administration Center, which houses Lipscomb’s College of Business. The opening bell ceremony is part of the university’s 2017 Homecoming activities, which take place Nov. 9-12.
“As we equip our students with the tools and knowledge to enter a global workforce, having resources such as this new Financial Markets Lab is essential for a business education that prepares students to be successful in their chosen career path,” said Ray Eldridge, dean of Lipscomb’s College of Business. “This lab demonstrates to our students that we are serious about business education. It also provides us with new opportunities to engage with business experts in Nashville.”
The new financial market lab is the result of an extensive renovation of classroom space in the Swang building over the summer. Every student who majors or minors in a business discipline will utilize the lab, which features real-time market tickers, television monitors to view business news outlets and a bank of computer stations for students.
“This Financial Markets Lab will give our students real-time information about what is happening around the world in the markets. It gives them the ability to communicate and learn in very powerful ways,” said Jeff Jewell, professor of business administration.
Through the lab students and faculty will have access to the Bloomberg Terminal, an innovative technology platform that provides trusted real-time and historical data, market news and analytics that help the world's leading business and financial professionals make better-informed decisions. The service also features execution platforms for every asset class, research and a global network to communicate securely and reliably. Key features of the Bloomberg Terminal include providing students access to news stories as they break, allowing them to follow and interpret market-moving events that professional traders and money managers rely on to stay informed; opportunities to perform historical market analysis, compare different investment strategies, evaluate complex financial instruments and analyze specific companies and industries; and access to real-time and historical data that be monitored, manipulated and analyzed to create the same types of models used by financial professionals .
Lipscomb’s subscription to the Bloomberg Terminal will serve as a resource for both students and faculty. It will enable students to become familiar with tools used in financial services, reinforcing classroom theory, while faculty may use it to further their own research. Bloomberg is committed to helping universities incorporate this system into academic programs to better prepare students for the global job market.
“The Financial Markets Lab is designed to give our students the feel of what a real Wall Street trading floor is like,” said Brian Masterson, assistant professor of accounting and chair of Lipscomb’s Department of Accounting, Finance and Economics. “Our goal in developing this lab was to create a space particularly for our finance students to have the best tools available to them as they prepare to enter the workforce, but it is a resource that will enhance the educational experience of every business student.”
About the Lipscomb University College of Business
Fully accredited by the Accreditation Council for Business Schools and Programs, one of the two largest business accrediting bodies in the world, Lipscomb University’s College of Business is recognized throughout the region and the nation as an outstanding source of highly skilled and highly trustworthy business leaders.
The College of Business offers a Bachelor of Business Administration degree and undergraduate degrees in accounting, finance, management and marketing. Graduate studies programs include the Master of Business Administration, Master of Accountancy, Master of Management: Career Accelerator and Master of Management: Health Care.
It is recognized nationally for its excellence. Recent honors include: The marketing program was named one of the top 50 programs in the nation by College Choice as part of its 2017 Best Bachelor’s in Marketing ranking; the accounting program was named the No. 2 in the nation and top in Tennessee in Christian Universities Online's Top 10 Christian Accounting Degree Programs 2017 ranking; the College of Business’ undergraduate program was ranked one of the top 100 in the nation by Bloomberg Businessweek in its Best Undergraduate Business Schools 2016 ranking; Lipscomb University listed No. 26 in the nation as part of College Choice’s 2016 Best Bachelor’s in Human Resources Degree programs ranking; the Master of Business Administration program is ranked among the 74 best in the nation by Bloomberg Businessweek (2015); and Human Resources MB named Lipscomb University one of the Top 50 Most Affordable Small Colleges for an HR Degree in 2015.