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Financial companies are cutting down on the amount associates can bill the firm for a $30 dinner, and the time before they can have the firm pay for a $30 car r
by jimmydddd 1mo ago
Financial companies are cutting down on the amount associates can bill the firm for a $30 dinner, and the time before they can have the firm pay for a $30 car ride home. They definitely wouldn't pay for Bloomberg if it could be easily replaced.
- jpfromlondon 1mo agoNobody ever got fired for choosing Bloomberg, even if there was a viable alternative there is no way anyone is pioneering the switch.
- rmah 1mo agoBloomberg terminal is only $133/day (assuming 240 work days per year). So, while $32k/yr seems expensive at first glance, given the total annual cost of an analyst or trader, it's not huge. Of course, they'd rather not spend the $32k/yr if they could avoid it, if bloomberg can give you an edge on just one or two trades a year, you come out ahead. So...
- toomuchtodo 1mo agoI bet its cheaper than tokens for software development with higher ROI.
- forshaper 1mo agoI can say companies with less than 20 mil arr pay around $150k a year for saas and others (sometimes the same) also pay 50k a year for a niche agent harness.
- adjejmxbdjdn 1mo agoSkipping a dinner is not losing you much money. Making a bad trade or missing a good one due to delaying data or bad data can pay for several years worth of bloombergs for everyone in your firm in one moment.