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Bloomberg Terminal vs. Financial Modeling Prep

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Bloomberg Terminal
Score 9.0 out of 10
N/A
Sitting on the desks of 325,000 of the world’s most influential decision makers, the Bloomberg Terminal is a modern icon of financial markets. Launched in 1981, long before PCs and the internet became ubiquitous, the Bloomberg Terminal connected market participants to data, analytics and information-delivery service.N/A
Financial Modeling Prep
Score 0.0 out of 10
N/A
A financial data API that provides standardized and as-reported fundamentals for US-based publicly traded companies, real-time market data, ESG ratings and scores, ETFs and Mutual Fund Holdings that can be integrated into applications, models, or reports.
$139
per month
Pricing
Bloomberg TerminalFinancial Modeling Prep
Editions & Modules
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Build
$139
per month
Enterprise
Contact Sales
Offerings
Pricing Offerings
Bloomberg TerminalFinancial Modeling Prep
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details—Up to 34% discount for annual pricing.
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User Ratings
Bloomberg TerminalFinancial Modeling Prep
Likelihood to Recommend
10.0
(0 ratings)
-
(0 ratings)
User Testimonials
Bloomberg TerminalFinancial Modeling Prep
Likelihood to Recommend
Depending on which area of the finance sector you may work in, the Bloomberg Terminal will have plenty of helpful functionality for you. Two specific scenarios for myself in the Structured Finance area are tracking the pricing benchmark and following outstanding deals in the market. You can follow progress of the deals, how well they are advancing, and final pricing details
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Pros
  • Communicating with investors, banks, partners, etc
  • Tracking key market metrics
  • Monitoring existing and previous structured finance deals
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Cons
  • Visual user interface
  • A lot of functionality, need tutorials and lessons to narrow down
  • Expensive!
  • Some information may be delayed
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Alternatives Considered
While there are a lot of competitive services in the marketplace, each good in its own right, the Bloomberg Terminal is considered the top product. It has key fast information and can help individuals make fast decisions. It also has a top-tier support desk that can answer questions for you and teach you functionality to apply to your role
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Return on Investment
  • Appropriate pricing of deals due to market comparisons
  • Instant communication with key stakeholders
  • Top and quick newsbreaks
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