Howard University Among Black Colleges That Offer Finance Labs

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(HUSB Dean Barron Harvey; President Wayne A. I. Frederick; Wendell Mackey, CFA; HU Trustee Norman Jenkins; and Bloomberg Rep Paras Doshi)

Thanks to a generous donation of $250,000 from Howard alumnus Wendell Mackey, CFA, Howard University, a historically black college, now has a well-equipped lab for finance students.

Mackey, a graduate of the class of 1986, said he planned to one day help Howard launch a new school for finance students after he witnessing the launch of the university’s business school on the day he graduated.

“I am honored to present this gift to Howard University on behalf of myself and Channing Capital Management. I also want to thank my great business partners Rodney Herenton and Eric McKissack for their support along our journey together,” said Mackey. “The skills that the students will achieve with the added benefit of utilizing a Bloomberg Finance Lab will be invaluable to their careers.”

“We are extremely appreciative of Mr. Mackey’s donation to the Howard University School of Business, which not only supports the Bloomberg Finance Lab, but also student scholarships,” said President Dr. Wayne A.I. Frederick. “In this full circle moment, we get to witness a student who once benefited from a quality Howard education, return to give back so that the next generation of students can experience the same.”

The Bloomberg Terminal is a software platform that provides real-time and historical data, market moving news and analytics to help leading business and financial professionals worldwide make better informed investment decisions. The service also features execution platforms for every asset class, research and a global network to communicate securely and reliably. Howard University has contracted to have 12 Terminals with two Terminals earmarked for economics and computer science students.

“We are thrilled to partner with Howard University and offer its students and professors access to the same market-moving news and data relied on by leading business and financial professionals around the globe,” said Erika Irish Brown, Bloomberg’s Global Head of Diversity & Inclusion. “We hope that Bloomberg Finance Lab’s training and coursework will give Howard students seeking careers in financial services an additional competitive edge, while also familiarizing Howard’s computer science students with the technology underlying the Bloomberg Terminal.”