BLOOMBERG ASSESSMENT (BAT)

What is the BAT?

Bloomberg Assessment (BAT) A global financial assessment for undergraduate, masters and MBA students who are interested in a career in finance (a GMAT for finance) An online test, developed by Bloomberg and administered in person:
150 multiple choice questions: 3 hours long 12 sections, both financial (Capital Markets, Economics) and non-financial (Problem Solving, Ethics, Math Skills) All in English Students take the test either on campus at their university or in a Bloomberg office Open to all undergraduates and masters students, irrespective of what subject they are studying Free for your students in 2011

A platform for connecting with financial recruiters worldwide:

Allows students to advertise their availability and score to 20,000 global financial recruiters

What is the BAT?

Bloomberg Assessment (BAT)
If they do well overall, or in a particular sections, then recruiters can request to connect with them about possible roles

In addition, Bloomberg will be inviting the top 15% of test-takers to interview with them

Tailored careers advice:

Students gain an independent assessment of their skills, knowledge and areas for improvement, as well as the finance role which might best suit someone with their abilities
A valuable addition to their CVs Enables them to compare themselves against peers at their institution, in their region and around the world

The Mission
Help students evaluate their skills and areas for improvement and highlight areas of finance they may be most suited for
Help students find jobs Help recruiters filter and more efficiently find people Help recruiters connect with students from different institutions globally A global benchmark for students worldwide

Test Content

Test Structure
Section 1 Financial Knowledge
(40%)

Section 2

Section 3

Practical Skills
(30%)

Abilities

(30%)

1. Economics 2. Accounting (FSRA) 3. Valuation 4. Corporate Finance 5. Capital Markets Issuance 6. Global Markets 7. Investment Management

8. Tasks (multiple types of Interactive simulations)

9. Verbal Skills 10. Math Skills 11. Situational Judgment 12. Ethical Judgment 13. Problem solving 14. Data Interpretation

Test questions reflect practical, current and real-world scenarios with industry lingo.

Creating Questions
For finance questions, Bloomberg recruited 14 content specialists around the world 500 to 600 new finance questions are now being created every month

Thorough Review Process

Item Creation
14 Content Specialists 500-600 items per month
550 items

Education Team Review

6 content specialists

500 items

BBG Expert Review

3 senior Bloomberg reviewers

460 items

External Expert Review

US: Duke, Notre Dame Europe: Cambridge, Cass Asia: SMU
410 items

75% Pass

KEY FACT Each question we produce gets reviewed at least 5 times

Sample Test Questions

Verbal

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Sample Test Questions

Situational Judgment

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Sample Test Questions

IB Corporate Finance & Financial Advisory

IB Capital Markets Issuance / Syndication

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Sample Test Questions

Finance

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Sample Test Questions

Finance (cont.)

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Sample Test Questions

Finance (cont.)

Student Analytics
Example 1: Peer rankings
Not all test takers are going to have the same level of finance knowledge some students may not know any finance at all How do ensure an apples to apples comparison? Answer: We provide peer rankings that show how test takers performed relative to their peer group Helps recruiters answer questions like between those two humanities/liberal arts students, which one showed enough interest in finance that they are able to answer at least some finance questions? And which one is stronger in the areas where humanities/liberal arts students are supposed to be strong, such as analytical reasoning? N.B. Student analytics will be shared only with institutions and are confidential. Recruiters will only see students designated by numbers with no further details, and institutions will not be listed
Peer Ranking
1. Everyone Sample: 3,783 1,289 68th 766 1,096 122 76th 72nd 95th 80th Percentile

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Peer Ranking 72nd percentile of peer group

2. Third (3rd) Years 3. Humanities / Liberal Arts 4. Asia Combined (2 + 3 + 4)

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Student Analytics
Example 2: Scores for each section

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Student Analytics
Example 3: Visualization of overall score

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Student Analytics
Example 4: Comparison of scores to median score on a per section basis

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Student Analytics
Example 5: Percentile ranking

Privacy and Data

Bloomberg Assessment (BAT) The students name will never be released publicly or to any party without the prior permission of the student. However, anonymous BAT data will be available on every Bloomberg Terminal for our customers to search for job seekers and we will enable recruiters worldwide to scan and search www.Bloomberginstitute.com for candidates. All data from the BAT will be shown transparently to everyone EXCEPT the name of student and institution. Students will be identified by a serial number that only the student knows, and that will allow him or her to know how they rank locally and globally in each BAT section and overall. If a recruiter or employer is interested in meeting a serial number, we will request permission from the student to reveal his or her name and contact details.