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Bloomberg Aptitude Test

Bloomberg Aptitude Test

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Published by Shivgan Joshi
20 hours online course on Bloomberg Aptitude Test:


20 hours online course on Bloomberg Aptitude Test:


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Published by: Shivgan Joshi on Nov 30, 2013
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Bloomberg Aptitude Test Prep (20 hours Online Course


Shivgan Joshi shivgan3@gmail.com From the author of http://stockcreditfinancecfa.blogspot.in/

Course Structure
Class No. 1 Topic Strategy to take Bloomberg Assessment test Class Duration (1 hrs)


FRA/Corporate/Equity Valuations/Ratios

(4 hrs)

4 5

Investment Banking Bloomberg terminal

(2 hrs) (1 hrs)


Bond/Fixed Income Market/ Derivatives

(4 hrs)


Economics revision/Federal Reserve

(2 hrs)

9 10

Interpreting Market News Analytical Reasoning

(2 hrs) (2 hrs)


Revision / Extra session

(2 hrs)

 Copyright of all questions belongs to Bloomberg  This video is for non profit and research purpose  Based on 3 file which are on BAT Website: 1. BAT_Demo.pdf 2. BAT_Presentation.pdf 3. SampleQuestions.pdf

About the Author/Instructor
 Instructor has 68% score on BAT, in aprox. top 90 percentile globally.  Cleared CFA L1, FRM L1 exams.  Have experience of teaching on Wiziq, taking classes on GRE and GMAT for
the past 2 year.  Website/Blog: qcfinance.in & stockcreditfinancecfa.blogspot.in

        
BAT Exam Structure Strategy to take Bloomberg Assessment test FRA/Corporate/Equity Valuations/Ratios Investment Banking Bloomberg terminal Bond/Fixed Income Market Economics revision / Federal Reserve Interpreting Market News Analytical Reasoning

BAT Exam Structure
 Bloomberg Assessment Test (BAT) consists of 8 sections with total of 100
questions to be completed in 2 hours.

Source: Bloomberg Institute

Exam Sections
 News Analysis – Consists of 12 Questions designed to assess the capability to use information from news articles.  Economics – Consists of 12 Questions designed to assess the application of Economic Concepts.  Math Skills – Consists of 14 Questions designed to assess the broad-spectrum math skills, with an emphasis on finance related math.  Analytical Reasoning – Consists of 12 Questions designed to assess the problem solving ability.

Exam Sections (Contd…)
 Financial Statement Analysis – Consists of 12 Questions designed to
assess the basic understanding of financial statements.  Investment Banking – Consists of 12 Questions designed to assess how one applies the fundamental principles of financing & strategic advisory performed by an Investment Banking.  Global Markets – Consists of 14 Questions designed to assess familiarity with a broad range of concepts, current events, and trends in the global financial markets that are presented in the media.  Chart & Graph Analysis – Consists of 12 Questions designed to assess your ability to interpret and use information found in charts and graphs.

BAT Strategy
 Leave no weakness: Importance of balance  Have it all ready for the exam  Play time bound game  Explore public files

Quant & Verbal
 

Logical Reasoning Quant

 

Strategy for geometry, probability, reading comprehension, critical reasoning, table formation. 1 set of questions

About Bloomberg Terminal
 B-terminal (ticker) data from Bloomberg  Reuter RIC.  Importing on excel.  Shortcuts.

 Basic idea about terminals like Factset, capital IQ, etc.

News Analysis
 News of Financial Markets.  Chart of the day.  Importance of federal reserve and market direction.  Reading bloomberg.com & Reuter.com.

Advanced Equity Valuation
 Sector to understand:

Oil & Energy vs. Technology vs. Healthcare etc.

 Adjustments & apple-apple comparison of intra sector Companies.  FCFE & FCFF for valuation.  Making Projection: Element by Element.

 Intuitive understanding

of formula EV/EBITDA.

 Computing CFO from various methods.  Equity CFA L2.

Investment Banking
  

EV/EBITDA Transaction vs. Trading multiple Rating effect on spreads

     

Share buy back
Monte Carlo Effect of P/E on acquisition Synergy Google buying Motorola (specials on patents) IPO (Facebook) Corporate Finance CFA L2

 All topics of CFA L1 are important:  Economics & FSA (imp).  Fixed Income, Equity & Corporate Finance (imp).  Derivatives (less imp).  Portfolio Management, AI, Quant (less imp).  CFA Formula Sheet is very useful.  FRSA is lowest mean, means it is toughest.

 Many questions that deals with rating agencies.  Kind of most talked about thing: The rating agencies.  Predicting Volatilities.  Foundation or Risk.  VAR (bonds and rating etc).

 RC  CR  Analytical Questions.  Modeling question.  Even the new section included which is Analytical Reasoning.

 Chartered Market Technician is Taken by MTA  Charts at Terminal  Bull vs Bear  Reversal  Support

 Equity (transaction vs trading multiples).  Corporate Finance: corporate action.  Financial Reporting Analysis: Consolidation.  International economics.  Cash flow calculations.  Mistakes Improvement.

Advanced Equity Valuation
 Sector

to understand: Oil & Energy vs. Technology vs. Healthcare

 Adjustments & apple-apple comparison of intra sector Companies  FCFE & FCFF for valuation

 Making Projection: Element by Element
 Intuitive understanding  Computing

of formula EV/EBITDA

CFO from various methods

 Equity CFA L2

Enterprise value & Weighted Average Cost of Capital

Enterprise value =common equity at market value+ preferred equity at market value+ minority interest at market value, if any+ debt at market value+ unfunded pension liabilities and other debt-deemed provisions- associate company at market value, if anycash and cash-equivalents.

1: Introduction to BAT
 Distribute time weighted on the questions in section.  BAT vs CFA vs FRM vs GMAT vs CMT vs Terminal: What matches where?  Exam has some part embedded from all.  Easy exam for those who have flavor or experience with all four.  All real relevant areas covered.  Excel at Bloomberg Terminal.

2: Bloomberg Terminal
 Understanding what is it all about.

 3 tutorials are there: 1. Bloomberg_Tutorial.pdf 2. Bloombergfull.pdf 3. Bloomberggetstarted.pdf
 Helping in understanding how their platform looks which we will be working on.

3: Corporate Valuation (Equity)
 Equity Valuations (CFA L2).  Trading Multiples P/E vs Transaction Multiples.  DCF: FCFF vs. FCFE.  Importance of EBITDA.  WACC computation and Beta.  Private company valuation.  Residual valuation.

4: Investment Banking M&A
 Matrix questions of merger and acquisition.  Synergy and re pricing.  IPO for getting money, and effect of activity.  Determination of final stock prices of the acquiring company (price of the company once the deal goes through) in M&A.  Stock-exchange, debt, equity, and combined debt/equity payments in
M&A.  EV multiples EV/EDITDA.  Investment Banking by J. ROSENBAUM J Wiley.

5: Fixed Income & Bond market
 Real terms in market based on news analysis.  Many questions in this area:
1. 2.

Duration & Convexity Treasury, Corporate Bond



 More toward FRM as questions are tough.  Interpretation of News.

6: Global Markets Sensitization
 Numerical  Greece, Spain & Italy  CDS  EU Crisis  Low scoring area after accounting  UK / Japan / EU / Latin America

News Items
 General News interpretation and decisions.  Bond News for PIGS / Japan / Fed impacts.  News of recession in EU / UK.  Looking into the past to recession (correlation).  Recession creates arbitrage opportunity to earn money.  Correlation between Bonds, Commodity(gold and crude), S & P 500.

7: Economics
 CFA l1 and l2 included like currency also.  Quantitative easing and its effect.  Interest rate effects on Current forwards.  Currency / interest rates / inflation.  Effect of Federal interest rates.

8: Financial Market
 Capital Markets is another where people score low accuracy.  Derivatives and Exotic financial instruments like Volatility Trading, ETFs, CDS.

9: Financial Market
 Important Area.  Chart of the Day: Bloomberg website.  Which one to do first and which one to do last.

10: Logical Reasoning questions CAT vs BAT
 New Section added in GMAT.  Data arrangement.  Table-Astra (Astra in Sanskrit means “Weapon”).  Other questions with lots of Data on the screen.

 100% Coverage to all major areas.  Strategy for exam.  Sensitization to all areas.  Tried to link BAT with other Exams.  Pointed out the difference and similarities.

 www.stern.nyu.edu/~adamodar/pdfiles/Bloombergfull.pdf  Bloomberg Institute (website)


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