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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
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What is the 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
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Bloomberg Assessment (BAT)
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
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Test Structure5
Section 1
Financial Knowledge
Section 2
PracticalSkills
(40%)
Section 3
Abilities
(30%) (30%)
Test questions reflect practical, current and real-world scenarios with industry lingo.
1. Economics2. Accounting (FSRA)
3. Valuation4. Corporate Finance
5. Capital Markets Issuance6. Global Markets
7. Investment Management
8. Tasks (multiple types ofInteractive simulations)
9. Verbal Skills10. Math Skills
11. Situational Judgment12. Ethical Judgment13. Problem solving
14. Data Interpretation
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
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Thorough Review Process7
14 Content Specialists500-600 items per month
Education Team Review 6 content specialists
BBG Expert Review 3 senior Bloomberg reviewers
External Expert ReviewUS: Duke, Notre DameEurope: Cambridge, CassAsia: SMU
75% Pass
Item Creation
KEY FACTEach question we
produce gets reviewed at least 5 times
550 items
500 items
460 items
410 items
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Sample Test QuestionsIB – Corporate Finance & Financial Advisory
IB – Capital Markets Issuance / Syndication
1. Everyone
2. Third (3rd) Years
3. Humanities / Liberal Arts
4. Asia
Combined (2 + 3 + 4)
Sample: 3,783
1,289
766
1,096
122
80th Percentile
68th
95th
76th
72nd
Peer Ranking
72nd percentile
of peer group
Peer Ranking
Student AnalyticsNot 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
Example 1: Peer rankings
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Privacy and DataBloomberg Assessment (BAT)
The student’s 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.
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