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

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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 Content

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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 QuestionsVerbal

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Sample Test QuestionsSituational Judgment

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Sample Test QuestionsIB – Corporate Finance & Financial Advisory

IB – Capital Markets Issuance / Syndication

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Sample Test QuestionsFinance

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Sample Test QuestionsFinance (cont.)

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Sample Test QuestionsFinance (cont.)

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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Student AnalyticsExample 2: Scores for each section

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Student AnalyticsExample 3: Visualization of overall score

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

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Student AnalyticsExample 5: Percentile ranking

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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