11/19/12

Open Doors to the World's Best Financial Employers

What is the Bloomberg Assessment Test (BAT)?
The BAT is a global, standardized online exam that the Bloomberg Institute has developed in collaboration with financial professionals, recruiters and academics. The BAT is both comprehensive and objective. Designed for undergraduates and recent graduates who are interested in a financial job or internship, the BAT tests the skills and knowledge that matter most to employers.

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More Info:

BLOOMBERG INSTITUTE
The Bloomberg Institute is the educational division of Bloomberg LP. With the same transparency for which Bloomberg LP is famous, the Bloomberg Institute has launched the BAT, a standardized test for college and university students.

THE TALENT SEARCH
Students' BAT scores will be maintained anonymously in the Bloomberg Institute Talent Search, where employers can search through student profiles and associated categories including school, year of graduation, region and competency.

Additional Benefits:

  • Show financial employers YOU have what THEY want
  • Take the BAT and jump-start your career
  • Improve your marketability with the BAT
  • # of BAT Test Takers to date: 68,025

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Comments (18)

In reply to VoidTrading
Best Response
11/15/12
VoidTrading:

Oh damn. Check out the posting time: 11/19/2012.

What is the future like!?

No he's in Argentina and the inflation under Kirchner is now affecting time.

11/15/12

Oh damn. Check out the posting time: 11/19/2012.

What is the future like!?

In reply to guyfromct
11/15/12
futurectdoc:
VoidTrading:

Oh damn. Check out the posting time: 11/19/2012.

What is the future like!?

No he's in Argentina and the inflation under Kirchner is now affecting time.

Damn... Really thought we had a time traveller here.

11/15/12

Just had it requested to be tested at my university, and they responded very promptly as well as get it set up/organized very quickly. I'll be taking it in two weeks.

OE

11/15/12

I took this at my school. Although it is not widely popular yet, I did receive a phone interview with a small hedge fund through the talent search. It was free to take (actually I got $50 for having the second highest score at my school), and it got me a phone interview. I'd say it was a good use of 3 hours.

"There is only one corner of the universe you can be certain of improving, and that's your own self." --Aldous Huxley

In reply to TripWest
11/15/12
TripWest:

I took this at my school. Although it is not widely popular yet, I did receive a phone interview with a small hedge fund through the talent search. It was free to take (actually I got $50 for having the second highest score at my school), and it got me a phone interview. I'd say it was a good use of 3 hours.

Just to clarify, is the talent search provided by the BAT, or something through your uni?

OE

11/15/12
osanjak:
TripWest:

I took this at my school. Although it is not widely popular yet, I did receive a phone interview with a small hedge fund through the talent search. It was free to take (actually I got $50 for having the second highest score at my school), and it got me a phone interview. I'd say it was a good use of 3 hours.

Just to clarify, is the talent search provided by the BAT, or something through your uni?

It is through BAT. All that the test taker has to do is fill out some information and take the test. They can then go online and fill out more information on their profile after taking the test if they would like (I would recommend doing so).

I believe that employers pay Bloomberg to contact the talent. They can search by test score, school, and some other information

"There is only one corner of the universe you can be certain of improving, and that's your own self." --Aldous Huxley

11/15/12

I took it as a freshman and got a perfect score on the banking section.

In reply to VoidTrading
11/16/12
VoidTrading:

Oh damn. Check out the posting time: 11/19/2012.

What is the future like!?

hoverboards everywhere

WSO's COO (Chief Operating Orangutan) | My story | My Linkedin

PM me if you're traveling to Buenos Aires in 2016 (I live here) :-)

11/16/12

In full disclosure, I work here.

a) Students take the BAT.
b) Their BAT scores go into the employer database, which is online at talentsearch dot bloomberginstitute dot com for those who are curious.
c) Employers filter forensically for the best talent based on their selected criteria (e.g. A high frequency trading firm searches to find the top 2% of global test takers who scored 100% in two categories: Analytical Reasoning and Math Skills. A recruiter searching to fill an IB Analyst role searches to find students who scored well on the following categories: Corporate Valuation, IB, Financial Statement Analysis and Modeling Skills.)
d) Employer connects with test taker.

In reply to BAT_Adam
11/19/12
BAT_Wendy:

In full disclosure, I work here.

a) Students take the BAT.

b) Their BAT scores go into the employer database, which is online at talentsearch dot bloomberginstitute dot com for those who are curious.
c) Employers filter forensically for the best talent based on their selected criteria (e.g. A high frequency trading firm searches to find the top 2% of global test takers who scored 100% in two categories: Analytical Reasoning and Math Skills. A recruiter searching to fill an IB Analyst role searches to find students who scored well on the following categories: Corporate Valuation, IB, Financial Statement Analysis and Modeling Skills.)
d) Employer connects with test taker.

Wendy,

Any tips on how non- finance students can prepare for the test? The syllabus seems very brief, and I have not been able to find a practice test. Would you recommend any books or perpetration materials?

11/19/12

This is a good idea, but it still has a way to go to be more established. I have one of the top 25 U.S. Undergrad scores (overall score) and I have had a couple contacts. One small hedge fund that I had a few phone interviews with, a BB that didn't do anything after seeing my resume, and a few other minor things that didn't turn into anything. If you are intelligent and passionate about finance then you should be able to do well on it.

It can be thought of as buying a cheap, out of the money option. It only costs 3 hours of your time so it's worth it. The chances of it getting you a great job are small, but if you can land a HF gig straight out of college it could be worth it. They have it set up now where you can just upload a resume and employers can get it right form there, the only downside is that they get a general resume, not one edited specifically for each job.

Also, I went to a complete non-target when I took it, and I think that could be why I haven't gotten a ton of contacts given my high score. They would rather go for a student who did well and goes to a target/semi-target. It was nice to bring up in interviews, a way to justify that I am just as smart as people from target schools, but it got old having to explain what it was in every interview I had.

If anyone has any more questions on it from someone with a top score (top .2% of all test takers) on it just let me know.

In reply to mongoose
11/19/12
JamesHetfield:

Wendy,

Any tips on how non- finance students can prepare for the test? The syllabus seems very brief, and I have not been able to find a practice test. Would you recommend any books or perpetration materials?

It helps if you have a general interest in finance. If you read news, follow the stock market and have followed specific companies for a period of time that will help. Know some basic accounting, time value of money, banking, and economics. There will be several that you do not know, so the ability to think through and eliminate wrong answers is huge. Just browsing topics on wikipedia will help more than you might think.

11/19/12

Just registered! Do the grades stick with me or would I be able to retake the BAT down the line to improve my score (after I have taken relevant courses)?

In reply to sandsurfngbomber
11/19/12
sandsurfngbomber:

Just registered! Do the grades stick with me or would I be able to retake the BAT down the line to improve my score (after I have taken relevant courses)?

I believe you can retake, but I think it costs something like $50 bucks now. And if you get a bad score, nobody ever has to know about it.

In reply to mongoose
11/20/12

Hi James, outside of the sample questions on the website's FAQ page, there is not much else to prep you for the test. More than 70,000 test takers to date have all had that same baseline prior. As it is an aptitude-based test, we've seen bright minds that are liberal arts, comp. sci. and engineering majors do extremely well and make similar connections to top employers.

One interesting detail about the company searches that I highlighted above is that the firms are not always looking for just finance majors. HR recruiters will tell you the same if you attend their info sessions on campus. Good luck and feel free to reach out if there are any other questions.

12/6/12

To improve your speed on: "Analytical Reasoning and Math Skills", try calculationrankings.co. For books on Finance I can recommend: bodie Kane, Investments and Derivative Markets McDonald.

Greetz Chip

1/31/13

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