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Bloomberg just launched the Bloomberg Aptitude Test (BAT) this year. I along with several thousands university students took the test this month. The BAT test several key topics that a student wishing to pursue in finance should know. Subject areas covered on the BAT include Finance Knowledge and Aptitude: Corporate Valuation, Economics, Financial Markets, Financial Statements Analysis, Investment Banking, Investment Management; Career Skills and Aptitude: Analytical Reasoning, Math Skills, Modeling Skills, Situational Judgment, Verbal Skills.

This is the link to the actual website: https://www.bloomberginstitute.com/bat/start/

How soon do you think this test will become the industry standard? Do you plan or have use it to contacts potential candidates?

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Comments (18)

  • GutShot's picture

    I doubt this will ever become the industry standard. Banks have made due without it for years, and have their own methods of teaching incoming analysts how to use Bloomberg, it isn't particularly challenging for most people to pick up on the fly. There are also existing certifications one can get, and they never held much weight when picking analysts. Learning how to search on bloomberg or display data is the easy part of the job.

  • SonnyZH's picture

    Industry standard? That test is a walk in the park.

    The HBS guys have MAD SWAGGER. They frequently wear their class jackets to boston bars, strutting and acting like they own the joint. They just ooze success, confidence, swagger, basically attributes of alpha males.
  • In reply to GutShot
    whatwhatwhat's picture

    GutShot:
    I doubt this will ever become the industry standard. Banks have made due without it for years, and have their own methods of teaching incoming analysts how to use Bloomberg, it isn't particularly challenging for most people to pick up on the fly. There are also existing certifications one can get, and they never held much weight when picking analysts. Learning how to search on bloomberg or display data is the easy part of the job.

    The test has nothing to do with using the Bloomberg platform.
  • upod01's picture

    SonnyZH:
    Industry standard? That test is a walk in the park.

    I have to admit it was pretty easy. I scored in the 90th percentile for corporate valuation and I know very little about that subject. everything I know came from the book Investment banking by rosenbaum

    When luck shuts the door you gotta come in through the window - Doyle Brunson

  • GutShot's picture

    Oh so these are actual subject exams, my mistake I thought it was some sort of centralized replacement for Bloombergs various certifications in Fixed Income, Equities, etc, which are currently just tests of using their terminal.

    I have no experience with the BAT, so can't speak to them.

  • Flake's picture

    BAT is a fucking joke.

    Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.

  • GetOnTop's picture

    I scored in the top 1% globally last year and it resulted in 0 companies contacting me. That should give you an idea of the state of its industry acceptance currently.

  • Mr. Hansen's picture

    IIRC companies have to pay a large fee to access test results and contact information.

  • Unforseen's picture

    I was contacted for at job as a product manager for bloomberg.

  • gubbier's picture

    Scored in the top 1% globally (got their congratulatory email) as well but no one contacted me.

  • In reply to Mr. Hansen
    GetOnTop's picture

    Mr. Hansen:
    IIRC companies have to pay a large fee to access test results and contact information.

    Seems like a terrible business plan. Bloomberg should give away the data cheaply for a few years, and then when companies start to rely on it to find good candidates they can jack up the price.

  • couchy's picture

    To be honest, I feel with the amount of kids trying to break into finance these days, a test is going to happen sometime down the line.

    European banks and Asian banks already give you tests. Some banks give you tests at the end of the SA program just to figure out who really learned their stuff.

    I think it'll take a while for the US to adopt this but I can see Asia picking this up pretty fast.

  • Genocidal_twerker's picture

    I really have my doubts that this might be of any help to non-targets

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  • VCPEORIB's picture

    It's all about bucks, kid. The rest is conversation. -Gordon Gekko

  • lagwagon's picture