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https://www.bloomberginstitute.com/bat/start/

Bloomberg is rolling out a finance Bloomberg Assessment Test. You can choose to have your score made available on the BB terminals. I think it is a pretty interesting concept. Villanova MSF students are taking it this Saturday. I might be taking it also. If I do take it I'll make sure to report back to everyone.

Comments (52)

  • TNA's picture

    LOL yeah, the sample Q's were weak, but you need to realize that the test is not just for finance people. It has all different levels of questions and stuff. Either way I think it might be decent. It is free until 2011 and I think they are fine tunning the test.

  • IamObama's picture

    As stated before I just took this during the start of November and I just received this e-mail today

    Dear BAT Participant,

    We are pleased to inform you that XXXX has requested your contact details in order to conduct an interview for either an internship or a full-time position. We will pass along your information: name, email and confirmation of BAT results to XXXX in the next few days UNLESS you send us an email explicitly telling us not to.

    Thank you again for your participation in the BAT and helping us develop a new way to bridge together students and employers in the financial services industry. As you know, recruiters worldwide will have access to our growing database of scores and will request an introduction to you if they see a good fit. Your personal information will remain confidential until you give us permission to release it to specific employers who show interest.

    We congratulate you on your results and you should assume you have done well relative to other BAT participants around the world for XXXX to be interested in talking to you.

    Good luck!

    The BAT Squad

    Is this real life!?

  • Nouveau Richie's picture

    ^^^
    Woah, that's actually pretty cool. Was the firm any decent?

  • IamObama's picture

    Its an extremely large institution that is very well known, just have no idea what division this would be for. Still pretty amazing that this resulted in me possibly getting an interview

  • Nachos's picture

    Wow, that's awesome. Too bad they don't have this up north! (referring to Canada)

  • TNA's picture

    Great news. This is the intention of the assessment test. I am surprised that it is working so fast though. Hopefully as more and more companies sign on you will see more of this.

  • rafiki's picture

    How did this test go for the Villanova MSFs? I took it earlier today and didn't feel too bad about it, but maybe I should.

  • dakotajim's picture

    I'm a senior undergrad at a small public school in the Midwest, got an 86% and the results pdf says the median of 2,095 scores is 57% so far... others scored 84 and 81, I don't understand why sample at-large has so many low scores like 40% or lower, the test covered very basic material and didn't seem difficult

  • rafiki's picture

    Got mine today, 85%. It does seem odd that there is so much at the the bottom end, you would think guessing and knowing something would give better results than that. Nikhiln75 did you hear anything more about which division they were?

  • IamObama's picture

    The reason was because there is no limit to who can take the test. Freshman, Sophomores and Juniors can all take the test. At my school, unless you are a junior you can't take any of the real finance courses (corp finance valuaiton etc)...so a lot of sophomores went and took this test without taking a single finance course, so you could understand the low scoring. Also a lot of people just don't have extensive finance knowledge even if they have taken courses.

    Its a credit risk analyst position for the summer, interview is on Friday

  • Jentry's picture

    Congrats on the interview. Tell us how it went!

    I agree about the low scores being reasonable. The test will be given at my university next month, and I expect several undergraduates to sign up for free. Some of which probably don't know a single answer to the practice questions given.

  • ibanker180's picture

    I also took the test at Rutgers and landed an interview!

    I think it is a fairly decent test that cover a broad swath of material. The economics was the most challenging for me because the material was not fresh in my head... i.e. Intermediate level Macro that I took first semester junior year...otherwise than that if you are a current finance major the rest of the test in general is not easy but if you put your mind and focus then you will do quite well.

    The economics section took me the longest because I haven't taken an econ class in three semesters...I am double majoring in finance and econ.

    Hope that helps!

  • Jentry's picture

    I just got my score back today. It breaks it down by percentage correct in each section. It also gives the median of everyone's score.

    Finally it compares you to "peer" students, by year and major, giving you a ranked percentile in every section and overall!

    As others have said, the test wasn't very hard. It had some difficult questions thrown in though. I attempted to study, but it didn't help at all.

    Good luck to everyone!

  • Cheddarberg's picture

    Just got my score yesterday. My school did it more as a test of their own teaching quality, which will get pretty interesting. Worth taking the test for sure. No need to study for it though

  • feenans's picture

    Interesting, I wish this was available a few years ago! Depending on the questions, I think this may become very powerful and popular among not only the large institutions, but smaller shops, boutiques, and hedge funds. Appears to be a great and easy way to quickly screen for students from top schools with a decent knowledge of finance -- and these smaller companies may not have the resources to do on-campus recruiting.

  • kvneqz's picture

    I looked at the concept of the exam, and with a name such as Bloomberg it seems very promising. But where I go to school, there seems to be a huge buzz about the Certified Business Laureate Exam, which is hosted by GF Education Group. Last time I checked they were promoting their exam for free which is usually sold for $500. We have about 50 sign-ups at my school and we are organizing study sessions to get the certification of being "CBL certified"

    The company promises to have a job offer within a year after graduating or your money back. (well its free for now) so this doesnt really apply for us.

    If your thinking about signing up go to
    http://cblexam.com/index.php/students/register-for...

    (hopefully there still giving out a promotional registration)
    also

    there Facebook Page is Awesome,! I think every 2-months or so they do promotional challenges giving out iPads and cool stuff.
    check them out here
    http://www.facebook.com/CBLExam

  • Jentry's picture

    To be completely honest... I've never even heard of the CBL exam. I couldn't find much information on their website regarding its prestige.

    I'm guessing it isn't finance focused? Either way, good luck!

  • feenans's picture

    He's just advertising. Looks kinda bullshit...business laureate? doesn't even make sense

  • In reply to Nachos
    al865149's picture

    Nachos - It may be too late (I'm not sure whereabouts in Canada you are) but I received a few e-mails from my Career Services Center regarding this test. I know they gave my school two different days to write it and a few other schools have some coming up fairly soon.

  • nabran's picture

    Ok... I'm British and I'm taking the test soon. I don't do accounting/finance so I'm concerned about the Inv banking (2 parts) investment management and global markets parts of the test. The only knowledge I have is just from reading lots of IB books...

    I've got my internships sorted for first year, 4 spring weeks and 1 summer. So it's just to see where I stand.
    https://www.bloomberginstitute.com/bat/start/sampl...

    Could someone please confirm with me the correct answers? I just did these now and want to know which I've done wrong. Ex. 2 - C. 3 - D. 4 - C. 5 - C. 6 - D.

    I know fixed bonds obviously go up if interest rates fall, i'm thinking floating ones adjust themselves naturally. Capital Markets must be related to financing; it's in the name. 5+6 are the situational. Can anyone confirm? Thanks alot.

  • Unforseen's picture

    I took this and it was not easy. This is essentially a CFA level I smashed with GMAT. Its great for everyone who wants to judge where they sit compared to their peers. I did fairly well and I hope to leverage my score in my future.

    I really hope this takes off and employers start using it.

  • duffmt6's picture

    Is this only available to current undergrads?

    "For I am a sinner in the hands of an angry God. Bloody Mary full of vodka, blessed are you among cocktails. Pray for me now and at the hour of my death, which I hope is soon. Amen."

  • Mike98989's picture

    Seems like a pretty cool idea, particularly if companies really work the recruitment part. This could be another good way for non-targets (like myself) to get on to the radars of some of the larger banks/firms. Also, feel free to do a search of your school to see how other students from there are doing on the exam. My school's rocking a low-60% average...Jesus.

    Kinda wish they had some more sample questions other than the ones they give on the website (one question per section....really Bloomberg?)

  • Thelittleguy's picture

    I'm glad that they have created this. I go to a tiny school in Northern California and we don't have any finance companies recruit from us. I hope that this test being offered here will show companies that we have a lot to offer.

  • Jentry's picture

    It is a great idea.... but it isn't quite there yet.

    In January I scored in the 99th percentile for 4th year finance students, but barely received any requests to view my profile. Bloomberg asked to contact me twice... along with two other small finance companies. I responded that it was okay all four times, but nobody actually contacted me.

    Even if nobody contacts you, you can still display it on your resume if you do well... so there is some value.

  • ozafar1's picture

    I can't do any of the sample questions, and worst of all I'm a finance student who is in their junior year. Am I screwed for life?

  • Grands's picture

    I am not doing a Finance / Economics major and I find most of these questions a mystery - how do you guys think I could prepare for the test?

  • GeneralThade's picture

    Just did it myself. Yes, the low scores are largely due to freshman and sophomores. It's good practice though, with many of the question prompts putting you in an analyst or intern's mindset: "You are an analyst at Goldman Sachs in the Investment Banking Division..." and then the question pertaining to investment banking. Overall there are 10 sections from financial statement analysis to ethics and everything in between.

  • gubbier's picture

    Scored 84%, this should be somewhere in the 98th percentile. The logic questions were tough imo.

    How similar are the questions to CFA Level I? I plan to take level 1 in Dec next year.

  • Kalzrw's picture

    98th percentile here too but nobody contacted me and it has been 11 months now. I'm not sure if the system is being used by a lot of financial institutions but at least you can show your score on your resume.

  • snoopy's picture

    hey i have given bat on 15 jan.. and i got a score of 45.5.. what percentile can i expect.. can i retake this test !

  • runthetown's picture

    I ran a search on my bloomberg at work on all on the candidates who took the BAT. It is ranked by the highest percentile based on filter searches like year in school, name of school, geography preferences, etc.

    It costs $2,000 to connect with the student/job seeker though so I'm not sure if firms are actually going to use it.

  • jaabberwocky's picture

    I'll be taking my test in Jun this year (after my exams), just as an another step towards a career in finance. Can't hurt!

  • In reply to jaabberwocky
    Nabooru's picture

    jaabberwocky:
    I'll be taking my test in Jun this year (after my exams), just as an another step towards a career in finance. Can't hurt!

    Nice username; funniest episode/show ever. Veridian = GS

    On topic, this is pretty cool, gonna take it.

  • madmoney15's picture

    Took the test today.

    It was pretty simple but I was running out of time way too early. I took this exam way too lightly. I had to seriously just put answers on like 3 or 4 sections.

    I'll be putting the sections I did good on my resume though. Couldn't hurt.

  • AndrewKJ's picture

    So has anyone had anything good come of this?

  • mb666's picture

    Anyone know if you can take it more than once? On random blogs they say that you can but I'd like a conclusive answer...

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