Bloomberg Assessment Test: finance score online

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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.

Region: 
United States - Northeast

Comments (115)

Nov 16, 2010

wtf i could pass this test if the questions are like this ...

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

Nov 16, 2010

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.

Nov 16, 2010

Took it last week at rutgers.. Most questions are pretty easy some are tricky I got a 85%ish

Nov 23, 2010

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!?

Nov 23, 2010

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

"Millionaires don't use astrology, billionaires do"

Nov 23, 2010

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

Nov 23, 2010

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

Feb 11, 2011

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.

Nov 4, 2012
Nachos:

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

They do.. See if your university is here: https://talentsearch.bloomberginstitute.com/test_s...

Nov 23, 2010

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.

Dec 6, 2010

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.

Dec 8, 2010

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

Dec 8, 2010

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?

Dec 8, 2010

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

Feb 3, 2011

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.

Dec 27, 2010

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!

Feb 3, 2011

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!

Feb 3, 2011

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

Feb 9, 2011

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.

Feb 9, 2011

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

Feb 9, 2011

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!

Feb 9, 2011

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

Mar 22, 2011

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.

Jun 14, 2011

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.

Jun 15, 2011

Is this only available to current undergrads?

Oct 15, 2011

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?)

Oct 19, 2011

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.

Oct 19, 2011

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.

Nov 4, 2011

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?

Nov 5, 2011

It could get you into the back office but you must be dreaming if you think it will land you into IBD.

Dec 6, 2011

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?

Dec 6, 2011

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.

Dec 9, 2011

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.

Dec 11, 2011

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.

Jan 16, 2012

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 !

Jan 16, 2012

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.

Mar 10, 2012

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!

Mar 10, 2012
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.

Mar 10, 2012

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.

Jul 11, 2012

So has anyone had anything good come of this?

Jul 26, 2012

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...

Jul 26, 2012
Oct 15, 2012

Does the question on page 6 make sense? Yields rise as prices decline? As the credit quality of a fixed income asset declines, it's price will decline, and it's yield will have to rise? Yet this question and answer states the opposite???

Nov 4, 2012

the accounting sections were the trickiest to me coming from a consulting background. hopefully the test i have to take this week won't be bloomberg.

Feb 20, 2013

How do you figure out your percentile score on the results page?

Feb 20, 2013
WillCooper:

How do you figure out your percentile score on the results page?

It has a breakdown of all the sections and how you scored in relation to the average on one tab and then there should be another tab with a bell curve which highlights what column you are in then it should give you the actual percentage when you roll over it with the cursor.

Feb 21, 2013

So it looks like the percentage given when you roll over the graph with the cursor is just the percentage of problems correct out of the 150 total, not the percentile that the score is actually in...

Feb 21, 2013

I'm taking the test on friday, I'm a finance and econ major so I'm not too worried about it but thats what I thought about the GMAT so can anybody give a head ups as to what type of question are on it?

Feb 21, 2013

never mind my last comment I found the link to practice problems. sorry about that
good luck to everyone taking the test

Feb 23, 2013

I just took it and got a 62.6. I ran out of time and had to just guess on the last few sections. I found the math and logic questions to be the toughest. Idid pretty well on the financial knowledge and aptitude part and bombed on the career skills part. Hope to re-take it. Don't think it can hurt

Feb 27, 2013

I registered for this Saturday, never heard of this thing until last week or so. Sophomore Econ/International Studies major. Unfortunately never taken a finance class in my life -- how badly is that going to affect my score?
If I don't do well will that negatively affect my career prospects? (Debating whether I should cancel and take it some other time when I have a better idea of what it is or juts go in and take it anyway this Saturday).

Feb 27, 2013

Is there any point in this if you're already in a target school?

Feb 27, 2013

Haha first you ask about CMG and now the Bloomberg Assessment Test.

So tell us, how's NYU? I like how you placed GWU on your profile LOL!

Still can't find an internship?

Feb 27, 2013

I'm planning on taking this at my school next week. It's free so that's cool, but does it really help anything? Is it even something I can put on my resume?

Feb 27, 2013

This thread has some decent info on it. Maybe continue the discussion there.

http://www.wallstreetoasis.com/forums/bloomberg-as...

Feb 27, 2013

not sure if it helps... its a joke though, I took it hung over with absolutely no prep and got in the 100th percentile,

Feb 27, 2013

@chubbybunny: I actually do go to GWU. And no, I'm still looking for an internship: I'm just waiting for responses now I guess.

@bankforyourbuck: my bad, I didn't run it through search like I should have.

Feb 27, 2013

where can get some sample tests?

thanks so much!

hi

Feb 27, 2013

Half the people I have spoken with, don't even know what it is, and don't seem to care once I tell them.

It's also a probably a difficult test for "younger" guys, and from the threads about this subject, it seems as if it really does not do much for recruiting.

PM if you have an specific questions about the test (structure, what to study, etc.)

Feb 27, 2013

Its very unknown right now, but remember that most tests (aka CFA) were unknown once upon a time.

If this picks up in 2 - 3 years and they restrict it to current undergraduate students (I think that's the plan) you're gonna wish you had the chance to take it.

Feb 27, 2013

It can't hurt. I am also unfamiliar with it. If I was interviewing someone and they brought it up I think I'd be put off. However, as an undergrad you don't have much to lose; at minimum it shows interest.

Feb 27, 2013

Take it as long as it's free.. that'swhat i believe

Feb 27, 2013

It is definitely worth pursuing. I have received interest from 4 firms through the BAT institute.

--Florida

Feb 27, 2013

useless

Feb 27, 2013
CaliforniaAnalyst:

useless

I'm a Student Ambassador for the BAT on my campus and can vouch for what it really is.

As above, useless.

Feb 27, 2013

I took it, i think its good to put in resume if you did well on it.

Feb 27, 2013

It's good for self assessment, but do not plan on getting any job offers from it.

Feb 27, 2013

I would think it'd be good if you did really well on it so that you could bring it up in the interview, explain it, etc, so that wayit just shows your interest in finance. But don't expect anyone to care otherwise

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Feb 27, 2013

thanks for the input guys

Feb 27, 2013

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

What is the future like!?

Best Response
Feb 27, 2013
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.

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Feb 27, 2013
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 Linkedin

Feb 27, 2013

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

Feb 27, 2013

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

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Feb 27, 2013
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

Feb 27, 2013
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

Feb 27, 2013

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

Feb 27, 2013

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.

Feb 27, 2013
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?

Feb 27, 2013

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.

Feb 27, 2013

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)?

Feb 27, 2013
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.

Feb 27, 2013

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

Feb 27, 2013

would anybody recommend taking this exam to a freshman who has not really taken any business course. My school is offering this exam this week and im looking into taking it but not sure if i should. Only took one business course and it was very basic.

Feb 27, 2013

Is the BAT only restricted to current students or is open to the public? I'm trying to get in the door into IB but graduate in 2008 (which was not available then). Have Financial operations and Credit risk experience. Also for people who have taken the exam, is the BAT exam more difficult than the CFA level 1? (can't image it being harder than CFA level 2 but could be mistaken) Thanks for your help

Feb 27, 2013

just do it. you have nothing to lose.

Feb 27, 2013

Bloomberg Assessment Test*

Took it as a freshman, takes 3 hours, pretty easy if you're good at finance. Know some Juniors/Seniors who got called for some BO internships.

Feb 27, 2013

It won't hurt. before you take it Buy the WSO technical guide on here. it'll be an easy/cheap way to brush up on the wide range of stuff you need to know.

Feb 27, 2013

Thanks yeah I figured it can't hurt. However, if I score in the "Average" range I feel that is nothing to make note of on my resume.. But I could be mistaken. And yes, where can I find that book?

"An investment in knowledge pays the best interest." - Benjamin Franklin

Feb 27, 2013

do you go to a Canadian school?

Feb 27, 2013

Nope. Non-target, asian.

Feb 27, 2013

A few people at my school took it. One of them was in the top 5% in the country. Recommend it if you know your stuff. No point studying for it as it's still quite new.

Feb 27, 2013

There are 8 sections in total and each section has a total mark of 50. The 8 sections are

1) News Analysis
2) Economics
3) Math
4) Analytical Reasoning
5) Financial statements analysis
6) Investment banking
7) Global markets
8) Chart and graph analysis

The total overall score is 800. A good score would be 650+ in my opinion.

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Feb 27, 2013

Don't waste your time. I placed global top 5 in this test, but got no offers through this system at all. Other recruiters didn't seem to care much either.

Feb 27, 2013

Don't bother with it.

One of my friend was pushing me to take it. I didn't. He got a pretty good score, 680 I think, and guess what? no offers

Feb 27, 2013

I took it, got a 670 and got one interview out of it for a hedge fund ops position. It doesn't really add much but it couldn't hurt either. It was free when I took it though.

Feb 27, 2013

99th percentile for solid resume requests. Got a resume request from DRW a month back

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"Money doesn't talk, it swears." -Bob Dylan

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