Bloomberg Aptitude Test

The Bloomberg Aptitude Test (BAT) is an aptitude test owned, published, and developed by Bloomberg Institute - an educational division of Bloomberg LP. It is used by employers in the business world to evaluate employment candidates.[1][2][3][4] The exam tests individuals on their ability to think critically on financial topics and the results are used to measure their level of readiness for a career in business related fields.[5] The exam is administered in 58 countries on university campuses[6] and reaches out to employers on a global scale. It was first introduced as the Bloomberg Assessment Test, then changed into the Bloomberg Aptitude Test in 2013 as to reflect its ability in measuring innate financial potential and career skills rather than technical know-how and learned knowledge.[7] It is now discontinued and replaced by a paid service called Bloomberg Market Concepts [8]

Bloomberg Aptitude Test

Background and Scoring

The BAT was first introduced in 2010 as a three-hour-long exam. In 2013, the test kept the same scoring format but was shortened into a 2 hour long, 100 multiple choice question test that is tailored with a focus on analytical reasoning rather than terminology. The current test is scored from a scale of 200-800 points.[9] Scoring also include percentile ranking which compares test takers globally for the same exam. All BAT scores are integrated into the Bloomberg Terminal. The BAT currently has these eight sections:[10] [News Analysis (12 questions), Economics (12 questions), Math Skills (14 questions), Analytical Reasoning (12 questions), Financial Statements Analysis (12 questions), Investment Banking (12 questions), Global Markets (14 questions), and Chart and Graph Analysis (12 questions)].

Campus Proctoring

The Bloomberg Aptitude Test can be taken on university campuses through the Bloomberg Ambassador program. The ambassador program recruits student ambassadors from their university as the representatives responsible for proctoring and holding test sessions. Sessions held on campus may be requested by the university staff or their students. Sessions are also available at the Bloomberg office locations. All physical sessions can be taken at no charge for the first time.[11]

E-Proctoring

E-Proctoring allows for the exam to be taken in a webcam proctored environment.

References
  1. http://hspeight.wordpress.com/2013/03/15/bloomberg-aptitude-test/
  2. Bloomberg L.P.
  3. http://about.bloomberginstitute.com/about-us/
  4. http://www.insidehighered.com/news/2012/06/01/bloomberg-tests-student-chops-financial-jobs
  6. http://www.stanforddaily.com/2013/01/30/lambda-theta-nu-hosts-bloomberg-assessment-test/
  7. http://www.investopedia.com/articles/professionaleducation/12/bat-for-your-financial-career.asp
  8. https://www.bloomberg.com/professional/product/bloomberg-market-concepts/
  9. "Archived copy" (PDF). Archived from the original (PDF) on 2013-12-12. Retrieved 2013-07-07.CS1 maint: archived copy as title (link)
  10. "Archived copy" (PDF). Archived from the original (PDF) on 2013-07-18. Retrieved 2013-07-07.CS1 maint: archived copy as title (link)
  11. http://som.gmu.edu/blog/sombuzz/2013/04/02/the-bloomberg-aptitude-test-bat-is-coming-to-campus/
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