Cameron Insider Archives UNC Wilmington students connect to employers through new exam The University of North Carolina Wilmington's Cameron School of Business takes great pride in its ability to offer talented students opportunities to connect with potential employers. One new tool in the school's arsenal is a standardized exam aimed at matching new graduates and young professionals with businesses around the globe. The Bloomberg Assessment Test BAT is a standardized exam that focuses on skills necessary for careers in business and finance. The BAT provides a benchmark to rank undergraduates against their peers at institutions across the globe.
Bloomberg Aptitude Test tests students for their knowledge in several specific areas of finance and instead of focusing on an academic understanding of the financial concepts, the test is designed to assess the ability of an individual to apply theoretical knowledge to real-life scenarios.
This also makes it a much better filter for employers looking to hire individuals with the desired skill set and problem solving abilities. Bloomberg Aptitude Test is a two-hour long exam consisting of multiple choice questions which test the student for eight sections.
However, there is no specific curriculum or study material based on which someone can prepare for the exam. For the sake of guidance, Bloomberg has provided a series of sample questions on their website related to Bloomberg Test Prep. Out of the eight sections for which students are tested, four are focused on skills required for business-oriented roles and four on finance-oriented roles.
Here we would elaborate on this broad division of sections. Skills for Business-Oriented Roles: The four areas focused on skills for business-oriented roles include News Analysis, Economics, Mathematics and Analytical reasoning.
Here we would try to shed light on each of these sections to help gain a better understanding of these areas: One has to analyze brief passages of financial relevance and answer questions designed to assess abilities of inference and logical deduction.
The ability to analyze and infer any new developments with an economic impact is an essential for any business person.
One has to study and interpret economic information including but not limited to consumer behaviour, corporate behaviour, international relations, global trade policies and other areas. A broad-based knowledge and understanding of economic behaviour holds the key to success in any finance or business career.
With varied difficulty levels for different questions, problem-solving skills are tested in this section. Mathematics forms a core area of finance and business and this section is meant to assess how good one is with numbers in general.
Based on hypothetical scenarios, one has to answer a series of questions utilizing deductive logic, analytical abilities and an imaginative approach.
Without a good level of analytical reasoning it would be difficult to do well in any business-related role. Skills for Finance-Oriented Roles: The remaining four sections are developed to test for skills needed for finance-oriented roles. Here we would provide brief introduction to the content of each of these sections: This section is aimed at testing the understanding of concepts related to calculation of loss and profits, key financial ratios and liquidity among other things.
These calculations form an important basis for preparing and analyzing financial statements for any business. This section is meant to test the ability of an individual to apply principles of financial and strategic advisory integral to the concept of investment banking.
Developing and implementing financial strategies can be critical to success in a finance career. The ability to analyze and interpret data related to functioning of financial markets would be tested in this section. It is aimed at finding out the general level of awareness of an individual about trends and developments in financial markets in general.
Chart and Graph Analysis: This section is intended to test the ability to study and interpret financial data represented in the form of charts and graphs which could be a key skill for a finance-related career.
On test completion, participants receive an overall score and percentile ranking along with performance detail on each section as compared to the global averages. This helps make a fair assessment of individual knowledge, skills and capabilities in any specific area included in the test.
However, it can only be taken once a month and anyone can sit for the exam, irrespective of whether they are from a financial or non-financial academic background.
Below is a sample score. After completing the exam, student scores are listed on the Bloomberg Institute Talent Search database which can be accessed by prospective employers from the Bloomberg website or through Bloomberg Professional Service from almost any part of the world.Bloomberg Assessment Test - BAT SAMPLE TEST QUESTIONS I.
Economics You have just been transferred to Sydney and cover Australia and New Zealand on the Evaluation of NAEP - ed. What is the BAT? Bloomberg Assessment (BAT) A global financial assessment for undergraduate, masters and MBA students who are interested in a career in finance (a ‘GMAT’ for finance).
Oct 02, · timberdesignmag.com Course Link (BAT) BAT Exam Prep - timberdesignmag.com . The Bloomberg Assessment Test (BAT) was introduced in , and it is quickly becoming known in the financial job market as a tool that can provide the HR departments of financial firms with a.
BAT is a global, standardized online exam that the Bloomberg Institute has developed in collaboration with financial professionals, recruiters and academics. Designed for graduates and undergraduates who are interested in a financial job or internship, the BAT tests the skills that matter most to employers.
Students from King's College London were invited to take the Bloomberg Assessment Test (BAT) at the Bloomberg office in London in June and June For further information please contact Dr Tiziana Di Matteo ([email protected]).