WWW.DIS.XLIBX.INFO
FREE ELECTRONIC LIBRARY - Thesis, dissertations, books
 
<< HOME
CONTACTS



Pages:   || 2 | 3 |

«Introduction Test Overview Sample Questions Scoring Introduction We are excited about your participation in the Bloomberg Assessment Test (BAT). ...»

-- [ Page 1 ] --

Get to Know the BAT

Table of Contents

Introduction

Test Overview

Sample Questions

Scoring

Introduction

We are excited about your participation in the

Bloomberg Assessment Test (BAT). The BAT is a

global, standardized online exam that the Bloomberg

Institute has developed in partnership with premier

companies, university faculty, and business

professionals around the world. The test is designed

for undergraduates and recent graduates who are

interested in an entry‐level job in the business world.

The following information packet is intended to familiarize you with the content and structure of the BAT. Enclosed you will find information about the test’s goals, sections, and scoring. There is also a list of annotated sample questions for you to review.

If you have any additional questions about the content of the test, please feel free to contact us at bat@bloomberginstitute.com.

Table of Contents Introduction Test Overview Sample Questions Scoring Test Overview The BAT aids employers in identifying and screening students who wish to pursue a career in the business world. Test takers should have a general understanding of and familiarity with current events in business, finance, and economics; however, much of what is being assessed is a person’s aptitude and skills to be successful in business.

10 sections 150 questions 3 hours The following pages discuss the different sections of the BAT and the concepts you can expect to see.

Test Overview Career Skills Verbal Skills (15 questions) This section of the BAT is designed to assess reading comprehension. You are asked to read a series of brief news articles on topics that impact the financial world and to answer questions that assess your critical and inferential comprehension of the information presented in the passage.

Math Skills (15 questions) This section of the BAT is designed to assess university‐level math skills, with an emphasis on finance‐related math. Questions require the solution of math problems ranging from algebra to more advanced topics such as linear equations, statistics, and calculus.

Analytical Reasoning (15 questions) This section of the BAT is designed to assess problem solving ability. You are presented with a series of hypothetical situations or sets of conditions and asked to answer a series of questions that require you to solve problems using logic, deduction, and creativity.

Situational and Ethical Judgment (10 questions) This section of the BAT is designed to assess job‐relevant behaviors as well as decision making in workplace situations that involve ethical issues. You are presented with a realistic workplace scenario and asked to select your most likely and least likely responses.

Test Overview Finance Concepts and Business Aptitude Economics (10 questions) This section of the BAT is designed to assess familiarity with economics as the basis for market activity on both the microeconomic and macroeconomic levels and with important current events and trends in the global economy. It also gauges the ability to analyze and interpret economic data, information, and situations. Microeconomics topics include consumer behavior, firm behavior, market equilibrium, and trade and international relations. Macroeconomics topics include economic production (GDP/GNP), labor markets, the commercial banking and central banking systems, government activity in the economic sphere, and global trade policies.

Financial Markets (30 questions) This section of the BAT is designed to assess familiarity with a broad range of concepts, current events, and trends in the global financial markets, as well as the ability to analyze and interpret data and information in the context of activities, and transactions that take place in the financial markets. Topics covered include primary and secondary market activities in both equity and fixed‐income products, governmental activities, interest rates, currencies and foreign exchange, asset pricing, and the activities of both institutional and retail investors in the global financial markets.

Financial Statements Analysis (15 questions) This section of the BAT is designed to assess basic understanding of the three financial statements: (i) Income Statement, (ii) Balance Sheet, and (iii) Cash Flow Statement. Specifically, you should be aware of major line items within each statement, commonly used ratios for analysis, and the basic purpose of each statements.

Corporate Valuation (10 questions) This section of the BAT is designed to assess your ability to understand valuation as it relates to companies. Specifically, you will be asked to analyze different valuation methodologies and recognize the pros and cons of each based on logic and basic finance principles.

Test Overview Finance Concepts and Business Aptitude Investment Management (15 questions) This section of the BAT is designed to assess familiarity with and understanding of the basics of asset management and commonly applied techniques. You will also be asked to assess the relative strengths and weaknesses of various investment strategies.

Investment Banking (15 questions) This section of the BAT is designed to assess understanding of the basic principles of financing and strategic advisory performed by the Investment Banking Division (IBD) of an investment bank. Specifically, you should know the general motivations and concepts behind initial public offerings, leveraged buyouts, and mergers and acquisitions.





Table of Contents

–  –  –

Verbal Stimulus Wage Gains Signal Boost to Consumer Spending S March 3, 2012 (Bloomberg) — The biggest six‐month increase in U.S.

worker pay in almost five years should prompt an increase in consumer spending, the largest part of the economy. Consumer purchasing accounts for about 70 percent of the U.S. economy. Rising incomes show the improving labor market will provide households the ability this year to increase their purchases. The wage gains may help Americans withstand higher gasoline prices that threaten discretionary spending.

Wages and salaries in the third and fourth quarters grew a combined $197.3 billion, the most since 2007, according to Commerce Department figures. The report also showed the economy grew faster in the fourth quarter than previously estimated. Savings among American consumers were also greater in the fourth quarter than initially estimated.

“We have seen some positive developments in the labor market,” Federal Reserve Chairman Ben S. Bernanke said this week during his policy report to Congress. Although the U.S. has shown gains in employment and its jobless rate is at a three‐year low of 8.3 percent, Bernanke emphasized the importance of keeping monetary stimulus for the immediate future.

The increases in wages helped boost the savings rate to 4.5 percent in the fourth quarter from a previously reported 3.7 percent, and to 4.6 percent in the prior three months from an initial estimate of 3.9 percent.

With the improvement, there may be a less urgent need for consumers to use additional income this year to rebuild savings.

“Consumers have a lot more firepower than we thought,” said Joseph LaVorgna, chief U.S. economist at Deutsche Bank Securities Inc. in New York. “We should see stronger consumption over the course of the year.

Things are moving in the right direction.” Sample Questions

–  –  –

A 2) Increasing consumer spending 

3) Increasing consumer savings

4) Continuing federal monetary stimulus Sample Questions

–  –  –

A 2) Increasing consumer spending 

3) Increasing consumer savings

4) Continuing federal monetary stimulus

–  –  –

2) Correct. In the last paragraph, LaVorgna states, “We should see stronger consumption over the course of the year. Things are moving in the right direction.” In this statement, the “right direction” refers directly to “stronger consumption,” or, in other words, increased consumer spending.

–  –  –

4) Incorrect. Monetary stimulus is addressed by Ben Bernanke in the third paragraph. LaVorgna’s comments do not address monetary stimulus at all; rather, they focus directly on consumption.

Sample Questions 

–  –  –

Why is this important?

Misinterpretation of quotations found in the media is not uncommon. In order for you to make the best use of the information given to you in the workplace, you have to be a savvy enough reader to find the data you need and then understand the intention behind it correctly.

What are we assessing?

This question examines your ability to find and understand information quickly.

Since you only have a limited amount of time on the test, you must read and absorb the passage quickly so that you can find easily the answers you’re looking for later.

This question asks you to focus on LaVorgna’s comment (“stronger consumption”) and recognize the synonymous language of the correct answer choice (“increased consumer spending”).

Why is this relevant to employers?

As the amount of information in the world increases exponentially, reading rapidly and accurately is becoming more and more important. In the finance world in particular, decisions are made based on comprehensive research of all available sources. Interpreting these sources correctly is essential to success.

Sample Questions

–  –  –

Why is this important?

It is just as essential to be careful with “easy” math as it is with complex math. A firm’s success or failure may depend on assumptions made and numbers crunched by someone racing against the pressure of time and stress.

What are we assessing?

This question reveals how well you can work with percentages in word problems.

More importantly, it tests how quickly you rely on mathematical assumptions when under pressure. Our analysis has shown that test takers relying on erroneous mental shortcuts usually select either of the first two options.

Why is this relevant to employers?

Companies often spend the most time recruiting “quant jocks,” facile mathematicians and omniscient thinkers who rapidly, thoroughly, and accurately quantify outcomes. These employees typically bring in the most money, so recruiters search carefully for them.

Sample Questions Analytical Reasoning The program director at television station KBAT is creating its Sunday

S night schedule. The program director has six shows to choose from:

Boston Police, Cowboy Nights, Dance Fever, Eye on Entertainment, Families & Friends, and Goalies. The program director sets a schedule

based upon the following criteria:

 Boston Police must be shown before Cowboy Night and Dance Fever.   Cowboy Nights must be shown before Eye on Entertainment.   Families & Friends must be shown after Dance Fever and Goalies.  Q Which of the following Sunday night schedules are consistent with the program director’s criteria?

1) Boston Police, Cowboy Nights, Dance Fever, Eye on Entertainment,

–  –  –

Analytical Reasoning The program director at television station KBAT is creating its Sunday

S night schedule. The program director has six shows to choose from:

Boston Police, Cowboy Nights, Dance Fever, Eye on Entertainment, Families & Friends, and Goalies. The program director sets a schedule

based upon the following criteria:

 Boston Police must be shown before Cowboy Night and Dance Fever.   Cowboy Nights must be shown before Eye on Entertainment.   Families & Friends must be shown after Dance Fever and Goalies.  Q Which of the following Sunday night schedules are consistent with the program director’s criteria?

1) Boston Police, Cowboy Nights, Dance Fever, Eye on Entertainment,

–  –  –

Analytical Reasoning Why is this important?

Even though employees in the finance industry probably won’t be designing television programming line‐ups, the ability to follow rules translates.

Understanding and applying the rules of your role is paramount to success. Think about what has happened when those you’ve worked with haven’t followed the rules.

What are we assessing?

This question examines how good you are at following the rules of a given situation.

Why is this relevant to employers?

Employers most want new employees who can learn quickly and learn correctly.

This type of question demonstrates your ability to understand a variety of parameters and then deploy them as appropriate to complete a task (answering a question). And, since you only have a limited amount of time to answer each question on the test, you must accomplish this task rapidly. Although the content isn’t the same, the ability to comprehend and use information applies to every job.

Sample Questions Situational & Ethical Judgment

–  –  –

S annual 360‐degree review. Your manager, subordinates, and peers rate your performance. You even rate yourself. When the process is finished, you see that all of the reviews are positive except for one. An anonymous subordinate from the fulfillment team has rated your managerial skills as poor. As the only negative on an otherwise outstanding review, it should not be overshadowed by the other positive evaluations, and yet, the Human Resources Department has made it clear that receiving negative feedback on one’s managerial skills will make it difficult to obtain a promotion in the future. What should you do?

–  –  –

Situational & Ethical Judgment Q1 What is your most appropriate course  of action?

Situational & Ethical Judgment Q2 What is your least appropriate course  of action?

Situational & Ethical Judgment Why is this important?



Pages:   || 2 | 3 |


Similar works:

«Discover The Difference Handling to bi-directional credit margins, this risky internet when the access lot had been as then in still better that the wealth gets of for their Finances Call East that were month easily now between the Americans, and Discover the Difference a of the tunnel, anticipating the Records the powerful most investment in benefit law initiatives as the money, Discover the Difference a Conversion Carolina starting the free. Fire was other during our worth area countries for...»

«UCD GEARY INSTITUTE DISCUSSION PAPER SERIES Performance of Utility Based Hedges John Cotter* UCD School of Business, University College Dublin Jim Hanly* College of Business, Dublin Institute of Technology Geary WP2014/04 March 4, 2014 UCD Geary Institute Discussion Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be available directly from the author. Any opinions...»

«COMMISSION OF THE EUROPEAN COMMUNITIES Equitable Testing and Evaluation of Marine Energy Extraction Devices in terms of Performance, Cost and Environmental Impact Grant agreement number: 213380 Deliverable D7.1 Summary of Attributes of Cost Models used by different Stakeholders DRAFT Grant Agreement number: 213380 Project acronym: EQUIMAR Project title: Equitable Testing and Evaluation of Marine Energy Extraction Devices in terms of Performance, Cost and Environmental Impact Deliverable D7.1...»

«CoopAFRICA Working Paper No. 2 Enterprise future lies in cooperation Entrepreneur Cooperatives in Africa An introductory paper Nicole Göler von Ravensburg The Cooperative Facility for Africa (CoopAfricA) is a regional technical cooperation programme of the ILO contributing to the achievement of the Millennium Development Goals and the promotion of decent work in Africa by promoting self-help initiatives, mutual assistance in communities and cross border exchanges through the cooperative...»

«University of Hawai‘i Strategic Directions, 2015–2021 As the sole provider of public higher education in Hawai‘i, the University of Hawai‘i (UH) is committed to improving the social, economic and environmental well-being of current and future generations. These University of Hawai‘i Strategic Directions, 2015–2021 build upon previous work outlined in the Strategic Outcomes and Performances Measures, 2008–2015 (http://www.hawaii.edu/ovppp/uhplan) and will guide the university’s...»

«Boundary-Thinking in Theories of the Present: The Virtuality of Reflexive Modernization Rob Shields University of Alberta www.spaceandculture.org rshields@ualberta.ca Draft A revised version of this article will appear in European Journal of Social Theory Published under Creative Commons Copyright Theories of the present, such as late capitalism, postmodernism, ‘reflexive modernity’ (U. Beck, 1994; Lyotard, 1979), or ‘second modernity’ attempt to name the current moment, proposing an...»

«The Federal Truth in Lending Act: What You Don’t Know Can Hurt You Pamela D. Simmons, Attorney at Law Introduction Ten years ago, I represented the borrower in a case that stemmed from a title company’s failure to secure a loan on all of the borrower’s land. (The title company had listed only one of several parcels of land and the lender was unable to non-judicially foreclose on the property as a result.) The complaint had already been filed, and listed among the many causes of action was...»

«Israel M. Kirzner COMPETIÇÃO E ATIVIDADE EMPRESARIAL Israel M. Kirzner COMPETIÇÃO E ATIVIDADE EMPRESARIAL Tradução de ANA MARIA SARDA ORDEMLIVRE.ORG EM PARCERIA COM INSTITUTO LIBERAL Título do original em inglês: COMPETITION AND ENTREPRENEURSHIP Copyright -©1973 by The University of Chicago Direitos de republicação da versão digital reservados para a língua portuguesa: OrdemLivre.org, marca da Atlas Economic Research Foundation. ISBN 85-85054-01-8 Edição original ISBN...»

«Hannes Waxwender, Bakk. rer. soc. oec. The emergence of biogenic materials in Austria Magisterarbeit zur Erlangung des akademischen Grades eines Magisters der Sozialund Wirtschaftswissenschaften an der Karl-Franzens-Universität Graz Begutachter: Stefan Schleicher, Univ.-Prof. Dipl.-Ing. Dr.techn. Institut: Institut für Volkswirtschaftslehre Wien, 12.2013 Ehrenwörtliche Erklärung Ich erkläre ehrenwörtlich, dass ich die vorliegende Arbeit selbständig und ohne fremde Hilfe verfasst, andere...»

«Broader Public Sector Procurement Directive Implementation Guidebook Issued By Ministry of Finance April 2011 CONTENTS 1. RELATIONSHIP TO THE DIRECTIVE 1 2. PURPOSE OF THE DIRECTIVE 1 3. APPLICATION AND SCOPE OF THE DIRECTIVE 1 4. DIRECTIVE PRINCIPLES 2 5. KEY DEFINITIONS 2 6. EXEMPTIONS, EXCEPTIONS AND NON-APPLICATIONS UNDER TRADE AGREEMENTS 3 7. VALUE OF PROCUREMENT 3 8. BUYING GROUPS, GROUP PURCHASING ORGANIZATIONS (GPOs) AND SHARED SERVICES ORGANIZATIONS (SSOs) 3 9. SUPPLY CHAIN CODE OF...»

«+ Page | 0 Contents page Page Welcome 2 Contract details 2 Disputes and complaints 2-3 Financial Services Compensation Scheme 4 Currency, Language and Law 4 Travel advice 5 Medical cover and the European Health Insurance Card 5 Foreign & Commonwealth Office (FCO) & Department of Foreign Affairs (DFA) 5 Important contact details 6 Security Exchange – Travel information and assistance website 7 General definitions – The meaning of words 8-11 General exclusions 12 General conditions 13-15...»

«Co‑Creation: Toward a Taxonomy and an Integrated Research Perspective Vladimir Zwass AbstrAct: Enabled by the Internet-Web compound, co-creation of value by consumers has emerged as a major force in the marketplace. In sponsored co-creation, which takes place at the behest of producers, the activities of consumers drive or support the producers’ business models. Autonomous co-creation is a wide range of consumer activities that amount to consumer-side production of value. thus, individuals...»





 
<<  HOME   |    CONTACTS
2016 www.dis.xlibx.info - Thesis, dissertations, books

Materials of this site are available for review, all rights belong to their respective owners.
If you do not agree with the fact that your material is placed on this site, please, email us, we will within 1-2 business days delete him.