You may have seen it in the CPO emails or heard about it on campus, but do you really know what the Bloomberg Aptitude Test is? The BAT is a finance-based exam for students all over the world to take. Scoring well can land you an internship or even a job.
The BAT takes two hours to complete. It has eight sections: economics, math, analytical reasoning, chart and graph analysis, global markets, financial statements, news analysis and investment banking. Each section scores zero to 50, and every section is weighed for a final score range of zero to 800.
BAT’s relationship manager for the America Region, Howard Yan, believes the Bloomberg Aptitude Test is an effective tool for career searching and for companies to find interns or employees.
“We often connect employers who do not visit university campuses with test takers who do not even realize an employer is interested in them,” Yan said.
The exam is open to students from every department, but it is mainly targeted towards students interested in pursuing a career in the business and/or economics field. Over 25,000 firms in 60 countries use the BAT scores for internship and employment purposes.
Orgil Batzorig, Mongolia junior, is the Bloomberg student ambassador for Albion College and a big advocate for the exam.
“At Albion College, out of 28 people who have completed the BAT and received their scores, 25 candidate connections have been made for resume requests or potential interviews,” Batzorig said.
The BAT is offered twice every semester, and taking the test is free on campus, but Bloomberg also offers the test online with a $69 fee. To sign up for a test session, visit the Bloomberg Institute. When submitting scores to businesses, personal information is not released. If an employer is interested, they can request the student’s resume.
But the BAT is not only used for job hunting and resume boosts. On their website, there is a hall-of-fame featuring the top scoring students around the world. Their names remain in the hall-of-fame for one month.
“These students have the opportunity to showcase their relative ranking in financial aptitude against 150,000 students that have taken the BAT,” Yan said. “All hall-of-fame students are among the 99 percentile ranking.”
The BAT has helped many students gain career and internship opportunities, as well as test-taking skills and a chance at BAT fame. It is free to take, and it is designed to be takable by all majors and backgrounds.
“It’s a great opportunity to distinguish yourself from the general crowd and you can measure where you stand in the world.” Batzorig said.
Photo courtesy of Howard Yan
This story, originally posted March 3, was updated March 18 to reflect that out of 28 candidates at Albion College, 25 have received resume requests or potential interviews.