Bloomberg Aptitude Test
The Bloomberg Aptitude Test (BAT) was an aptitude test owned, published, and developed by the now-defunct Bloomberg Institute - a former educational division of Bloomberg LP. It was used by employers in the business world to evaluate employment candidates. The exam focused solely on skills relevant to careers in finance. The exam was administered in 58 countries on university campuses. It was first introduced as the Bloomberg Assessment Test, then changed to the Bloomberg Aptitude Test in 2013. It is now discontinued and replaced by a fee-based, self-paced e-learning course called Bloomberg Market Concepts  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 was tailored with a focus on analytical reasoning rather than terminology. The test was scored on a scale of 100 points, with average score being about 55. No one has ever gotten a perfect score. Scoring also included percentile ranking which compared test takers globally for the same exam. The BAT had 11 sections: 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) that allowed companies to match candidates with positions best suited to their strengths. Campus Proctoring. The Bloomberg Aptitude Test was taken on university campuses only, through the Bloomberg Ambassador program. The test was free to take and required no specific preparation.