Professional Documents
Culture Documents
THE
BOOSTAND
BloombergAssessment
THE
BloombergAssessment
OVERVIEW
A new, global, standardized assessment measuring financial knowledge and a variety of skills and abilitiesrelevanttotheworldofprofessionalfinance. Tobetakenprimarilybyundergraduatestudents(preMBA)aroundtheworld,whowanttoapplyfor aninternshiporentrylevelpositioninthefinancialservicesindustry.
VALUEPROPOSITION
EMPLOYERS The BLOOMBERG ASSESSMENT will help employers screen their overwhelming number ofentrylevelapplicantsmoreefficiently,consistentlyandobjectively,andwillhelppromotefairness, diversity and meritocracy. Employers will also be able to reach talented candidates outside their traditional recruiting channels. The BLOOMBERG ASSESSMENT may help reduce overall recruiting costs. STUDENTSTheBLOOMBERGASSESSMENTwillhelpstudentsdemonstratetofinancialemployersthat they are strong potential recruits, adding a powerful data point to their educational and personal background. UNIVERSITIES The BLOOMBERG ASSESSMENT will help universities demonstrate the quality of their students, assess/improve their own finance curriculum, and help facilitate student placement in financialcareers.
TESTDESCRIPTION
Threehourcomputerbasedtest,administeredinpersonatpartneruniversitiesandBloomberg officesaroundtheworld. Approximately150multiplechoicequestions,includingBloombergscreens,chartsandfunctions, emphasizingthereallife,practicalaspectofthetest. Twosections:(i)Knowledge:willassessbasiceconomicandfinancialknowledge,and(ii)Skillsand Abilities:math,verbal,ethicsandanalyticalreasoning. AllquestionsandanswerswillbeinEnglish. Studentswillberankedrelativetotheirpeers(e.g.,nonfinancestudentswillbecomparedtoother nonfinancestudents)acrosseachcontentarea. Employerswillhaveaccesstothedatabaseoftestresultsandparticipantsonananonymousbasis. Identifiableinformationwillbeprovidedforafee,uponstudentpermission. ThereiscurrentlynofeetotaketheBLOOMBERGASSESSMENT.
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THE
BloombergAssessment
MILESTONES
6,000+studentshaveregisteredfortheBLOOMBERGASSESSMENT 3,000+studentshavetakentheBLOOMBERGASSESSMENT 75+participatingcolleges/universitiesglobally
STARTTODAY!
Studentsreceivevaluableinformationabouttheirstrengthsandweaknesses,relativetotheir peersintheU.S.andaroundtheworld
Studentsgainimmediateaccesstoacuttingedgerecruitingtoolthatisalreadyavailableto someoftheworld'sleadingfinancialinstitutions
RegisterNOWthroughwww.bloomberginstitute.cominoneofthefollowing
sessions:
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THE
BloombergAssessment
ImportantRegistrationTips:
1. Privacy:ifyoucheckthisbox=youDONTwantyourassessmentresultstobesharedwith Bloombergoritsclients.
2. Testlocation:SelectAfrica,Egyptandoneofthebelowtimings/locations. Savethedate,time&placeoftheassessment!
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THE
BloombergAssessment
SAMPLESTUDENTREPORT
Registered users (e.g. employers, universities, etc.) may search the BLOOMBERG ASSESSMENT databaseforcandidatesbasedonscoreperformanceandbasicdemographicdata.Asshowninthe sample report below, a students profile is anonymous and scores are based on relative rankings withinpeergroups.
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THE
BloombergAssessment
SAMPLESCHOOLREPORT(page1)
Participating colleges/universities who send their students through the BLOOMBERG ASSESSMENT, will receive a report summarizing the schools performance (individual student scores will not be disclosed).Peerrankingsacrossgeographicregionsandareaofstudy(businessvsnonbusiness)will alsobeprovided.
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THE
BloombergAssessment
SAMPLESCHOOLREPORT(page2)
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THE
BloombergAssessment
SAMPLEFINANCEQUESTIONS
ECONOMICS
FINANCIALSTATEMENTSREPORTING&ANALYSIS
VALUATION
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THE
BloombergAssessment
SAMPLEFINANCEQUESTIONS(cont.)
INVESTMENTBANKINGCORPFINANCE&FINANCIALADVISORY
INVESTMENTBANKINGCAPITALMARKETSISSUANCE/SYNDICATION
GLOBALMARKETS
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THE
BloombergAssessment
SAMPLEFINANCEQUESTIONS(cont.)
INVESTMENTMANAGEMENT
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THE
BloombergAssessment
SAMPLENONFINANCEQUESTIONS
VERBAL
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THE
BloombergAssessment
SAMPLENONFINANCEQUESTIONS(cont.)
MATH
Amobilephonemanufacturerhasfixedcostsof$100,000permonth.Theperphoneproductioncost istypically50%ofthemanufacturer'ssuggestedretailprice,whilephonesnormallysellfor$60aftera discount of 25% off the manufacturer's suggested retail price. How many phones does the manufacturerneedtosellpermonthtobreakeven? (A) 1,000phones (B) 2,000phones (C) 5,000phones (D) 10,000phones
ANALYTICALREASONING
Thefollowingdiagramrepresentsvariouscategoriesofexperts: 1.AccordingtoabovediagramwhichofthefollowingstatementsisCORRECT? (A)Allscientistswhoarehistoriansarealsomathematicians (B)Therearesomemathematiciansthataremagicians (C)Therearesomehistorianswhoarealsoeconomists (D)Alleconomistsareeitherscientistsormathematicians
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THE
BloombergAssessment
SAMPLENONFINANCEQUESTIONS(cont.)
ETHICS
You are a recent graduate with a business and finance degree. Looking for a job you find an opportunity to work for a small bank that provides short term loans. After some research you discover that the majority of the companys customers are individuals who are generally on weekly wages and often have a bad credit history. You also discover that most of their short term loans averageanAPRof2680%.Theseloansaredesignedfornolongerthan4weeksandhaveamaximum amountof1000.Moreover,theinformationprovidedtoclientsabouttheseloanscharacterizethe loansasaneasyandflexiblewaytobridgeshorttermfinancialshortfall,meanwhilefailingtoclearly state the terms and conditions such as APR and other fees/penalties for late repayments. What shouldyoudo? (A) You take the job because you need to think about your own career and financial commitments. (B) Youtakethejobbecausecustomershavealltheinformationanditisnotillegaltoprovide suchfinancialservices. (C) Youdonottakethejobbecauseyoubelievethesepracticesareexploitativeandaformof loansharking. (D) Youdonottakethejobandcallthefinancialauthoritiesbecauseyoubelievethesepractices aresoharmfulthattheywarrantimmediateinvestigation.
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