|Charles University (CUNI) was first sought-out by Bloomberg Institute in January 2012 as one of the first universities in Central Europe to offer the BAT to students on campus. Pavel Vacek, Head of the Department of European Economics Integration and Economic Policy at the Institute of Economic Studies, actively responded to the initial offer of running a trial session and a few weeks later, the logistics were confirmed for the first ever session to take place in March 2012.|
The inaugural trial session was such an immense success, that two more sessions had to be set up as a result of the great wave of interest generated by Mr. Vacek.
Since March 2012, 15 BAT sessions have taken place at CUNI and 174 students have participated to date. The BAT has attracted students studying Economics, Accounting, Business/Management, Engineering, Maths and even Computer Science and Law. Students in their 1styear of their undergraduate degree and PhDs alike have come along to participate to learn more about the types of challenges you would encounter on the job in the world of business and finance, and to assess where their competitive edge is relative to their global peers.
18 students have been contacted by employers via the BAT Talent Search as a direct result of their outstanding performance within certain subject areas of the BAT. One student was even contacted by 4 different employers!
The Average overall score achieved by CUNI students is 530, which is significantly above the global average of 420 and speaks for the high calibre of students that CUNI attracts. Students from CUNI have also always performed noticeably well in the “ Economics” section of the BAT, where the average score is 33.5/50, and also lies significantly above the global median for that subject area .
In March 2013, Jan Stribny (IES) achieved the second highest score on the BAT for the month in the whole of Europe, the Middle East and Africa (EMEA), thereby placing Charles University and the Czech Republic on the first ever Bloomberg Hall of Fame!
In March 2013, over 5,000 students in the EMEA region alone participated in the BAT from universities listed in top 50 of The Higher Education Ranking (http://www.timeshighereducation.co.uk/world-university-rankings/).
Jan’s accomplishment is truly fantastic even regarding a fact that he was not sure whether or not he would participate. “Although the BAT has not been widely known yet, I decided to participate, because in my opinion it could offer interesting opportunities to people who don’t come from universities that big financial institution have set their eyes on. The BAT tests all kinds of knowledge and aptitudes that are relevant for a career in finance. Long-term interest in fields that are subject to testing is a big advantage, since it is not possible to prepare for the BAT in a week”, Jan explains his experience with the test.
„The test is not focused on a single ability. Instead, it covers eight different areas, from macroeconomics to investment banking. Bloomberg makes scores publicly available which enables you to measure yourself against other participants throughout the world“, adds Mikolas Volek, another IES student who made it into the Hall of Fame in October 2013! With a score of 660/800, Mikolas scored in the 99th percentile and ranked in the Top 5 for all of Europe, The Middle East and Africa as well!
The BAT will be offered free of charge throughout 2014 and the Hall of Fame is primed for yet another appearance from a Charles University student!
Bloomberg has leveraged its expertise in financial information and contacts in the finance industry to develop The Bloomberg Aptitude Test (BAT) to enhance financial recruiting and to offer a link between university classrooms and the world of business and finance. The BAT is a two hour online test comprised of 100 multiple-choice aptitude questions, covering eight key performance areas. The test provides students valuable feedback regarding their personal strengths in relation to a financial career and then allows them to connect with Bloomberg’s network of over 20,000 employers to discuss internships and full-time entry level positions.
We are running two sessions every year and compare results of our students with results of students at 750+ top universities worldwide. The test is free and is open to all undergraduate and graduate students. The results of the test are used by employers to find best-fit talent.