Bat 2011

YOURSELF SELF

DISTINGUISH

BAT THE

BOOST AND SELF

THE BAT

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OVERVIEW A new, global, standardized assessment measuring financial knowledge and a variety of skills and abilities relevant to the world of professional finance. To be taken primarily by undergraduate students (pre-MBA) around the world, who want to apply for an internship or entry-level position in the financial services industry. VALUE PROPOSITION EMPLOYERS The BAT will help employers screen their overwhelming number of entry-level applicants more efficiently, consistently and objectively, and will help promote fairness, diversity and meritocracy. Employers will also be able to reach talented candidates outside their traditional recruiting channels. The BAT may help reduce overall recruiting costs. STUDENTS The BAT will help students demonstrate to financial employers that they are strong potential recruits, adding a powerful data point to their educational and personal background. UNIVERSITIES The BAT will help universities demonstrate the quality of their students, assess/improve their own finance curriculum, and help facilitate student placement in financial careers. TEST DESCRIPTION Three hour computer-based test, administered in person at partner universities and Bloomberg offices around the world. Approximately 150 multiple choice questions, including Bloomberg screens, charts and functions, emphasizing the “real life”, practical aspect of the test. Two sections: (i) Knowledge: will assess basic economic and financial knowledge, and (ii) Skills and Abilities: math, verbal, ethics and analytical reasoning. All questions and answers will be in English. Students will be ranked relative to their peers (e.g., non-finance students will be compared to other non-finance students) across each content area. Employers will have access to the database of test results and participants on an anonymous basis. Identifiable information will be provided for a fee, upon student permission. There is currently no fee to take the BAT. MILESTONES

6,000+ students have registered for the BAT 3,000+ students have taken the BAT 75+ participating colleges/universities globally

THE BAT

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START TODAY! Participating in the beta version of the BAT offers a wide variety of immediate benefits to the school and its students.

Students get a sneak peek at the BAT before it officially launches in Q2 2011

Students receive valuable information about their strengths and weaknesses, relative to their peers in the U.S. and around the world

Universities receive a free assessment report that contains important data about

student performance, both on a whole and in relative terms. These reports indicate overall and per topic rankings (e.g., finance knowledge – 78th percentile, verbal skills – 83rd percentile)

Universities join a prestigious group of worldwide university BAT partners who are

actively involved in helping to guide the BAT during its beta phase. These schools include: Cornell University, Duke University, Hong Kong University and the University of Cambridge, to name a few

Students gain immediate access to a cutting-edge recruiting tool that is already

available to some of the world's leading financial institutions

THE BAT

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SAMPLE STUDENT REPORT

Registered users (e.g. employers, universities, etc.) may search the BAT database for candidates based on score performance and basic demographic data. As shown in the sample report below, a student’s profile is anonymous and scores are based on relative rankings within peer groups.

CH2012-M488758 National University of Singapore

Area of Study: Philosophy

Language: Mandarin, Malay, English BAT

Rep

ort

Views: 8,732

Location: Singapore

Grad: 2012

Gender: Female

Career Goal: After graduation I would like to work for an investment bank, hopefully as an investment banking analyst in the technology or health care coverage groups. Later in my career I would like to manage a venture capital or private equity fund.

Score

1. Everyone

2. Third (3rd) Years

3. Humanities / Liberal Arts

4. Asia

Combined (2 + 3 + 4)

Sample: 3,783

1,289

766

1,096

122

80th Percentile

68th

95th

76th

72nd

72nd Percentile

of Peer Group

Peer Ranking Test Date November 10, 2010

Learn More!

1. Economics 2. FSRA

3. Valuation

4. Corp Finance 5. Capital Markets 6. Global Markets

7. Investment Mgmt 8. Math Skills

9. Verbal Skills 10. Sit. Judgment

11. Ethics 12. Tasks

Scores By Section Median Score

(Everyone) 62%

69%

68%

73%

60%

69%

64%

67%

91%

69%

100%

80%

57%

56%

53%

50%

53%

56%

45%

56%

82%

69%

100%

60%

THE BAT

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SAMPLE SCHOOL REPORT (page 1) Participating colleges/universities who send their students through the BAT, will receive a report summarizing the school’s performance (individual student scores will not be disclosed). Peer rankings across geographic regions and area of study (business vs non-business) will also be provided.

BAT Score Comparison and Percentile Ranking

Univ A's Sample

December 2010 BAT Statistics Total Sample

Sections Scores (1)Univ A All All Bus. (2) Non-Bus. U.S. Europe Asia

1) Economics 62% 54% 67 67 67 69 73 53

61% 56% 51 48 64 51 62 32

3) Valuation 67% 53% 77 75 82 76 84 66

4) IB - Corp. Finance & Financial Advisory 57% 44% 70 69 72 71 73 63

5) IB - Cap. Markets Issuance/Syndication 58% 50% 63 63 67 62 70 55

6) Global Markets 59% 52% 64 64 65 65 72 47

7) Investment Management 64% 45% 83 83 82 80 89 77

8) Verbal Skills 56% 56% 54 55 47 45 62 60

9) Math Skills 100% 82% 76 78 72 75 83 68

10) Situational Judgment 69% 69% 45 46 40 38 49 53

11) Ethical Reasoning 100% 100% 6 6 6 5 6 8

12) Tasks 80% 60% 66 66 67 66 70 58

Overall 64% 55% 71 70 73 70 79 57

(1) Percentages (%) represent a median score.(2) Business is defined as the following area of studies: (i) Business/Management, (ii) Finance and (iii) Economics.

2) Fin. Statements Reporting & Analysis

27 Tests

2453 Tests

Percentile Ranking (% of test takers scoring below Univ A)

0

50

100

150

200

250

300

12%

16%

20%

24%

28%

32%

36%

40%

44%

48%

52%

56%

60%

64%

68%

72%

76%

80%

84%

88%

92%

Mor

e

Univ A's Median Overall Score - 64%

2,453 Test Takers

Overall Score Comparison

This compares Univ A's median overall score (PURPLE line) and Univ A Top 10%'s median score (ORANGE line) to the distribution of ALL test scores.

Y-axis represents frequency (# of test takers).

The sample size is currently 2,453 test takers.

Univ A Top 10%'s Median Score - 84%

THE BAT

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SAMPLE SCHOOL REPORT (page 2)

BAT Score Comparison and Percentile Ranking

54% 56% 53%

44%

50% 52%

45%

56%

82%

69%

100%

60%

0%

20%

40%

60%

80%

100%

120%

Univ A Median Overall Median

71% 70% 73%

70%

79%

57%

0%

20%

40%

60%

80%

100%

All Bus. Non-Bus. U.S. Europe Asia

Section Score Comparison

This compares Univ A's median score for each section to the median score for each section of ALL test takers.

The horizontal BLUE bar is the median score of ALL test takers and the PURPLE column represents Univ A's median score.

Percentile Ranking

This illustrates Univ A's percentile ranking (% of test scores below Univ A's median score) based on area of study in university and region.

Bus. (Business) refers to the following areas of studies: (i) Business/Mgmt, (ii) Finance and (iii) Economics.

THE BAT

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SAMPLE FINANCE QUESTIONS ECONOMICS

FINANCIAL STATEMENTS REPORTING & ANALYSIS VALUATION

THE BAT

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SAMPLE FINANCE QUESTIONS (cont.) INVESTMENT BANKING – CORP FINANCE & FINANCIAL ADVISORY INVESTMENT BANKING – CAPITAL MARKETS ISSUANCE / SYNDICATION

GLOBAL MARKETS

THE BAT

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SAMPLE FINANCE QUESTIONS (cont.) INVESTMENT MANAGEMENT

THE BAT

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SAMPLE NON-FINANCE QUESTIONS VERBAL

THE BAT

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SAMPLE NON-FINANCE QUESTIONS (cont.) MATH A mobile phone manufacturer has fixed costs of $100,000 per month. The per-phone production cost is typically 50% of the manufacturer's suggested retail price, while phones normally sell for $60 after a discount of 25% off the manufacturer's suggested retail price. How many phones does the manufacturer need to sell per month to break even? (A) 1,000 phones (B) 2,000 phones (C) 5,000 phones (D) 10,000 phones ANALYTICAL REASONING The following diagram represents various categories of experts: 1. According to above diagram which of the following statements is CORRECT? (A) All scientists who are historians are also mathematicians (B) There are some mathematicians that are magicians (C) There are some historians who are also economists (D) All economists are either scientists or mathematicians

THE BAT

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SAMPLE NON-FINANCE QUESTIONS (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 company’s 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 average an APR of 2680%. These loans are designed for no longer than 4 weeks and have a maximum amount of £1000. Moreover, the information provided to clients about these loans characterize the loans as an easy and flexible way to bridge short term financial shortfall, meanwhile failing to clearly state the terms and conditions such as APR and other fees/penalties for late repayments. What should you do?

(A) You take the job because you need to think about your own career and financial commitments.

(B) You take the job because customers have all the information and it is not illegal to provide such financial services.

(C) You do not take the job because you believe these practices are exploitative and a form of loan-sharking.

(D) You do not take the job and call the financial authorities because you believe these practices are so harmful that they warrant immediate investigation.