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Course Structure
Class No. 1 Topic Strategy to take Bloomberg Assessment test Class Duration (1 hrs)
2&3
FRA/Corporate/Equity Valuations/Ratios
(4 hrs)
4 5
(2 hrs) (1 hrs)
6&7
(4 hrs)
(2 hrs)
9 10
(2 hrs) (2 hrs)
11
(2 hrs)
Disclaimer
Copyright of all questions belongs to Bloomberg This video is for non profit and research purpose Based on 3 file which are on BAT Website: 1. BAT_Demo.pdf 2. BAT_Presentation.pdf 3. SampleQuestions.pdf
Content
BAT Exam Structure Strategy to take Bloomberg Assessment test FRA/Corporate/Equity Valuations/Ratios Investment Banking Bloomberg terminal Bond/Fixed Income Market Economics revision / Federal Reserve Interpreting Market News Analytical Reasoning
Exam Sections
News Analysis Consists of 12 Questions designed to assess the capability to use information from news articles. Economics Consists of 12 Questions designed to assess the application of Economic Concepts. Math Skills Consists of 14 Questions designed to assess the broad-spectrum math skills, with an emphasis on finance related math. Analytical Reasoning Consists of 12 Questions designed to assess the problem solving ability.
BAT Strategy
Leave no weakness: Importance of balance Have it all ready for the exam Play time bound game Explore public files
Verbal
Strategy for geometry, probability, reading comprehension, critical reasoning, table formation. 1 set of questions
News Analysis
News of Financial Markets. Chart of the day. Importance of federal reserve and market direction. Reading bloomberg.com & Reuter.com.
Adjustments & apple-apple comparison of intra sector Companies. FCFE & FCFF for valuation. Making Projection: Element by Element.
Intuitive understanding
of formula EV/EBITDA.
Investment Banking
CFA L1 vs BAT
All topics of CFA L1 are important: Economics & FSA (imp). Fixed Income, Equity & Corporate Finance (imp). Derivatives (less imp). Portfolio Management, AI, Quant (less imp). CFA Formula Sheet is very useful. FRSA is lowest mean, means it is toughest.
FRM L1 vs BAT
Many questions that deals with rating agencies. Kind of most talked about thing: The rating agencies. Predicting Volatilities. Foundation or Risk. VAR (bonds and rating etc).
CMT vs BAT
Chartered Market Technician is Taken by MTA Charts at Terminal Bull vs Bear Reversal Support
CFA L2
Equity (transaction vs trading multiples). Corporate Finance: corporate action. Financial Reporting Analysis: Consolidation. International economics. Cash flow calculations. Mistakes Improvement.
etc
Adjustments & apple-apple comparison of intra sector Companies FCFE & FCFF for valuation
of formula EV/EBITDA
Equity CFA L2
Enterprise value =common equity at market value+ preferred equity at market value+ minority interest at market value, if any+ debt at market value+ unfunded pension liabilities and other debt-deemed provisions- associate company at market value, if anycash and cash-equivalents.
1: Introduction to BAT
Distribute time weighted on the questions in section. BAT vs CFA vs FRM vs GMAT vs CMT vs Terminal: What matches where? Exam has some part embedded from all. Easy exam for those who have flavor or experience with all four. All real relevant areas covered. Excel at Bloomberg Terminal.
2: Bloomberg Terminal
Understanding what is it all about.
3.
ABS
News Items
General News interpretation and decisions. Bond News for PIGS / Japan / Fed impacts. News of recession in EU / UK. Looking into the past to recession (correlation). Recession creates arbitrage opportunity to earn money. Correlation between Bonds, Commodity(gold and crude), S & P 500.
7: Economics
CFA l1 and l2 included like currency also. Quantitative easing and its effect. Interest rate effects on Current forwards. Currency / interest rates / inflation. Effect of Federal interest rates.
8: Financial Market
Capital Markets is another where people score low accuracy. Derivatives and Exotic financial instruments like Volatility Trading, ETFs, CDS.
9: Financial Market
Important Area. Chart of the Day: Bloomberg website. Which one to do first and which one to do last.
Conclusion
100% Coverage to all major areas. Strategy for exam. Sensitization to all areas. Tried to link BAT with other Exams. Pointed out the difference and similarities.
References
www.stern.nyu.edu/~adamodar/pdfiles/Bloombergfull.pdf Bloomberg Institute (website)
THANK YOU