This study presents a simultaneous examination of multiple evidential bases of the validity of assessment center (AC) ratings. In particular, we combine both construct-related and criterion-related validation strategies in the same sample to determine the relative importance of exercises and dimensions. We examine the underlying structure of ACs in terms of exercise and dimension factors while directly linking these factors to a work-related criterion (salary). Results from an AC (N = 753) showed that exercise factors not only explained more variance in AC ratings than dimension factors but also were more important in predicting salary. Dimension factors explained a smaller albeit significant portion of the variance in AC ratings and had lower validity for predicting salary. The implications of these findings for AC theory, practice, and research are discussed.In assessment centers (ACs), trained assessors observe and evaluate candidates' behaviors in job-related exercises. Although the makeup of these high-fidelity simulations differs considerably across ACs, they can be brought back to five generic types: in-baskets, case analyses, role-plays, oral presentations, and group discussions (Bowler & Woehr, 2006;Lievens, Chasteen, Day, & Christiansen, 2006). Another hallmark of ACs is that candidates are rated on job-related dimensions. Recent taxonomic work has grouped this variety of dimensions into six broad psychological constructs: communication, consideration/awareness of others, drive, influencing others, organizing and planning, and problem solving (Arthur, Day, McNelly, & Edens, 2003).Over the last years, these exercise and dimension taxonomies have served as useful frameworks for directing research on the validity of AC ratings. One stream of research has examined the ability of AC ratings to predict external work-related outcomes such as job performance, promotion, managerial potential, and salary. A meta-analysis of this strand of studies showed that ratings on the AC constructs of organizing and planning, problem solving, and influencing others emerged as the most valid predictors of job performance . Another voluminous stream of studies has focused on the internal structure of AC ratings and investigated whether AC ratings indeed reflect candidates' standing on dimensions as measured by multiple