Banking Test
Banking tests measure the skills and character traits of applicants for a particular banking position.
Financial Services Test
Financial services tests measure candidates on the essential skills, competencies and behaviours required to excel as an employee within the financial services sector.
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What are financial services tests?
Financial services tests are blended assessments that bring increased efficiency and insight to the recruitment process for financial services roles. It helps employers within this sector identify applicants with the highest levels of proficiency and the greatest potential to thrive.
The tests use questions designed to assess the core skills and attributes known to contribute to success as a financial services professional. They look at abilities such as problem-solving, critical thinking and decision making, as well as testing for general financial acumen. They are also taken under timed conditions, so measure a candidate's ability to apply these skills when working under pressure.
Ideally administered in the early stages of recruitment, a financial services test is an efficient way to narrow down a large applicant pool, and focus your attention on those candidates of most value to your organisation.
About the Financial Services Test
Recruitment is a complex process that requires careful assessment of each applicant's core skill set – and in financial services, that skill set is diverse.
Neuroworx's financial services tests are designed specifically for this purpose, allowing you to evaluate key competencies at scale, improving the quality of both the hiring process and the applicants you progress.
Why use pre-employment testing for financial services?
Whether you operate in investments, insurance, or business banking, as an employer within the financial services industry you want to ensure that you source and select the most promising talent for any given position.
To do this, you need to overcome two key challenges: dealing with the sheer volume of applications you're likely to receive, and evaluating skills and attributes that are impossible to assess on paper.
Neuroworx's financial services test helps you meet these challenges. Easily administered to your entire applicant pool, it makes for an effective screening tool. Instead of relying on CVs and application forms, you can put each candidate's claims to the test to determine just how skilled they are.
Detailed performance reports give you comparable data, so you can quickly pinpoint the most promising talent for progression and eliminate those that fall below your required benchmark.
A financial services test brings objectivity, accuracy, and evidential proof of an applicant's abilities to the recruitment process. These assessments are also a strong indicator of a candidate's capacity for learning, so you can be confident that your chosen hire has what it takes to develop in their role.
Neuroworx's financial services test may prove a useful tool when hiring for:
View a sample report
Results for the Financial Services Test along with other assessments the candidate takes will be compiled to produce a candidate report.
The report is automatically generated and available both online and as a downloadable pdf so they can be shared with other team members and employees alike.
Which specific tests should you use?
For a well-rounded candidate profile, an effective test battery would include:
- Numerical reasoning test
- Financial competency test
- Diagrammatic reasoning test
- Abstract reasoning test
Numerical reasoning
Numerical reasoning tests look at an applicant's ability to evaluate, interpret and draw logical conclusions from numerical information that is new to them - a key skill in any financial services role.
The test taker is required to work with data presented in tables, charts and graphs, using it to solve a number of problems with both speed and accuracy, much like they'd be expected to do in their day to day role.
Financial competency tests
These are job-specific aptitude tests that pay close attention to the fundamental skills required of any given role.
You'll find an extensive range of these in our test library, from financial analyst tests to actuary tests.
Diagrammatic reasoning
In a diagrammatic reasoning test, a candidate is required to apply their analytical and logical reasoning skills to solve a series of abstract problems.
Those that perform well have the ability to take new information on board, and use it to inform an accurate outcome, as they would be required to do in a financial services role.
Abstract reasoning
Another measure of problem-solving ability, abstract reasoning tests ask candidates to complete visual sequences by identifying rules and relationships between shapes and patterns.
These assessments help to highlight those that are quick to process information, and as such have a strong capacity, not just for problem-solving, but for learning too.
Our test platform
Our platform offers an extensive library of hundreds of tests, giving you the flexibility to select and combine them in any way that suits your hiring needs. From understanding specific role requirements to assessing general cognitive abilities, our diverse library ensures you can tailor your assessment process precisely.
- Multi-format.
- Our test questions come in various formats, including multiple-choice, true and false, ranking and situational judgment, all ensuring comprehensive candidate assessment.
- Role-specific simulations.
- Experience real-world scenarios with our role-specific simulations, providing accurate insights into candidates' performance, readiness and fit for the position.
- Adaptive scoring.
- Our adaptive scoring system evaluates responses in real-time, by adjusting to the candidate's ability level, enhancing accuracy and reliability.
Curated by our
team of experts
Scientifically validated by psychometric specialists
- Our team of assessment experts is made up of I/O psychologists, psychometricians, and subject matter experts who work closely together to ensure each test is accurate and reliable.
- Our subject matter experts are rigorously vetted and typically have several years of experience working in their industries and hold advanced credentials.
Frequently asked questions
- What is the typical recruitment process in the financial services sector?
A well constructed and comprehensive recruitment process in the financial services sector includes an initial application, pre-employment aptitude tests, interviews and an assessment day, the combination of which allows for a thorough evaluation of candidate suitability.
- What skills does a candidate in financial services typically need?
Skills required of applicants to roles in financial services include numerical aptitude, critical analysis, problem-solving, teamwork, communication and attention to detail. They must also possess technical skills such as proficiency with spreadsheets and IT literacy.
- What is the cost for Neuroworx's financial services test?
Neuroworx operates on a monthly or annual subscription basis. We have several plans to suit your hiring needs, which you can check out here. Alternatively, you can get in touch with us to discuss a custom plan.
- Can I get a free trial?
Yes, simply sign up (no credit card is required) and we'll give you unlimited access for 7 seven days. Create as many jobs and test as many candidates as you want; you won't be charged a penny.
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