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 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.
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.
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.