Banking Test

The banking test is a pre-employment screening assessment used by employers recruiting for roles in the banking industry.

  • About the banking test

    Banking tests are an important part of the pre-screening assessment for roles within the banking sector. These tests evaluate individuals on the core skills needed for success in banking roles. Aptitudes such as numerical reasoning, the ability to think logically and analytically when problem solving, and skills such as time management are all assessed in the banking tests. In using banking tests, recruiters ensure that their recruitment process is objective and cost-efficient.

    Candidates who score highly on the banking tests have the skills to make sense of financial information and use it to solve problems providing solutions for their clients. These candidates can progress to the later stages of the recruitment process, and those scoring below the benchmark can be eliminated from the process.

    Using the banking tests in this way ensures that recruiters focus their efforts on the candidates with the required proficiency level needed to excel in a banking role.

Jump to a section on this page:

  1. About the banking test
  2. Benefits of the banking test
  3. Recommended tests for assessing banking skills
  4. Banking Test FAQs

Identify the best candidates and hire faster

Our pre-employment tests let you drill down to the best candidates at the click of a button.

  • Find those candidates who will excel in the role.

    Select the assessments that match the skills or behaviours for the position. You can test for software or coding competency, soft skills like teamwork, or personality traits, to be sure those who pass have high potential.

  • Reduce costs and time.

    No more laborious sifting of resumes or cover letters. Pick your ideal assessment mix, invite your applicants to take them, see the results in your dashboard. Get to the interview stage fast.

  • Eliminate bias.

    All your candidates take the assessments on a level playing field. Only their results determine whether they get shortlisted.

  • Benefits of the banking test

    Employees in the banking industry may work in client-facing roles (such as a trader) or back office roles supporting the client-facing departments (such as a fund accountant). They need to demonstrate a specific skill set to succeed in the banking sector

    In any banking role, individuals work with complex financial data; they need to understand this information, make sense of it and use this to make appropriate decisions. Working with clients requires individuals to have strong time management skills and use their analytical thinking to reach the best solution for clients.

    Candidates may state they possess excellent numerical and logical abilities, but as a recruiter, you want to determine their proficiency in these aptitudes. These skills are often difficult to assess from a CV or interview alone. The banking skills tests overcome this challenge by providing recruiters with an easy-to-administer way of evaluating candidates' aptitudes early in the recruitment process.

    The tests are multiple-choice assessments that provide an objective measure of an individual's abilities in the core areas needed for banking roles. The results can be used as comparative data to determine which applicants demonstrate the required abilities.

    Careers within the banking sector are varied and include roles such as:

More Industry Tests

There are several tests that can be used to evaluate individuals on whether they demonstrate the skills and abilities required for the banking sector. These tests are a comprehensive assessment of each individual aptitude, the results indicating an individual’s proficiency in this ability.

Numerical reasoning test

Numerical reasoning is essential in any banking role, given that data used to make decisions in banking is primarily financially related. The numerical reasoning test evaluates individuals' ability to use numerical data to solve problems.

The test assesses individuals' ability to use basic mathematical principles such as fractions, percentages, and ratios to identify which of the multiple-choice answers is the correct solution to the given problem. This test is timed; questions are shown in the form of graphs, tables, or charts.

Diagrammatic reasoning test

The diagrammatic reasoning test is a form of logical reasoning assessment. This test determines whether individuals can make sense of non-verbal information, identify sequences or relationships, and use this information to solve problems.

Questions are presented as shapes, patterns, or sequences. Candidates need to determine the link between the pieces of information. Once identified, candidates select what they believe to be the correct answer from the list given.

The test assesses an individual’s inductive logic. As the test is timed, candidates are put under extra pressure to ensure they make quick decisions, a situation they will face in any banking role when presented with various sources of information requiring them to make a logical decision.

Verbal reasoning test

Verbal reasoning is a critical aptitude needed for roles in the banking industry. The ability to read through information, determine the key points, and use this to make rational decisions on behalf of a client or the company you work for applies to all roles within banking.

Questions in the verbal reasoning test are given as short passages of information. Candidates must read and understand the meaning of the information before deciding whether the statements that follow are false, true, or they can not say, based on the information they have read.

Time management test

Having the skill to manage your time is essential in any client-based role. Ensuring you meet deadlines, complete work to a high quality, and juggle multiple tasks is common in a fast-paced environment such as the banking sector.

The time management skills test evaluates individuals' ability to manage time, meet deadlines, and prioritize tasks appropriately. The test uses situations that individuals may face when in the role to determine their skills in time management.

Questions are timed and multiple-choice, ensuring recruiters clearly understand whether individuals can effectively manage their time, make quick decisions, and work to a high standard when faced with competing priorities.

Situational judgment test

The situational judgment test gives employers a better understanding of how an individual reacts in the workplace. The test looks at how they approach and deal with situations and their reactions to scenarios they are likely to face in a working environment.

The situational judgement test uses hypothetical situations to evaluate skills such as communication, time management, or teamworking in given situations.

Comprising of a series of short text-based questions, candidates select which of the responses best represents how they would react in the given situation.

Using common workplace scenarios enables recruiters to determine whether an individual has the soft skills needed to succeed in the role, helping to distinguish suitable candidates from those with similar background experiences.

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Predictor of job success

Picked provides evidence-based recommendations for tests to use for over 750 jobs. Our recommendation engine leverages data from the Occupational Information Network (O*NET) developed by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA).

  • Assessments

    A full suite of assessments

    Our platform comes with 12 tests across both foundation and advanced levels so they’re suitable for everyone. Including aptitude, behavioural and personality tests, you’ll have a full range of tests to help you find the candidates you’re seeking.

  • Analytics

    An array of candidate metrics

    For each of your candidates, you’ll be given a comprehensive report. Included will be all the metrics you need to build a detailed picture of each candidate and ensure you’re making the right hiring decisions.

“The platform is so simple to use. I had used competitor providers for over six years and will never go back. Fast, efficient and friendly!”
Greg Chambers, HR Business Partner, Littlefish Ltd
Greg Chambers, HR Business Partner, Littlefish Ltd

Banking Test FAQs

How can this test improve my recruitment process?

The banking tests provide an easy-to-administer way of streamlining your recruitment process. By including the tests in the early stages of the process as a pre-screening tool, you are able to filter down your applicants to only those that demonstrate the aptitudes needed for your banking roles. This ensures your recruitment process is objective and cost-effective in selecting the best candidates.

At which stage of the recruitment process can I use the banking test?

The tests benefit recruiters most when used in the early stages of the recruitment process. Using the tests in this way enables you to identify early on in the process candidates proficient in the skills and aptitudes needed for the role, ensuring that the later, more time-intensive parts of the process are focused on the best candidates.

What is the price of the banking test?

We offer a range of monthly and annual plans to meet your organization’s unique needs. Every plan includes our complete test suite covering all tests and all levels of difficulty. The only difference is the number of test attempts allowed.

Can I try out the test for free?

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.

“An unbeatable service, impressive platform and fantastic value for money.”
Laurence Fishman, Partner, NLPCA
Laurence Fishman, Partner, NLPCA

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