Recommended tests for assessing financial services skills
Other tests which could be used for assessing financial services skills include numerical reasoning, diagrammatic reasoning, verbal reasoning, software skills and time management. Read below to find out more information about each of these tests and how they would support a position within financial services.
Numerical Reasoning Test
The numerical reasoning test is a multiple-choice test that assesses a candidate's ability to interpret numerical data and use mathematical reasoning to solve problems. The test may include topics such as percentages, ratios, and graphs. These skills are beneficial in financial services as they require working with large amounts of numerical data, analyzing financial statements, and making accurate calculations.
Diagrammatic Reasoning Test
The diagrammatic reasoning test is a visual reasoning test that assesses a candidate's ability to interpret complex diagrams and find patterns. This test is often used to assess a candidate's analytical skills and ability to solve problems logically. These skills are necessary for financial services as they require the ability to identify patterns in financial data, create visual presentations of financial information, and develop strategies to optimize financial performance.
Verbal Reasoning Test
The verbal reasoning test is a multiple-choice test that assesses a candidate's ability to understand and interpret written information. These skills are useful in financial services as they require the ability to read and interpret financial documents, write reports and emails, and communicate effectively with clients and colleagues.
Software Skills Test
The software skills test assesses a candidate's proficiency in using software programs such as Microsoft Excel and Microsoft Word. This test may include tasks such as data entry, formula creation, and report generation. These skills are used in financial services as they require working with large amounts of data and using software programs to analyze financial information, create financial models, and generate reports.
Time Management Test
The time management test assesses a candidate's ability to prioritize tasks, manage their workload, and meet deadlines. These skills are necessary for financial services as they require the ability to handle multiple tasks simultaneously, prioritize urgent tasks, and manage time effectively to ensure the timely delivery of financial reports, analyses, and other deliverables.
