In academia, our fears can also be intense – and the pull of comfort is endlessly alluring given the intensity and complexity of our work and workplaces. But chasers know the risks are real and act despite them. Their choice is supremely counter-intuitive to the very human instinct to seek comfort: to run away or for cover when faced with the truly frightening. Read through the questions carefully and make sure you understand all the potential responses.Storm chasers stare into the eye of the most ferocious storms – then run, not away, but towards the ire. The questions test life experience and general knowledge, so while practice will help, ultimately success depends on the individual. You’ll be asked to judge what the most and least effective responses available are. Situational judgement tests (SJTs) are your chance to demonstrate this.įinancial services firms test your practical intelligence by presenting a series of work-based problem situations and a selection of potential solutions. Situational judgement testsĪs you read through this guide, you’ll encounter senior financiers and recruiters talking about the need for effective communication and analytical skills, resilience, teamwork and an ability to plan and prioritise. These tests are really about attention to detail, and the key is whether you read the text carefully enough to pick up the logic, and how you interpret it. The good news is that everything you need to know to answer the questions is included in the passage of text. (Based on the passage, are you unable to determine if the statement is true or false without further information?) (Is it logically untrue based on information or opinions contained in the passage?) (Does it follow logically from the information or opinions contained in the passage?) You are usually provided with a passage of information and required to evaluate a set of statements by indicating whether each statement is: Banks want to see that, within a limited timeframe and in a pressurised environment, you can digest and quickly disseminate information. Verbal reasoning tests are all about attention to detail. Often they do, so you’ll need to make sure you get the easy ones right – you don’t want to lose vital easy marks from sloppy work. These are harder than the online ones, touching on things such as bond maths, differentiation and interest calculations.Īsk the bank’s human resources team whether the in-house test questions are likely to get harder as they progress. If you make it to interview or to a bank’s assessment centre, you’ll be required to sit an in-house numerical test. Take the exam when you’re sharp and in a quiet place. Have ready a scrap of paper, an open Excel spreadsheet and a calculator. You have about 20-25 minutes to cover 30-40 questions, so it is not advisable to spend five minutes on one question.Įven though you’ll probably be doing these on your laptop at home, prepare as you would for any other exam. The trick is to ensure you have enough time to answer everything. The question will ask you what was the Y figure in year three and candidates will jump to the graph and quickly tick their answer and move on, while missing that the Y column was actually cumulative. However, they are also designed to catch people out if they don’t read the question properly.įor example, you may see a simple XY graph where X is year one, year two etc. They centre around addition and subtraction, percentages, compound interest, graph reading, analysing tables and problem solving. Online numerical testsįor anyone with a reasonable amount of maths education, the online numerical tests should be relatively simple. Finally, some banks will only roll out psychometric tests at their assessment centres, so if you make it this far, you will definitely encounter them there. Other firms will only require you to sit an online numerical test if your CV or application form makes it through their initial filters. These are not as difficult as those encountered later in the recruitment process, are usually taken online, and last about 20 to 25 minutes. Some will expect everyone to sit a numerical test as part of the online application process. Banks will test your numeracy, logical and verbal reasoning skills from the initial application stage through to the final hurdle at their assessment centres, especially in EMEA and Asia-Pacific.ĭifferent banks use various tactics when setting psychometric tests.
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