Online tests are the first-step to any application process. Practice is essential to pass online tests but the key is to read each statement carefully and ensure you understand what it’s saying. These tests are less about general knowledge and more about attention to detail and being able to maintain high standards under pressure.
Online tests can be divided in four main categories: Numerical, Logical, Verbal and Aptitude.
Numerical tests concern about addition and subtraction, percentages, compound interest, graph reading, analysing tables and problem solving.
If you make it to interview or to a bank’s assessment centre, you’ll be required to sit an in-house numerical test. These can be harder than the online ones, touching on things such as bond maths, differentiation and interest calculations.
Ask the bank’s human resources team whether the in-house test questions are likely to get harder as they progress. Sometimes they do, so you will need to make sure you get the easy ones right. Do not lose vital easy marks from sloppy work.
Logical tests are designed to assess your logical reasoning ability using the information provided in sequences of diagrams containing various shapes. The test taker is required to look at the diagrams and identify underlying rules and patterns in the sequence, in order to identify the correct diagram that should come next in the sequence from the options that are provided.
VERBAL REASONING TEST
Verbal reasoning tests are all about attention to detail. Banks want to see that, within a limited timeframe and in a pressurised environment, you can digest and quickly disseminate information.
You are usually provided with a passage of information and required to evaluate a set of statements by indicating whether each statement is:
A – True
Does it follow logically from the information or opinions contained in the passage?
B – False
Is it logically untrue based on information or opinions contained in the passage?
C – Cannot Say:
Based on the passage, are you unable to determine if the statement is true or false without further information?
Aptitude Tests assess how you approach situations encountered in the workplace. They typically present you with a written description of a scenario and ask you to select the appropriate response from a multiple-choice list.
- Practise for 30 minutes before hand to exercise the brain before you take the real thing (the maths/logic is not difficult it is the way the questions are asked)
- Be quick and accurate (Do not worry if you do not complete the test, keep at a consistent pace)
- If you get stuck, move on quickly so you do not disturb your rhythm
- Your score is usually based on norm groups not on your percentage
- Do not get someone to take the test for you as recruiters can make everyone do the test again in person at Assessment Centre
- If you are asked to do a test at Assessment Centre then practise off-line. Do NOT worry if the candidate next you is going fast, usually most candidates do not complete the test in person
- For Banking roles you may not get an SHL test but table and charts to analyse – to practise this get use to reading financial data from FT or Bloomberg.
- For psychological personality tests – do NOT over think the tests. Go with your initial reaction to each question and do NOT spend time trying to please them or be consistent as they are usually more sophisticated than they look and will spot someone who is trying to be socially desirable