Hiring the best financial professionals requires assessing the financial skills of the candidate before the interview. Finance Aptitude Test is one of the amazing options for making the best pre-hire assessment. It is a suitable option for the recruiters to gain more information about the candidate.
In the modern-day, many hiring managers have been using the aptitude test to reduce the technical screening time along with identifying the best talent. Most applicants also worry about aptitude tests, but there are also mock tests available online for practicing their skills to secure good scores on the test.
Need For Finance Aptitude Test:
The financial Aptitude Test is a convenient option for evaluating the verbal and numerical reasoning skills of the candidate concerning finance. Questions covered in the topics are related to the business statements, balance sheets, profit/loss margins, and many more.
Normally, the numerical reasoning tests will have the financial information for easily getting a clear idea in the form of texts, graphs, tables and many others. Many banks and other financial firms have been conducting the test during the early stage of recruitment.
Normally, the organization would be receiving more applications, so they conduct the finance aptitude test to differentiate the competent applications from others. Hiring managers quickly remove candidates who are not a good fit for the role as well as it is easier to spend more time on the right applicants for the job.
Format Of The Financial Aptitude Test:
The Financial Aptitude Test would have a short description of the situation such as the relevant numerical data. The candidate would be accompanied by the passage of text to extract the required information for the test.
Candidates are required to display their knowledge of basic arithmetic such as subtraction, multiplication, addition, and division. These also include the percentages, rations, average and interests. The terminology used for accompanying passages or text makes these tests complex.
Phrases like ‘profit margin’, ‘market capitalization’ and many other financial-based texts are commonly used in this sector. Financial aptitude tests are used to evaluate the candidate’s ability to complete complex calculations. Normally, the tests will be scored differently, and points are deducted when the candidate provides the wrong answer.
Aptitude Test For Recruitments:
The finance Aptitude Test is the best pre-employment screening tool and is a suitable option to gauge a finance analyst candidate’s expertise. These are suitable options for evaluating, presenting and strategizing the corporation’s financial information.
These are quite useful pre-employment screening tools for assessing the candidate applying for the various roles such as:
- Financial Analyst
- Staff Accountant
- Financial Accountant
- Economic Management
Normally, an Aptitude test for the financial sector would be designed with the help of well-experienced and skilled financial experts. These also require the test takers to answer the multiple-choice as well as calculation-based questions based on the subjects and concepts. It involves the discipline of finance and accounting. Users could easily customize tests for evaluating the job-specific skills required for the task.
The Aptitude Test is perfect for campus hiring as they are a suitable option for assessing the Numerical Ability of a candidate. These also are helpful for perceiving and processing numbers as well as related functions. It helps to perform the basic arithmetic operations while maintaining the speed and accuracy in the calculation.
The Finance Aptitude Test is helpful to assess candidates who have English speaking skills. The candidate needs to understand, comprehend as well as convey the written message clearly. It is also a convenient option for analyzing the candidate while conducting the test.
Candidates who are interested in pursuing a career in the finance industry will be prompted to take the aptitude test for recruiting in the finance and account domains. Normally, these tests are designed for assessing the candidates’ analytical skills as it is imperative needed in finance. Online screening tests are also helpful for selecting the potential talent in the financial firm.
Customize Finance Aptitude Test:
Normally, the Organizations would receive more applications for open positions. It would be quite unfeasible for the recruiters as well as hiring managers to identify the right candidate.
When the candidate is mandated to undertake the finance aptitude test, it is a convenient option for the recruiters to easily screen out the unqualified or uninterested candidates. The aptitude test for hiring process is helpful to onboard the relevant candidates for the job position. Flexible customization options are also available that suit your needs.
- Set difficulty level of Aptitude test
- Choose Easy, Medium or Hard questions for the Finance Aptitude Test
- Combine multiple skills in the test
- Add new questions to the test
- Create an effective assessment by adding multiple skills in a single test
A aptitude test for campus hiring would be a suitable option for easily assessing candidates’ ability to apply the learning skills, solving novel problems and even connecting all points for grasping the bigger picture. The test is also the perfect option for detecting patterns as well as relationships. Finding a candidate who could solve a complex problem would be easier in the process.
What Financial Aptitude Test Assess?
Main purpose of the financial aptitude test is to assess the mathematical skills of the applicant as well as be helpful for understanding the larger quantity of the information. Time limits of the test will be strong such as the expected working style in the large financial organizations.
Potential employer needs to examine the ability of the applicant in a smart way. When they demonstrate strong independent working skills, then it is easier to succeed in the industry. Results will be weighed based on the supporting documents, so the hiring organization advances with the formal interview when you have done very well in all areas.
Mercer Mettl is the leading Talent measurement expert with years of experience with a proven ability in assessments. With the advanced aptitude test tool, it is helpful for the recruiters to find brilliant and straightforward solutions to seek the sharpest minds of applicants. Mercer Mettl is ready to help companies build the winning teams.