overall it is not that difficult the questions are straightforward just need to have a calculator with you to solve
What are numerical reasoning tests?
Numerical reasoning tests gauge how adept you are at dealing with a variety of different mathematical problems; everything from complex equations to graphs, under timed conditions.
Most numerical reasoning tests include typical business scenarios as a means of framing the questions. Every test is different, but practising numerical reasoning tests is the best way to get to grips with everything from the types of questions you’re likely to see, to the variety of mathematical themes you’ll be questioned on.
Why do employers use numerical reasoning tests?
Unsurprisingly, careers in the financial sector demand individuals with strong numerical skills.
A numerical reasoning test helps employers determine how you cope with basic mathematical problems and how well you analyse data against a ticking clock. It’s standard practice for financial businesses to use numerical reasoning tests at the interview stage, to sort through a variety of candidates and learn more about their strengths and weaknesses in order to select those best suited to a job role or specific team.
What is the numerical reasoning test format?
Numerical reasoning tests take the form of multiple choice questions. And of course, unlike verbal reasoning tests, there will be definite ‘right’ or ‘wrong’ answers.
To ensure you’re being judged on your speed and efficiency as well as your skill, tests are always timed. More often than not you’ll be able to follow the ‘one question per minute’ rule, but it’s always worth quickly checking the allotted time vs. the number of questions you must complete for an accurate picture of how long you should spend on each question.
What skills does numerical reasoning test?
The good thing about numerical reasoning tests is you can prepare for them as for the most part, they test similar themes.
A solid grounding in fractions, ratios, estimations, percentages, data analysis and graph interpretation should cover you. Practising numerical reasoning tests as often as you can, before you take the one that matters will give you the best possible chance of succeeding in your chosen financial career. It’s always worth taking practice tests in a quiet room and under timed conditions - you want to mimic the test scenario as closely as possible to get used to what the real deal will be like.
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Sample Numerical Reasoning Tests question Test your knowledge!
Score: /5
You have exchanged 450 Euros for USD at a rate of 1 Euro = 1.12 USD. What is the total amount received in USD?
- $480
- $492
- $504
- $520
A company has increased the salary of its employees by 15%. If an employee was earning $40,000 per annum, what is their new annual salary?
- $44,000
- $45,000
- $46,000
- $48,000
If the ratio of oranges to apples in a basket is 3:2 and the basket contains a total of 50 fruits, how many apples are in the basket?
- 20 apples
- 15 apples
- 25 apples
- 30 apples
A dataset shows that sales increased from $5,000 in January to $7,500 in February. What is the percentage increase?
- 40%
- 50%
- 60%
- 75%
What is the next number in the sequence: 2, 4, 8, 16, ...?
- 24
- 32
- 48
- 64
Very good practice for the actual exam and diverse examples covering all possible cases of the actual test.
Son used Fintest to help pass his aptitude tests for Credit Suisse.
Numerical Reasoning Tests Tips
- Know Your Ratios & Percentages
A firm grasp of ratios and percentages is essential for acing a Numerical Reasoning test. These types of questions pop up frequently, and being able to tackle them confidently can set a strong pace for the rest of your exam. Revise these concepts thoroughly using resources available on Fintest to ensure you're up to speed.
- Data Interpretation Drills
Since data interpretation is a core element of these financial sector tests, get comfortable with various types of data presentations. Charts, graphs, and tables will become your best friends. On Fintest, you'll find a myriad of practice questions designed to help you read and interpret data swiftly and correctly.
- Fine-tune Your Calculations
Accuracy is paramount when it comes to dealing with numbers. Brush up on your basic arithmetic operations and practice without a calculator when you can. This will enhance your ability to perform under pressure and improve your speed, a vital element since these tests are often timed.
- Understand Financial Analysis Basics
The Numerical Reasoning tests may include elements of financial analysis. Begin with understanding the fundamentals of financial statements and the types of questions that might arise from them. Fintest offers targeted practice to help you familiarize yourself with the financial concepts most likely to be tested.
- Time Management Is Key
It's not just about getting the right answer, it's about getting it in good time. Work on timing your responses while practicing. Start by allowing yourself to work methodically through each question, then gradually decrease the time as you get more comfortable with the format and question types.
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Numerical Reasoning Tests FAQs
- How are numerical reasoning tests scored?
Most numerical reasoning tests use raw or comparative scoring. Raw scores are when your right answers are displayed as a percentage ratio. Whereas comparative scoring looks at your result in direct comparison to the other people who took the same test.
- What are numerical reasoning tests used for?
Numerical reasoning tests are used to assess your ability to process common mathematical problems, quickly and accurately. Subtraction, addition, data analysis and equations are just some of the problems you’ll tackle to give future employers a better idea of how well cut out for the financial sector you are.
- What do numerical reasoning tests involve?
Most tests will cover a broad and varied range of mathematical concepts. You’ll answer questions on fractions, ratios, percentages and data analysis, as well as show how you can interpret and analyse data sets, graphs and tables.
- What do numerical reasoning tests measure?
Anyone working in the finance sector is required to have a solid grasp of figures and basic mathematical skills. And a numerical reasoning test is there to prove to employers you have that solid grounding, while also giving you the opportunity to showcase your particular strengths.
- Where can I practice numerical reasoning tests?
Our website has a huge number of practice numerical reasoning tests that you can work through to improve your overall score. As well as simply seeing the correct answers, you can pick up useful hints and tips on how to best prepare for the test. And we can’t state it enough - practising really is the best way to succeed.
- Which employers use numerical reasoning tests?
Nearly every job in the finance sector will require you to take some form of numerical reasoning test. The likelihood is, if you’re looking for a career in the finance industry you already have the necessary mathematical skills to succeed, so it’s just about working on any weak spots and ensuring you're giving yourself the best chance of success by preparing. So whether it’s an accounting position or a job analysing budgets - get ahead by preparing for your numerical reasoning test.
Some popular companies you might have heard of that use numerical reasoning tests include:
Reviews
What our customers say about our Numerical Reasoning Tests
ahmed khoshoey
Egypt
November 03, 2023
Having a calculator is important
Michael Maduka
Nigeria
November 03, 2023
Mathematics
The test was very compelling and needed a lot of attention and dedication. It was mind bending and needed the knowledge of mathematics particularly percentages, economics and fractions. It needed speedy and efficient reply to finish the questions. It was a high rated quiz.
Moritz Bawart
United Kingdom
November 03, 2023
Reading graphs
Get familiar with the graphs and write down important details as they may occur in the following questions.
Kerisa Soobramoney
South Africa
November 03, 2023
Challenging in a good way
It's been a while since I have had to calculate percentages in this manner and this was a good refresher
Everine Lo
Indonesia
November 03, 2023
Display
I like the difficulties of the questions, however the colors and display are pretty hard to read due to the small size of the graphics.
Proximity Smash
Australia
November 03, 2023
Maths
It helps the learner to become acquainted with the mathematical formulas used in everyday work (allegedly)
Kalina Ali
Nigeria
November 03, 2023
It’s helpful
I loved that the test comes with worked out formula at the end so you are able to see where a mistake was made if at all
Glady Duhac
Philippines
November 03, 2023
You should be active and be mindful
I like it because its really challenging for me and i don't like the time because its make me pressure
Laura Galpin
Germany
March 31, 2024
Maybe too easy
I recently tried out your free assessment test on your website. It was a great experience overall. The test was easy to find and complete, and I appreciated the opportunity to evaluate my skills. Thank you for providing this resource.
Alethea Fernandes
Australia
July 16, 2024
Challenging but fun
I enjoyed the interactive graphs and being able to identify the correct value on the graphs. Some questions were challenging, but they were fun.