What is the typical recruitment process in a bank?

A typical recruitment process for an accounting firm might look like this: Online application with aptitude tests Telephone interview In-person interview Assessment centre Job offer

What skills does a candidate who works in a bank typically need?

The key skills required to be successful in an accounting role include: Excellent interpersonal skills Mathematical competency Highly analytical Statistically minded Strong written and verbal communication Understanding of the regulations for banking and finance Industry awareness Logical aptitude

What is the cost for Neuroworx's banking test?

We believe in simple, transparent pricing. We operate monthly and annual subscriptions so you can pick the perfect plan for you. Don't worry if you're not sure: you can always upgrade or downgrade later, or speak to us to discuss the option of a custom made plan to fit your needs. This is all you ever pay – no set-up or hidden fees.

Can I get a free trial?

Yes, sign up (no credit card required) and we'll give you a 7-day trial completely free. You'll get unlimited access to create as many jobs and test as many candidates as you like. You can cancel any time and you won't be charged anything.

Banking Test

Banking tests measure the skills and character traits of applicants for a particular banking position.

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What is a banking skill test?

Banking skills tests assess applicants on their adeptness in a range of crucial skills required to succeed in any banking job role.

Banking requires a keenness for mathematics, but there are many roles within the industry requiring a robust and diverse set of skills that recruiters should be testing their applicants for. Irrefutable problem-solving and analytical abilities, strong verbal communication, banking industry knowledge, and acute attention to detail are also vital competencies in a banker.

The tests commonly cover topics such as reasoning skills for numerical, financial, verbal, and abstract abilities as well as approaches to collaboration and teamwork, decision making, ethics, and confidentiality.

These tests are usually sent following online application submission. They are mostly under timed conditions, based on multiple-choice questions and give candidates approximately two or three days to complete them.

The timed nature of the test draws out applicants with the ability to perform accurately whilst under pressure - a useful trait for a banking professional.

What is a banking skill test?
Why use pre-employment testing for banking?
Which specific tests should you use?
Banking Test FAQs

About the Banking Test

Banking is a lot more varied than meets the eye. Bankers must be able to build and maintain positive client relationships whilst staying up to date with the latest products, systems and laws that may impact a clients' wealth.

To help clients maximize their income and savings, bankers must be analytical, strategically minded and assertive. Banking recruiters benefit from using aptitude tests to identify the strongest candidates for such a demanding role.

Why use pre-employment testing for banking?

Finding the best candidate out there is the goal but without the proper tools, not an easy one. Identifying brilliant candidates in a pool of resumes is near impossible, most will boast comparable qualifications and work experience, but how do you know if an individual can perform on the job?

A banking skills test is the tool required to find top talent. Giving companies the ability to issue skills tests to a wide pool of candidates, receiving comparative data in return. Test result analysis will give an explicit and unbiased ranking of your most promising applicants. Improving the quality of hires in a streamlined fashion.

The test highlights how skilled a candidate is in essential abilities of a banking professional such as an outstanding numerical aptitude, acute attention to detail, statistical analysis, creative thinking and universally ethical judgement.

Candidates that don't meet the expected standard for the role can be discarded from the talent pool, limiting the likelihood of time-wasting personal interviews.

Job roles banking skills tests would be suitable for include:

Bank assistant
Bank cashier
Bank manager
Bank teller
Banking administrator
Financial planner
Investment banker
Financial services representative
Loan officer
Mortgage loan officer
Personal banker

View a sample report

Results for the Banking Test along with other assessments the candidate takes will be compiled to produce a candidate report.

The report is automatically generated and available both online and as a downloadable pdf so they can be shared with other team members and employees alike.

Download sample report

Which specific tests should you use?

The following tests are useful in measuring the quality of your hires for banking positions:

Numerical Reasoning
Abstract Reasoning
Personality
Verbal Reasoning
Job Knowledge Test

Numerical Reasoning

A numerical reasoning test measures potential employees ability to apply numerical understanding in a realistic context. Faced with a series of timed, mathematical questions, candidates must work to solve them quickly and accurately.

Numerical reasoning tests require a good understanding of core mathematics, all useful for a banker to be skilled in. However, the emphasis is placed on showcasing the ability to interpret data and statistics in the form of graphs and tables to find the correct answer.

Abstract Reasoning

Abstract reasoning tests measure a candidate's ability to think with fluid intelligence, predicting outcomes and trends with confidence. Candidates with good abstract reasoning skills will be able to find relationships between patterns, shapes or data, then apply that relationship to predict what comes next.

Naturally, this is a sought after skill for banking roles, enabling employees to predict financial markets and effectively maximise their clients' wealth.

Personality

Personality tests can be used to understand whether a candidate is a good cultural and team fit – for example how well they will build rapport with clients, how well they'll fit into the team, and if they are aligned with company values.

The personality traits a candidate is tested will relate to qualities you'd expect for a client-facing role such as bank assistant, teller or financial planner. A perfect banking professional would demonstrate skills in the following, which a personality test can identify:

Ethical
Interpersonal skills
Inquisitive
Trustworthy

Verbal Reasoning

Verbal reasoning tests measure a candidate's ability to digest large volumes of written and oral information, identifying if the information is true, implied truth or completely false.

Candidates scoring highly on this test have outstanding communication skills that will lend themselves to building client relationships, understanding requirements, processing information and following procedures.

Job Knowledge Test

Job knowledge tests are industry-specific and measure how accustomed a candidate is to the world of banking. It will look at consumer and commercial trends, current affairs relating to banking and financial regulations. This identifies candidates who are most prepared with the latest knowledge to aid them in succeeding.

Our test platform

Our platform offers an extensive library of hundreds of tests, giving you the flexibility to select and combine them in any way that suits your hiring needs. From understanding specific role requirements to assessing general cognitive abilities, our diverse library ensures you can tailor your assessment process precisely.

Multi-format.: Our test questions come in various formats, including multiple-choice, true and false, ranking and situational judgment, all ensuring comprehensive candidate assessment.
Role-specific simulations.: Experience real-world scenarios with our role-specific simulations, providing accurate insights into candidates' performance, readiness and fit for the position.
Adaptive scoring.: Our adaptive scoring system evaluates responses in real-time, by adjusting to the candidate's ability level, enhancing accuracy and reliability.

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team of experts

Scientifically validated by psychometric specialists

Our team of assessment experts is made up of I/O psychologists, psychometricians, and subject matter experts who work closely together to ensure each test is accurate and reliable.
Our subject matter experts are rigorously vetted and typically have several years of experience working in their industries and hold advanced credentials.

Frequently asked questions

What is the typical recruitment process in a bank?: A typical recruitment process for an accounting firm might look like this:
Online application with aptitude tests
Telephone interview
In-person interview
Assessment centre
Job offer
What skills does a candidate who works in a bank typically need?: The key skills required to be successful in an accounting role include:
Excellent interpersonal skills
Mathematical competency
Highly analytical
Statistically minded
Strong written and verbal communication
Understanding of the regulations for banking and finance
Industry awareness
Logical aptitude
What is the cost for Neuroworx's banking test?: We believe in simple, transparent pricing. We operate monthly and annual subscriptions so you can pick the perfect plan for you. Don't worry if you're not sure: you can always upgrade or downgrade later, or speak to us to discuss the option of a custom made plan to fit your needs. This is all you ever pay – no set-up or hidden fees.
Can I get a free trial?: Yes, sign up (no credit card required) and we'll give you a 7-day trial completely free. You'll get unlimited access to create as many jobs and test as many candidates as you like. You can cancel any time and you won't be charged anything.

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