A stockbroker test assesses the core competencies needed to work as a broker in financial and investment firms with data-driven, bias-free assessments.
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The stockbroker test is a useful assessment for banks and investment firms to use as part of their hiring process, to help ensure they shortlist top-quality candidates.
Stockbrokers buy and sell stocks and other securities, and earn a fee or a commission when doing so. Institutional stockbrokers work with fund managers and other financial firms.
Key skills like IT and maths, persuasion, communication, decision making, negotiation and the ability to work in a high-pressure environment are all important competencies that a stockbroker test can help assess.
The structure of the test requires candidates to answer multiple-choice questions, with the added complexity of it being timed to simulate how well individuals respond to problem-solving under pressure.
Stockbrokers require certain characteristics and skills to succeed in such a high-pressure environment. A stockbroker test can help recruiters find top-quality candidates and ensure they have the skills and knowledge to succeed in the role.
It takes a certain type of person to become a successful stockbroker. The skills needed are difficult to assess purely from a resume or application form, which is why a stockbroker test can be such a valuable part of the pre-screening process for applicants.
Skills such as general stockbroker knowledge, best brokerage practices, cultural fit, resilience, problem solving and maths are assessed by the test.
The benefit of the test for recruiters is that it makes it easier to compare candidates based on their score, particularly if two or more candidates claim to have similar work experience.
The test is suitable for a wide range of broker and investment job roles such as:
Results for the Stockbroker 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.
Candidates will need to answer a range of questions that measure industry-specific technical skills where applicable, soft skills (e.g. interpersonal skills), aptitude (e.g. numerical reasoning) and relevant personality dimensions (e.g. stress tolerance). The results present a holistic view of how well suited each candidate is for the job at hand, using a data-driven approach.
The format varies by type of question, including multiple-choice for aptitude and technical skills, situational judgement for soft skills and agreement on a Likert scale for the personality dimensions. This approach ensures candidates are being assessed in an accurate and fair manner, and that results reflect the true underlying qualities of each candidate.
The characteristics, abilities and knowledge necessary to be a stockbroker were identified using the US Department of Labor's comprehensive O*NET database. O*NET is the leading source of occupational information that is constantly updated by collecting data from employees in specific job roles.
During the development process, test questions were rigorously analysed to maximise reliability and validity in line with industry best practices. They were created by our team of I/O psychologists and psychometricians – who collaborated with subject-matter-experts – and field-tested with a representative sample of job applicants who have varying experience, just like you might find in a talent pool.
Each test is reviewed by a panel of individuals representing diverse backgrounds to check for any sensitivity, fairness, face validity and accessibility issues. This ensures each candidate has a fair chance of demonstrating their true level of expertise.
Our stockbroker test is monitored to ensure it is up-to-date and optimised for performance.
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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.
Numerical, logical and verbal reasoning tests, software skills tests and personality tests could all be useful when pre-screening candidates for the role of a stockbroker.
A stockbroker test would be most suited towards the early stages of the recruitment process, also known as the pre-screening or pre-employment stages of hiring.
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