Hi guys, I'm in London and I just failed Lazard's numerical reasoning test. I've never been good at timed tests like SAT or GMAT but the content wasn't that hard - I think I needed more time. Also, I just guessed the last 5 questions. Do these tests penalize for incorrect answers so is it better to leave them blank? Am I doomed if I can't pass these tests? If I drop off my resume at LSE's career fair, would they still ask me to apply online?
Are there any banks that don't require these tests?
Thanks
isn't the rule states before you take those tests? for example, before you take the assessment for Optiver, it clearly states how the score is calculated. and i'm pretty sure you are not doomed, chill the fuck out
You have to pass the tests to get through
I wouldn't chill out, I'd learn how to do simple maths under time pressure, seriously dude, come on!
Quite frankly, in the UK if you can't do numerical reasoning tests you are doomed unless you can somehow network your way around assessment centers, which I SEVERELY doubt. Sit down and practice right now before you submit any more applications because once submitted, you often get only a limited time window to do the test.
Practice a little, know your basics and have a strategy. I don't know which division you're applying to but regarding IB, the tests are doable by a 11 yrs old easily. I would say that verbal tests can (sometimes) be harder to ace.
Oreos,
www.tradertest.org
[quote=Linfone]Oreos,
www.tradertest.org[/quote]
Looks good. When I have the time to test myself I may. But for now I don't need to prove myself capable of numericals/logicals, in one interview I had the interviewer highlighted my high scores, I'm a beast the Don if you will. No but seriously the online app test should never be an issue.
Ahahah
Last year a recruiter told me: " you did well on numerical test, pretty high score!" me, proud: "yes I almost think it's fun sometimes" him: "well, ok, you had a nice score but you should know though that the one you took are way easier than those for S&T"
I should take one someday to see if it's true that S&T are much more demanding regarding numericals.
They are not.
I would buy the Manhattan Guides GMAT Math books and learn all the tricks in there for doing mental math quickly. Very useful for interviews.
There is no negative marking in those tests, but you WILL have to do them for basically any finance-related graduate level job, be it in Big4, other professional services or banking. Often you get asked to repeat the tests at assessment centres anyway. Just practice them over and over, the techniques and sometimes even questions are exactly the same for many of the questions.
This really makes me feel like a dumb ass. I've aced Calc, Diff Eq, stats in university but the time limit of 1min per Q kills me. Do buy-side firms in Europe require these tests also? I'm an American and I have not heard of these tests - if I don't do well, am I better off applying for positions in NY LA SF?
Numerical Test (Originally Posted: 11/20/2006)
hey,
I had my 1st round interviews at a BB last friday and did really great. The problem is I completely screwed the numerical test.
So, do I still have a chance??
what did they ask
I had to take the SHL Test after my interviews
it was for Capital Markets
40% CV, motivation 30% technical questions: option pricing theory, greeks, interest rate parity, I had to calculate forward rates, CDOs,... 20% questiones like: do you know the current swap rate, bond yields in EU & USA, FED/ECB policy 10% brain teasers
you have to be more specific on what you mean by numerical test?
Technical Questions? brain teasers? Or the test they make everyone in europe take?Disclaimer: The post above has been made by someone who is not currently employed in IBD, and has not had an interview yet...
Give me some more concrete examples? Could you describe the greek for instance? How far off on current rates were you?
no, the interviews were great. So no problems with all the questions mentioned above.
I just screwed the SHL numerical test (www.shl.com)
But if you did well on the first part, that's what I'd focus on.
I received invitation for 2nd round yesterday.
they asked you option pricing theory? for a analyst straight out of college position? how quantitative were those, did they ask you to derive black sholes? Also why would they ask you such questions for a capital market position.......
some explanations
Don't even try to complain about my grammar and spelling mistakes!
edit
k thanks
I was just asked some basics.
e.g.
what determines the value of an option?
what is more worth an at the money call or atm put option on EUR/USD.
how can you replicate a digital option with plain vanilla options.
Don't even try to complain about my grammar and spelling mistakes!
very interesting, well congrats!
on the call/put question, is that asking which is the more valuable b/t a European and American call or put?
I took a numerical test in the first round for UBS, that was okay but not easy to get perfect.
see title
yeah, I was allowed to use a calculator. Under normal circumstances the numerical test insn't a problem, but I got only one hour sleep the night before and was still a little drunk. I've passed the same test twice one month ago.
@ call/put question - you have to consider the interest rate parity
Don't even try to complain about my grammar and spelling mistakes!
its out of 22 right, what do you have to get to pass
how do you replicate digital options w/ vanillas?
Disaster with numerical test (Originally Posted: 09/27/2013)
Hello folks. Happy friday. I was invited yesterday to take a task online for a BB by SHL. I decided to do so mid day today because I wouldn't want to over the weekend... Did some prep for it and it took it. The test wasn't going too bad but I skipped over maybe 3-4 questions and wanted to return to them at the end because they would take more time. I got to the end of the test. I then tried going back to the ones I had skipped, but the system would not let me. It forced me to leave them blank. Now I am assuming I have a very low score on this test... due to a misunderstanding/glitch. Is there any way I could push for a retake of the test? Would they be willing to, since it is randomly generated each time? Would they understand?
Any advice at this point is appreciated.. I realize it is friday so nothing really can be done until Monday. I emailed a contact I have there (not in HR) to let him know what happened.
Thanks.
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