Financial Analyst Test: Find The Best Job Candidates (2024)

A financial analyst test is designed to help employers assess whether a candidate has the requisite skills and expertise to successfully perform as a financial analyst.

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What is a financial analyst test?

A financial analyst needs to accurately understand, forecast and plan for the financial health of a business. Aside from analysis skills, financial analysts need to have a deep knowledge of current financial events and markets, as well as the principles, standards and techniques in business accounting.

The financial analyst test, which can be administered to a large number of potential employees, allows recruitment teams to find the right applicants to take further through the recruitment process, making sure that the applicants have the necessary skills.

Jump to a section on this page:

  1. What is a financial analyst test?
  2. Why should you use a financial analyst test for recruiting?
  3. How our test assesses financial analyst skills
  4. Financial Analyst Test FAQs

About the
Financial Analyst Test

There are numerous skills, aptitudes and competencies necessary for success as a financial analyst. While some of these are gained through education and experience, it is not always obvious how much a candidate has.

The financial analyst test asks questions designed to show how much the applicant knows, where they are strongest in the necessary aptitudes, and what skills they possess at the time of the test.

Skills such as communication, leadership and problem solving are important, as are accounting knowledge and understanding of financial issues – all of which are tested in the financial analyst test.

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Why should you use a financial analyst test for recruiting?

Applicants for a financial analyst role will need specific qualities (such as accounting skills, strategic planning and critical thinking), but it can be difficult to see which candidate has the right skills and aptitudes just via resumes.

Financial analysts must understand how to create budgets and perform cost analysis, how to manage cash flow, and how to use this information to recognise problems and create solutions. Financial analysts use forecasting and critical thinking skills to make decisions on what to prioritize to increase profits, and drive down costs through sound financial decisions.

The financial analyst test is easy to administer and can be given to a large number of candidates. It is easy for each applicant to complete the test, and it provides a straightforward set of results that are easy to read.

View a sample report

Results for the Financial Analyst 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

Financial Analyst Test: Find The Best Job Candidates (6)

How our test assesses financial analyst skills

Candidates will need to answer a range of questions that measure industry-specific technical skills where applicable (e.g. Microsoft Powerpoint), soft skills (e.g. leadership), aptitude (e.g. numerical reasoning) and relevant personality dimensions (e.g. planning). 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 financial analyst 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 financial analyst test is monitored to ensure it is up-to-date and optimised for performance.

Predictor of job success

Neuroworx provides evidence-based recommendations for tests to use for over 750 jobs. Our recommendation engine leverages data from the Occupational Information Network (O*NET) developed by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA).

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Instant access to our full testing suite.

Fully accredited: All our Financial Analyst tests are written by accredited psychologists and fully validated. matching, promoting diversity, mitigating bias, and aligning with your company culture.

For all levels: We offer Financial Analyst tests for all levels so you can assess all roles within your organisation.

Make better hires

Instant access to our full testing suite.

Analytics dashboard: Our full array of candidate performance metrics will provide actionable data on each of your candidates.

Candidate comparison: Simple, easy-to-use candidate comparison reports mean you don’t need to be a psychologist to interpret them.

Energize selection process

Streamline hiring with our out-of-the-box tools.

Smart automations: Automated actions such as alerts and reminders ensure a smooth candidate experience.

Instant results: Receive candidate results in real-time so you can make decisions in hours, not days.

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“The platform's dedication to fostering diversity has reshaped our workforce. We're now benefiting from a melting pot of unique perspectives, backgrounds, and experiences that drive innovation.”

“With Neuroworx, it's no longer about just hiring; it's about strategic alignment. Their algorithms ensure that our hires not only have the skills but also resonate with our organizational ethos.”

“Communication is now a two-way street. We're not only reaching out effectively but also receiving invaluable feedback, which has enhanced our candidate relationships manifold.”

Curated by our
team of experts

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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 skills do financial analysts need?

Key skills required for a financial analyst include: critical thinking; strong quantitative skills; analytical and financial modelling skills; attention to detail; problem-solving skills; strong verbal and written communication skills; strategic thinking.

Is the financial analyst test difficult?

The financial analyst test is difficult because of the ‘test pressure’ of a time limit and exam conditions. But the content is not difficult for a skilled financial analyst.

Can I get a free trial?

Yes, simply sign up (no credit card is required) and we'll give you unlimited access for seven days. Create as many jobs and test as many candidates as you want; you won't be charged a penny.

What is the cost for Neuroworx’s financial analyst test?

Neuroworx operates on a monthly or annual subscription basis. We have several plans to suit your hiring needs, which you can check out here. Alternatively, you can get in touch with us to discuss a custom plan.

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About Financial Analyst Tests

As an expert in the field of financial analysis, I have extensive experience and knowledge in the skills and expertise required for a financial analyst role. I have a deep understanding of the principles, standards, and techniques in business accounting, as well as the ability to accurately understand, forecast, and plan for the financial health of a business. My expertise also extends to current financial events and markets, which are essential for a financial analyst's role.

What is a Financial Analyst Test?

A financial analyst test is designed to assess whether a candidate possesses the necessary skills and expertise to perform successfully in a financial analyst role. It evaluates a candidate's understanding of financial analysis, forecasting, and planning for the financial health of a business. The test also assesses the candidate's knowledge of current financial events and markets, as well as their proficiency in business accounting principles, standards, and techniques.

The test is administered to a large number of potential employees, allowing recruitment teams to identify the most suitable applicants to proceed further in the recruitment process. It helps ensure that the selected candidates have the essential skills required for the role.

Key Points:

  • A financial analyst test assesses a candidate's skills and expertise for the role.
  • It evaluates the candidate's understanding of financial analysis, forecasting, and planning for the financial health of a business.
  • The test also assesses the candidate's knowledge of current financial events and markets, as well as their proficiency in business accounting principles, standards, and techniques.

Why Use a Financial Analyst Test for Recruiting?

Using a financial analyst test for recruiting is essential because it helps in identifying candidates with the specific qualities and skills required for a financial analyst role. It can be challenging to assess these skills and aptitudes solely through resumes, making the test a valuable tool in the recruitment process.

Financial analysts need to have specific qualities such as accounting skills, strategic planning, critical thinking, and the ability to create budgets and perform cost analysis. The test helps in evaluating candidates' abilities to manage cash flow, recognize problems, and make sound financial decisions. It also assesses candidates' forecasting and critical thinking skills, which are crucial for increasing profits and driving down costs.

Key Points:

  • The test helps in identifying candidates with specific qualities and skills required for a financial analyst role.
  • It assists in evaluating candidates' abilities in accounting, strategic planning, critical thinking, and financial decision-making.
  • The test assesses candidates' forecasting and critical thinking skills, essential for financial analysis.

How Our Test Assesses Financial Analyst Skills

Our financial analyst test assesses a wide range of skills, including industry-specific technical skills, soft skills, aptitude, and relevant personality dimensions. The results provide a holistic view of each candidate's suitability for the job, using a data-driven approach.

The test format includes multiple-choice questions for aptitude and technical skills, situational judgment for soft skills, and agreement on a Likert scale for personality dimensions. This approach ensures that candidates are assessed accurately and fairly, reflecting their true underlying qualities.

Key Points:

  • The test assesses industry-specific technical skills, soft skills, aptitude, and relevant personality dimensions.
  • It provides a holistic view of each candidate's suitability for the job, using a data-driven approach.
  • The test format includes multiple-choice questions, situational judgment, and agreement on a Likert scale for accurate and fair assessment.

Conclusion

In conclusion, a financial analyst test is a valuable tool for assessing candidates' skills and expertise for a financial analyst role. It helps in identifying the most suitable applicants for further consideration in the recruitment process, ensuring that they possess the necessary skills and aptitudes required for success in the role.

Financial Analyst Test: Find The Best Job Candidates (2024)
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