Financial Reasoning Test: 100s Of Free Practice Tests (2024) (2024)

19 tests
330 questions

Financial reasoning tests are incredibly similar to numerical reasoning tests, in that they will present financial information to you via graphs, tables and texts.

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What are financial reasoning tests?

Financial reasoning tests are incredibly similar to numerical reasoning tests, in that they will present financial information to you via graphs, tables and texts.

What format are financial reasoning tests?

Typically with a financial focused test, you will be given a short description of a scenario that is accompanied with extracts of numerical data. Passages of 150-250 words are likely to accompany each question, which requires you to filter and extract the necessary information quickly and effectively.

You will be expected to demonstrate knowledge of basic arithmetic (adding, subtracting, multiplication and division), ratios, percentages, average and interests.

As you are provided with more text than a standard numerical test, you will be given slightly longer to complete the exam.

What can make these tests difficult is the terminology used within the accompanying passages. Make sure you’re familiar with phrases such as “profit margin” and “market capitalisation” as these are commonly used within the financial sector.

Financial reasoning tests will also test your ability to complete more elaborate calculations compared to what is expected within a numerical reasoning test.

More importantly, these tests are often scored differently. In the event of a wrong answer, points may be deducted so you will need to be mindful of this.

Who uses financial reasoning tests?

As you could probably have guessed, financial companies like using financial reasoning tests. Below we have listed financial institutions who are known to use financial reasoning tests as part of their assessment:

- Barclays
- Financial Services Authority
- Deutsche Bank
- KPMG
- PWC
- Royal Bank of Scotland
- Citigroup
- BDO
- HSBC Bank

How to prepare for financial reasoning tests?

As you can see from the above, these tests are not easy. We recommend downloading our financial reasoning test pdf.

You should also read our financial reasoning test tips to help you improve your scores as quickly as possible.

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Financial reasoning example questions

Q) You are buying an industrial printer for a specific job that requires you to print five hundred thousand units. You have narrowed your choices down to 3 models, all of which can be installed with enough ink to print X number of units. The aim is to buy a printer whilst keeping company spending to a minimum, which model should you buy?

Answer: ARemember to relate your numeracy to what the question is asking. In this example you need to work out how many times you will need to fill the printer with ink to print enough units ( 500,000 / 120,000 = 4.17) but you can’t replace ink 4.17 times, so you must round up to 5. Printer A requires 5 loads of ink to complete the job and given that the printer comes preinstalled with the first load we know it will require 4 replacements.

A 500,000 / 120,000 = 4.17 (round up) 5, £13,000 + (£2,000 x 4) = £21,000B 500,000 / 80,000 = 6.25 (round up) 7, £9,750 + (£2,000 x 6) = £21,750C 500,000 / 180,000 = 2.7 (round up) 3, £15,000 + (£3,500 x 2) = £22,000

Q) In order to stay competitive a selection of fashion retailers all changed the price of a particular product on sale. If we assume that the product is the same in each store and that before any changes were made the product was being sold at the same price at each store, which fashion retailer experienced the highest increase in revenue?

Answer: CAs we aren’t provided with a retail price before the change, we have to use an example figure that we create. Let the starting price for the product be £1:Calculate new retail price for each retailer: £1 x 1.1 = £1.1, £1 x 1.15 = £1.15, £1 x 0.95 = £0.95Calculate market share value before change, assuming total market share is 100: £8, £10, £2Calculate market share value after change, assuming total market share is 100: £1.1 x 12 = £13.2, £1.15 x 15 = £17.25, £0.95 x 10 = £9.5Calculate the difference in market share value before and after change: £13.2 - £8 = £5.2, £17.25 - £10 = £7.25, £9.5 - 2 = £7.5The largest increase is £7.5 meaning retailer C saw the highest increase in revenue

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Financial Reasoning Tests FAQs

How are financial reasoning tests scored?

Financial reasoning tests are very similar to numerical reasoning tests. They will require you to solve mathematical problems but with a focus on finance. Therefore, your total score will represent the number of correct answers you give. In rare cases, wrong answers will subtract points from your score.

What are financial reasoning tests used for?

Financial reasoning tests are used for evaluating how well a person can solve mathematical problems with financial bias. These tests are mostly used to test the performance of job applicants for accounting and financial management.

What do financial reasoning tests involve?

Financial reasoning tests involve questions that require financial knowledge such as looking at business statements, profit and loss accounts and balance sheets. Like numerical reasoning tests, questions will include data in graphs, tables, and text format.

What do financial reasoning tests measure?

Financial reasoning tests reveal a person’s basic financial knowledge and measure a person’s ability to solve financial problems. Typical financial reasoning questions will require a knowledge of ratios, percentages, profits, and interest, etc.

Where can I practice financial reasoning tests?

Financial reasoning tests assess your knowledge of basic finances. To achieve the highest performance, you need to practice solving these problems or at least brush up your school knowledge on the subject. Our website provides the most popular tests of varying difficulty with guides and tips for you to practice before your audition.

Which employers use financial reasoning tests?

No surprise that financial reasoning tests are widely used by companies in the financial industry, such as banks, mortgage companies, business consulting, etc. You should expect to see these tests if you are applying for positions related to finance even in other companies as well.

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Financial Reasoning Tests Tips

1Prepare your own toolkit

Whether you need to sharpen your maths skills or learn everything from scratch, taking some mock tests will help. It might not make you a brilliant mathematician but will definitely improve your performance. Practice will also save you sleepless nights before the real assessment day by improving accuracy, speed and confidence. And you will need a good night’s sleep.

2Watch your timing

Don’t get stuck on one question. Work out roughly how much time you have per question before you start each test (think of it as a good warm-up) and try to stick to those timings. If it feels tough, keep going anyway and remember the easiest questions might be to come.

3Practice in exam conditions

When you practice for your assessment, try to do so in the same conditions in which you will be sitting your real financial reasoning test. Try quiet surrounding with a minimal distraction at a table. This will not only keep you more focused but also make silence less daunting while sitting your real assessment.

4Ask the expert

Look at our explanations to see how we’ve come up with the solutions. Understanding the thought process, how the question is broken down and the steps involved is an excellent way to simplify difficult questions.

5Carry out post mortems

Sure, financial reasoning tests won’t kill you, but you should assess which areas you’re getting wrong. That way you can focus on practicing them which will improve your performance on the tests as a whole.

6Prepare your own toolkit

Pressing the old and trusted buttons of your own calculator is easier than staring at the limitless functions of a scientific calculator your friend lent you. We also suggest you have a pen and plenty of rough paper for workings.

7Answer the question

It might be obvious but the fact that we mention it means it is not. At least not always. Although there is only one correct answer, there may be decoys that could trick you. Stay calm and focused and be careful with your numbers.

8Do your research

Find out from your employer what type of psychometric assessments they are going to want you to sit. If you’re not sure simply ask them! Each job is different so the assessments will vary but as a starting point visit our top employers.

9Don't be complacent

There are sometimes 100+ applicants per place for the most sought after roles. Your competition will be prepared so make sure you are too. The more you practice, the better prepared you’ll be.

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Financial Reasoning Video Tutorials

Graph Interpretation

Currency Conversion

Percentage Change

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Financial Reasoning 01

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Financial Reasoning 02

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Financial Reasoning 03

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Reviews of our Financial Reasoning tests

What our customers say about our Financial Reasoning tests

Victor Murage

Kenya

April 03, 2023

Challenging and well structured

I am seeking financial attitude practice tests to prepare for a major test tomorrow and I found this test challenging and well structured. I hope I passed.
Purnima berwal

India

March 23, 2023

Solution of these questions

In this test, I like that most questions are average to moderate level. Some questions are very hard and time consuming
Salina Debessay

Sweden

March 17, 2023

A good way to practice

I haven't done these tests before so it was a nice way of trying, hopefully the real one is built similar to this
Mercy Kariuki

Kenya

January 26, 2023

Mind engaging

It was an interesting first time test, I love the challenge and would like to keep trying to perfect my skills
Joseph Tubonemi

Nigeria

August 03, 2022

Interesting

Some questions were difficult to understand at first, but generally, it was a nice experience doing this.
Paddy Barnes

United Kingdom

June 03, 2022

Good test

Important to remain calm as there is a mixture of easy and relatively challenging questions, therefore don't assume its a minute per question
Sampath Wijerathna

Sri Lanka

May 29, 2022

Very good test

First few questions are very tough, so the time is not adequate to completed the entire 20. Where as this can be considered as a very good test.
Mazwi Sedibe

South Africa

May 09, 2022

Easy to understand the questions

The first 4/5 questions were not easy to work out I felt like I was missing some information. I could not really tell the hours it took to produce one item.
Ajran Kyan

Kenya

April 11, 2022

Financial Reasoning Test

The test was challenging enough to me to test my numerical skills and easy enough to act as confidence boost. Could I have at least two freebies that are quite challenging to test the level of difficulty?
Ingrid Bahnemann

United Kingdom

March 31, 2022

Good and clear, but too easy - graduate tests I've taken are always harder

Clear to interpret, easy user interface, free test and useful, but the difficulty standard of questions tended to be much easier than what I've come across in graduate financial/numerical tests.

As an expert in the field of financial reasoning tests, I bring a wealth of knowledge and experience to help you navigate the intricacies of these assessments. I have extensive expertise in understanding the nuances of numerical reasoning, financial concepts, and the specific challenges posed by financial reasoning tests.

The article you've shared provides valuable insights into financial reasoning tests, offering guidance on what they are, their format, and how to prepare for them. Here's a breakdown of the key concepts discussed in the article:

Nature of Financial Reasoning Tests:
- Financial reasoning tests are similar to numerical reasoning tests, presenting financial information through graphs, tables, and texts.
- Questions often include a short scenario description accompanied by extracts of numerical data.
- Longer passages of 150-250 words may accompany each question, requiring quick and effective filtering and extraction of necessary information.
- Basic arithmetic (addition, subtraction, multiplication, and division), ratios, percentages, averages, and interests are tested.
Difficulty and Scoring:
- These tests may be more challenging due to the terminology used in financial passages, such as "profit margin" and "market capitalization."
- Expect more elaborate calculations compared to standard numerical reasoning tests.
- Points may be deducted for wrong answers, making it crucial to be mindful of accuracy.
Companies Using Financial Reasoning Tests:
- Financial reasoning tests are commonly employed by financial institutions for assessments.
- The article lists several financial companies known to use these tests, including Barclays, Deutsche Bank, KPMG, and HSBC.
Preparation Tips:
- Preparation is essential, and the article recommends downloading a financial reasoning test PDF and reading related tips.
- The tests are challenging, and practicing with mock tests is crucial for improvement.
- Familiarity with phrases like "profit margin" and "market capitalization" is emphasized.
Example Questions:
- The article provides two example questions with detailed solutions:
  - Selecting an industrial printer based on ink usage and cost.
  - Identifying the fashion retailer that experienced the highest increase in revenue after a price change.
FAQs about Financial Reasoning Tests:
- The article addresses frequently asked questions about scoring, usage, content, and measurement of financial reasoning tests.
Tips for Test-Takers:
- Practical tips are provided for those preparing for financial reasoning tests, emphasizing the importance of timing, practice conditions, and post-assessment analysis.
Reviews and Testimonials:
- The article includes reviews from individuals who have used the financial reasoning tests, providing insights into their experiences and challenges.

In summary, financial reasoning tests are a critical component in evaluating an individual's financial knowledge and problem-solving abilities. As you prepare for these tests, it's essential to focus on understanding financial concepts, practicing under exam conditions, and refining your problem-solving skills to succeed in assessments by top employers in the financial industry.