Financial Math test: Pre-employment screening assessment to hire the best candidates

Summary of the Financial Math test

This Financial Math test assesses a candidate’s ability to perform mathematical computations essential for identifying and evaluating financial outcomes. The test helps you identify candidates who can perform these computations efficiently and accurately.

Covered skills

Equations
Linear programming and mathematical progression
Time value of money
Application of time value of money in business

Use the Financial Math test to hire

Financial analysts, financial researchers, financial officers, executives, members of in-house finance and accounts departments, and anyone else responsible for performing mathematical analysis and computations for financial decision-making.

Type

Role specific skills

Time

10 min

Languages

English

Level

Intermediate

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About the Financial Math test

Sustainable growth for many businesses depends on accurate financial information. At the core of this financial information is financial math: functions, computations, and arithmetic related to financial information. Proper business decision-making is supported by various mathematical analyses and computations.

High-quality financial mathematics is a hallmark of high-quality financial positions. To find suitable candidates for your organization, this screening test uses practical, scenario-based questions that ask candidates to solve financial math problems that regularly come up when handling finance-related matters, such as computation of present and future value, net present value, internal rate of return, real and nominal rate of return, and products leading to profit maximization.

Candidates performing well on this Financial Math test will possess a good understanding of financial math and help your organization solve complicated finance-related problems and computations. Successful candidates will provide valuable input for your company’s financial decisions.

All Financial Math test questions can be solved without using a calculator, but given the time constraints, access to a calculator is highly recommended for all candidates taking this test.

The test is made by a subject-matter expert

Abdul G.

Abdul is a chartered accountant with over 15 years of experience managing other accountants and staff in many businesses, large and small. Abdul also has an MBA with significant consulting experience across business sectors, including oil and gas, pharmaceuticals, food, and education. He has worked as a university lecturer in accounting, finance, and tax-related subjects for more than five years and currently works on complex risk management policies as a senior risk management officer.

Crafted with expert knowledge

TestGorilla’s tests are created by subject matter experts. We assess potential subject-matter experts based on their knowledge, ability, and reputation. Before being published, each test is peer-reviewed by another expert, then calibrated using hundreds of test takers with relevant experience in the subject. Our feedback mechanisms and unique algorithms allow our subject-matter experts to constantly improve their tests.

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FAQs

What is the difference between an assessment and a test?

An assessment is the total package of tests and custom questions that you put together to evaluate your candidates. Each individual test within an assessment is designed to test something specific, such as a job skill or language. An assessment can consist of up to 5 tests and 20 custom questions. You can have candidates respond to your custom questions in several ways, such as with a personalized video.

Can I add my own questions to an assessment?

Yes! Custom questions are great for testing candidates in your own unique way. We support the following question types: video, multiple-choice, coding, file upload, and essay. Besides adding your own custom questions, you can also create your own tests.

How do video questions work?

A video question is a specific type of custom question you can add to your assessment. Video questions let you create a question and have your candidates use their webcam to record a video response. This is an excellent way to see how a candidate would conduct themselves in a live interview, and is especially useful for sales and hospitality roles. Some good examples of things to ask for video questions would be "Why do you want to work for our company?" or "Try to sell me an item you have on your desk right now." You can learn more about video questions here.

Can you explain how the other custom question types work?

Besides video questions, you can also add the following types of custom questions: multiple-choice, coding, file upload, and essay. Multiple-choice lets your candidates choose from a list of answers that you provide, coding lets you create a coding problem for them to solve, file upload allows your candidates to upload a file that you request (such as a resume or portfolio), and essay allows an open-ended text response to your question. You can learn more about different custom question types here.

Can I customize an assessment with my company logo and color theme?

Yes! You can add your own logo and company color theme to your assessments. This is a great way to leave a positive and lasting brand impression on your candidates.

What type of support do you offer?

Our team is always here to help. After you sign up, we’ll reach out to guide you through the first steps of setting up your TestGorilla account. If you have any further questions, you can contact our support team via email, chat or call. We also offer detailed guides in our extensive Help & Inspiration Center.

What is the cost for using the Financial Math test?

You can find our pricing packages here. Sign up here to try TestGorilla today.

Can I combine the Financial Math test with other tests?

Yes. You can add up to five tests to each assessment.

Where in my recruitment process should I use the Financial Math test?

We recommend using our assessment software as a pre-screening tool at the beginning of your recruitment process. You can add a link to the assessment in your job post or directly invite candidates by email.
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