Quantitative Analyst Test

A quantitative analyst test is a measure of candidate suitability and job readiness, predominantly used as a screening tool when recruiting for a quantitative analyst position.

  • What is a quantitative analyst test?

    A quantitative analyst test is a job knowledge test that helps employers make objective, well-informed decisions when hiring for the role. The test has been written by subject matter experts to focus on the knowledge and skills essential for success in quantitative analysis.

    Candidates must work their way through a series of questions addressing key topics such as the interpretation of financial data, statistical modeling, market trend analysis, and risk management. A candidate's programming skills will also be assessed along with job-critical soft skills.

    A high score on the test indicates a candidate has both the theoretical knowledge and practical experience to support a business with intelligent quantitative analysis. Such candidates can then be shortlisted for further assessment to give recruiters a comprehensive applicant profile.

About the Quantitative Analyst Test

Skilled quantitative analysts are in high demand, and sought after by employers such as investment banks, private equity firms, hedge funds, and insurance companies. These professionals have a high level of responsibility, tasked with using their skills to inform strategic financial and business decisions.

As they are so critical to investing well and mitigating risk, appointing the best talent is a must. The quantitative analyst test helps you do just that by assessing each applicant on the practical application of their skills.

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  • Why should you use a quantitative analyst test for recruiting?

    Recruiting for a quantitative analyst means looking for a diverse set of skills, knowledge, and expertise.

    Successful candidates must have keen financial acumen, a high level of numerical reasoning ability, and advanced analytical skills. The very best candidates will be well-versed in quantitative algorithms and programming languages like C++ and Python. They'll also have soft skills such as problem-solving, decision-making, and communication.

    That's a lot of information to try and take from a resume alone, making it almost impossible to shortlist candidates effectively. To complicate things further, there's no guarantee that what an applicant claims on their resume is true.

    By using the quantitative analyst test you can both streamline and enhance the screening process.

    The test can be administered remotely and at high volume - making it ideal when dealing with a large and geographically diverse applicant pool - whilst score reports give you comparable data so you can easily separate high performers from those that don't quite meet the benchmark. The test also brings objectivity, so you can make shortlisting decisions without bias.

    Allowing you to evaluate essential criteria in a time and cost-efficient manner, the quantitative analyst test is a valuable addition to your recruitment strategy. It will help you hire the best talent to support your business objectives.

Picked Sample Report

View a sample report

Results for the Quantitative 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.

How our test assesses quantitative analyst skills

Candidates will need to answer a range of questions that measure industry-specific technical skills where applicable (e.g. Microsoft Excel), soft skills (e.g. time management), aptitude (e.g. numerical reasoning) and relevant personality dimensions (e.g. detail orientation). 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 judgment 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 quantitative analyst were identified using the US Department of Labor's comprehensive O*NET database. O*NET is the leading source of occupational information constantly updated by collecting data from employees in specific job roles.

Test questions were rigorously analysed during the development process 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 actual level of expertise.

Our quantitative analyst test is monitored to ensure it is up-to-date and optimized for performance.

Validated

Predictor of job success

Picked 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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    Fully accredited

    All our Quantitative Analyst tests are written by accredited psychologists and fully validated.

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    For all levels

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

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

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    Candidate comparison

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

“We used Picked as part of our Finance Graduate Scheme recruitment and it was just what we needed – really simple to send candidates the link to complete and clear to see how they all compared. And great value for money!”
Christina, HR Director, Cancer Research, UK
Christina, HR Director, Cancer Research, UK
Quantitative Analyst Test expert

Written by a Quantitative Analyst Test expert

Our team of assessment experts is made up of I/O psychologists and psychometricians who are dedicated to making all of our tests as reliable, valid and fair as possible. They strictly adhere to best practices in the industry and stay on top of the latest innovations to ensure job candidates’ unique profiles of characteristics, abilities and knowledge are being measured accurately while minimising bias. They leverage decades of research and advanced predictive analytics to build assessments that link to outcomes that matter, such as job performance, turnover, engagement, culture fit and more.

“Personality profiling allowed us to perform lookalike modelling of our most successful employees and use this as a blueprint for new hires.”
Nick, HR Operations, Airbus, Spain
Nick, HR Operations, Airbus, Spain

Quantitative Analyst Test FAQs

What skills are necessary to be a quantitative analyst?

A quantitative analyst needs a variety of hard and soft skills to be successful. Hard skills include mathematical, statistical, and financial aptitude, programming skills, and software proficiency. Soft skills include teamwork, problem-solving, attention to detail, and communication.

What other tests might be helpful for a quantitative analyst?

When creating a test battery for your quantitative analyst hire you should aim for a combination of technical skills, soft skills, and aptitude tests. Useful assessments include relevant programming tests, numerical reasoning, logical reasoning, and decision-making. You could also use personality testing to evaluate job fit.

What is the cost for Picked’s quantitative analyst test?

Picked 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.

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.

“Focusing on data reduced the subjective decision making from our hiring process and allowed us to reduce bias and make better hiring decisions.”
Izzie, Head of HR, iZettle, Sweden
Izzie, Head of HR, iZettle, Sweden

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