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Understanding Investment Banking SJTs
Situational Judgement Tests (SJTs) are specialised psychometric assessments designed to gauge how individuals confront realistic, job-related scenarios. In the context of Investment Banking, an SJT challenges bankers to demonstrate their decision-making prowess in situations they are likely to encounter on the Director role. This could be used for promotion, recruitment, succession planning, and personal development.
Positions that typically benefit from the Investment Banking Director SJT include:
1. Associate Directors
2. Directors
Investment Banking SJT in Detail
The Investment Banking SJT introduces candidates to 16 unique scenarios that reflect common challenges faced by analysts and associates. Test-takers are presented with four potential actions for each situation and must identify the most and least effective strategies. While the SJT is not timed, candidates typically complete it within 10 minutes.
Top-tier investment firms, including bulge bracket and boutique banks, incorporate SJTs into their recruitment strategies. This method helps differentiate candidates based on how effectively they can navigate the pressures and complexities inherent to the dynamic field of investment banking. By leveraging SJTs, employers aim to pinpoint applicants with the critical competencies needed for success in this competitive sector.
Our Investment Banking SJT measures 4 competencies / behaviours:
1. Purposeful Engagement: Supporting colleagues, stakeholders, & clients in an effort to improve and maximise outcomes (i.e., efficiency & quality).
2. Analytical Rigour: Establishing a clear, precise & accurate understanding of situations & tasks to facilitate effective action and valid decision-making.
3. Driving Peak Performance: Routinely delivering a high quality, efficient & adaptive client-focused service.
4. Role Modelling: Demonstrating a genuine commitment to company standards and best practice.
Each competency comprises of 4 behavioural indicators, and each indicator is measured by a specific question in the Investment Banking SJT. This ensures a comprehensive and valid assessment of the competency. It also ensures that the interpretive reports provided are accurate and valid.
Example Investment Banking Director SJT question
Investment Banking SJT - Sample Reports
On completion of the Investment Banking SJT, you can download 3 reports as standard:
1. Recruitment Report, where the content is designed for an organisation and supports a recruitment decision. This report provides tests scores, behavioural interpretation, and interview questions.
2. Candidate Report, where the content is designed for a candidate(s) and provides feedback on the test performance. This report provides behavioural interpretation and suggests development goals for improving their competencies.
3. Interview Report, where the content is designed to conduct a deep-dive interview, utilising the test results. This report provides tests scores, behavioural interpretation, in depth interview questions and detail on how to analyse, interpret and score interview responses.
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How to do well in your Investment Banking SJT
To do well in our Investment Banking SJT, it is good to implement the following tips:
1. Understand the Industry and Role: Familiarise yourself with the typical scenarios, challenges, and decision-making processes in investment banking. This includes understanding financial principles, market trends, client relations, and ethical considerations specific to the industry.
2. Practice Critical Thinking and Decision-Making Skills: SJTs test your ability to analyse complex situations and make sound decisions. Enhance your problem-solving skills by practicing with mock tests and studying various case studies in finance and banking. Focus on developing a structured approach to tackling problems.
3. Demonstrate Key Competencies: Investment banking SJTs often assess competencies like analytical thinking, ethical judgment, client focus, teamwork, and communication skills. Reflect these qualities in your responses. Be mindful of showcasing your ability to balance different priorities, such as client needs, regulatory compliance, and the bank's interests.
Remember, each SJT is unique, so it's crucial to read and understand each scenario carefully before responding. Practice and familiarity with the investment banking context will be key to your success.