Hey all,
I went to the numerical test and don't know if I passed yet. I would have liked to be told the following about this to prepare better:
1) There's 35 questions to answer in 20 minutes, that's very short only 40 secs per questions
2) They put some background noise on whilst you're doing the test to simulate a trading environment, so prepare with music playing in the background
3) They put the sound up in the last 5 minutes when there's the most pressure to finish off your questions; that threw me off a bit
4) The questions are a piece of cake if you're well prepared, standard math questions, no logic or IQ-type questions, no algebra problems, just your standard graphs and tables with ratios, percentages, addition, substraction and multiplications to do. They're not trying to catch you out with it.
5) They operate a negative scoring system: if your answers are incorrect, you lose 2 points, if you don't answer, you lose a point (it could be the other way around, frankly, I was too concerned at the time with test difficulty to pay much attention to what was being said) - the point is; it's all about speed and accuracy like was said in the previous thread, so when you prepare, work on that, don't focus on tough questions you got wrong, the questions are easy.
6) Make sure you practice with a calculator and work on identifying numerical relationship to save time on calculations. Also make sure you know all your conversion tables off by heart ie kg, distance, billions, millions, etc... as there will be a lot of manipulations with big numbers.
7) To prepare I recommend: all the numerical tests you can find online, particularly, efinancialcareers, kent uni, shl etc... Also get yourself the Heidi Smith Numerical Reasoning tests and practice all the drills, memorize the conversion tables and create some more practice examples with large numbers for yourself. My favorite book mental math book is Henry Sticker's How to calculate quickly. I also recommend Mind Games by George Lane, mental math world champion. Practice makes perfect in speed math, there's a free software you can use on:
Speed Math Trainer
which is quite useful.
8) Last piece of advice: if you're not up to scratch with your math, budget at least 2 months to prepare for a numerical test like this.
Has anyone got any advice on the interviews with Liquid?