Numerical reasoning
18 questions · 24 minutes (~80 seconds each)
What it tests. Quantitative synthesis - reading, interpreting and manipulating data models (CAGR, margins, discrepancies) under time pressure.
Worked example. A dual-axis chart shows quarterly revenue and net profit margin over five years; compute the absolute dollar difference in net profit between two quarters given a 12% revenue rise and a 150 bps margin compression.
Common traps. Treating a 150 bps compression as multiplying the margin by 0.85 instead of subtracting 1.5 percentage points; reading all five business units when only one is asked about.
How to handle it. Prioritize accuracy over completion on the first third to anchor the adaptive difficulty high; set up a clean scratch grid.
Verbal reasoning
30 questions · 19 minutes (~38 seconds each)
What it tests. Critical textual analysis under severe time deficits - distinguishing what is stated, implied and undeterminable.
Worked example. A passage notes pilot entities have used blockchain payment rails but regulatory ambiguity has prevented wholesale scaling; the statement that European entities are "unable to utilize" them is Cannot Say.
Common traps. Bringing outside macro knowledge instead of the text; over-interpreting qualifiers like most, some, frequently and always.
How to handle it. Read the question and statement before the passage so you search actively for specific keywords and qualifiers.
Logical / inductive / deductive reasoning
18 questions · 20 minutes
What it tests. Fluid intelligence: conceptualizing abstract rules and applying deductive logic to novel pattern problems.
Worked example. A 3x3 grid where the outer shape gains a side per column and the internal shading shifts solid to checkered to cross-hatched down rows; select the missing bottom-right shape.
Common traps. Fixating on a single variable and missing a secondary rule; sinking 3-4 minutes into one matrix from a shared time pool.
How to handle it. Isolate variables systematically - border, then shading, then orientation; if no rule emerges in 45 seconds, make an educated guess and move on.
Situational judgment + quantitative mini-case
12-15 SJT scenarios; 3-5 mini-case calculations · ~20 minutes guidance for the SJT
What it tests. Professional EQ, prioritization, discretion and chain-of-command awareness, plus basic deal math (implied premium, post-deal leverage, accretion/dilution).
Worked example. An Associate (now offline in a meeting) sent a model understating enterprise value by $400M, due to the MD in two hours: the most effective action is to wait outside the meeting, discreetly flag the error and present a corrected version to review together before it goes up.
Common traps. Answering the SJT on personal feelings rather than through a professional, hierarchy-respecting lens; relying solely on abstract logic without the quantitative business acumen the mini-case checks.
How to handle it. Pick options that prioritize discretion, team preservation and verification before escalating to senior leadership.