There is only one sure way to do it right with a numerical reasoning test and that is to be prepared. There is no quick fix, wand or pill that can be used to improve your reasoning skills – all you can do is prepare, study and then prepare some more. Most leading management consultancies require the numerical reasoning test for all of its qualifying applicants. Below are some strategies and tips for preparing for this type of exam.
Most numerical reasoning tests are timed to check your speed and require an advanced level of numerical understanding and an understanding of statistics and data synthesis. The numerical reasoning test offered by some of the top rated consulting firms such as McKinsey, Bain or BCG tests speed and power. The numerical speed questions refer to basic arithmetic types, such as division, percentage, ratios, and fractions. In order to score positively on these types of questions, fast and accurate calculations must be made. A calculator cannot be used during the exam; therefore, your math, calculation and estimation skills must be accurate and fast.
According to rental companies, such as Booz and AT Kearney, both strength and speed are examined as part of these exams. These types of tests require the examinee to interpret the questions in order to answer them logically. The question must be analyzed in order to derive the answer, rather than answering through a formula calculation. Management consultancies want to know how well a candidate synthesizes material and provides an accurate answer. The companies test much more than simple math skills with the numerical reasoning exam.
You don’t have to have been a math student in college to score well on a numerical reasoning test. The tests offered by consultancies that assess more than basic math skills. Your reasoning ability is under scrutiny. Preparing for numerical advice is the key to getting it right on the exam. Most recruiting committees recommend taking a practice exam before real work to see what kind of questions are being asked. There’s no way to actually study for the exam, but exposing yourself to the kind of questions you’re asking is a great way to increase your readiness.
Preparation and study guides are available online everywhere and provide you with an excellent set of sample questions. If the consulting firm tells you that a numerical reasoning test is required, it’s okay to ask about the format and types of questions that will be asked. This will help you prepare for the exam. When looking for a practice exam, make sure it is designed appropriately to test management consulting staff. Finding a good practice exam or exams makes a big difference in your preparedness because there are different types of numerical reasoning tests.
There is no substitute for practice and preparedness; Getting an idea of the type of questions you will come across on the exam by taking a practice exam will give you the necessary edge. Aside from the practical exams, it can be helpful to view and analyze business articles with detailed charts and data. Management consulting teams do a lot of data analysis in an effort to find best practices and improve functionality. Another technique for thorough preparation is to familiarize yourself with graphs, charts, infographic data, and other means of presenting and working information by interpreting the data therein.
Preparation is key to success when it comes to performing well on the numerical reasoning test for a management consulting career. Start early and prepare yourself in advance to do it right. Cramming may have worked in college the night before, but will not prove beneficial in this case.