The European Investment Bank, or EIB, is the bank of the European Union. As one of the biggest and most influential banks in Europe, the EIB looks to fill its positions with the best candidates. Therefore, it has designed a challenging recruitment process that includes, at various stages, psychometric testing and interviews. If you are thinking of applying for a position at the European Investment Bank, it is worthwhile to prepare in advance.
To begin the EIB application process, you must first register on the bank’s e-recruitment website. Choose the position you wish to apply for and then you will be taken to the appropriate application form. You are asked to supply your basic information, such as education, work experience, languages, and relevant certifications. You must also provide a 700-word writing sample in which you explain to the bank your motivations for applying and why you are the best candidate for the job.
Be prepared for any questions about your CV and career or educational experiences so far. Expect your interviewers to delve deep into the information you provided in your initial application. Make sure you give concrete examples that show you understand the value of your experiences and the qualities they have helped you develop. Be sure to link these qualities to the skills required for your role at the European Investment Bank, and be ready to give real life examples for every question asked.
If EIB sees potential, you will be invited to complete two aptitude tests and a personality test supplied by Cubiks. The application process for some positions also includes a case study. These tests are used to determine whether you have the knowledge, skills, and personality to join EIB. To help put your best foot forward, make sure you know what to expect from these tests by preparing beforehand.
The EIB numerical test examines your capacity to work with numerical information. Using tables and graphs, the questions present information for you to use to answer multiple choice questions. If you feel your skills in this area need improvement, brush up beforehand. Our Cubiks-style numerical reasoning pack gives you the review and practice you need.
The EIB problem solving test is a mixture of numerical, verbal, and logical questions. It includes a variety of topics, such as verbal, deductive, and inductive reasoning. The test is 8 to 12 minutes long and includes between 30–50 multiple choice questions.
Verbal reasoning tests demonstrate your ability to comprehend, analyse, and interpret often complex or specialised written information. You will find a short paragraph of text followed by multiple choice or true or false questions. You are expected to work through these questions fairly rapidly, with less than a minute to answer each one.
Deductive reasoning questions measure your ability to draw conclusions from established facts. You may be expected to complete scenarios or recognise the strengths or weaknesses of a particular argument.
Inductive reasoning questions work in the opposite way of deductive reasoning, as you might expect. Rather than drawing a conclusion from a set of given principles, you must show how a specific example or set of occurrences can lead you to define a certain principle or rule.
The Cubiks personality test, or PAPI test, is an evaluation of your personality traits. It helps the bank know if you are the right fit for the job. This test is shorter than most, lasting only 20 minutes. Remember that there are no correct or incorrect answers on a personality test, but sometimes the questions can be tricky and repetitive. Our personality test pack reviews commonly used personality test questions to help you understand the real meaning of each question as well as how to give the most appropriate answer.
The subject matter of EIB's case studies is related to specific positions. For example, applicants for IT positions use tech-based materials. The most difficult element of this assessment is working through a mass of material in a limited amount of time. Our case study practice pack can help you plan how to best manage your time during the assessment.
The final stage of the EIB recruitment process is the interview. The purpose of the interview is not simply to test your knowledge of investment banking but also to determine if you as a person have developed the right skills to handle the job. The key attributes desired by the interviewer are numeracy, decision-making, leadership, verbal communication, and time management. When preparing for the interview, note any real life examples in which you have displayed these attributes.
Some of the most common questions asked during the recruitment process for the EIB are:
Prepare a few questions of your own to ask at the end of the interview. Doing so demonstrates a high level of interest in the job in question, as well as shows general initiative. This may also present a chance to provide more information about yourself that you feel will impress the interviewer but which did not come up in the interview itself.
Try to relax—the interview begins the moment you step into the building. Preparation beforehand is proven to boost your confidence and give your application its greatest chance of success. Our free guide to interviews PDF has some useful tips to help you get over this last hurdle.
The European Investment Bank is an exciting and interesting place to work. Being accepted is tough, but by preparing beforehand you can feel confident that your chances are high. JobTestPrep's preparation packages are the ideal solution to transform you into the most competitive candidate possible. Start preparing today.