Prepare for the EIB Tests
Are you applying to EIB? The recruitment process has many difficult steps to overcome in order to get that sought-after job offer. We have therefore prepared this article/guide showing you how we can help you perform to your highest possible level.
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 is looking to hire the best candidates out there for their roles. Therefore, they have designed a challenging recruitment process which includes, at various stages, psychometric testing and interviews. If you are thinking of applying for a position at the European Investment Bank,it is a good idea to begin your preparation in advance. This article lays out the recruitment process, its stages and how you can best prepare. Beyond this, it is recommended to research the EIB’s background, recent work, and latest news to give you the well rounded preparation you will need to get that job.
EIB Recruitment Process
EIB ApplicationTo 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 need to supply your basic information, such as education, work experience, languages and relevant certifications. There is also a writing sample in 700 words where you need to tell the bank your motivations for applying and why you are the best candidate out there for the job.
Be prepared for any questions about your CV and career or study experience 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.
EIB Aptitude Tests If EIB sees potential, you will be invited to complete two aptitude tests and a personality test provided by Cubiks. 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.
EIB Numerical Reasoning TestThe EIB numerical test examine your capacity to work with numerical information. Using tables and graphs, the questions present information for you to use to answer the multiple choice questions. If you feel your skills in this area need improvement, you must brush up beforehand! Our Cubiks-style numerical reasoning pack gives you the review and practice you need.
EIB Problem Solving TestThe 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 can include 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 will be expected to work through them fairly rapidly, with less than a minute to answer each question.
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 to deductive reasoning, as you might expect. Rather than drawing a conclusion from a set of given principles, you need to show how a specific example or set of occurrences lead you to define a certain principle or rule.
EIB Personality TestThe Cubiks personality test, or PAPI test, is an evaluation of your personality traits to help the bank know if you are the right fit for the job. This test is shorter than most, with the time frame being 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 and how to give the most appropriate answer.
EIB Case StudySome roles may also require you to complete a case study in the application process. The subject matter of the case studies is role related, for example IT roles will be using tech-based materials. The most difficult element of this assessment is working through a lot of material in a limited amount of time. Our case study practice pack can help you plan out how best to manage your time during the assessment.
EIB InterviewThe final stage of the EIB recruitment process is the interview. The purpose of the interview is not simply to test your knowledge about 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 you have where you exemplified these attributes.
Some of the most common questions asked during the recruitment process for the EIB are:
- Tell me about a time when you demonstrated too much initiative?
- How has your education prepared you for your career?
- Give me an example of how you keep track of details while engaging in conversation.
- What signs of trust have you demonstrated in the past while working?
Prepare a few questions of your own to ask at the end of the interview. This demonstrates a high level of interest in the job in question, as well as showing general initiative. It could also be a chance to give more information about yourself that you feel will impress but which did not come up in the interview itself.
Try to relax – the interview begins from the moment you step into the building. Thorough preparation beforehand is proven to boost 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.
Still got the pre-interview jitters? Our trained assessors are here to help you through the interview process. Schedule a Skype session with an assessor today!
In SummaryThe European Investment Bank is an exciting and interesting place to work. Getting in can be tough but by preparing beforehand, you can feel confident that your chances are high. Good luck!
Free Aptitude Tests
Cubiks-style Practice Tests
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