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.
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.
It's important to note that as of December 2016, EIB implemented assessment tests by Deloitte and SHL. This means that Cubik's Logik and PAPI have been replaced by Verify tests and SHL's OPQ32 Questionnaire.
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 SHL-style numerical reasoning pack gives you the review and practice you need.
The EIB verbal reasoning test, SHL's verbal reasoning test, measures the ability to analyse and interpret written information. It includes a written passage that is followed by written statements. The candidate is required to evaluate the truthfulness of the statement in light of the passage (true/false/cannot say). The unsupervised test includes 30 questions and must be completed in 17-19 minutes, depending on the job level.
The SHL ROPQ32 Questionnaire was designed to give organisations an understanding of how aspects of an individual's behavioural style affect his or her performance at work. It is comprised of a maximum of 104 questions which measure 32 specific personality characteristics. It is highly complex and is administered on a computer. Candidates are presented with a block of four statements and must choose which of the statements best describes themselves and which of the statements least describes them.
The subject matter of EIB's case studies is related to specific positions. known that 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.
EIB's assessment centres are used to measure the behavioural and managerial skills of candidates using a variety of assessment techniques and the EIB competency framework, which will be introduced to all candidates shortly.
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 interview preparation package can 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.