Schroders is one of the largest British asset-management companies, employing more than 3,500 employees in over 35 countries around the world. Schroders currently offers positions for graduates, interns and trainees and the recruitment process is similar for all three positions. We go through the application stages below along with how you can prepare with the help of materials from JobTestPrep.
Note that candidates applying to a technologically-oriented scheme can expect to face technical questions in every step of the process, including the application form and the various interviews.
The first step on the path towards a coveted spot on any of the programmes is to complete an online application form. You need to provide your basic details, contact information and work or academic history, after which you have a number of open-ended questions where you need to provide full answers. These questions alternate between technical and competency-based and very much rely on your ability to resonate with the company’s core values. Some examples of these long answer assessment questions include:
Applicants who have impressed on the application form are asked to undertake two tests provided by CEB’s SHL. These ability tests include a numerical reasoning test and an inductive reasoning test.
The numerical reasoning test is difficult as you are required to interpret, calculate and extract relevant information from numerical data presented through tables and charts. The test is timed at 20 minutes in which you need to answer 18 questions. It is therefore vital to work quickly through the questions. Find out how to save time while still getting the answers correct with the help of our SHL-style numerical reasoning tests and video tutorials.
The inductive reasoning test, also known as logical reasoning, is tricky because it evaluates your cognitive abilities without relying numerical data or written passages. In the test you are shown a series of shapes fitting a certain pattern. You need to analyse the shapes to determine the pattern and then select the answer option that best fits the pattern you have found. Inductive reasoning tests may seem intimidating but by preparing with our tailored SHL-style inductive reasoning practice tests, you can master this assessment.
If you have done well on the aptitude tests you will receive an invitation to an online video interview to be completed in your own time. Video interviews differ from regular interviews in the sense that your answers are recorded via webcam and are reviewed by a senior member of the company only later. The Schroders video interview comprises of 6-8 questions which include a mix of firm-oriented, business-oriented, and competency-based questions. You are given two minutes to read each question and think of your answer and then an additional two minutes to record your answer - accumulating to a total of between 25-40 minutes for the whole interview. Additionally, there is a practice section to allow yourself to familiarise with the concept of video interviews, which you may redo until you feel confident enough for the real thing. At the end of the interview, you have two more minutes to add anything else you want to say.
The Schroders assessment centre is unique in the sense that it differs depending on the job you’re applying for. All jobs contain a competency-based interview with either a member of HR, a manager from your designated business unit or a senior executive within Schroders. Other activities at the assessment centre might include a technical interview with a coding exercise, a group exercise, a presentation and a case study.
Candidates who have passed the assessment centre are invited to one final interview at Schroders’ offices. This interview is conducted by senior members of the business area you’re applying for, and is designed to get to know you better and familiarise with your train of thought. It contains competency-based questions as well as questions about your personal life and about the programme you’re applying for. Feeling nervous about this last step in the application process? Schedule a time for an interview preparation session with one of our trained assessors to get your interview skills into shape.
The application process for all Schroders positions can be a challenge. But practicing beforehand is the key to overcoming the difficulties and JobTestPrep’s tailored tests and preparation packs help you every step of the way. We hope you’ve found this article useful and look forward to helping you in your application. Good luck!