Monday, 13 August 2018

Numerical Reasoning Test of Management Consulting

A numerical reasoning test gauges not only how well you can deal with numbers. More sigificantly, it measures your ability to analyze, interpret data and think logically. This ability is a pre-requisite for positions, such as management consultants, who need to deal with financial reports, salary structure, market figures and other quantitative documents. They need to go over the information meticulously to be able to generate effective and practical solutions for their client.

This is the reason why many firms administer the numerical reasoning test to applicants. For recruiters, it is an effective tool that distinguishes the best from the good ones. If you are scheduled for this test, make the most of it. Management consulting is a very popular career; so many applicants would go an extra mile just to get a position in this industry. There are specific ways to prepare for this challenge, and they are elaborated in the following paragraphs.

The first thing to do is to reinforce your basic mathematical concepts. If you've already mastered the MDAS (multiplication, division, addition and subtraction) rule, then proceed with answering ratio, fraction, percentage and word problems. Since you've already passed this subject in high school, this won't be an overwhelming preparatory step. All you must do is to open a math textbook, familiarize the rules and answer some exercises.

Gain knowledge of reading tables and graphs, too. You must know when to use them and how to interpret the included data. Do not disregard the description or legend integrated in the problem; otherwise, you'll come up with wrong assumptions and answers. It is preferable that you become skilled at this. Since this is what professional management consultants do, many interpretation questions will definitely come out in this test.

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