Estimated reading time: 6 minutes
Generally, in the AIIB YPP selection process, candidates who pass the first screening round might be invited to take two online tests: a) The Computer-Based Test; and b) The Cognitive Assessment.
If you intend to apply for an opportunity with the AIIB, here are some relevant pieces of information to help you get ready and increase your chances of success!
In the following article, we will further address each of these different evaluation methods, providing details and useful tips to help you prepare in advance for the process!
Among the different ways of selecting staff, the Young Professionals Program (YPP) is known as the AIIB’s most important and prestigious selection process. The AIIB YPP is a highly competitive selection process. Every year, more than 4,000 highly qualified young people from around the world apply for this program but only around 10-20 applicants are selected each year. Being selected for the AIIB YPP can change your life forever, but this is no easy task.
In pursuit of its mission, the OpenIGO network has developed support and guidance services, with the aim of highly increasing your chances of success in this competitive selection process. These include an Application Review and a Mock Interview – based on the Asian Infrastructure Investment Bank YPP original model. For more information, access:
For more info, access:
Want to know how to improve your AIIB CV? Then check out our magazine on the topic right now!
The Computer-Based Finance Test
The selection process of candidates being considered for an AIIB placement, including general job opportunities or the Young Professionals Program, might involve a timed, computer-based financial test to evaluate applicants’ specific financial skills and knowledge as part of AIIB’s Online Tests.
In general, this kind of test replaces pen-and-paper-based tests and can be delivered online or via a software program. This form of testing is usually on-demand and helps the organization to simulate real-life problems, thereby assisting recruiters in analyzing the skills and talents of candidates in the financial area.
Two types of computer-based tests exist: linear and adaptative. In the linear kind, the computer randomly selects questions without considering your level of knowledge.
Questions vary from easiest to most difficult, in no specific order. In the adaptative test, on the other hand, questions are selected based on your level of knowledge. The computer system chooses from a pool of questions classified according to difficulty and content. In this type of test, each question answered is used to select the next one.
A computer-based financial test presents several advantages in comparison to paper-based tests, such as:
| Advantages of a computer-based financial test over paper-based tests |
|---|
| 1. Allowing the candidate to monitor the time remaining for the exam, since the timer is visible on the screen; |
| 2. Allowing the candidate to change their answer as many times as they want; |
| 3. Allowing the candidate to view the exam status (questions answered, questions unanswered, flagged questions); |
| 4. The test captures information such as start and end time, break periods, and time spent on each question, section, or content. |
Since an organization such as the AIIB has a strong confidentiality policy, it is hard to describe the contents of the test precisely, however, candidates can expect something similar to the Chartered Financial Analyst test. This famous test is designed to ensure that financial professionals have all the knowledge necessary to succeed.
The exam consists of free-standing, multiple-choice questions. It focuses on four areas: ethical and professional standards; investment tools; asset classes; and port-folio management and wealth planning. These areas are divided into 10 topics:
- Ethical and Professional Standards;
- Quantitative Methods;
- Economics;
- Financial Reporting and Analysis;
- Corporate Finance;
- Equity Investments;
- Fixed Income;
- Derivatives;
- Alternative Investments;
- Portfolio management.
The questions measure candidates’ capacity to apply concepts and formulas and analyze everyday work situations. The test can also comprise essays and case studies that require advanced calculation and problem-solving skills.
Nevertheless, candidates should take note that all these subjects will be approached in relation to the organization’s financial development work and the strategy planned for the cycle.
For this reason, candidates must possess specific knowledge of the Asian Infrastructure Investment Bank, its strategic tools and areas of activity.
Generally, in the first round of the AIIB Young Professionals Program selection process, you must fill out an online application form and send documents (Curriculum Vitae/Resume, Cover Letter, etc.). These documents are decisive for your success in this competitive selection process! Therefore, it is of fundamental importance that they are carefully reviewed. This is exactly what our award-winning team will do for you.
That is why we are here: to provide you with step-by-step assistance to earn your place at the AIIB. We have developed the AIIB YPP Application Review for you with everything that you need to know to stand out in this stage of the selection process.
It is of fundamental importance that your documents are carefully reviewed. This is exactly what our award-winning team will do for you.
For more info, access:
Are you interested in internship opportunities at the AIIB? Then check our AIIB Internships Application Review:
AIIB Internship Application Review
The Cognitive Assessment Test
In this type of test, candidates are usually given a rule or principle to apply to examples, and must then reach a specific conclusion using deductive reasoning (numeric, pattern identification…).
General logical reasoning questions may also be included. The following statement was given by a real candidate applying for the cognitive assessment test:
“The cognitive assessment was a set of games (numeric, pattern identification, and more). Those were fun to play, although some required quicker attention than I thought initially.”
For didactic purposes, we prepared the following examples of cognitive questions based on information available at the website “Predictive Preparation”:
- Numeric problems:
a) 15 cups cost $720. How much would 3 cups cost?
b) Complete the following sequence: 1 | 3 | 12 | 60 |?
c) Which of the following has the lowest value? 0.15, 1/5, 15/10, 10/15:
d) In the past two years, Nina’s salary grew by 25% each year. Two years ago, her salary was $80,000 per year. What will be Nina’s annual salary this year?
$115K | $120K | $125K | $130K
- Verbal Reasoning:
Not all conference participants are doctors.
All conference participants who are doctors are experts.
Some doctors who participate at the conference are not certified.
Conclusion: Some certified people at the conference are experts. (Correct)
- Abstract Reasoning:
Complete the missing frame:
Answers Numeric Problems: a)154 / b) 360 / c) 0.15 / d) (80*1.25) *1.25 = 125
Answer Abstract Reasoning: D
Among the different ways of selecting staff, the Young Professionals Program (YPP) is known as the AIIB’s most important and prestigious selection process. The AIIB YPP is a highly competitive selection process. Every year, more than 4,000 highly qualified young people from around the world apply for this program but only around 10-20 applicants are selected each year. Being selected for the AIIB YPP can change your life forever, but this is no easy task.
In pursuit of its mission, the OpenIGO network has developed support and guidance services, with the aim of highly increasing your chances of success in this competitive selection process. These include an Application Review and a Mock Interview – based on the Asian Infrastructure Investment Bank YPP original model. For more information, access:
For more info, access:
