UBS Assessment Test

11 replies [Last post]
Volfan2's picture
Offline
Joined: 2006-06-23

I have been in the Insuance business for almost 10 years & am talking to UBS for a vacant financial advisor position. I am to take their tests next week after the holiday. The local office manager advised me of a few things, but added that some people had failed it, therefore your talks w/ them are over. What do I need to do to or look for, to pass?

JCadieux's picture
Offline
Joined: 2005-01-23

All of my clients use similar tests.  You will probably be asked to take a personality test.  Also, depending on the firm and your level of experience, you may be asked to take a math test.As far as the personality tests go, my advice is to answer the question truthfully as written without too much analysis.The people I have seen get in trouble with this test often tried to over-analyze the questions.  They try to figure out what the tester WANTS to hear, rather than answering truthfully.Don't try to reverse-engineer the personality test.  Just relax and be yourself!

Volfan2's picture
Offline
Joined: 2006-06-23

The test will have some math, probability & statistics, etc. This is not a test developed by UBS, I think its from the Securities Industry to see if you have the ability to pass the Series 7.

Spikie's picture
Offline
Joined: 2006-06-07

If it is called the assessment, it will also involve a simulated work day of an FA, including calling prospects, making a presentation, answering calls from clients and email messages, etc.

opie's picture
Offline
Joined: 2006-06-15

The UBS test is different than some others because you are not allowed the use of a calculator, which is pretty senseless since this test is used to guage one's aptitude to pass the Series 7, a test where a calculator is provided for you.
Math questions are not too difficult, but can be nerve wracking when you are doing long division using pencil and paper.

NASD Newbie's picture
Offline
Joined: 2005-08-01

opie wrote:
The UBS test is different than some others because you are not allowed the use of a calculator, which is pretty senseless since this test is used to guage one's aptitude to pass the Series 7, a test where a calculator is provided for you.
Math questions are not too difficult, but can be nerve wracking when you are doing long division using pencil and paper.

do you think that people who type in all lower cases and create run on sentences could do long division on paper

dude's picture
Offline
Joined: 2005-11-15

NASD Newbie wrote:opie wrote:
The UBS test is different than some others because you are not allowed the use of a calculator, which is pretty senseless since this test is used to guage one's aptitude to pass the Series 7, a test where a calculator is provided for you.
Math questions are not too difficult, but can be nerve wracking when you are doing long division using pencil and paper.

do you think that people who type in all lower cases and create run on sentences could do long division on paper

Nope.

opie's picture
Offline
Joined: 2006-06-15

NASD Newbie wrote:opie wrote:
The UBS test is different than some others because you are not allowed the use of a calculator, which is pretty senseless since this test is used to guage one's aptitude to pass the Series 7, a test where a calculator is provided for you.
Math questions are not too difficult, but can be nerve wracking when you are doing long division using pencil and paper.

do you think that people who type in all lower cases and create run on sentences could do long division on paper

Depends - they could be autistic.
Anyway, to benefit those taking a test like this later - consider this type of question:
Bob owns 200 shares of stock A, which he purchased at $25.00 and sold for $27.00.  Larry owns 300 shares of stock B, which he purchased at $30.00 and sold at $34.50.  By what percentage is Larry's rate of return greater than Bob's?
Simple question, right?  Well, when you are doing this manually, you may accidentally start wasting time by mutiplying shares owned versus purchase price for each, finding the difference, and so forth. 
But the quicker way is just to find the % difference in price for each stock (.08 and .15, respectively) and you get 7% - the amount of shares is irrevelant, but screws your time up if doing it manually.

Jazzsky's picture
Offline
Joined: 2007-02-09

I really don't know how to do this one? Can you guys help?1. Mrs Smith has a portfolio valued at 400,000. 33% of her money is in ABC stock which she purchased 4 years ago at 22 1/8 per share. Another 33% of her money is in XYZ stock she purchased 10 years ago at 78 1/16 per share. The final 33% of her money is in WWW stock she bought 3 years ago for 100 per share. If Mrs. Smith had sold ABC stock for a 30% increase two years ago and then purchased xyx stock which had incrased 1/8% five years ago, what is the amout of her portfoloio. By the way, Mrs. Smith is blind and uses a wheelchair to get around. Her favorite TV show is Golden Girls. When did her son get back from the Vietnam war? A: True B: False C: 500,000 D: 1,000,000 E: I have no idea2. Sally wears red. Red folks are blind. Is Sally bling...I got this question from some other forum, I think the answer to this is Sally is blind too. am i correct?3. The Union workers were told that they would receive a 10% bonus IF ABC company had an increase of sales that year. All Union workers who are capable of receiving a bonus took the speical employee training class two years ago. Company ABC had a profitable year. George is a union worker, received a bonus, but never took the spcial class. A: True B: Kind of true C: Not enough info D: Kind of False E: FalseI think the answer to this is E. False

12345's picture
Offline
Joined: 2006-12-04

Spikie wrote:If it is called the assessment, it will also involve a simulated work day of an FA, including calling prospects, making a presentation, answering calls from clients and email messages, etc.
This is not the test you will be taking. The test you will take is to see whether you are likely to pass the series 7. The test is split into two sections. The first section is made up of analytical thinking questions, which can be slightly tricky. The second section is all math. The entire test consists of 56 questions, 30 of which you need to answer correct to pass. However if you fail but are very close to that 30 number they will let you take it again. I used the calculator that is on the desktop under the accessories tab. I started the math section without it but soon realized that I would need to use it to finish on time. They made no mention about a calculator and I wasn't about to ask. I passed with a 39 on the first try however without the calculator I would have failed. After the test they will likely schedule another interview where they will ask you to complete a business plan. I have a copy of the template if you want it. It may look very good if you show up to that interview with a plan already completed. PM if you want it.

BrendanOC-2's picture
Offline
Joined: 2006-10-23

BASTARD!!! I can't believe you used a calculator!!! Oh well. See you in Weehawken in June :P

misshoneylovesyou's picture
Joined: 2008-10-25

I'm confused - is this test supposed to test industry knowledge or ability to do calculation/reading?

I have an SIA exam coming up in a few days. Any help will be greatly appreciated! Thanks so much   

Please or Register to post comments.

Industry Newsletters
Investment Category Sponsor Links

 

Careers Category Sponsor Links

Sponsored Introduction Continue on to (or wait seconds) ×