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Scotiabank Assessments

    • 12 tests |
    • 110 questions

Scotiabank is one of Canada’s largest banking groups, providing a variety of financial services to more than 23 million customers. Founded in 1832, it is headquartered in Halifax.

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Scotiabank in-person interview

If you do well enough in the assessments, you might be invited for an in-person interview by the recruitment team. Try to get as much interview practice beforehand by practicing lots of interview-style questions.

The STAR method can be a particularly useful way to structure your responses to interview questions using the Situation, Task, Action, Response method. Scotiabank will want examples of times you’ve demonstrated certain skills (including some of their core values).

By using this method, it will help you put together examples that are communicated concisely and clearly.

Scotiabank screening

If you successfully complete the interview, there is a screening phase to verify background and employment eligibility before your job offer.

Your references will be checked, as well as any supporting paperwork for your education to ensure you meet all requirements.

Practice Aptitude Tests is not associated with Scotiabank. We provide preparation services for Scotiabank psychometric tests. Our tests are not designed to be identical to any style, employer or industry. Visit to find out more.

Sample Scotiabank Tests question Test your knowledge!

During a fiscal quarter, a financial advisor reported that the value of a portfolio increased by 8%. If the value at the beginning of the quarter was $50,000, what was the value at the end of the quarter?

  • $54,000
  • $53,000
  • $55,000
  • $52,000

A customer has a 5-year fixed mortgage rate at 3.5% and wants to find the total interest paid on a principal of $250,000. What would be the total amount of interest paid over 5 years?

  • $43,750
  • $37,500
  • $48,250
  • $35,000

If a savings account offers a compound annual interest rate of 2%, and a customer deposits $10,000, what will be the balance after 4 years?

  • $10,816.48
  • $10,833.60
  • $10,404
  • $11,000

A customer invested $5,000 in a bond that pays annual interest. After 3 years, the total value of the investment is $5,780.50. What is the annual interest rate?

  • 5.2%
  • 4.5%
  • 5%
  • 6%

A client opened two savings accounts, depositing $15,000 in one at an annual interest rate of 1.5% and $10,000 in another at 2.5%. After one year, how much more interest has the client earned from the second account compared to the first?

  • $100
  • $150
  • $200
  • $50

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Scotiabank Tests Tips

1Get Familiar with Financial Terminology

Understanding industry-specific jargon is crucial in banking tests. Dive into financial terminology to be at ease with Scotiabank-related questions.

2Know Your Math

Brush up on your numerical skills. Proficiency in basic math and financial calculations will give you an edge during the tests.

3Practice Under Timed Conditions

Time management can be your best friend or worst enemy. Practice the tests on Practice Aptitude Tests to get a real sense of the ticking clock.

4Understand the Question Types

Different tests have different question styles. Get to know them inside out by taking various practice tests, so there are no surprises.

5Stay Updated on Economic Trends

Keeping abreast of the latest in finance can help answer any current trends questions that Scotiabank might ask to assess your industry knowledge.

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Scotiabank Tests FAQs

What are the Scotiabank tests?

Scotiabank assesses potential employees using a series of tests tailored to banking and finance roles. These tests often include numerical, verbal reasoning, and sometimes situational judgment tests to evaluate applicants thoroughly.

Are the Scotiabank tests hard?

The difficulty of Scotiabank tests varies depending on your personal strengths and professional background. However, they are designed to challenge candidates and distinguish those who are well-prepared and knowledgeable in the financial sector.

How do I prepare for Scotiabank tests?

Preparing for Scotiabank tests primarily involves practice. The more practice tests you take, especially on platforms like Practice Aptitude Tests, the better you’ll perform. They are a resource-rich site dedicated to simulating the actual test environment for you.

How long does the recruitment process take at Scotiabank?

The recruitment process at Scotiabank can vary in length, but it generally includes several stages, from resume screening to testing and interviews. The entire process can take several weeks up to a couple of months.

What are Scotiabank's core values?

Scotiabank’s core values resonate with integrity, respect, commitment, and insight. They emphasize accountability and teamwork, aiming to provide their customers with quality financial solutions.