Morgan Stanley Numerical Reasoning Test Cappfinity PDF Download 2026

This Morgan Stanley Numerical Reasoning Test is a professional assessment designed to evaluate a candidate's ability to interpret and analyze complex financial data. Powered by Aon, this psychometric tool is a standard component of the recruitment process for high-stakes financial roles.

Test Overview

Assessment Provider: Aon.

• Primary Objective: To measure the ability to understand, analyze, and evaluate data presented in various tables and diagrams.

• Total Number of Questions: The assessment consists of 18 tasks.

• Time Limit: A highly demanding 6-minute window.

• Efficiency Expectation: Due to the strict time constraint, most candidates are not expected to complete all 18 tasks; the test prioritizes both speed and accuracy.

Question Format & Functionality

• Response Options: Every task follows a multiple-choice format with three possible answers: 'TRUE', 'FALSE', or 'CANNOT SAY'.

• Single Solution: Each statement has only one correct answer based on the provided data.

• Navigation: Candidates can move forward and backward between statements or use a control panel to jump to specific tasks.

• Real-time Monitoring: The interface features a countdown timer in the upper right corner and a progress tracker showing completed versus active tasks.

Data Analysis Requirements

The test utilizes a specific set of 6 data sheets that remain constant throughout the assessment. Candidates must identify and refer to the correct sheet for each unique statement.

Types of Data Evaluated:

• Financial Statements: Revenue (Interest income/surplus), Expenses (Personnel, EDP, consulting), and Balance Sheets (UK-Bank).

• Stock & Equity: Common shares, capital reserves, and dividend payouts.

• Market Trends: Market share vs. market growth across different client segments.

• Geographic Development: Combined balance sheet totals across regions like Germany, America, Asia/Pacific, and Europe.

Candidate Preparation

• Materials Needed: Candidates are advised to have a calculator, pencil, and note paper ready before beginning.

• Environment: The test cannot be interrupted once started, requiring a quiet environment free from distractions.

• Practice Phase: The assessment includes an introductory sequence with 3 example tasks to familiarize the user with the interface before the timer begins.