FAQs

What is the success rate of psychometric assesments in India?

Psychometric assessments are widely used in India for career planning, they can also be incredibly insightful for your financial journey. There's no single success rate for psychometric assessments because it depends on how the user views the results.

Here's how our psychometric test at FinoBuddy can help you:

Uncover Your Financial Personality: We go beyond "spender" or "saver." Our test delves deeper to reveal traits like risk tolerance, impulse control, and goal-setting tendencies.
Make Informed Decisions: By understanding your financial personality, you can make investment choices that align with your comfort level and long-term goals.
Develop Healthy Habits: Identifying impulsive spending habits or a lack of future planning allows you to develop strategies to save more and achieve your financial goals.

Who are the professionals attached to finobuddy for conducting psychometric assessment?

Our psychometric assessment was developed by a team of experts:

Seasoned Financiers: Our co-founders boast over 2 decades of experience in the financial industry, providing a deep understanding of financial behavior.
Qualified Psychologists: The assessment itself was crafted by qualified psychologists, ensuring it accurately measures financial personality traits.
Rigorous Testing & Validation: The test has been administered to a wide range of users and meticulously reviewed by experts affiliated with prestigious institutions like LSE and Harvard. This robust process ensures the accuracy and effectiveness of the assessment.

Which are the companies in India use psychometric assessment in their recruitment?

While FinoBuddy isn't privy to specific companies in India using psychometric assessments, we can tell you it's a growing trend!
Many organizations, especially MNCs and listed entities, are incorporating these assessments into their hiring processes.
The focus is on finding the best candidate fit, and psychometrics can be a valuable tool.
However, it's important to remember there's no single list of companies using them.

Weightage of psychometric test over academic and other parameters in recruitment in India?

Here's how FinoBuddy sees the weightage of psychometric tests in Indian recruitment:
Growing Importance: Psychometric assessments are definitely gaining traction, especially for MNCs and listed companies. Focus on Fit: They're primarily used to assess a candidate's cultural fit, work style, and overall suitability for the role, complementing academic qualifications and experience. No One-Size-Fits-All: The weightage of the test depends on the company and the specific position. Some might give it high importance, while others might use it alongside other assessments.

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Whether government fixed deposit scheme like SCSS can be opened with you?

No, you cannot directly open a government fixed deposit scheme like the Senior Citizen Savings Scheme (SCSS) with FinoBuddy at this time. SCSS accounts are offered by post offices and authorized banks in India.
However, FinoBuddy might be able to help you with other financial products that can potentially offer similar benefits to SCSS. Here are some options to consider:
Fixed Deposits (FDs): FinoBuddy might partner with banks to offer you FD products with competitive interest rates and flexible tenures.Mutual Funds : Investment in Debt and MOney market instruments which offer similar and higher return with the same level of security.

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