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SoFi Assessment Test, Recruitment Process & Interviews Online Preparation – 2024

Aptitude Employment Tests Prep

What Is SoFi?

Based in San Francisco, CA, SoFi is a fintech company that provides financial services, and online banking through mobile and desktop platforms. Among its services are student and auto loan refinancing, financial advisement, and estate planning. To appeal to its customers and set itself apart from other fintech companies, it offers membership benefits like referral bonuses and unemployment protection. As of 2020, SoFi acquired fintech payment platform giant Galileo, which continues to operate under its own name.

As SoFi continues to grow, it is searching for individuals who will positively contribute to the brand. SoFi has teams to fill beyond financial experts. They hire for Engineering and Product Design, Marketing, Operations, and Risk and Security. SoFi encourages employee growth through mentorship and learning and development programs. One of the benefits of working for SoFi is the flexible work environment they offer which allows for a hybrid office/work-at-home schedule.

Other benefits include:

  • Medical, dental, and vision coverage
  • Mental health support services
  • 12 weeks of paid parental leave
  • Pet insurance
  • Paid caregiver leave
  • Family planning support
  • Student loan reimbursement
  • 401k and bonus opportunities

 

What Is the Hiring Process at SoFi?

After going through the open positions to find the one that suits your skills the best, submit an application online. Be sure to carefully go over the qualifications to make sure you meet them, so your application gets attention. You should receive an automatic email confirmation if your application has been submitted successfully.

After having a chance to review your application you will receive a call from a recruiter. The recruiter will go over the job and expectations with you in greater detail. If you have any questions now is the time to go over them with the recruiter. This conversation will help the recruiter, and you, decide if the position really is a good fit for you.

SoFi uses skills assessments to help identify the test candidates. The type of testing will vary depending on the job you have applied for and the skills needed for success in that position. Some of these tests may be given before you speak to a recruiter.

If you seem like a promising candidate, you will be invited to interview. SoFi has a very in-depth interview process, which is discussed below.

If everything has gone well, you will receive an offer. Your recruiter will discuss the details with you and help you through the process.

 

SoFi’s Interviews

Your interview may be done remotely through Zoom, or in person. SoFi interviews focus on what they refer to as the 3 P’s, People, Position, and Products. You will go through several rounds of interviews. They will be a mix of behavioral and technical for those going into technical roles.  For behavior-based interviews many of the questions will relate to how you work and communicate with others, how you feel your role should be performed, and your knowledge of the company as well as what makes you excited to work for them.

If your interview is done virtually, make sure your background is tidy. The way you present yourself will be evaluated by your potential manager, and your background will influence their opinion. Make sure you have a strong Wi-Fi signal in the area you will be interviewing from. Failure to ensure a proper signal will make you seem unprepared and cause a negative impression.

 

SoFi’s Psychometric Tests

SoFi uses skills assessments to help identify candidates with the best potential. You will be tested in the areas that are most important to the job you applied for. These assessments range from online testing to presentations.

  • HackerRank AssessmentIf you need to be fluent in a coding language, you will be given a HackerRank assessment. HackerRank assessments consist of a coding challenge that you must complete. To pass the assessment you must submit a code that passes a set of test cases.
  • Typing Test – This is a basic skills test, where you will be prompted to retype text in order to demonstrate how many words per minute you are able to type.
  • Career Personality Test
  • Writing Assessment – This test is used to make sure candidates can communicate clearly and concisely. There are variations of this assessment which may include identifying synonyms and antonyms, using correct vocabulary or grammar, and even spelling. These tests are usually multiple-choice, and it may be timed. In some cases, you may be asked to complete an essay on a specific subject. You will be given clear directions at the time of the assessment.
  • Case Study Corporate and business candidates may be required to review and present a case study. You will do a deep dive into your topic and present your evaluation to a group during one of your interview rounds.
  • SJT Test
  • Aptitude Tests

SoFi’s main test provider is eSkills Assessment.

 

How to Prepare for SoFi’s Assessment?

SoFi has a well-developed hiring process that is meant to be inclusive as it speeds along the hiring process. You need to be prepared to demonstrate that your essential job skills are sharp. First, identify the areas in which you are likely to be tested. If your job involves software development or programming then you can anticipate a coding or programming challenge, if you will be in administration, then you may be asked to complete a typing test. Practice your coding, typing, or other essential skills especially if you haven’t had to use them for a while. A little bit of practice will make a word of difference when you are asked to complete the skills test.