<p>“And most companies have given up on testing applicants. Those types of tests were common in the 90s but most companies have realized that the results were random and did not accurately measure potential.”</p>
<p>so far this internship recruiting season, I have taken a test with DE Shaw, Bank of America, Wolverine Trading, ZS Associates, All-State… with all-state basically tell you if they want to interview you or not right after the computer grades your test. These are information available directly from the companies. Most of them were similar to the SATs except for DE Shaw’s. That one was crazy hard math/programming. Also, on DE Shaw’s information request email, they basically say " you must fill out the test score blanks. If you dont, you wont be considered"</p>
<p>Ask any financial engineering majors. A huge part of their career planning for the program is brainteaser/number theory interview testing preparation for quant jobs. That is directly from the program advisor.</p>
<p>Also, that still doesnt change the fact that standardized test is a part of life, all the grad school testings, the interview testings (that still exist) , on the job testings… and many more</p>