10 exam-style questions with answers and explanations, straight from our 1,030-question bank. Tap an answer to check yourself. When you're ready, take the scored version in the free practice test.
These 10 free SOA Schroders questions are organized by exam domain, so you can see how each part of the Schroders Online Assessment blueprint is tested. Reveal the answer and explanation under each question.
You are in a crowded lift with a colleague from another team who begins describing, in detail, a large redemption that a well-known institutional client will make next week. Two people you do not recognise are also in the lift. What is the MOST effective action?
Correct answer: A - Change the subject at once and raise it with your colleague privately afterwards
You raise a control concern with your manager, who tells you it is not an issue and to focus on your own work. You remain genuinely concerned that client data is being handled incorrectly. What is the MOST effective next step?
Correct answer: B - Raise the concern with compliance, explaining that you have already discussed it with your manager
An hour after sending a client a performance summary, you notice that one figure was understated by an amount large enough to affect the client's decision. Your manager is in a client meeting for the next two hours. What should you do FIRST?
Correct answer: A - Immediately raise it with another senior colleague and agree how to correct it
In switchChallenge-style items, a numbered operator applies a fixed rearrangement to a sequence of elements. The sequence [A B C D E] becomes [A D C B E]. Which operator was applied?
Correct answer: B - Operator 2 - swap the elements in positions 2 and 4
Operator 2 swaps the elements in positions 1 and 3. Operator 5 swaps the elements in positions 3 and 5. Starting from [P Q R S T], operator 2 is applied first and operator 5 is applied second. What is the final sequence?
Correct answer: A - [R Q T S P]
A firm's operating margin improved from 24% to 27%. By what percentage did the operating margin increase?
Correct answer: C - 12.5%
A segregated mandate of £2.4bn is charged a tiered management fee: 35 basis points on the first £1bn, and 25 basis points on everything above £1bn. What is the annual fee revenue?
Correct answer: B - £7.0m
A manager's assets under management rise over a quarter entirely because equity markets appreciated. No new client money was received and none was withdrawn. In the firm's reporting, this increase is classified as:
Correct answer: C - Market movement
Passage: 'The firm opened a new office in Singapore in 2023 to support its growing Asian client base. The office houses distribution and client service teams.' Based ONLY on the passage, the statement 'The firm's headcount in Asia increased in 2023' is:
Correct answer: C - Cannot Say - the passage does not provide enough information
The ADEPT-15 Workstyles questionnaire presents pairs of statements that are similar in how socially desirable they appear, and asks you to choose between them. What is the PRIMARY reason this forced-choice design is used?
Correct answer: D - To reduce the effect of answering in the way you believe is most desirable
The full bank has 1,020 more SOA Schroders questions with explanations.
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