Admission Exam Papers

Internal Admission Test/Exam Description

The admission examination aims to measure knowledge, thinking, and problem‐ solving skills in the basics of mathematics and finance.
The exam consists of two sections. All questions are in multiple choice format.

Section 1 tests the applicant’s basic mathematical abilities. This part of the exam is similar to the quantitative section of GRE General Test and consists of 20 mathematical problems.
Section 2 tests the applicant’s knowledge and skills in the basics of finance and consists of 15 questions from the basics of finance. 

Section 1: Mathematical Problems

Section 1
of the admission exam covers topics from elementary mathematics: Arithmetic (arithmetic operations, powers, operations on radical expressions, estimation, percent, absolute value, properties of integers (e.g., divisibility, factoring, prime numbers, odd and even integers), and the number line); Algebra (rules of exponents, factoring and simplifying algebraic expressions, concepts of relations and functions, equations and inequalities, solving linear and quadratic equations 
and inequalities, solving simultaneous equations, setting up equations to solve word problems, coordinate geometry (including slope, intercepts, and graphs of equations and inequalities) and applying basic algebra skills to solve problems); Geometry (parallel lines, circles, triangles, rectangles, other polygons, area, perimeter, volume of 3 dimensional bodies, the Pythagorean Theorem, and angle measure in degrees); Additional Topics (Questions may involve sequences and series of numbers, arithmetic and geometric progressions, interest rates, simple and compound interests, operations of union and intersection of sets, elementary probability, basic descriptive statistics (mean, median, mode, range), interpretation of data in graphs and tables (line graphs, bar graphs, circle graphs, frequency distributions).

Section 2: Basic of Finance

Section 2
of the admission exam covers topics from the basics of finance: Basics of time value of money (simple interest – finding future and present values of a single payment using simple interest, compound interest – finding future and present values of a single payment using compound interest, concepts of annuity and perpetuity, net present value); Understanding financial statements (income statement, balance sheet, statement of cash flow, types of assets, types of liabilities, working capital); Interpretation of financial statements (key financial ratios (debt ratios, profitability ratios, etc.)), Basics of financial management (individual and enterprise financial decision making, budgeting).  

Based on their performance, some of the admitted students might be offered the opportunity to attend a week-long ISET’s summer prep-course in mathematics before the teaching starts.

Sample MA Finance Admission Exam


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