Quantitative aptitude measures numerical ability and problem solving skills of candidates. It forms an important part of almost all competitive exams, such as CAT, XAT,MAT, NMAT, CMAT, IIFT GMAT and so on. It is one section which is used to filter out candidates as not everyone has the skill sets required to sail through this section. On the contrary, people who are good at it, have a chance to convert it into a highly scoring section and enhance their chances of cracking the entrance exam.
1. Mental alertness
Quantitative aptitude tests your mental alertness. The business world is a ruthless one, complex challenges being part of the routine. Also, a business concern needs to keep an eye on the competitor and stay a step ahead. For this to happen, a management executive needs to be mentally alert to the changes happening around him/ her. A person having an aptitude for numbers, will invariably have a sharp mind.
2. Problem solving
Businesses have a lot to think about- profits, competitors, regulations, employees and so on. An entrepreneur or a management executive struggles with challenges every minute. A major part of his/ her work requires him/ her to find solutions to deal with the problems. Not everyone can do this effectively. A person with quantitative aptitude will be better equipped to handle the problems. The person will possess a knack for looking for solutions for the problems. Therefore, quantitative aptitude is tested in various competitive exams.
Not everyone is good with numbers. Numbers play a crucial role in businesses and commerce in general. Balance sheets, profit and loss calculations, investment analysis, all of these and other such functions require the individual to be comfortable with numbers as he/ she will have to deal with all kinds of numerical data on a day to day basis. Quantitative aptitude, therefore, forms an important pre- requisite for courses such as MBA.
An integral part of possessing quantitative aptitude is analysis. Numbers amount to nothing if proper and correct analysis does not accompany them. Analysis forms the backbone of businesses today. It helps a company formulate short term and long term plans, crucial for growth. A person with a quantitative aptitude will be in a better position to analyse and make sense of the data given. Such a person will also be at ease with numbers. Therefore, quantitative aptitude is an important measure for a prospective business executive’s abilities.
Quantitative aptitude also ensures one’s accuracy. Given that numbers, percentages, graphs, formulas, analysis are at play, it is crucial for the executive to be highly accurate, as there is little scope for errors. An error can lead to major losses. Hence, quantitative aptitude forms a significant part of most competitive exams.
Most competitive exams, CAT, XAT, MAT, NMAT, CMAT, IIFT GMAT and other MBA entrances in particular, give immense weightage to quantitative aptitude of a candidate, as the nature of their future jobs demand that they have a certain amount of numerical ability.
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