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How to Recruit Talent Using Simulations

1. TLDR

If you're relying on CVs, interviews, and gut feel to recruit your next generation of finance talent, you're not alone. But you may be missing your best candidates - and keeping the wrong ones.

Simulations offer a smarter, fairer, and more revealing way to assess future potential. They put people into live decision-making scenarios. Not to test what they know, but to see how they think.

This article shows you how to use them. Thoughtfully. Realistically. And with confidence.

2. Introduction

Here’s the truth. Most finance recruitment processes don’t really show you how someone performs - they show you how well they’ve practised performing.

Well-rehearsed answers. Polished LinkedIn bios. Safe logic in case studies. These might reveal preparation. But not pressure. Not instincts. Not judgement.

That’s where simulation can help.

Done right, simulations show you how people respond to financial decisions with incomplete information, shifting priorities, and live dynamics. They move the focus away from “Can you tell me what EBITDA is?” and towards “What would you do when it's about to fall short?”

And it’s not just for banks and consultancies. We’ve seen business schools, fintechs, and startups use simulations to reveal potential that traditional hiring processes often miss.

At Finsimco, we’ve built our own simulation training tools - grounded in our origins at Morgan Stanley and refined through years of iteration - precisely for this kind of challenge. They’re designed to mirror real business decisions, so you can see how someone thinks before you hire them to think.

So how do you do this well? Let’s break it down.

3. Why Traditional Recruitment Isn’t Enough Anymore

Think about what you’re trying to find in a candidate:

Now think about how often those traits actually show up in an interview or a technical test.

Exactly.

Traditional finance recruitment tends to reward polish, not potential. It leans too heavily on surface knowledge. Too little on real-world reasoning. And too often, it fails to test what you really care about: how someone will behave when the pressure’s real, the timeline’s short, and the data isn’t clean.

That’s why simulations are gaining traction - not just in graduate assessment centres, but also in lateral hiring, internship pipelines, and even internal promotion rounds.

The benefits?

And you make a powerful statement about your culture. That this is a place where real thinking matters.

4. What to Look For in a Great Simulation Design

Not all simulations are useful for recruitment. Some are too abstract. Others too gamified. The best ones mirror real business pressures and reveal how someone thinks under strain.

If you’re choosing (or designing) a simulation to help identify talent, here’s what matters:

1. Realistic role dynamics

A good simulation gives participants a meaningful role - say, CFO, business unit lead, or investor - so they have a clear point of view and goals. You want candidates to make trade-offs, not just answer quiz-style questions.

2. Timed decisions and pressure points

Real finance work is time-sensitive. So your simulation should include deadlines, data drops, or stakeholder updates that force prioritisation and recalibration.

3. Ambiguity (on purpose)

Avoid simulations with a “right” answer. Instead, set up open-ended situations that reveal a candidate’s ability to explain their thinking, weigh risk, and justify a decision.

4. Measurable moments

Design a few key events where behaviours can be observed:

At Finsimco, we build these tensions into every simulation. From M&A deal rooms to cost-cutting task forces, we’ve learned that the richest learning (and most revealing talent signals) often emerge from moments of uncertainty - not textbook clarity.

The goal isn’t to test for “correct” finance. It’s to see who can think financially, with limited visibility and conflicting inputs.

That’s what you’ll want to capture.

5. How to Read the Results (Without Overthinking Them)

Once the simulation ends, the real work starts: interpretation.

Don’t fall into the trap of scoring every decision or creating a leaderboard. That’s not what this is for.

Instead, watch for patterns - especially around the why behind the choices.

Look for:

If possible, debrief with each candidate. Ask them to explain their thinking, what they’d do differently, what they learned. You’ll get a better feel for self-awareness and growth potential than any CV could ever offer.

Quick tip:

We often encourage our clients to record the session (with consent) and use short video snippets as conversation points during final interviews. It brings the whole process to life - and shows you how someone performs under genuine cognitive load.

6. Use Simulations to Build Your Future Talent Bench

Simulations aren’t just for making one hiring decision. They help you build a bench - a clearer picture of who might thrive in your environment down the line.

We’ve seen business schools and HR teams use simulations to identify candidates who aren’t quite ready now, but who show promising judgement, strong collaboration, or rare financial intuition. In other words: raw potential.

When you log those observations and keep the door open, you stop relying on reactive hiring. You start shaping future talent with intention.

Pro tip:

Run a simulation early in your recruitment funnel. Even if you don’t hire immediately, you’ve already invested in a useful, live snapshot of how someone thinks - and they’ll remember the experience, too.

One client told us their simulation shortlist was more accurate than their psychometric testing - and more human.

That’s the win.

7. What Great Simulation-Based Recruiting Feels Like

When it’s working, simulation-based recruitment doesn’t feel like a “test.” It feels like a preview of the job. For both sides.

Candidates walk away saying things like:

“I’ve never felt so seen in a hiring process.”
“That was hard - but now I actually understand what this company values.”

And internally, hiring teams report:

At Finsimco, we’ve designed every simulation with this feeling in mind. From our earliest builds at Morgan Stanley to our current modules used across industries, our focus has always been realism without theatrics. Clarity without simplification.

Because recruitment shouldn’t be about gaming the system. It should be about revealing how people actually think.

8. Conclusion

How to recruit talent using simulations isn’t about adding more steps to your hiring process. It’s about improving the signal-to-noise ratio.

Simulations let you see how someone reacts to the real decisions they’ll face in the job. Not how well they’ve prepped for an interview, but how well they think under pressure, in a team, with consequences.

And that’s the kind of insight no CV or case study can give you.

If you want to make more confident hiring decisions - and give candidates a smarter, fairer experience along the way - simulation is a practical, scalable solution.

At Finsimco, we’ve built simulation tools precisely for this purpose. They’re used in recruitment, onboarding, and talent development by organisations that care about decision-making - not just credentials.

If you’re curious about how simulation could improve your hiring, please book a demo. Or explore Finsimco's current simulation portfolio here.

Better hires start with better visibility. Simulation gives you that. Thoughtfully. Transparently. And fast.

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