Ameriprise India Financial Analyst Interview Questions and Answers

Included typical logical reasoning and problem solving questions, the test was for 1 hour

Q1. How many iphones are there in india
Ans. 
It is difficult to provide an exact number of iPhones in India as it constantly changes due to sales and imports.
• The number of iPhones in India can vary based on factors such as sales, imports, and upgrades.

• Apple does not typically release specific sales numbers for individual countries.

• One could estimate the number of iPhones in India by looking at market research reports or industry trends.
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Q1. Liters of water to fill a 4L jug with a 3L and 5L jug
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Q1. HR focuses on soft skills, culture adaptibility, compensation discussions
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Q1. Technical round consisted of Technical knowledge about the profile applied for, past experience and knowledge testing
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Q1. Introduce yourself
Ans. 
Experienced financial analyst with a background in investment banking and financial modeling.
• Over 5 years of experience in financial analysis

• Strong background in investment banking and financial modeling

• Proficient in financial software such as Excel and Bloomberg

• Excellent communication and presentation skills

• Bachelor's degree in Finance from XYZ University
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Q2. Define financial planning
Ans. 
Financial planning involves setting goals, creating a budget, saving and investing wisely, and managing debt.
• Setting financial goals for short-term and long-term needs

• Creating a budget to track income and expenses

• Saving and investing money wisely to achieve financial goals

• Managing debt effectively to avoid financial strain

• Regularly reviewing and adjusting the financial plan as needed
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The aptitude test contained word problems, logical reasoning, math questions and grammar related questions. Basic to mid level

Q1. Technical round was more around, 'why you wanna join the company', accounting and investment banking and private equity related questions. 'What is PE/IB'?, 'Explain the flow of transactions in the books o...read more
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Q1. This was the final round with one of the VPs where again questions related to GAAP, Investment banking and accounting were asked. Questions such as ''Prepare a basic Cash Flow and Income Statement", "Line...read more
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Q1. Question on introduce yourself
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Q2. Question related to academic profile
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Q3. Question on current job role and on past job experiences
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Q1. What is asset management
Ans. 
Asset management involves managing a client's investments and assets to achieve their financial goals.
• Involves managing investments and assets

• Focuses on maximizing returns while minimizing risk

• Includes financial analysis, market research, and portfolio management

• Examples: mutual funds, hedge funds, real estate investments
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Q2. Related to shares and debentures
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Sections would mainly involve:
1. Quantitative Ability
2. Verbal Ability
3. Logical Reasoning and Data Interpretation.

Q1. What do you know about the company?
Ans. 
The company is a leading financial services firm specializing in investment banking and asset management.
• The company was founded in 1985 and is headquartered in New York City.

• It offers a wide range of financial services including mergers and acquisitions, capital raising, and risk management.

• The company has a global presence with offices in major financial centers around the world.

• It has a strong track record of delive...read more
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Q2. Are you ready to relocate to Pune?
Ans. 
Yes, I am ready to relocate to Pune.
• I am open to new opportunities and experiences in different locations.

• I have researched and familiarized myself with Pune and its financial industry.

• I am willing to adapt to a new environment and build a life in Pune.

• I have discussed the relocation with my family and they are supportive.

• I am excited about the prospect of working in Pune and contributing to its financial sector.
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Q1. Tell me about yourself.
Ans. 
I am a financial analyst with expertise in financial planning, analysis, and reporting.
• I have a strong background in finance and accounting.

• I am skilled in financial modeling and forecasting.

• I have experience in analyzing financial statements and identifying trends.

• I am proficient in using financial software and tools such as Excel and Bloomberg.

• I have excellent analytical and problem-solving skills.

• I am detail-oriente...read more
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Q2. Strengths and weaknesses
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Q3. General format of a cash flow statement
Ans. 
A cash flow statement shows the inflows and outflows of cash for a specific period of time.
• The statement is divided into three sections: operating activities, investing activities, and financing activities.

• Operating activities include cash received from customers and cash paid to suppliers.

• Investing activities include cash spent on purchasing assets and cash received from selling assets.

• Financing activities include cas...read more
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Q1. What is the format of a cash flow statement?
Ans. 
A cash flow statement typically has three sections: operating activities, investing activities, and financing activities.
• The first section shows cash flows from operating activities, such as sales revenue and expenses.

• The second section shows cash flows from investing activities, such as buying or selling assets.

• The third section shows cash flows from financing activities, such as issuing or repaying debt or equity.

• The...read more
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Q2. What is negative working capital?
Ans. 
Negative working capital is when a company's current liabilities exceed its current assets.
• It means the company may have trouble paying its short-term debts

• It can indicate efficient management of inventory and accounts receivable

• Examples include Amazon and Walmart

• It is common in industries with high inventory turnover and short payment cycles
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Q3. Why do we subtract increase in current assets in cash flow statement under operating activities?
Ans. 
We subtract increase in current assets in cash flow statement under operating activities to adjust for cash inflows/outflows.
• Increase in current assets means cash is tied up in inventory, accounts receivable, etc.

• This reduces the amount of cash available for operating activities.

• Subtracting this increase adjusts for the cash inflows/outflows.

• Examples include increase in accounts receivable, inventory, prepaid expenses,
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Q4. What is the formula for quick ratio?
Ans. 
Quick ratio formula is (Current Assets - Inventory) / Current Liabilities.
• Quick ratio is a measure of a company's ability to meet its short-term obligations.

• It is also known as the acid-test ratio.

• The formula excludes inventory from current assets as it may not be easily converted to cash.

• A quick ratio of 1:1 or higher is considered good.

• Quick ratio = (Current Assets - Inventory) / Current Liabilities.
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Q5. Suppose you have 10000 US dollars with you, out of which you took a loan of 5000 US Dollars. Now suppose you have purchased two assets of 5000 US Dollars each, one through cash and other through bank loan....read more
Ans. 
Answering how to show a transaction involving cash and loan in financial statements.
• The cash purchase of an asset will be shown as a decrease in cash on the cash flow statement and as an increase in assets on the balance sheet.

• The purchase made through bank loan will be shown as an increase in liabilities on the balance sheet and as an increase in cash on the cash flow statement.

• The loan taken will be shown as an incre...read more
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Q6. How are financial statements interrelated?
Ans. 
Financial statements are interrelated as they provide different perspectives of a company's financial performance.
• The income statement shows the company's revenue, expenses, and net income, which affects the balance sheet.

• The balance sheet shows the company's assets, liabilities, and equity, which affects the cash flow statement.

• The cash flow statement shows the company's cash inflows and outflows, which affects the in...read more
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