Aon Senior Analyst II Interview Questions and Answers

Q1. What are derivatives in finance?
Ans. 
Derivatives in finance are financial instruments whose value is derived from the value of an underlying asset.
• Derivatives can be used for hedging against risk, speculating on price movements, or gaining exposure to assets without owning them.

• Common types of derivatives include options, futures, forwards, and swaps.

• Options give the holder the right, but not the obligation, to buy or sell an asset at a specified price be...read more
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Q2. What are the different types of derivatives?
Ans. 
Derivatives are financial instruments whose value is derived from an underlying asset or group of assets.
• Types of derivatives include options, futures, forwards, and swaps.

• Options give the holder the right, but not the obligation, to buy or sell an asset at a specified price before or on a specified date.

• Futures are contracts to buy or sell an asset at a future date for a price agreed upon today.

• Forwards are similar to...read more
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Q1. What are the details of the stock market and its various products?
Ans. 
The stock market is a platform where investors can buy and sell shares of publicly traded companies.
• Stocks represent ownership in a company and can be bought and sold on stock exchanges like NYSE and NASDAQ.

• Bonds are debt securities issued by companies or governments to raise capital.

• Mutual funds pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities.

• Options give i...read more
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Q2. Balance sheet,profit &loss account
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Q3. Journal entries
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Q4. Option in detail, economic crisis,
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The test will comprise a total of 60 questions, divided as follows: 70% of the questions will focus on finance and accounting, while the remaining questions will cover aptitude and English.

Q1. Zero coupon bonds, long-term liabilities, return on equity, debt-equity ratio, captial budgeting and techniques, bonds and its types, debt instruments meaning, collateral, mortgage, spin off, demerger, mer...read more
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Q1. 4-5 SQL questions- Max price, categories in a retail store, no. of products bought per customer, joins, basic python
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Q2. Guesstimate: no. of amex credit card users in India. Follow up questions to test business acumen and understanding of the business
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Q1. What are the main financial statement
Ans. 
The main financial statements are the income statement, balance sheet, and cash flow statement.
• Income statement shows a company's revenues and expenses over a period of time.

• Balance sheet provides a snapshot of a company's financial position at a specific point in time.

• Cash flow statement details the cash inflows and outflows of a company during a period.

• These statements are essential for analyzing a company's financia
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Q2. How will you handle stressful situation
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I handle stressful situations by staying calm, prioritizing tasks, and seeking support when needed.
• Remain calm and composed under pressure

• Prioritize tasks based on urgency and importance

• Seek support from colleagues or supervisors if necessary
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Q1. Explain CDS and credit risk
Ans. 
CDS stands for Credit Default Swap, a financial derivative used to transfer credit risk between parties.
• CDS is a type of insurance contract where one party pays a premium to another party in exchange for protection against a credit event, such as default or bankruptcy.

• The buyer of a CDS makes periodic payments to the seller, who agrees to compensate the buyer in the event of a credit event on a specified reference asse...read more
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Q2. Explain option strategies
Ans. 
Options strategies involve buying and selling options contracts to achieve specific investment goals.
• Buy Call Option: Bullish strategy where investor expects the price of the underlying asset to rise.

• Buy Put Option: Bearish strategy where investor expects the price of the underlying asset to fall.

• Covered Call: Selling a call option while holding the underlying asset to generate income.

• Straddle: Buying both a call and p...read more
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Q1. Questions regarding previous work experience
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Q1. Explain different option strategies
Ans. 
Options strategies involve buying or selling options contracts to achieve specific investment goals.
• Some common options strategies include covered calls, protective puts, straddles, and iron condors.

• Covered calls involve selling call options on a stock you own to generate income.

• Protective puts involve buying put options to protect against a decline in the value of a stock.

• Straddles involve buying both a call and a put...read more
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Q1. Can you describe your day-to-day activities?
Ans. 
As a Senior Analyst, my day-to-day activities involve conducting data analysis, creating reports, presenting findings to stakeholders, and providing insights for decision-making.
• Conducting data analysis on various datasets

• Creating reports based on analysis findings

• Presenting findings to stakeholders

• Providing insights and recommendations for decision-making

• Collaborating with team members on projects
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Q2. What is the concept of swing trading in the financial markets?
Ans. 
Swing trading is a trading strategy that aims to capture short- to medium-term gains in a stock or financial instrument.
• Swing traders typically hold a position for a few days to several weeks, as opposed to day traders who hold positions for just a few hours.

• They aim to profit from the 'swings' or price movements in the market, buying at support levels and selling at resistance levels.

• Swing trading involves analyzing t...read more
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IT WAS Difficult and i gave up

Q1. Linked list search binary
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Q2. Array search and traverse
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Q1. Get the maximum salary of the employee from the employee and department table
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Q2. Explain the data analysis process that you would follow for employee salary table
Ans. 
The data analysis process for an employee salary table involves data cleaning, exploration, visualization, and modeling.
• Start by cleaning the data to remove any duplicates, missing values, or outliers.

• Explore the data by calculating basic statistics like mean, median, and standard deviation.

• Visualize the data using histograms, box plots, or scatter plots to identify patterns or trends.

• Perform statistical modeling to an...read more
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Q3. Explain the challenges you faced in your project
Ans. 
I faced challenges in managing large datasets and ensuring data accuracy in my project.
• Managing large volumes of data from multiple sources

• Ensuring data accuracy and consistency

• Dealing with missing or incomplete data

• Handling data cleaning and preprocessing tasks

• Addressing technical issues with data storage or processing tools
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