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Bank of America Investment Banking Interview Questions and Answers
Bank of America Investment Banking Interview Experiences
1 interview found
Interview Questionnaire
6 Questions
- Q1. Why finance? Why not your core branch?
- Ans.
Finance offers a dynamic and challenging career with opportunities to work on complex deals and make a significant impact on the economy.
Finance provides a unique blend of analytical and interpersonal skills
It offers a fast-paced and constantly evolving industry
The opportunity to work on high-profile deals and make a significant impact on the economy
The potential for high earnings and career growth
Interest in finance a...
- Q2. Questions regarding financial intruments like derivatives, forwards-futures, options etc
- Q3. How would you fit in? (give me some reasons to hire you)
- Ans.
I have the necessary skills, experience, and passion to excel in this role.
I have a strong background in finance and accounting
I am a quick learner and can adapt to new situations easily
I have excellent communication and interpersonal skills
I am a team player and can work effectively in a collaborative environment
I am highly motivated and driven to succeed
I have a proven track record of delivering results
I am passionat...
- Q4. Some highlights from your resume?
- Q5. What does Bank of America do?
- Ans.
Bank of America is a multinational investment bank and financial services company.
Provides a range of financial services including investment banking, wealth management, and consumer banking
Operates in over 35 countries
One of the largest banks in the United States
Offers credit cards, mortgages, and other financial products
Has a market capitalization of over $300 billion
- Q6. What is investment banking?
- Ans.
Investment banking is a financial service that helps companies and governments raise capital and provide strategic advice for mergers, acquisitions, and other financial transactions.
Investment banking involves assisting clients in raising capital through issuing stocks or bonds.
It also involves providing strategic advice to clients on mergers, acquisitions, and other financial transactions.
Investment banks act as inter...
Interview Preparation Tips
Experience: Common test for both profiles (IT and Investment Banking). Practise for programming questions if are not at all into coding. Rest all will be standard 'AMCAT' questions
Tips: Don't panic just by looking at programming questions. Some of them were easy and only required common sense to find out output of some given code.
Duration: 75 minutes minutes
Round: Resume Shortlist
Experience: CPI may play a role. You may have an edge if you have mentioned some projects and courses related to finance. The initial shortlist is very rational and unbaised; mainly based on test (they provided detailed analysis of our test performance, so the process of shortlisting was totally based on merit).
Tips: Apply for investment banking if you want to work in finance. Do *not* apply for IT profile if you don't want to code. That doesn't mean that IT profile is not good (compensation is the same and if you like to code it's a good work profile). If you apply for both; you will be interviewed for both the profiles.
They allowed walk-in interviews as well; so even if you were not shortlisted earlier, go there and ask to the SPO guys for walk-ins.
Round: HR Interview
Experience: There were 2 rounds for each profiles. I was interviewed twice for IT profile and only once for investment banking profile.
Questions will be asked on finance. If you have mentioned some finance/economics related project or course; be prepared to explain it.
I was also asked a puzzle (standard one).
Tips: Read about finance (basic level concepts); but be ready to be grilled more if you give correct answers to easy questions.
Round: Group Activity
Experience: 7 guys were shorlisted for the final selection. They gave us three rapid fire GDs back to back.
Topics- 1. Android vs ios | 2. Five things you'll need to survive in a jungle for 1 month | 3. How to prevent another Lehmann brothers like disaster?
Tips: Be confident. Don't try to create a fish market and chaos. I think they ultimately look for sense in the points you make.
General Tips: Show them that you're fascinated by finance and "want a career, not a job" attitude. Interviewers were very friendly so even if you get stuck, don't panic. He'll rescue you out.
Skills: Verbal Communication Skills, Logical Puzzles, Finance
College Name: IIT Kanpur
Motivation: Sheer interest in Investment Banking
Top trending discussions
Interview questions from similar companies
I applied via Referral
Interview Preparation Tips
Tips: DO YOUR RESEARCH – company website, annual reports, quarterly conference
calls, analyst report.
• Study Corp. Fin and FRA (mainly), brush up on Econ, CCFS, Capital Raising.
• Big on Culture – READ THE BOOK “Culture of Success” (LRC has copy)
• Speak to people current and ex-employees of Goldman (the firm, culture,
interview process, growth areas)
• Practice mock interviews – we had one first round at ISB, six 40 minute one on
one interviews in London, followed by 3 30 minute 2 on one interviews the same
day. (Equal split between personal/fit interviews and technical interviews. One
current affairs interview, one entire interview on details of a deal – Technical
Section question 5).
Round: HR Interview
Tips: Huge on teamwork – LIKE LEADING BY CONSENSUS.
• Read Wetfeet, Vault Goldman Profiles.
• Client and firm first priority – over personal/wife/girlfriend.
• 14 principles of Goldman Sachs – KNOW THEM ALL.
• Sell yourself – especially your strengths that are applicable to this line of
business.
• Goldman employees not arrogant, soft spoken, treat you as an equal in the
interview. Came out of there with more respect for them than when I went in.
• You will work your @ss off, so don’t have any reservations about that. I was told
that as an Associate I would be required to come in Saturdays and Sundays….
The first 6 months as an Associate – will be the most hardworking person in firm.
• Don’t EVER ask them about pay, bonuses etc. They will compensate you well.
• Have insightful questions for them at the end of the interview. Have ENOUGH of
them. You will have many interviews, with interviewers comparing notes later,
you don’t want to be asking them all the same questions.
Skills:
College Name: Indian School Of Business (ISB)
I applied via Referral
Interview Questionnaire
4 Questions
- Q1. Questions on finance
- Q2. Questions on economics
- Q3. Personals
- Q4. Current affairs
Interview Preparation Tips
Experience: I think they were looking for, team fit + strong background in terms of achievements (indication of hard work I guess)
what went right – could explain current affairs and implications
what went Wrong – poor knowledge about all ibanks and MS in particular
Tips: Brush up on news, about the company and personals
Round: Technical Interview
Experience: What went right was :Eco
Tips: Brush up finance
Skill Tips: Patience, hard work, persistence, PPT/Excel
Skills: Presentation Skills, Hardwork, Patience
College Name: IIM Bangalore
I applied via Referral
Interview Questionnaire
4 Questions
- Q1. Interest in IBanking
- Ans.
I am highly interested in Investment Banking as it aligns with my passion for finance and provides an opportunity to work on complex financial transactions.
Passionate about finance
Excited to work on complex financial transactions
Interested in the fast-paced and dynamic nature of Investment Banking
Desire to work with top-tier clients and provide them with valuable financial advice
Strong analytical and problem-solving sk...
- Q2. Questions abt work experience
- Q3. General talk abt Mumbai
- Q4. Then asked to give a small presentation on the case they give – defend your viewpoint
Interview Preparation Tips
Experience: 1st interview was with Markets head.
Tips: Smooth talking, had already attended a few interviews so standard responses to questions
Round: Technical Interview
Experience: This interview was with senior folks from Corporate Finance team.
They were looking for Interest in IBD, ability to take on long hours, communication skills .
Kept talking and was well versed in the working of IBD through past experience.
Skills: Verbal Communication Skills, Work Experience, Interest In The Job
College Name: IIM Bangalore
Investment Banking Interview Questions & Answers
Goldman Sachs
Rohini Ramachandran
posted on 5 Dec 2015
I applied via Referral
Interview Questionnaire
1 Question
- Q1. Finance related questions
Interview Preparation Tips
Experience: I think they were looking for Basic understanding of financial accounting, confidence.
My experience of working on valuation of Oil & Gas projects, financial modelling helped a lot
Tips: My confidence in answering questions related to finance and Read thoroughly two chapters 11 & 12 of “Financial Accounting” book by RNS
Skill Tips: Curiosity, “can-do” attitude, Gyaan on derivatives, basic excel skills, willingness to learn in a sometimes chaotic environment
Skills: basic excel skills, Curiosity To Learn
College Name: IIM Bangalore
Anonymous
I applied via Referral and was interviewed before Apr 2020. There were 5 interview rounds.
Interview Questionnaire
1 Question
- Q1. About yourself and prior academics
Interview Preparation Tips
I applied via Company Website and was interviewed in Nov 2020. There was 1 interview round.
Interview Questionnaire
3 Questions
- Q1. Types of marketing
- Ans.
Marketing can be broadly classified into four types: product, price, promotion, and place.
Product marketing focuses on promoting and selling a specific product or service.
Price marketing involves setting the right price for the product or service.
Promotion marketing involves advertising and promoting the product or service to the target audience.
Place marketing involves making the product or service available to the ta...
- Q2. Family background
- Q3. Intro
Interview Preparation Tips
I applied via Referral and was interviewed before Mar 2021. There were 4 interview rounds.
Mathematics reasoning English test.
(1 Question)
- Q1. Tell me about your self. If experience candidate ask about previous job Ask about our organisation
(1 Question)
- Q1. Why should we hire you?
Interview Preparation Tips
I applied via Campus Placement and was interviewed before Feb 2021. There were 2 interview rounds.
(5 Questions)
- Q1. Why should we hire you?
- Q2. What is your family background?
- Q3. What are your strengths and weaknesses?
- Q4. Tell me about yourself.
- Q5. About tpp and casa products
Interview Preparation Tips
Interview Preparation Tips
Experience: My strong resume aided in getting shortlisted for Credit Suisse.
Round: Group Discussion
Experience: The GD went well as I did not haste into my chance and was calm throughout.
Round: Other Interview
Experience: The interview was with an alumni who told me that my GD performance was good, and asked me a puzzle. It was followed by some questions on my resume, mainly my internship.
Another puzzle followed, which I took some time to solve. I was able to solve the next one instantly,
Then I was asked to sell a crumbled piece of paper innovatively.
Round: Other Interview
Experience: This round was with a senior member in the company who asked about my resume, stay in campus, post of election officer and some tricky questions, which I answered well. A question on probability was asked. A few more puzzles followed, along with some questions on finance. He also mentioned that he did not expect me to answer these as I had no background in finance. But i was able to answer them.
I was then asked to leave and HR was called inside. I also had an interview with Diamond. The HR came to me and told me that they were interested in and asked me to stall my interview with diamond for a while.
Round: HR Interview
Experience: It was with VP and continued for 45 minutes with no puzzles, finances or cases. It was more of a discussion on all fields ranging from campus life to UP politics to Sachin's retirement, etc.
I was asked about my internship experience and the reason i wanted to join their company .
Round: HR Interview
Experience: It was with the Director, who said that he had a sore throat and hence would not say much. he said that they wanted to hire me and that I do not interview with any other firm. I was more than glad! I was the first person to bag an offer in the placement season.
College Name: IIT KANPUR
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