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Bank of America Investment Banking Analyst Interview Questions, Process, and Tips

Updated 29 Nov 2024

Top Bank of America Investment Banking Analyst Interview Questions and Answers

  • Q1. 1. Why IB 2. Why wacc is genearlly higher than terminal growth rate
  • Q2. What is difference between EV/Net Income and P/E ratio in relative valuation?
  • Q3. Why is Cash subtracted in Enterprise Value formula?

Bank of America Investment Banking Analyst Interview Experiences

5 interviews found

Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
No response

I applied via LinkedIn and was interviewed in May 2024. There was 1 interview round.

Round 1 - Video Call 

(2 Questions)

  • Q1. Describe a recent business news and how it would affect your role
  • Q2. Tell me about yourself
  • Ans. 

    I am a recent graduate with a strong background in finance and a passion for investment banking.

    • Recent graduate with a degree in finance

    • Internship experience in investment banking

    • Strong analytical and financial modeling skills

    • Passionate about the investment banking industry

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Make sure to be up-to-date with news etc and to read about the company. There are a lot of questions that have been published online that they brought up in the interview.
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Not Selected

I applied via Campus Placement and was interviewed in Sep 2023. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - Video Call 

(3 Questions)

  • Q1. How your skills align with the role that you have applied?
  • Ans. Have you faced any challenge recently? How did you overcome it?
  • Answered Anonymously
  • Q2. What are your strengths?
  • Q3. What are your weaknesses?
Round 3 - Technical 

(3 Questions)

  • Q1. What is Enterprise value?
  • Ans. 

    Enterprise value is a measure of a company's total value, including its market capitalization, debt, and cash.

    • Enterprise value = Market capitalization + Total debt - Cash

    • It represents the total value of a company that would need to be paid by a buyer to acquire the entire business.

    • EV is used to compare the value of different companies, taking into account their debt levels and cash reserves.

    • It is a more comprehensive m...

  • Answered by AI
  • Q2. Why is Cash subtracted in Enterprise Value formula?
  • Ans. 

    Cash is subtracted in Enterprise Value formula to reflect the fact that it is a non-operating asset and can be used to pay off debt or fund operations.

    • Cash is considered a non-operating asset as it is not directly related to the core operations of the business.

    • By subtracting Cash from Enterprise Value, we are essentially adjusting the value to reflect the fact that Cash can be used to pay off debt or fund operations.

    • Th...

  • Answered by AI
  • Q3. What is difference between EV/Net Income and P/E ratio in relative valuation?
  • Ans. 

    EV/Net Income compares enterprise value to net income, while P/E ratio compares market price to earnings per share.

    • EV/Net Income considers the entire capital structure of a company, including debt and equity, while P/E ratio only considers the market price of equity.

    • EV/Net Income is a more comprehensive measure of valuation as it takes into account the company's debt levels, while P/E ratio is a simpler measure based o...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Be thorough with basics of finance and accounting.

Investment Banking Analyst Interview Questions Asked at Other Companies

Q1. What is Trade life cycle ?
Q2. Which is an important part in trade life cycle?
Q3. 1. Why IB 2. Why wacc is genearlly higher than terminal growth ra ... read more
Q4. What is difference between EV/Net Income and P/E ratio in relativ ... read more
asked in FactSet
Q5. General private equity funds Fund register Gp and Lp difference

Investment Banking Analyst Interview Questions & Answers

user image suchismita chaudhuri

posted on 24 Jun 2024

Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Video Call 

(1 Question)

  • Q1. What are your strengths and weaknesses?

I applied via Recruitment Consulltant and was interviewed in Mar 2022. There were 2 interview rounds.

Round 1 - One-on-one 

(1 Question)

  • Q1. 1. EV 2. Relative valuaion 3. Dcf 4. Link of 3 statement 5. Depreciation effect on ebit, ebitda, pat, cash
Round 2 - One-on-one 

(1 Question)

  • Q1. 1. Why IB 2. Why wacc is genearlly higher than terminal growth rate
  • Ans. 

    IB offers challenging work, high compensation, and opportunities for growth. WACC is higher than terminal growth rate due to risk and cost of capital.

    • IB offers intellectually stimulating work and high compensation

    • Opportunities for growth and advancement are abundant in IB

    • WACC is higher than terminal growth rate due to risk and cost of capital

    • WACC considers the cost of equity and debt, while terminal growth rate assumes...

  • Answered by AI

Interview Preparation Tips

Topics to prepare for Bank of America Investment Banking Analyst interview:
  • Financial modeling and valuation
Interview preparation tips for other job seekers - 1 Formula of EV
2 Trading nd transaction comp
3 Pepratuon of DCF
4 One pager and detailes Industry nd company analysis
5 Bloomberg function
6 Advance excel
7 FSA
8 How depreciation effect ebit, ebitda and net profit

Bank of America interview questions for designations

 Investment Banking

 (1)

 Credit Risk Analyst

 (1)

 Banking Relationship Manager

 (1)

 Financial Analyst

 (1)

 Analyst

 (7)

 Teller

 (3)

 Relationship Manager

 (2)

 Personal Banker

 (1)

I applied via Recruitment Consulltant and was interviewed in Jan 2022. There were 2 interview rounds.

Round 1 - One-on-one 

(1 Question)

  • Q1. Questions around financial statements, EV calculation and industry.
Round 2 - One-on-one 

(1 Question)

  • Q1. Testing finance knowledge, industry and inter-personal skills.

Interview Preparation Tips

Interview preparation tips for other job seekers - Suggest interviewee to prepare for questions around financial statements, basic accounting and financial modelling.

Interview questions from similar companies

Interview experience
1
Bad
Difficulty level
Moderate
Process Duration
More than 8 weeks
Result
Selected Selected

I applied via AmbitionBox and was interviewed in Jul 2024. There was 1 interview round.

Round 1 - One-on-one 

(5 Questions)

  • Q1. Can I do this work from home?
  • Q2. Can I will take study with job
  • Q3. CanIdo working4-8pm timing?
  • Q4. CanIdo this workfrom phone?
  • Q5. Please giveme a secure job

Interview Preparation Tips

Topics to prepare for HDFC Bank Investment Banking Analyst interview:
  • Encourage the people for online
Interview preparation tips for other job seekers - I will do this job from home as a part time work and I will continue the study with the job
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I was interviewed in Nov 2024.

Round 1 - One-on-one 

(5 Questions)

  • Q1. What's your current experience
  • Ans. 

    I have 5 years of experience in credit analysis and risk assessment in the banking industry.

    • 5 years of experience in credit analysis and risk assessment

    • Proficient in financial statement analysis

    • Strong understanding of credit risk management

    • Experience in evaluating loan applications and determining creditworthiness

    • Familiarity with regulatory requirements in the banking sector

  • Answered by AI
  • Q2. Did you achieved any goal in previous platform.
  • Ans. 

    Yes, I achieved a goal of increasing loan approval rate by 15% in my previous role.

    • Implemented new credit evaluation process to streamline decision-making

    • Provided training to team members on identifying creditworthy applicants

    • Collaborated with sales team to improve communication and documentation

    • Utilized data analytics to identify trends and make data-driven decisions

  • Answered by AI
  • Q3. Do you participate any bankingevents
  • Ans. 

    Yes, I actively participate in banking events to stay updated on industry trends and network with professionals.

    • I regularly attend banking conferences and seminars to learn about new regulations and technologies in the industry.

    • I have participated in workshops on credit risk management and financial analysis to enhance my skills and knowledge.

    • I am a member of a banking association where I attend networking events to co

  • Answered by AI
  • Q4. Are you suitable for appliedrole.
  • Ans. 

    Yes, I am suitable for the role of Credit Officer due to my strong financial background and experience in analyzing credit risk.

    • I have a degree in finance and have completed relevant courses in credit analysis.

    • I have previous experience working as a credit analyst, where I successfully assessed credit risk for various clients.

    • I am proficient in financial modeling and have a strong understanding of financial statements.

    • ...

  • Answered by AI
  • Q5. Tell about Equitas bank
  • Ans. 

    Equitas Small Finance Bank is a scheduled commercial bank in India focused on serving the financial needs of micro and small enterprises.

    • Equitas Small Finance Bank was established in 2007 as a microfinance institution before receiving a banking license in 2016.

    • The bank offers a range of financial products and services including savings accounts, fixed deposits, loans, and insurance.

    • Equitas Small Finance Bank has a stro...

  • Answered by AI
Round 2 - Group Discussion 

Discuss about financial risk and management

Interview Preparation Tips

Interview preparation tips for other job seekers - Explore your job role and gain knowledge.
Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
No response

I applied via Referral and was interviewed in Oct 2024. There was 1 interview round.

Round 1 - Technical 

(2 Questions)

  • Q1. Tell me about yourself
  • Q2. What are your strengths and weaknesses

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident and clear with your thoughts
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Approached by Company and was interviewed in Jul 2024. There was 1 interview round.

Round 1 - One-on-one 

(5 Questions)

  • Q1. What is the difference between OD and VC?
  • Q2. How you determine drawing power?
  • Q3. What is DLOD?
  • Q4. What is Leverage ratio?
  • Q5. Why do you what to switch job?
Interview experience
3
Average
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Naukri.com and was interviewed in Dec 2024. There were 2 interview rounds.

Round 1 - Aptitude Test 

Maths and reasoning questions

Round 2 - HR 

(3 Questions)

  • Q1. Finance related questions
  • Q2. Cibil related questions
  • Q3. About family background

Interview Preparation Tips

Interview preparation tips for other job seekers - For freshers company is good to improve skill and learning.

Bank of America Interview FAQs

How many rounds are there in Bank of America Investment Banking Analyst interview?
Bank of America interview process usually has 1-2 rounds. The most common rounds in the Bank of America interview process are One-on-one Round, Video Call and Resume Shortlist.
What are the top questions asked in Bank of America Investment Banking Analyst interview?

Some of the top questions asked at the Bank of America Investment Banking Analyst interview -

  1. 1. Why IB 2. Why wacc is genearlly higher than terminal growth r...read more
  2. What is difference between EV/Net Income and P/E ratio in relative valuati...read more
  3. Why is Cash subtracted in Enterprise Value formu...read more

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Bank of America Investment Banking Analyst Interview Process

based on 3 interviews

Interview experience

4.3
  
Good
View more
Bank of America Investment Banking Analyst Salary
based on 162 salaries
₹12.5 L/yr - ₹26 L/yr
36% more than the average Investment Banking Analyst Salary in India
View more details

Bank of America Investment Banking Analyst Reviews and Ratings

based on 5 reviews

3.4/5

Rating in categories

3.2

Skill development

3.0

Work-life balance

3.0

Salary

4.6

Job security

3.3

Company culture

2.9

Promotions

3.2

Work satisfaction

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