Bank of America Senior Associate Interview Questions and Answers

Skill development is crucial for career growth and personal advancement.

• Continuous learning and upskilling are essential for staying competitive in the job market.

• Seek out opportunities for training, workshops, and certifications to enhance your skills.

• Practice and apply new skills in real-world scenarios to solidify your understanding and proficiency.

• Feedback and mentorship can help identify areas for improvement and

Black-Scholes model is a mathematical model used to calculate the theoretical price of European-style options.

• Developed by Fischer Black, Myron Scholes, and Robert Merton in 1973

• Assumes stock prices follow a lognormal distribution

• Factors in the option's strike price, time to expiration, risk-free interest rate, and volatility of the underlying asset

• Helps in determining the fair value of options and other derivatives

• Use...read more

Load balancing techniques distribute incoming network traffic across multiple servers to ensure no single server is overwhelmed.

• Round Robin: Distributes requests evenly among servers in a circular manner.

• Least Connections: Sends requests to the server with the fewest active connections.

• IP Hash: Uses a hash of the client's IP address to determine which server to send the request to.

• Weighted Round Robin: Assigns a weight...read more

Design a trading system for buying and selling stocks

• Define the criteria for selecting stocks to buy/sell

• Implement risk management strategies to protect against losses

• Set up automated trading algorithms to execute trades based on predefined rules

• Monitor market trends and adjust trading strategies accordingly

Designing high volume data intensive applications involves optimizing data storage, retrieval, and processing for large amounts of data.

• Utilize distributed computing frameworks like Hadoop or Spark for processing large datasets

• Implement data partitioning and sharding to distribute data across multiple servers for scalability

• Use caching mechanisms to reduce latency in data retrieval

• Optimize database queries and indexes ...read more