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Bank of America Summer Associate Interview Questions and Answers

Updated 10 Jan 2024

Bank of America Summer Associate Interview Experiences

1 interview found

Interview experience
3
Average
Difficulty level
-
Process Duration
-
Result
-

I was interviewed in Dec 2023.

Round 1 - Technical 

(1 Question)

  • Q1. Tell me about a time you approached confidentiality

Interview questions from similar companies

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

(1 Question)

  • Q1. Why this position in this area?

Interview Preparation Tips

Interview preparation tips for other job seekers - Online interview, pretty technical and stressful
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Referral and was interviewed in Oct 2024. There were 2 interview rounds.

Round 1 - One-on-one 

(2 Questions)

  • Q1. How do you keep up with multiple deadlines
  • Ans. 

    I prioritize tasks, use a calendar, break down tasks into smaller steps, and communicate with team members.

    • Prioritize tasks based on deadlines and importance

    • Use a calendar or task management tool to track deadlines

    • Break down tasks into smaller steps to manage time effectively

    • Communicate with team members to coordinate deadlines and workload

  • Answered by AI
  • Q2. Tell me about yourself
  • Ans. 

    I am a motivated and detail-oriented individual with a strong background in finance and a passion for problem-solving.

    • Graduated with a degree in Finance from XYZ University

    • Completed internships at ABC Investment Bank and DEF Consulting firm

    • Proficient in financial modeling and analysis

    • Strong communication and teamwork skills

    • Passionate about finding innovative solutions to complex problems

  • Answered by AI
Round 2 - One-on-one 

(2 Questions)

  • Q1. What is happening in the markets
  • Ans. 

    The markets are currently experiencing volatility due to global economic uncertainty and geopolitical tensions.

    • Global economic uncertainty, such as trade tensions between US and China, Brexit negotiations, and slowing growth in major economies

    • Geopolitical tensions, including conflicts in the Middle East and North Korea's nuclear program

    • Market reactions to central bank policies and interest rate changes

    • Impact of COVID-1

  • Answered by AI
  • Q2. What do you know about our team
  • Ans. 

    Our team is known for its diverse expertise in various practice areas and strong collaborative culture.

    • Diverse expertise in various practice areas

    • Strong collaborative culture

    • Known for delivering high-quality work efficiently

  • Answered by AI

Interview Preparation Tips

Round: Technical Interview
Experience: Technical on paper test questions:(dis was only for 12 among d 26 shortlisted ppl after apti...others directly had interviews)
5 wer selected in this test who wer nw sent for interviews
TECHNICAL INTERVIEW: (pls list the questions asked in all the rounds)
26 shortlisted after apti (14 directly for interviews & 12 had one more technical on paper test...mentioned above)
der wer min 2 technical rounds for each of them...max were 5

- You are given course dependencies
A->B,C
B->D
C->A
D->nothing
The above dependencies mean...if you want to take course A...you should take courses B and C first....To take B,Course D must be taken first....D is an independent course and can be taken without any prior requirements.
Now you are told these dependencies.Come up with an appropriate data structure to represent these dependencies.Then write a code that finds out all the courses that the student can take up...in this case the student can first take course D because its independent.Now that course D has been taken he can next take up B as it depends on B alone...But the courses A and C can never be taken because they depend on each other...So here all the courses that can be taken are B and D.
After i wrote the code....he asked for all possible test cases
-Given an array of length N....It can be filled with nos. only from 1 to N....find which nos are repeated in the array
-Given pointers to two nodes in a binary tree....find their least common ancestor...each node has pointer to only the parent node...not the left and right child..
-In a binary tree(Not necessarily a BST)...suppose the weight of any node is defined as the product of the key value of the node and the level of the node(Root at level 1)...find the node with maximum weight in the binary tree
-A sorted array of size n is right circularly rotated k times and this rotated array is given to you as input...Find out the value of k in log n time .
-There are some processes running at time T....and there are processes running at time T+30.
You have to find out
1)Which processes died at time T+30,which were alive at time T
2)Which are the new processes at time T+30,which were not there at time T
3)Which are the processes that were there at time T and are still running at time T+30
What data structure will you use to represent the process lists and write code to find out the answers to the 3 questions above
-Given a binary search tree...and a target sum...starting at the root...which all paths add up to the target sum?...if there are multiple paths....return the path with least no. of nodes.


College Name: Veermata Jijabai Technological Institute, Mumbai [ VJTI ]

I applied via Campus Placement

Interview Questionnaire 

2 Questions

  • Q1. Why this specific profile? (analyst)
  • Ans. 

    I am passionate about analyzing data and deriving insights to drive strategic decision-making.

    • I have a strong background in data analysis and statistics.

    • I enjoy problem-solving and finding patterns in data.

    • I believe that my analytical skills can add value to the organization by providing actionable insights.

    • I have experience using various analytical tools such as Excel, SQL, and Tableau.

    • I am detail-oriented and thrive

  • Answered by AI
  • Q2. Why finance?
  • Ans. 

    Passion for analyzing data and making informed financial decisions.

    • I have always been fascinated by numbers and analyzing trends.

    • I enjoy the challenge of making sense of complex financial data.

    • I believe finance plays a crucial role in driving business success and growth.

    • I am motivated by the opportunity to help companies make informed financial decisions.

    • I find satisfaction in using data to identify opportunities for i

  • Answered by AI

Interview Preparation Tips

Round: Case Study Interview
Experience: Q: Give me five steps to estimate the number of traffic lights in Bombay.
Me: I will divide the city into equidistant lines, both vertical and horizontal; sort of a mesh. Then I would take vertical and horizontal rectangles i.e. the rectangles which fall on length and breadth of the city. Starting with the horizontal ones I would try to estimate the number of roads going from east to west in each rectangle(depending on the type of area: residential, commercial or a highway) Similarly I would try to estimate the number of roads going from north to south in each vertical rectangle. Now I have the average number of roads per unit length and per unit breadth. Now, I can calculate the average number of roads intersecting per rectangle. Now if I have the data, I can also use the traffic density data to further improve my estimate, i.e. whether the traffic light is required in that rectangle or not.(depending upon the traffic density)
Q: Lets say that golden quadrilateral gets completed tomorrow. What would be its impact on the sales of Ashok Leyland?
Me: Sir, they would increase, as more and more traffic will shift from railways to roadways as the average time taken by road will decrease.
Q: If I say that the sales will decreases by road, the truk will make the same number of trips in less amount of time, thereby rendering overcapacity in the road transport market therefore the sales will decrease.
Me: (I actually didn't let him complete, I interrupted him in between and said that I got the logic)
Tips: Don't try to overstate the facts.

Skills:
Duration: 3
College Name: IIM Lucknow

Interview Questionnaire 

11 Questions

  • Q1. What is the difference between multi tasking, multi processing and multi programming operating systems with examples ?
  • Ans. 

    Multi tasking, multi processing, and multi programming are different approaches to managing tasks in an operating system.

    • Multi tasking allows multiple tasks to run concurrently on a single processor.

    • Multi processing involves multiple processors running tasks simultaneously.

    • Multi programming allows multiple programs to be loaded into memory and executed concurrently.

    • Examples of multi tasking operating systems include Wi...

  • Answered by AI
  • Q2. Tell me about memory allocation (stack vs. heap)?
  • Ans. 

    Memory allocation refers to the process of assigning memory to programs during runtime.

    • Stack allocation is done automatically and is limited in size.

    • Heap allocation is done manually and is larger in size.

    • Stack memory is used for local variables and function calls.

    • Heap memory is used for dynamic memory allocation.

    • Memory leaks can occur if heap memory is not properly managed.

  • Answered by AI
  • Q3. You have two threads one printing even numbers in order and other odd numbers. Design an algorithm so that it prints numbers in natural order?
  • Ans. 

    Use a shared variable and synchronization mechanisms to ensure natural order printing of numbers.

    • Create two threads, one for printing even numbers and the other for printing odd numbers.

    • Use a shared variable to keep track of the current number to be printed.

    • Implement synchronization mechanisms like locks or semaphores to ensure only one thread can access the shared variable at a time.

    • Each thread should check if it is i...

  • Answered by AI
  • Q4. Print a matrix in spiral order?
  • Ans. 

    Printing a matrix in spiral order

    • Start from the first element and print it

    • Move in a spiral order towards the center of the matrix

    • Repeat until all elements are printed

  • Answered by AI
  • Q5. Thread class and Runnable Interface?
  • Ans. 

    Thread class and Runnable Interface are used for multithreading in Java.

    • Thread class is a predefined class in Java that provides methods to create and control threads.

    • Runnable interface is used to define a task that can be executed by a thread.

    • Thread class implements Runnable interface.

    • Thread class provides more control over threads than Runnable interface.

    • Example: Thread t = new Thread(new MyRunnable()); t.start();

    • Exa...

  • Answered by AI
  • Q6. What’s the difference between a Linked List and an ArrayList and give me an example of when to use which?
  • Ans. 

    Linked List is a dynamic data structure while ArrayList is a static data structure.

    • Linked List is best for frequent insertion and deletion operations.

    • ArrayList is best for frequent access operations.

    • Linked List uses more memory than ArrayList.

    • ArrayList is faster than Linked List for accessing elements.

    • Use Linked List when you need to frequently add or remove elements from the list.

    • Use ArrayList when you need to frequen

  • Answered by AI
  • Q7. Questions of OS concepts?
  • Q8. A role play scenario was given. With a clear instruction on I don’t need to know the basis and the hypothetical assumption was presented. I was told that I was expected to respond to the given scenario, in...
  • Q9. Why are you interested in a career in investment banking?
  • Ans. 

    I am not interested in a career in investment banking.

    • I am more interested in a career in software development

    • I enjoy problem-solving and creating innovative solutions through coding

    • Investment banking does not align with my passion and skill set

  • Answered by AI
  • Q10. Why have you chosen to apply to J.P. Morgan?
  • Ans. 

    I have chosen to apply to J.P. Morgan because of their reputation, global presence, and opportunities for growth.

    • J.P. Morgan has a strong reputation in the financial industry.

    • They have a global presence with offices in multiple countries.

    • The company offers various opportunities for career growth and development.

    • J.P. Morgan is known for its innovative technology solutions in the financial sector.

    • I am impressed by their ...

  • Answered by AI
  • Q11. Have you ever made a mistake? Tell us about it?
  • Ans. 

    Yes, I have made a mistake in my previous project.

    • I underestimated the complexity of a task and ended up missing the deadline.

    • I failed to properly test a feature, resulting in a bug that affected user experience.

    • I accidentally deleted an important file without having a backup.

    • I misunderstood a requirement and implemented a feature incorrectly.

  • Answered by AI

Interview Preparation Tips

Round: Test
Total Questions: 1

General Tips: Interview Process: Aptitude test, followed by 3 rounds of interview. Interview process was very good. Just be positive to clear the interview.
Check this link before appearing for interview with JP Morgan. It will help  -----
Skills: Algorithm, Data structure, Stack
College Name: Na

Skills evaluated in this interview

Analyst Interview Questions & Answers

UBS user image Anonymous

posted on 19 Jan 2015

Interview Questionnaire 

2 Questions

  • Q1. Questions about career goals, interests and future prospects
  • Q2. Firm-related questions

Interview Preparation Tips

Round: HR Interview
Experience: 1. At First, I missed the Credit Suisse GD since I hadn’t brought along a portfolio manager (one who handles your interview schedule and attends to the ever-ringing mobile phone).
2. I proceeded to Credit Suisse, and requested their HR contact to give me a chance since I could not turn up for the GDs.
3. It was here that I handed over my mobile phone to my friend Apratim Tiwari, who was managing the Credit Suisse procedures, and requested him to pursue the HR guy to schedule an interview, and also handle my phone when I was interviewing and he had successfully managed to get me an interview with Credit Suisse.
4. The interview went well. They were apparently quite impressed.
5. Two more rounds of interviews, and the HR guy made me an offer.
6. But, since Deutsche Bank was my dream company, I was also interviewing with them and got selected.
Tips: You would need to focus on three broad areas for a comprehensive preparation:
(a) HR questions: This is the most important part for any interview. In companies like DB, your communication skills coupled with your preparation of such questions account for more than 70% of a candidate’s selection. Answering questions about your career goals, interests, and your career thus far should become second nature by the end of November. You must also know the firms and job profiles inside out. I worked on this specific area, and by the end of the placement session, I had gained a reputation among my wingies for my expertise at answering HR questions.
(b) Puzzles: Since this is a non-core sector, puzzles are the only way to objectively test the ability of candidates with diverse backgrounds. Look up braingle.com and techinterview.org. These two should suffice. Also, whenever you come across a puzzle that you’ve already encountered, pretend as if you’re going through it for the first time. Don’t rush through. This is your opportunity to impress them. Do not squander it away!
(c) Finance and economic affairs: If you have a comprehensive knowledge of the financial markets, national economy, and international affairs, in addition to the above two, it is highly improbable that you won’t be selected. For brushing up these, read the Economist (print or online), and read through the opinion pages of Economic Times or the Business Standard for 2-3 months leading to the Placement season. You must also regularly read a newspaper like the Hindu or Indian Express to keep yourself abreast of the latest events which frequently become a focal point of group discussions (for Credit Suisse). You CANNOT afford to walk into the interview ignorant of terms like European debt crisis, global financial crisis, fiscal cliff, QE, and basic finance like options, hedging etc. Wikipedia, Investopedia and J.C.Hull (first few chapters) are great sources to pick up these.

General Tips: 1. If you are a B.Tech. student, do not be under the wrong impression that you can target all sectors- core as well as non-core. It is really difficult to prepare comprehensively for all companies, especially if you are in the B.Tech. program owing to time constraints.
2. The Dual degree students have an edge over you for precisely two reasons. Firstly, they get more time to prepare for the placements, and have learnt vicariously from their B.Tech. batchmates' experiences. Secondly, they tend to have higher retention rates (good for the companies).
3. Work on your English communication skills which are crucial for performing well in interviews and GDs.
Let neither of these become an obstacle by leaving no stone unturned in the course of your preparations.
4. You can’t appear for more than 4 companies in the first slot. It is not realistic. Hence, decide beforehand. I knew I hadn’t prepared enough for consulting or core, hence I opted out of ITC and Opera.
5. If you are shortlisted in multiple companies, ask a reliable friend to accompany you to the interviews, and handle your mobile phone (“managing one’s portfolio”). You’ll thank me someday for this advice.
6. I was happy that I prepared as much as I did, neglecting my college academics in the process. It is a decision I am proud of.
7. My Morgan Stanley internship distinguished me from scores of other candidates. I had never truly appreciated its importance till then. That also goes to show how important it is to get a good internship.
Skill Tips: 1. I scored a 100 percentile in CAT and the preparation made a huge impact on preparing for any of the interviews.
2. I also interned at Morgan Stanley which was further a plus for me.
3. I had received Honda YES Award, University of Tokyo-IIT Scholarship and my academic background was quite good.
Skills: Problem solving skills, Finance Basics, Basic HR questions, Economic affairs
College Name: IIT KANPUR

I was interviewed in Dec 2016.

Interview Questionnaire 

8 Questions

  • Q1. Question related to projects mentioned in CV.
  • Q2. Question related to Database Management.
  • Q3. Given a web portal that is running slow, how would you debug the solution for that? Answer stepwise.
  • Ans. 

    Debugging steps for a slow web portal

    • Check server load and resource usage

    • Analyze network traffic and latency

    • Review code for inefficiencies and optimize

    • Use profiling tools to identify bottlenecks

    • Consider caching and content delivery networks

    • Test and monitor performance after changes

  • Answered by AI
  • Q4. Generally we store data in normalised form, but it makes it slow to run any queries. How would you make the queries run faster?
  • Ans. 

    Denormalization, indexing, caching, and partitioning can improve query performance.

    • Denormalize the data to reduce the number of joins required for queries.

    • Create indexes on frequently queried columns to speed up search.

    • Cache frequently accessed data in memory to avoid disk reads.

    • Partition large tables into smaller ones to reduce the amount of data that needs to be scanned.

    • Use query optimization techniques like query re...

  • Answered by AI
  • Q5. Write a sorting algorithm in detail.
  • Ans. 

    Sorting algorithm organizes data in a specific order.

    • Choose a sorting algorithm based on the data size and type.

    • Common sorting algorithms include bubble sort, insertion sort, and quicksort.

    • Implement the chosen algorithm in code.

    • Test the algorithm with sample data to ensure it sorts correctly.

  • Answered by AI
  • Q6. Who or what inspires you the most?
  • Ans. 

    My parents inspire me the most.

    • Their hard work and dedication to providing for our family motivates me to work hard.

    • Their unwavering support and encouragement has helped me overcome challenges.

    • Their values and principles have shaped me into the person I am today.

    • Seeing their sacrifices and selflessness inspires me to be a better person.

  • Answered by AI
  • Q7. What are the qualities of a leader?
  • Ans. 

    A leader should possess qualities like vision, communication, empathy, integrity, and adaptability.

    • Vision: Ability to see the big picture and set goals accordingly

    • Communication: Ability to convey ideas clearly and listen actively

    • Empathy: Ability to understand and relate to others' emotions and perspectives

    • Integrity: Consistency in values, actions, and decisions

    • Adaptability: Ability to adjust to changing circumstances a

  • Answered by AI
  • Q8. Why Morgan Stanley?
  • Ans. 

    Morgan Stanley is a top-tier investment bank with a strong reputation for excellence and innovation.

    • Morgan Stanley has a long history of success in the financial industry

    • The company is known for its innovative approach to investment banking

    • Morgan Stanley has a global presence and offers a wide range of services to clients

    • The firm has a strong commitment to diversity and inclusion

    • Morgan Stanley is a great place to work

  • Answered by AI

Interview Preparation Tips

Round: Technical Interview
Experience: The interviewer asked questions based upon CV. He first made me adjust to the environment and then started the serious questions realted to technical stuff.
Tips: Never lie about any subject you don't really know. Keep a particular topic strong, in my case it was Database Management. Have good problem solving skills, if not efficient but at least a good solution.

Round: Technical Interview
Experience: The round consisted of technical questions based on my analysis of the first round. Consisted of higher levele questions related to my topics of my expertise.
Tips: Be ready for any spontaneous questions. Explain whatever comes to your mind instead of quietly thinking. Be communicative and confident. They don't care about the syntax but rather the logical thinking.

Round: HR Interview
Experience: Just be communicative. Since you've qualified till the HR interview, you are almost confirmed for their position. They checked if I could handle pressure or not. They tried to know if they could give me more responsibilities in the near future or not.
Tips: Be confident and don't hesitate to answer. Express what you feel genuinely. Show that you are a responsible guy.

College Name: IIT Varanasi

Skills evaluated in this interview

I was interviewed in Dec 2016.

Interview Preparation Tips

Round: Resume Shortlist
Experience: For CSE and EE students , CPI was not at all seem to be a criteria for shortlisting and almost all who have a decent profile got shortlisted for the test. However, for other department students they shortlisted above 9 CPI students.

Round: Test
Experience: It was a 2 hour test. It consisted of 3 sections-Quant , Machine Learning and Computer Science . Each section had 10 questions and 45 minutes were allotted for each section.
Being from non-CSE background I attempted only 2 sections ie. Quant and Machine Learning. Machine Learning section was fairly easy this time and almost all questions were standard. If someone has done an introductory course on Machine Learning and basic stats , this section was a cake walk for him. However , attempting quant section required some preparation of solving probability puzzles (computing expectations etc.) ,basic linear algebra and geometry base questions.
Duration: 2 hours

Round: Technical Interview
Experience: I had 2 rounds of interview. Both were technical ones.
In the first interview , they asked some probability puzzles (from 50 challenging problems in probability book) . Since I had completed that book before , I was able to solve them . Then they asked 1-2 algorithm based questions like formulate an efficient algorithm for solving a particular problem. I was not able to solve them completely but tried to give them the overview of y approach. The interviewer didn't seem to be satisfied though. It lasted for around 20-25 minutes.He told me to wait outside . To my surprise, I was called for the 2nd round.
The second went better than the first round. They again asked questions on computing probability , expectations , constructing a Markov Chain for a a given problem etc. Since I had done 1 course in Fiance also , he asked me questions from it also which were quite easy. Then he began asking algorithms and asked me to explain a sorting algorithm and I chose Quick Sort. While explaining it , I got struck at one point but the interviewer was helping me by giving hints and I was able to explain it fully. The second round was quite exhaustive as it went on for around 45-60 minutes.

Skills: Problem Solving Abilties, Mathematical Aptitude, Algorithmic Approach To Problem Solving, Machine Learning, Statistical Method Basics
College Name: IIT Kanpur

Analyst Interview Questions & Answers

Morgan Stanley user image Deepak Kumar Thakur

posted on 5 Dec 2015

I applied via Walk-in

Interview Questionnaire 

1 Question

  • Q1. Finance related questions

Interview Preparation Tips

Round: Technical Interview
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: They will give you required training
Skills: Finance
College Name: IIM Bangalore
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Bank of America Interview FAQs

How many rounds are there in Bank of America Summer Associate interview?
Bank of America interview process usually has 1 rounds. The most common rounds in the Bank of America interview process are Technical.

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