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Bank of America Summer Intern Analyst Interview Questions and Answers
Bank of America Summer Intern Analyst Interview Experiences
1 interview found
Anonymous
Hirevue on beha questions
(2 Questions)
- Q1. Why bofa and why ibd
- Q2. Previous intern experiences feedback
Interview questions from similar companies
Selected
I was interviewed in May 2024.
(2 Questions)
- Q1. Tell me about yourself
- Ans.
I am a motivated and hardworking student with a passion for learning and gaining practical experience in the field of [specific field].
Currently pursuing a degree in [specific field]
Completed relevant coursework in [specific area]
Previous internship experience at [company] where I gained skills in [relevant skills]
- Q2. Cv related projects
Selected
I applied via Campus Placement and was interviewed before May 2023. There were 2 interview rounds.
30 MCQ questions and 2 coding question
(2 Questions)
- Q1. Questions related to DBMS sql queries oops and java was asked.
- Q2. Resume based questions , project questions.
Interview Preparation Tips
Selected
I applied via Campus Placement and was interviewed in Nov 2022. There were 4 interview rounds.
It was a Pymetrics test followed by MCQ situation based questions
It was Coding round of 2 Questions on Hackerrank
(1 Question)
- Q1. Questions on Binary trees ,2-D DP and Linked List
(1 Question)
- Q1. Why standard chartered
Interview Preparation Tips
- Data Structures
- Algorithms
Selected
I applied via Campus Placement and was interviewed before Mar 2022. There were 2 interview rounds.
(3 Questions)
- Q1. What are types of bank accounts?
- Ans.
Bank accounts can be classified into various types based on their features and usage.
Savings account - for individuals to save money and earn interest
Current account - for businesses to carry out transactions
Fixed deposit account - for long-term savings with higher interest rates
Recurring deposit account - for regular savings with fixed monthly deposits
NRI account - for non-resident Indians to manage their finances in ...
- Q2. Name different types of loans? how has digitalisation helped banks and consumers?
- Ans.
Types of loans include personal, home, auto, student, and business loans. Digitalisation has made banking more convenient and accessible for consumers.
Personal loans are unsecured loans for personal expenses
Home loans are used to purchase or refinance a home
Auto loans are used to purchase a vehicle
Student loans are used to pay for education expenses
Business loans are used to finance business operations
Digitalisation ha...
- Q3. What is the purpose of sensex and nefti? how many blue chip companies are listed with them?
- Ans.
Sensex and Nifty are stock market indices in India that track the performance of top companies listed on the stock exchange.
Sensex and Nifty are used as a benchmark to measure the performance of the Indian stock market.
Sensex is calculated based on the market capitalization of 30 top companies listed on the Bombay Stock Exchange (BSE).
Nifty is calculated based on the market capitalization of 50 top companies listed on ...
Interview Preparation Tips
- types of banks
- Bank Accounting
- type of loans
- Digital Marketing
- different rate of interest
try giving quality answers
do not exaggerate your answers
do not guess, accept it when you don't know the answers
I applied via Campus Placement and was interviewed before Apr 2021. There was 1 interview round.
(2 Questions)
- Q1. Tell me about your summer internship in UG
- Q2. Explain different types of retail loans
- Ans.
Retail loans are loans given to individuals for personal use. There are different types of retail loans based on the purpose of the loan.
Home loans - for purchasing or constructing a house
Vehicle loans - for purchasing a car or bike
Personal loans - for any personal expenses like medical bills, travel, etc.
Education loans - for funding education expenses
Gold loans - for taking a loan against gold as collateral
Consumer d...
Interview Preparation Tips
I applied via Campus Placement and was interviewed before Apr 2020. There were 3 interview rounds.
Interview Questionnaire
2 Questions
- Q1. Resume Explanation
- Q2. Details about IDFC BAK like CEO Name and Branch location
Interview Preparation Tips
I was interviewed in Mar 2017.
Interview Preparation Tips
Experience: A time of 30 minutes was given to discuss about the topic. Each participant was given a company which is to be represented. The participants discussed about the topic in 25 minutes and concluded in last 5 minutes
Tips: Read the problem statement carefully and analyze it accordingly
Round: Problem Statement
Experience: A time of 30 minutes was given to discuss about the topic. Each participant was given a company which is to be represented. The participants discussed about the topic in 25 minutes and concluded in last 5 minutes
Tips: Read the problem statement carefully and analyze it accordingly
Round: Problem Statement
Experience: A case study was given in a team of 2. 15 minutes were given to prepare a solution for the same and in the next 15 minutes, the solution was to be presented to the panel.
Tips: Look for the efficient solution of the problem and present it to the panel by good explanation. Make use of white board also.
Skills: Programming, Softwarw development, Aptitude, Behavioural Skills, Presentation Skills
I was interviewed in May 2017.
Interview Questionnaire
3 Questions
- Q1. What will you do to increase the reach of digital banking products of SBI using different marketing tools.
- Ans.
To increase reach of SBI's digital banking products, I will use various marketing tools such as social media, email marketing, and targeted advertising.
Create engaging social media content to showcase the benefits of digital banking
Send personalized email campaigns to existing customers promoting digital banking products
Utilize targeted advertising on platforms such as Google and Facebook to reach potential customers
Pa...
- Q2. What is the difference between marketing and selling?
- Ans.
Marketing is the process of creating awareness and generating interest in a product or service, while selling is the act of directly exchanging goods or services for money.
Marketing focuses on creating a demand for a product or service through various strategies such as advertising, public relations, and market research.
Selling involves the actual transaction between the seller and the buyer, where the seller persuades...
- Q3. What is the people's perception of SBI?
- Ans.
SBI is perceived as a reliable and trustworthy bank with a wide reach and diverse range of services.
SBI is considered one of the largest and oldest banks in India.
It has a strong presence in both urban and rural areas, making it accessible to a large population.
The bank offers various financial products and services, including savings accounts, loans, and investment options.
SBI has a reputation for stability and securi...
Interview Preparation Tips
Tips: Cover all the basics of marketing and read in detail about SBI.
Skills: Marketing
College Name: University Of Hyderabad (UOH)
Skills evaluated in this interview
I applied via Campus Placement and was interviewed before May 2020. There were 3 interview rounds.
Interview Questionnaire
3 Questions
- Q1. Tell Me About Yourself.?
- Q2. Why have you color your hair.?
- Q3. What is Your Biggest Hurdle.?
Interview Preparation Tips
Don't argue and never lie
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Bank of America Summer Intern Analyst Reviews and Ratings
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Team Lead
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|  ₹5.6 L/yr - ₹16 L/yr |
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Team Developer
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| ₹2.4 L/yr - ₹10.8 L/yr |
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