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Bank of America Team Developer Interview Questions, Process, and Tips

Updated 30 Aug 2024

Top Bank of America Team Developer Interview Questions and Answers

Bank of America Team Developer Interview Experiences

9 interviews found

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

(1 Question)

  • Q1. Explain what is premium in options contract
  • Ans. 

    Premium in options contract is the price paid by the buyer to the seller for the right to buy or sell the underlying asset at a specified price.

    • Premium is determined by factors such as the current price of the underlying asset, the strike price, the time until expiration, and market volatility.

    • The premium is paid upfront by the buyer and is the maximum amount they can lose on the trade.

    • For example, if a call option has...

  • Answered by AI
Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Do not use an unprofessional email address such as cool_boy@email.com. It shows a lack of professionalism by the candidate.
View all tips
Round 2 - One-on-one 

(4 Questions)

  • Q1. Excellent One-0n-one Round.
  • Q2. Skills related Questions.
  • Q3. Personal related Questions.
  • Q4. Regarding about Process.
Round 3 - One-on-one 

(1 Question)

  • Q1. All about Technical and Personal Information.

Interview Preparation Tips

Interview preparation tips for other job seekers - Excellent and Friendly Place to Work.

Team Developer Interview Questions Asked at Other Companies

Q1. Explain what is premium in options contract
Q2. Is it possible to work for 9 hours?
Q3. Q2/Q3 financial results of bank of America
Q4. How can we prevent Buyin risk?
Q5. How to prevent failingof trades??
Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(2 Questions)

  • Q1. Tell me about yourself
  • Q2. What is portfolio performance metric
  • Ans. 

    Portfolio performance metric is a measure used to evaluate the returns generated by an investment portfolio.

    • It helps investors assess the success of their investment strategies.

    • Common metrics include return on investment (ROI), Sharpe ratio, and alpha.

    • It compares the performance of the portfolio to a benchmark or target.

    • Higher performance metrics indicate better returns relative to the benchmark.

    • It is important for inv...

  • Answered by AI
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
-
Result
No response

I applied via Naukri.com and was interviewed in Apr 2024. There was 1 interview round.

Round 1 - One-on-one 

(1 Question)

  • Q1. How flexible with night shift?

Bank of America interview questions for designations

 Team Member

 (16)

 Team Lead

 (7)

 Team Manager

 (2)

 Team Associate

 (1)

 Team Member/Team Leader

 (1)

 Senior Team Member

 (6)

 Acting Team Leader

 (1)

 Team Mambar

 (1)

Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Naukri.com and was interviewed in Feb 2023. There were 5 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Double-check your resume for any spelling mistakes. The recruiter may consider spelling mistakes as careless behavior or poor communication skills.
View all tips
Round 2 - Aptitude Test 

Basic question like grammar aptitude.

Round 3 - Typing Test 

(2 Questions)

  • Q1. 40 words per minute is required to pass the test
  • Q2. Test was in companies own application
Round 4 - One-on-one 

(2 Questions)

  • Q1. One on one round with operators manager
  • Q2. Basic question related to previous work and job role
Round 5 - One-on-one 

(2 Questions)

  • Q1. One on one round with VP of the project
  • Q2. Detailed questions related to current job role and responsibilities

Interview Preparation Tips

Interview preparation tips for other job seekers - Be very sure about the salary hike you want and do negotiate. The company have Work life balance and people do appreciate you with the hard work you do.
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Approached by Company and was interviewed before Jul 2023. There were 2 interview rounds.

Round 1 - HR 

(2 Questions)

  • Q1. Educational qualification
  • Q2. General Domain question
Round 2 - One-on-one 

(2 Questions)

  • Q1. Technical questions
  • Q2. Past experience

Team Developer Jobs at Bank of America

View all
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
2-4 weeks
Result
Selected Selected

I applied via Recruitment Consulltant and was interviewed before Feb 2022. There were 2 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 - One-on-one 

(2 Questions)

  • Q1. What is trade life cycle Rolling settlement How to manage the fails trade How your day looks like Family background Where do you see in 5 years Why are you leaving the current organization What are your st...
  • Q2. Current profile grilling

Interview Preparation Tips

Interview preparation tips for other job seekers - Learn trade life cycle throughly and do some certification related to securities opearations

I applied via Referral and was interviewed in Dec 2021. There were 2 interview rounds.

Interview Questionnaire 

3 Questions

  • Q1. What's Trafe life cycle?
  • Ans. 

    The trade life cycle refers to the various stages involved in a trade, from initiation to settlement.

    • The trade life cycle typically includes stages such as trade initiation, trade execution, trade confirmation, trade settlement, and post-trade activities.

    • During trade initiation, the parties involved negotiate and agree on the terms of the trade.

    • Trade execution involves the actual buying or selling of the financial inst...

  • Answered by AI
  • Q2. How can we prevent Buyin risk?
  • Ans. 

    Buyin risk can be prevented by ensuring clear communication, involving stakeholders, and addressing concerns.

    • Establish clear communication channels to ensure everyone is on the same page

    • Involve stakeholders in the decision-making process to gain their support

    • Address concerns and objections raised by team members or stakeholders

    • Provide regular updates and progress reports to maintain transparency

    • Seek feedback and active...

  • Answered by AI
  • Q3. How to prevent failingof trades??
  • Ans. 

    To prevent failing of trades, one can use risk management strategies, conduct thorough research, set stop-loss orders, and stay updated on market trends.

    • Implement risk management strategies to limit potential losses

    • Conduct thorough research and analysis before making trades

    • Set stop-loss orders to automatically exit a trade if it reaches a certain loss threshold

    • Stay updated on market trends and news that may impact trad

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Read Trade life cycle very well, Enhance excel and Microsoft office skills.

I applied via Referral and was interviewed in Mar 2021. There were 3 interview rounds.

Interview Questionnaire 

3 Questions

  • Q1. About previous work experience
  • Q2. Basic question about yourself
  • Q3. About Previous company

Interview Preparation Tips

Interview preparation tips for other job seekers - Prepare about profile, work experience and about current work profile

Interview questions from similar companies

Interview Questionnaire 

11 Questions

  • Q1. Put in +,-,*,/ between the digits 3,3,8,8 (in any order ) such that the result was 24
  • Q2. If an ant had to travel along the walls, what is the minimum distance between the opposite ends of a cuboid?
  • Ans. 

    The minimum distance between opposite ends of a cuboid is the length of the diagonal of the cuboid.

    • To find the diagonal, use the Pythagorean theorem: diagonal = sqrt(length^2 + width^2 + height^2)

    • The length, width, and height of the cuboid must be known to calculate the diagonal

    • The ant can travel along any of the three pairs of opposite walls, so the minimum distance is the shortest diagonal

    • Example: A cuboid with lengt...

  • Answered by AI
  • Q3. Why do you wish to work in the finance sector?
  • Ans. 

    I wish to work in the finance sector because of my interest in financial markets and my desire to help individuals and businesses make informed financial decisions.

    • I have a strong passion for finance and economics

    • I enjoy analyzing financial data and making informed decisions

    • I want to help individuals and businesses make informed financial decisions

    • I am interested in the constantly evolving financial markets

    • I believe th...

  • Answered by AI
  • Q4. Why Deutsche Bank?
  • Ans. 

    Deutsche Bank is a leading global investment bank with a strong reputation and diverse range of services.

    • Deutsche Bank has a strong reputation in the industry

    • It offers a diverse range of services including investment banking, wealth management, and retail banking

    • The bank has a global presence with operations in over 70 countries

    • Deutsche Bank has a commitment to sustainability and social responsibility

    • It has a strong fo

  • Answered by AI
  • Q5. Why should we hire you?
  • Ans. 

    I have the skills, experience, and passion to excel in this role.

    • I have a proven track record of success in similar roles.

    • I possess the necessary technical skills and knowledge.

    • I am a quick learner and adaptable to new situations.

    • I am a team player and can work collaboratively with others.

    • I am passionate about this industry and eager to contribute to its growth.

  • Answered by AI
  • Q6. What is your biggest repent and failure in IIT Kanpur?
  • Ans. 

    My biggest regret in IIT Kanpur was not taking advantage of all the opportunities available.

    • I wish I had participated in more extracurricular activities.

    • I regret not networking with more professors and alumni.

    • I failed to prioritize my time effectively and missed out on valuable experiences.

    • I wish I had taken more challenging courses and pushed myself academically.

    • I failed to seek help when I struggled with certain subj...

  • Answered by AI
  • Q7. What has been the best moment of yours in IITK?
  • Ans. 

    Winning the inter-hostel sports championship in my final year.

    • Being a part of the hostel sports team for four years.

    • Training hard and strategizing with the team to improve our performance.

    • Winning the championship after a tough competition with other hostels.

    • Celebrating with my teammates and hostel mates after the victory.

  • Answered by AI
  • Q8. Explain about your intern paper?
  • Ans. 

    My intern paper was about the impact of social media on mental health.

    • Researched the effects of social media on mental health

    • Analyzed data from surveys and studies

    • Discussed potential solutions to mitigate negative effects

    • Presented findings to team and received positive feedback

  • Answered by AI
  • Q9. Rank the Bonds, CDS and Loans in order of the interest rates they offered?
  • Ans. 

    Ranking of interest rates offered by Bonds, CDS and Loans.

    • CDS usually offer the highest interest rates due to their higher risk

    • Bonds offer lower interest rates than CDS but are less risky

    • Loans typically offer the lowest interest rates as they are secured by collateral

    • Interest rates can vary depending on the issuer's creditworthiness and market conditions

  • Answered by AI
  • Q10. Tell about three important things that were currently happening in the world of Business
  • Ans. 

    1. Digital transformation 2. E-commerce boom 3. Sustainability and social responsibility

    • Companies are investing heavily in digital transformation to stay competitive

    • E-commerce sales have skyrocketed due to the pandemic and changing consumer behavior

    • Businesses are increasingly focusing on sustainability and social responsibility to meet consumer demands and reduce their environmental impact

  • Answered by AI
  • Q11. Explain Fiscal Cliff, Euro-Debt Crisis and the Palestine war
  • Ans. 

    Fiscal Cliff is a term used to describe a combination of tax increases and spending cuts. Euro-Debt Crisis refers to the financial crisis faced by some European countries. Palestine war is a conflict between Israel and Palestine.

    • Fiscal Cliff: Combination of tax increases and spending cuts in the US

    • Euro-Debt Crisis: Financial crisis faced by some European countries like Greece, Spain, and Portugal

    • Palestine war: Conflict...

  • Answered by AI

Interview Preparation Tips

Round: Resume Shortlist
Experience: This year we had a resume based shortlisting across all IITs. There were around 35 students who were shortlisted form IITK. But, most probably DB would be continuing with its aptitude test based shortlisting, like the previous years (they ask around 25 aptitude questions, and 1 essay on some current topic).
Tips: DB resorts to resume based shortlisting again, they give a tremendous weight age to your CPI , any background in finance (intern in financial firms or on some related topic, so you see a lot of ECO and Maths Students being shortlisted.) Also, they look at the overall profile as well, but the above 2 factors were the most important this year. A comprehensive study of any of the CAT Maths material of CL or Time will suffice your preparations : focus more on how fast you can solve a problem.

Round: Technical Interview
Experience: 1.This was a mixed interview of both HR and Technical.
2. It lasted for 30 minutes. I entered the room and was greeted by 3 people, shook my hands with all of them.
3. They asked me if I was hungry or not, I told them that I was thirsty rather and they offered me a Tropicana. (The reason I am citing this is, after my selection, in the night Mr. Nishant told me that this had set up the tone in the room, because the earlier 4 candidates whom they interviewed were too shy and refused to have anything, they judged it as my confidence rather, though it was never an intended one).
4. I was asked about how many companies I was interviewing in slot 1, and they seemed to be impressed on hearing the number 7.
5. They asked me what my preference order was, and I told them the truth that I would definitely interview with DB, Credit Suisse and Worldquant, and if time permits maybe with BCG or Opera.
6. Then they asked me to give a brief introduction, and asked me to stop when I was talking about my intern at Morgan Stanley and the paper I published over there. Mr. Nishant asked me if I was offered a PPO by them, and I told them the truth about my mentor not finding any position for me. He gave a sarcastic remark at MS, that going by the markets, its evident that they are not in a good shape now, and all I did was smile.
7. I was asked that if I got an offer from Morgan in my 8th sem, would I go. I told them, that if I got into DB/WQ/Credit Suisse/BCG , then definitely no, o/w yes. The reason I cited was that, inspite of all the money, I had to go through the entire placement procedure which in itself was a big pain, then an offer after that doesn’t help, they could have given it earlier. All three of them laughed and I seemed to have convinced them. I was asked to explain my work there, which I did pretty well.
8. I was also asked if I sat for DB during the intern procedure and I again told them the truth, as I have written earlier.
Tips: They weren’t judging me on finance or quant, because of my CPI and previous background as an intern. A lot of people were grilled on these though, if they said they were interested in these and all. They were trying to have a conversation with me, and testing my confidence, and when I came out of the room, I knew I had done well.

Round: Other Interview
Experience: 1. It was the second technical interview and the panel was of Mr. Vikram Khanderia (Business Head) and a senior person from algo- trading. It lasted for 20 minutes.
2. I entered the room, greeted them and was asked to describe myself in one minute.
3. I did that pretty well as I thought. Mr. Vikram asked me to explain my paper in Morgan Stanley to the two of them, I took a pen and paper and tried explaining them the whole of it. I actually did pretty bad (I had explained this to others quite well earlier, maybe I became a bit nervous.) They didn’t get the full essence of the work, though understood that it was very valuable to the firm.
4. Then I was asked a very trivial question as to rank the Bonds, CDS and Loans in order of the interest rates they offered, and give an explanation on the same. (I had worked on these instruments during my intern, so was asked this). I knew the order and told them that, but struggled for around 5 minutes with the answer. Then they told me the reason for it, and I was just repenting the way my interview was proceeding.
5. Then Mr. Vikram asked me to tell three important things that were currently happening in the world of Business. (I never used to read ET, but read it the previous day). Told them, that Cinemax had just acquired PVR , and as soon as I told it, he just stood up and lashed at me that how could a small Indian company acquisition affect Wall Street. I then understand what a mockery I had made (and was mentally prepared for the Credit Suisse interview after this, because I was sure to be kicked out from here.)
6. Continuing, he wrote three things on paper : Fiscal Cliff, Euro-Debt Crisis and the Palestine war and asked to me explain all of them. I knew the 1st two very well, and started. Though I wasn’t very convincing because I had become a bit tensed, but still I told all that I knew about them in any order though not very confidently. I was asked some counter questions, which I answered and a small discussion followed as to how could the war affect the oil prices in India and gave some logical explanation.
7. Then, the other person took a piece of paper and told that If he folded it 100 times , what would be its total width, if the width of one side is 1 unit.
8. I found it out and told the answer was 2100 . He asked me to calculate it, and I still can’t believe I told them it was 1024 (210 ) * 1024, and then he asked me re calculate it. I immediately realized what a fool I was making of myself, and told it was 1024* multiplied 10 times ~ 1030. (which was right :P). I was asked to leave.
9. I came out and told the volunteers that I had messed it up and there was no chance I would get selected. So I was going for the CS interview. I was asked to wait for a minute and then the volunteers entered the room and after a minute asked me to go and meet Mr. Vikram.
10. He asked me what my concern was, I told him that I was sorry to have messed his round after such an awesome round 1 and that I won’t get selected. He gave me a smile and said that they had really liked me. I asked them if I would get an offer, because it would be my dream come true so early in the morning, He told me that there were SPO clauses that he couldn’t tell me, but ‘You are intelligent enough to understand. If I were you, I would put my suit off and go out for a drink :P’ ). I was overwhelmed, had a firm handshake with the both of them , and there it was at 9.50 AM. in the morning.

General Tips: I have watched this year’s placement process very closely and would like to point out a few things to the readers, which are very important.
1. Be Realistic : This is perhaps one of the most important factors in the placements. I have seen so many people expect so much from them and when they don’t get shortlisted somewhere, it’s the end of the world for them. You must understand that there are certain limitations on you because of your CV till date (however intellectual or Bakait you might me). The key to this is be realistic, like Being a person from MME or BSBE, its actually difficult for you to crack a quant firm like Goldman/Morgan because of your curriculum here (however good you might be at Algos or Maths), the good thing is to accept it. Not having tremendous peaks in your resume will in not place you among the 20 shortlisted in BCG for instance. So, on a very serious note, everyone knows inside out what he/she is capable of, so please be realistic in your ambitions and try to excel in the options you have. Believe me, the goals may not be sky-high, but definitely are achievable.
2. Resume : Over the years, all the firms tell us that IITB/D resumes are well made than IITK ones. Get some of the resumes from your friends over there, ask some of your IITK seniors for their resume, SPO is always there to help you out. But Please denote at least 2 weeks in preparing your master resume and sub-resumes for every company.
3. PPTs : Try and attend the PPTs of the companies. You can actually get to know a lot about the work culture there and what is expected of you in your initial years. It will help you decide if this is actually the thing for you or not.
4. Don’t Speculate : During October-Nov. , most of the students actually waste a lot of efforts in just speculating ‘Yaar yeh company toh ise le hi legi’. Believe me , it happens a lot, confuses you and wastes a lot of your time (especially if you are a 4 Year student.)
5. DPC : Please form a good DPC at least for your own sake. Yes maybe the post might not be of value, but a hard working student can make a lot of difference to his department placements. You cannot expect the OPCs to call in every company of your department.
College Name: IIT KANPUR

Bank of America Interview FAQs

How many rounds are there in Bank of America Team Developer interview?
Bank of America interview process usually has 2-3 rounds. The most common rounds in the Bank of America interview process are One-on-one Round, Resume Shortlist and Aptitude Test.
How to prepare for Bank of America Team Developer interview?
Go through your CV in detail and study all the technologies mentioned in your CV. Prepare at least two technologies or languages in depth if you are appearing for a technical interview at Bank of America. The most common topics and skills that interviewers at Bank of America expect are Risk Management, Asset Management, Business Services, Talent Acquisition and Banking.
What are the top questions asked in Bank of America Team Developer interview?

Some of the top questions asked at the Bank of America Team Developer interview -

  1. Explain what is premium in options contr...read more
  2. How can we prevent Buyin ri...read more
  3. How to prevent failingof trade...read more

Tell us how to improve this page.

Bank of America Team Developer Interview Process

based on 11 interviews

2 Interview rounds

  • Resume Shortlist Round
  • One-on-one Round
View more

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Bank of America Team Developer Salary
based on 1.9k salaries
₹2.4 L/yr - ₹11 L/yr
At par with the average Team Developer Salary in India
View more details

Bank of America Team Developer Reviews and Ratings

based on 266 reviews

4.3/5

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4.0

Skill development

4.3

Work-life balance

3.8

Salary

4.6

Job security

4.2

Company culture

3.3

Promotions

4.0

Work satisfaction

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