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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 Resume 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. Q2/Q3 financial results of bank of America
Q3. How can we prevent Buyin risk?
Q4. How to prevent failingof trades??
Q5. What is portfolio performance metric
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 Resume 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:
Properly align and format text in your resume. A recruiter will have to spend more time reading poorly aligned text, leading to high chances of rejection.
View all Resume 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

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
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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

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Bank of America Team Developer Interview Process

based on 11 interviews

2 Interview rounds

  • Resume Shortlist Round
  • One-on-one Round
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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 261 reviews

4.3/5

Rating in categories

4.0

Skill development

4.3

Work-life balance

3.7

Salary

4.6

Job security

4.2

Company culture

3.3

Promotions

4.0

Work satisfaction

Explore 261 Reviews and Ratings
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