Bank of America Interview Questions, Process, and Tips

The assessment was conducted online and consisted of five questions: two focused on coding, two on behavioral aspects, and one required an explanation of the code.

Q1. What topics were covered during the interview, specifically in terms of data structures, aptitude, and behavioral questions?
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Q1. What core programming concepts were covered in your experience?
Ans. 
Covered core programming concepts include data structures, algorithms, object-oriented programming, and software design patterns.
• Data structures such as arrays, linked lists, stacks, queues, trees, and graphs were covered.

• Algorithms like sorting, searching, recursion, and dynamic programming were studied.

• Object-oriented programming principles like inheritance, encapsulation, and polymorphism were implemented.

• Software d...read more
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Technical round based on subjects

Q1. Tell me about yourself
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I am a recent graduate with a degree in Business Administration and a passion for leadership and problem-solving.
• Graduated with a degree in Business Administration

• Passionate about leadership and problem-solving

• Completed internships in marketing and finance

• Involved in student government and volunteer work
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Q2. Tell me about your experience
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I have 3 years of experience in sales and customer service roles, where I developed strong communication and problem-solving skills.
• Worked as a sales associate at XYZ Company for 2 years

• Managed a team of 5 customer service representatives at ABC Company

• Implemented new sales strategies that increased revenue by 15%
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Q1. Basic Questions from .Net and SQL
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Q1. How do you build a web performant app?
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To build a web performant app, focus on optimizing code, reducing server requests, using caching, and optimizing images.
• Optimize code by minimizing unnecessary functions and variables

• Reduce server requests by combining files, using CDNs, and lazy loading

• Utilize caching to store data locally and reduce load times

• Optimize images by resizing, compressing, and using modern formats like WebP
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Q2. What data structure you want to use for returning database records and why?
Ans. 
I would use an array data structure for returning database records as it allows for easy access and manipulation of individual records.
• Arrays provide O(1) access time for individual records, making it efficient for returning database records.

• Arrays allow for easy iteration over all records to perform operations such as filtering or sorting.

• Arrays can easily be converted to JSON or other data formats for returning to th...read more
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Q1. What is diff between correlation and covariance
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Q2. Real life example of standard deviation
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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...read more
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