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Bank of America Securities Interview Questions and Answers

Updated 8 Jul 2022

Bank of America Securities Interview Experiences

Popular Designations

6 interviews found

I applied via Walk-in

Interview Questionnaire 

6 Questions

  • Q1. Personals (tell me about yourself, couple of short questions from resume
  • Q2. Lots of personals about why markets (why not consulting too!), why Deutsche etc
  • Q3. Couple of puzzles (reasonably simple)
  • Q4. Some problems on hedging using futures, FX exposure, credit exposure etc. Interest rates, currencies, some macro gyaan
  • Q5. Good no. of questions on subprime crisis (both factual and also interpretation based questions like „What would you do if you were Ben Bernanke and you found out about all this in 2007‟)
  • Q6. Couple of questions testing knowledge of capital markets etc („If I were an FII with 100 million dollars, where should I invest it today?‟ etc)

Interview Preparation Tips

Round: Technical Interview
Experience: I think they were looking for Analytical ability (more in terms of thought process of approaching a problem), good awareness of financial crisis and general gyaan and willingness to work in markets (i.e. how convincing my reasons were etc). I wasn‟t tested too much on derivatives and puzzles, but I believe a few others had lots of questions in this area.

I think the personals & financial crisis questions went very well, pretty decent with the puzzles too. Started a bit slowly on the problems, but was able to arrive at the solution quickly once I had the hang of the question.
Tips: I prepared pretty well for derivatives & financial crisis. Though my approach was not very quick for the former, this was not a problem because I was not hurried for these questions and they were also seeing how I was approaching the solution. I was well prepared with the personals section – very clear on why I wanted markets, not consulting etc and I think I gave them nearly 6 reasons for Why Deutsche 

Round: Technical Interview
Tips: For most banks, and for Deutsche especially, be prepared with personals at three levels (Tell me about yourself etc | Why markets, why not consult / IBD etc | Why Deutsche). I had done my homework by speaking to seniors in this respect and I think
Name
Ashish Viswanathan
Educational Qualification
B. Tech Chemical Engineering, IIT Madras
Workex
Shell Global Solutions (1 year)
Summers Company & Role
Deutsche Bank Global Markets, London Associate

Networth Fin Summers Guide 2010 6 | P a g e
my clarity of thought on these questions clinched it.

Round: Technical Interview
Tips: Make sure you understand what you are preparing in case of derivatives. Don‟t get caught up and confused by the math, learn the basics of why and how the derivatives work

Round: Technical Interview
Tips: Make sure you are well prepared with financial crisis / current affairs / bailout and efforts to fight the crisis. Have an opinion on issues like „Do you think it was right to not bail out Lehman?‟ etc and be prepared to defend your opinion

General Tips: Have some basic knowledge of the recent M&A deals and some basic knowledge of good companies to invest into.
Skill Tips: Intermediate knowledge of Corporate finance and ability to read balance sheet, Cash flow and P&L from annual reports. Basic ratio analysis. Good excel skills preferred.
Skills: Finance, Data Analysis, Excel skills
College Name: IIM Bangalore

Investment Banking Interview Questions asked at other Companies

Q1. If 2 people are sitting around a round table, and each has to place coins on the table after other does, and the one who places the coin last wins, would you like to go first or second?
View answer (1)

Associate Interview Questions & Answers

user image Anonymous

posted on 8 Jul 2022

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 tips
Round 2 - HR 

(1 Question)

  • Q1. They asked specific questions about the industry i would be focused on
Round 3 - Principals 

(1 Question)

  • Q1. How do you handle complex valuation metrics for technology companies
  • Ans. 

    I analyze various factors such as revenue growth, market share, competitive landscape, and future prospects to determine the valuation of technology companies.

    • I research and analyze financial statements, industry reports, and market trends.

    • I consider the company's revenue growth, market share, and competitive landscape.

    • I evaluate the company's future prospects and potential for innovation.

    • I use various valuation method...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - know the industry before you speak with senior managers; they know these companies cold.

Associate Interview Questions asked at other Companies

Q1. A rat has 3000 gm of rice, he has to travel a distance of 3000m, he eats 1gm rice/m, his maximum carrying capcity is 1000 gm,how should he travel the distance to reach with maximum rice left
View answer (5)

I applied via Job Portal and was interviewed in Nov 2021. There was 1 interview round.

Round 1 - One-on-one 

(1 Question)

  • Q1. Technical and personal questions

Interview Preparation Tips

Interview preparation tips for other job seekers - Bank of America is a wonderful company to work without pressure and working environment also really good, manager(my team) the way he treats to associates is awesome

Team Developer Interview Questions asked at other Companies

Q1. Explain what is premium in options contract
View answer (1)

Interview Questions & Answers

user image Anonymous

posted on 10 Mar 2015

Interview Preparation Tips

Round: Resume Shortlist
Experience: I took a lot of help from seniors in making my resume. I had a lot of people review my resume most who were seniors already working in the industry. I think a person should review the resume again and again and again. After making a draft of my resume, I spent 3 days refining it with the help of other people and changed it a total of 25 times at least. I did not take any help from reading material or the internet for making my resume but I think getting it reviewed by so many people made up for it. Attending pre-placement talks is very important. That is one time when you can talk to your potential employers one on one and know exactly what you will be doing in the company. I attended pre-placement talks of all the companies that I was interested in and in my case I had narrowed my list to a few companies to apply to. I talked to my friends and seniors working in various different companies (especially the ones working Investment Banks) in choosing between companies.

Round: HR Interview
Experience: There is a standard list of HR questions in the institute by the name of HLPQ.doc. It helps to look at the standard HR questions and make a mental note of the points you would want to highlight in the answers to those questions. At the same time, memorizing answers is not advisable since it becomes quite obvious to the interviewer that the answers have been memorized.

Round: Technical Interview
Experience: Technical I read up parts of the book Options. Futures and Other Derivatives” by J.C. Hull to prepare for the interviews. I also bought a couple of books from the internet which helped a lot. One of them was Vault Guide to Advanced Finance

Round: Puzzle Interview
Experience: There are many websites to practice puzzles (probability puzzles in my case)

Round: Other Interview
Experience: Quantitative Interviews and the other one had information about the company I was applying to (Merrill Lynch).

Skill Tips: Dressing well is an important part of the interview process. You should create a good first impression. For investment banks, wear a suit especially if you are applying for front office positions. Take a shower, shave and dress neatly (remember you get only one chance to create a good impression). Be nice and courteous to all the people of the company. Reach well before the time of the interview and always carry sufficient copies of your resume along with a notepad and pen
College Name: IIT BOMBAY

Bank of America Securities interview questions for popular designations

 Associate

 (2)

 Investment Banking

 (1)

 Team Developer

 (1)

Interview Questions & Answers

user image Anonymous

posted on 12 Mar 2015

Interview Preparation Tips

Round: Resume Shortlist
Experience: Went through a few sample resumes to get some idea.

Round: HR Interview
Experience: Candidates were short-listed on the basis of resumes and then there were three rounds of interviews. Ultimately ML recruited some 7-8 people for three different locations. Only two for Mumbai office I believe. As far as I know, some 10 people made it to the third round.The structuring of interviews was not exactly the same for everyone. People were being interviewed randomly by different panels.   Round 1 (2 interviews): Mostly HR. Why ML? Your strengths, weaknesses? Any idea about the job profile. Why do you think you are appropriate for that kind of job? Some stuff about my projects. Round 2 (1 interview): Again HR. Family background. Why finance and not CAT n management? Grilled a lot about IIMs &  wanted to make sure I was not interested in doing MBA immediately after BTech which I wasn't anyways. Surprisingly, no questions regarding my apping intentions.

Round: Case Study Interview
Experience: Round 3 (1 long interview): Mostly about finance. Wanted to know how much awareness I had about the terminology. 2- 3 case-studies kind of thing. Again some stuff about the projects that I had done.

General Tips: Be prepared with typical HR questions. Sound convincing as to you want to do nothing but join ML. A little preparation for case studies will help for sure. Also go through the interactive DVD to get some idea about ML. That helped a lot.
College Name: IIT BOMBAY

Associate Interview Questions & Answers

user image Santhosh Bandreddi

posted on 26 Dec 2015

I applied via Referral

Interview Preparation Tips

Round: Technical Interview
Experience: details of the initial interview process?
• Group discussions
• Case study Analysis , presentations etc
• Assessment centre
• Management games etc
• Panel / one on one interview – First round was primarily a personal interview
with their CEO and the HR head. Interview centered around my resume, my
background and other personal questions.
• Telecon interviews – Final round was a telecom with most of the technical
team (about 5 of them) – which was primarily technical and about projects I
did.
• Video conferencing etc
Tips: On resume – brushing up on projects I have done; making sure past mistakes
are not repeated; and identifying primary focus areas where I can sell myself
better; in fact I modified the order of my projects in my resume a little bit to
put the equities project I have done at the very top.
• Communication skills
• Mock interview practice – 1-2 mock interviews; I had done enough already
for prior interviews
• Collecting information of company / role – researched company website; read
DSP’s market outlook report; and found out what types of funds they have.
• Technical / subject / functional preparations – read quite a bit on Portfolio
Management (from a book in lib – don’t remember the author’s name);
reviewed O&F fundaas and IA fundaas..
• PPT’s stage

College Name: Indian School Of Business (ISB)

Associate Interview Questions asked at other Companies

Q1. A rat has 3000 gm of rice, he has to travel a distance of 3000m, he eats 1gm rice/m, his maximum carrying capcity is 1000 gm,how should he travel the distance to reach with maximum rice left
View answer (5)

Interview questions from similar companies

I appeared for an interview before Jun 2016.

Interview Questionnaire 

2 Questions

  • Q1.  Given k and DFS traversal string for a k-ary tree, construct the tree. The String contains P (if a parent) and L (if a leaf). E.g. - k=3, str="PPLLLLL" 2. All the strings are arranged in the following ord...
  • Ans. 

    The question asks to construct a k-ary tree using the given k and DFS traversal string.

    • Iterate through the DFS traversal string

    • If the current character is 'P', create a parent node

    • If the current character is 'L', create a leaf node

    • Link the nodes according to the DFS traversal order

  • Answered by AI
  • Q2. "How would you tell whether a graph has a node with n degree?"
  • Ans. 

    To determine if a graph has a node with n degree, iterate through all nodes and count their edges.

    • Iterate through each node in the graph

    • Count the number of edges connected to each node

    • If any node has n edges, then the graph has a node with n degree

  • Answered by AI

Interview Preparation Tips

Round: Test
Experience: Questions on C++(Virtual fns, inheritance). Two on probability, 12 on Algorithms
Duration: 45 minutes

Round: Technical + HR Interview
Experience: He asked some more puzzles and some probability (expectation) questions. Then, he modified one question asked in the written test and asked me write code for it on paper.
Tips: First of all, prepare all the questions asked in the test before going for the interviews.


Skills evaluated in this interview

I applied via Naukri.com and was interviewed before May 2020. There was 1 interview round.

Interview Questionnaire 

4 Questions

  • Q1. OOPS Concepts
  • Q2. MySql
  • Q3. Php
  • Q4. Design Patterns

Interview Preparation Tips

Interview preparation tips for other job seekers - Just get your basics right.
Interview experience
1
Bad
Difficulty level
Easy
Process Duration
2-4 weeks
Result
No response

I applied via Campus Placement and was interviewed in Dec 2023. There were 4 interview rounds.

Round 1 - Group Discussion 

There was basic GD topic

Round 2 - Aptitude Test 

(1 Question)

  • Q1. Google form was shared in which 15 questions were there and 3 were apti questions (work ,time ,speed) and others were from java programming and the time given was 2 hours.
Round 3 - Technical 

(1 Question)

  • Q1. In this only you will be asked theoretical questions like DBMS, JAVA, Programming, Your Project for programming he will ask only logic and will not ask you to code.
Round 4 - Technical 

(4 Questions)

  • Q1. Count the number of words and their frequency
  • Ans. 

    Count the number of words and their frequency

    • Split the given text into words using whitespace as delimiter

    • Create a dictionary to store the word frequency

    • Iterate through each word and update the frequency in the dictionary

    • Return the dictionary with word frequency

  • Answered by AI
  • Q2. Count frequency of characters.
  • Ans. 

    Count the frequency of characters in a given string.

    • Iterate through the string and use a hash map to store the count of each character.

    • Initialize the count of each character to 0 and increment it as you encounter the character.

    • Finally, iterate through the hash map to get the frequency of each character.

  • Answered by AI
  • Q3. Reversing the array
  • Ans. 

    Reverses an array of strings

    • Use a loop to iterate through half of the array

    • Swap the elements at the current index with the corresponding element from the end of the array

  • Answered by AI
  • Q4. Implementing the comparator function for sorting
  • Ans. 

    Implementing the comparator function for sorting an array of strings.

    • Use the built-in sort() function in most programming languages.

    • Define a custom comparator function that compares two strings.

    • Return a negative value if the first string should come before the second, a positive value if it should come after, and 0 if they are equal.

    • Example: ['apple', 'banana', 'cherry'] can be sorted in alphabetical order using the co

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Company is good but i noticed interviewer was biased towards girls as fresher. One of the interviewer named as Prem Kumar who took my 4 th round which was a technical interview was taking interview of boys for 25 minutes and was giving no hints to boys and was making fun of boys when they were getting stuck in programming but he took interview of girls for 1 hr 15-20 minutes and also he gave hints to girls when they got stuck in programming.
he was asking the same questions from everyone he [prem kumar ] knew only 2-3 programming questions and the same questions were asked to each of us some of the boys were asked only 1 questions and he left the meeting by saying "better luck next time".

Skills evaluated in this interview

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

I appeared for an interview in Dec 2024.

Round 1 - Group Discussion 

Topic: Online vs Offline Education.

Round 2 - Coding Test 

They gave us 8 coding problems and instructed us to solve 5 within a time limit of 1 hour and 30 minutes; all problems were from the easy and medium on LeetCode.

Round 3 - Technical 

(2 Questions)

  • Q1. Data Structures and Algorithms (DSA), time complexity, and the explanation of code written during the coding round.
  • Q2. Question from the Core java.
Round 4 - Technical 

(2 Questions)

  • Q1. In-depth question from DSA like implement linked-list and stack, questions from Tree and linear and binary search.
  • Q2. Explanation of college projects and questions from resume.
Round 5 - HR 

(1 Question)

  • Q1. Simple HR questions.

Interview Preparation Tips

Interview preparation tips for other job seekers - Focus on diligently practicing data structures and algorithms (DSA), specifically through LeetCode questions, while also emphasizing time and space complexity and foundational computer science principles.

Bank of America Securities Interview FAQs

How many rounds are there in Bank of America Securities interview?
Bank of America Securities interview process usually has 2 rounds. The most common rounds in the Bank of America Securities interview process are One-on-one Round, Resume Shortlist and HR.
How to prepare for Bank of America Securities 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 Securities. The most common topics and skills that interviewers at Bank of America Securities expect are Accounting System, Business Development, Cash Flow Statement, Cfo and Channel Sales.
What are the top questions asked in Bank of America Securities interview?

Some of the top questions asked at the Bank of America Securities interview -

  1. How do you handle complex valuation metrics for technology compan...read more
  2. Couple of questions testing knowledge of capital markets etc („If I were an F...read more
  3. Good no. of questions on subprime crisis (both factual and also interpretation ...read more

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