BNY Interview Questions, Process, and Tips

Aptitude was good proctored but basic questions

Q1. Introduce yourself
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I am a recent graduate with a degree in Computer Science and a passion for coding and problem-solving.
• Recent graduate with a degree in Computer Science

• Passionate about coding and problem-solving

• Strong communication and teamwork skills
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Q2. Basic subject knowledge
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Q1. Types of preparing the cash flow
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Preparing cash flow involves analyzing income and expenses to track the movement of cash in and out of a business.
• Start by listing all sources of income, such as sales revenue, investments, and loans.

• Next, list all expenses including rent, utilities, salaries, and loan payments.

• Calculate the net cash flow by subtracting total expenses from total income.

• Analyze the cash flow statement to identify trends, potential issue...read more
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Q2. What is Derivatives
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Derivatives are financial instruments whose value is derived from an underlying asset or group of assets.
• Derivatives can be used for hedging, speculation, or arbitrage.

• Common types of derivatives include options, futures, forwards, and swaps.

• Derivatives allow investors to take on risk or hedge against risk in the financial markets.

• They are often used by institutional investors and traders to manage their exposure to va...read more
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Q1. Are you comfortable with rotational shifts
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Q1. What do you know about BNY
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Q1. What is NAV, expenses, CFD, Corpora Action
Ans. 
NAV is Net Asset Value, expenses are costs incurred by a fund, CFD is Contract for Difference, Corporate Action refers to events that impact a company's securities.
• NAV is the value of a fund's assets minus its liabilities, divided by the number of shares outstanding.

• Expenses in a fund include management fees, administrative costs, and other operational expenses.

• CFD is a financial derivative that allows traders to specu...read more
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Q1. Reason for switch
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Seeking new challenges and opportunities for growth
• Desire for career advancement

• Interest in working with new technologies or industries

• Seeking a more collaborative or innovative work environment
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Q1. Related to fund accounting
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Hacker rank test link

Q1. General work and java related questions
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Q1. General work and java related questions
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Q1. Still needs to appear for it
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Q1. What is corporate action and its type ?
Ans. 
Corporate action refers to events initiated by a public company that impact its shareholders and securities.
• Types of corporate actions include dividends, stock splits, mergers and acquisitions, rights issues, and bonus issues.

• Dividends are payments made to shareholders from a company's profits.

• Stock splits involve dividing existing shares into multiple shares to lower the share price.

• Mergers and acquisitions are when t...read more
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Q2. What is derivative?
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A derivative is a financial contract whose value is derived from the performance of an underlying asset, index, or interest rate.
• Derivatives can be used for hedging, speculation, or arbitrage.

• Common types of derivatives include options, futures, forwards, and swaps.

• For example, a stock option gives the holder the right to buy or sell a stock at a specified price within a certain time frame.
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Q1. Trade life cycle
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Q2. Journal entries
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