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Charles Schwab Auditor Interview Questions and Answers
Charles Schwab Auditor Interview Experiences
1 interview found
Anonymous
(1 Question)
- Q1. Tell me about yourself
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Akhilesh Gopal
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
- 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
Interview Preparation Tips
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
Interview Questionnaire
2 Questions
- Q1. Questions about career goals, interests and future prospects
- Q2. Firm-related questions
Interview Preparation Tips
Experience: 1. At First, I missed the Credit Suisse GD since I hadn’t brought along a portfolio manager (one who handles your interview schedule and attends to the ever-ringing mobile phone).
2. I proceeded to Credit Suisse, and requested their HR contact to give me a chance since I could not turn up for the GDs.
3. It was here that I handed over my mobile phone to my friend Apratim Tiwari, who was managing the Credit Suisse procedures, and requested him to pursue the HR guy to schedule an interview, and also handle my phone when I was interviewing and he had successfully managed to get me an interview with Credit Suisse.
4. The interview went well. They were apparently quite impressed.
5. Two more rounds of interviews, and the HR guy made me an offer.
6. But, since Deutsche Bank was my dream company, I was also interviewing with them and got selected.
Tips: You would need to focus on three broad areas for a comprehensive preparation:
(a) HR questions: This is the most important part for any interview. In companies like DB, your communication skills coupled with your preparation of such questions account for more than 70% of a candidate’s selection. Answering questions about your career goals, interests, and your career thus far should become second nature by the end of November. You must also know the firms and job profiles inside out. I worked on this specific area, and by the end of the placement session, I had gained a reputation among my wingies for my expertise at answering HR questions.
(b) Puzzles: Since this is a non-core sector, puzzles are the only way to objectively test the ability of candidates with diverse backgrounds. Look up braingle.com and techinterview.org. These two should suffice. Also, whenever you come across a puzzle that you’ve already encountered, pretend as if you’re going through it for the first time. Don’t rush through. This is your opportunity to impress them. Do not squander it away!
(c) Finance and economic affairs: If you have a comprehensive knowledge of the financial markets, national economy, and international affairs, in addition to the above two, it is highly improbable that you won’t be selected. For brushing up these, read the Economist (print or online), and read through the opinion pages of Economic Times or the Business Standard for 2-3 months leading to the Placement season. You must also regularly read a newspaper like the Hindu or Indian Express to keep yourself abreast of the latest events which frequently become a focal point of group discussions (for Credit Suisse). You CANNOT afford to walk into the interview ignorant of terms like European debt crisis, global financial crisis, fiscal cliff, QE, and basic finance like options, hedging etc. Wikipedia, Investopedia and J.C.Hull (first few chapters) are great sources to pick up these.
General Tips: 1. If you are a B.Tech. student, do not be under the wrong impression that you can target all sectors- core as well as non-core. It is really difficult to prepare comprehensively for all companies, especially if you are in the B.Tech. program owing to time constraints.
2. The Dual degree students have an edge over you for precisely two reasons. Firstly, they get more time to prepare for the placements, and have learnt vicariously from their B.Tech. batchmates' experiences. Secondly, they tend to have higher retention rates (good for the companies).
3. Work on your English communication skills which are crucial for performing well in interviews and GDs.
Let neither of these become an obstacle by leaving no stone unturned in the course of your preparations.
4. You can’t appear for more than 4 companies in the first slot. It is not realistic. Hence, decide beforehand. I knew I hadn’t prepared enough for consulting or core, hence I opted out of ITC and Opera.
5. If you are shortlisted in multiple companies, ask a reliable friend to accompany you to the interviews, and handle your mobile phone (“managing one’s portfolio”). You’ll thank me someday for this advice.
6. I was happy that I prepared as much as I did, neglecting my college academics in the process. It is a decision I am proud of.
7. My Morgan Stanley internship distinguished me from scores of other candidates. I had never truly appreciated its importance till then. That also goes to show how important it is to get a good internship.
Skill Tips: 1. I scored a 100 percentile in CAT and the preparation made a huge impact on preparing for any of the interviews.
2. I also interned at Morgan Stanley which was further a plus for me.
3. I had received Honda YES Award, University of Tokyo-IIT Scholarship and my academic background was quite good.
Skills: Problem solving skills, Finance Basics, Basic HR questions, Economic affairs
College Name: IIT KANPUR
Associate Interview Questions & Answers
JPMorgan Chase & Co.
SHUBHAM VINAYAK KALE shubham
posted on 4 Dec 2016
I applied via Campus Placement and was interviewed in Dec 2016. There were 5 interview rounds.
Interview Questionnaire
8 Questions
- Q1. Project/DDP based questions
- Q2. Any coding done in curriculum, explain the most complex one
- Ans.
Yes, I have coded in curriculum. The most complex one was a project on building a web application using React and Node.js.
Built a full-stack web application using React and Node.js
Implemented user authentication and authorization using JSON Web Tokens (JWT)
Used MongoDB as the database and Mongoose as the ODM
Implemented real-time updates using Socket.IO
Deployed the application on Heroku
Handled errors and implemented log
- Q3. What is 'Big data'? Why is it called 'Big'
- Ans.
Big data refers to large and complex data sets that cannot be processed using traditional data processing methods.
Big data is characterized by its volume, velocity, and variety
It is used in various industries such as healthcare, finance, and retail
Examples of big data include social media data, sensor data, and transactional data
It is called 'big' because it involves processing massive amounts of data
Big data requires ...
- Q4. Why do you want to switch to IT sector from your respective branch
- Ans.
I am passionate about technology and eager to learn new skills in the IT sector.
I have always had a keen interest in technology and enjoy working with computers.
I believe the IT sector offers more opportunities for growth and advancement in my career.
I have seen the impact of technology on various industries and want to be a part of that innovation.
I have taken courses in programming and networking to prepare myself fo
- Q5. I did a course on compute simulation and had extra curricular in chess, so was asked to simulate a chess game
- Q6. Two friends A & B meet after long time, A asks B about his family. B says he has 3 children, product of their ages is 36, and sum of their ages is equal to the (point towards a house on street) house numbe...
- Q7. 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
- Q8. A new software has 3 functions SelectSum(), log() and exp(). You have a table of 1000 data points, how will you find product of all points using only the above mentioned functions
- Ans.
To find the product of all data points using SelectSum(), log(), and exp() functions.
Use the log() function to convert the product into a sum of logarithms
Apply the SelectSum() function to calculate the sum of logarithms
Finally, use the exp() function to convert the sum back into the product
Interview Preparation Tips
Experience: Aptitude part has easy questions, including number series, picture series, interest rate and some quant based questions.
The coding part is difficult.2-3 coding questions, Codes will be related to linked lists , trees or sorting.
Tips: Try to get maximum marks in aptitude, which should be fine with some practice . One of the code will be easy, so complete it and make a try for second
Duration: 1 hour
Total Questions: 30
Round: Puzzle Interview
Experience: very easy puzzles, I was able to solve all puzzles in first attempt
Tips: Be confident in your approach they are locking for approach more than result
Round: Technical Interview
Experience: I answered all resume based questions, he liked my choice of projects, though they were not exactly related to the profile. He liked me and said I would recommend you directly to HR round
Tips: Prepare in details about all points in resume, course work mentioned and projects, Based on performance in this interview, they decide to whether to take one more technical interview or send directly to HR
Skills: Behavioural Skills, Puzzle Solving Capability, Approaching A Problem, Basic Coding
College Name: IIT Madras
Skills evaluated in this interview
I was interviewed in Dec 2016.
Interview Questionnaire
8 Questions
- Q1. Question related to projects mentioned in CV.
- Q2. Question related to Database Management.
- Q3. Given a web portal that is running slow, how would you debug the solution for that? Answer stepwise.
- Ans.
Debugging steps for a slow web portal
Check server load and resource usage
Analyze network traffic and latency
Review code for inefficiencies and optimize
Use profiling tools to identify bottlenecks
Consider caching and content delivery networks
Test and monitor performance after changes
- Q4. Generally we store data in normalised form, but it makes it slow to run any queries. How would you make the queries run faster?
- Ans.
Denormalization, indexing, caching, and partitioning can improve query performance.
Denormalize the data to reduce the number of joins required for queries.
Create indexes on frequently queried columns to speed up search.
Cache frequently accessed data in memory to avoid disk reads.
Partition large tables into smaller ones to reduce the amount of data that needs to be scanned.
Use query optimization techniques like query re...
- Q5. Write a sorting algorithm in detail.
- Ans.
Sorting algorithm organizes data in a specific order.
Choose a sorting algorithm based on the data size and type.
Common sorting algorithms include bubble sort, insertion sort, and quicksort.
Implement the chosen algorithm in code.
Test the algorithm with sample data to ensure it sorts correctly.
- Q6. Who or what inspires you the most?
- Ans.
My parents inspire me the most.
Their hard work and dedication to providing for our family motivates me to work hard.
Their unwavering support and encouragement has helped me overcome challenges.
Their values and principles have shaped me into the person I am today.
Seeing their sacrifices and selflessness inspires me to be a better person.
- Q7. What are the qualities of a leader?
- Ans.
A leader should possess qualities like vision, communication, empathy, integrity, and adaptability.
Vision: Ability to see the big picture and set goals accordingly
Communication: Ability to convey ideas clearly and listen actively
Empathy: Ability to understand and relate to others' emotions and perspectives
Integrity: Consistency in values, actions, and decisions
Adaptability: Ability to adjust to changing circumstances a
- Q8. Why Morgan Stanley?
- Ans.
Morgan Stanley is a top-tier investment bank with a strong reputation for excellence and innovation.
Morgan Stanley has a long history of success in the financial industry
The company is known for its innovative approach to investment banking
Morgan Stanley has a global presence and offers a wide range of services to clients
The firm has a strong commitment to diversity and inclusion
Morgan Stanley is a great place to work
Interview Preparation Tips
Experience: The interviewer asked questions based upon CV. He first made me adjust to the environment and then started the serious questions realted to technical stuff.
Tips: Never lie about any subject you don't really know. Keep a particular topic strong, in my case it was Database Management. Have good problem solving skills, if not efficient but at least a good solution.
Round: Technical Interview
Experience: The round consisted of technical questions based on my analysis of the first round. Consisted of higher levele questions related to my topics of my expertise.
Tips: Be ready for any spontaneous questions. Explain whatever comes to your mind instead of quietly thinking. Be communicative and confident. They don't care about the syntax but rather the logical thinking.
Round: HR Interview
Experience: Just be communicative. Since you've qualified till the HR interview, you are almost confirmed for their position. They checked if I could handle pressure or not. They tried to know if they could give me more responsibilities in the near future or not.
Tips: Be confident and don't hesitate to answer. Express what you feel genuinely. Show that you are a responsible guy.
College Name: IIT Varanasi
Skills evaluated in this interview
Piyush Singla
I was interviewed in Dec 2016.
Interview Preparation Tips
Experience: For CSE and EE students , CPI was not at all seem to be a criteria for shortlisting and almost all who have a decent profile got shortlisted for the test. However, for other department students they shortlisted above 9 CPI students.
Round: Test
Experience: It was a 2 hour test. It consisted of 3 sections-Quant , Machine Learning and Computer Science . Each section had 10 questions and 45 minutes were allotted for each section.
Being from non-CSE background I attempted only 2 sections ie. Quant and Machine Learning. Machine Learning section was fairly easy this time and almost all questions were standard. If someone has done an introductory course on Machine Learning and basic stats , this section was a cake walk for him. However , attempting quant section required some preparation of solving probability puzzles (computing expectations etc.) ,basic linear algebra and geometry base questions.
Duration: 2 hours
Round: Technical Interview
Experience: I had 2 rounds of interview. Both were technical ones.
In the first interview , they asked some probability puzzles (from 50 challenging problems in probability book) . Since I had completed that book before , I was able to solve them . Then they asked 1-2 algorithm based questions like formulate an efficient algorithm for solving a particular problem. I was not able to solve them completely but tried to give them the overview of y approach. The interviewer didn't seem to be satisfied though. It lasted for around 20-25 minutes.He told me to wait outside . To my surprise, I was called for the 2nd round.
The second went better than the first round. They again asked questions on computing probability , expectations , constructing a Markov Chain for a a given problem etc. Since I had done 1 course in Fiance also , he asked me questions from it also which were quite easy. Then he began asking algorithms and asked me to explain a sorting algorithm and I chose Quick Sort. While explaining it , I got struck at one point but the interviewer was helping me by giving hints and I was able to explain it fully. The second round was quite exhaustive as it went on for around 45-60 minutes.
Skills: Problem Solving Abilties, Mathematical Aptitude, Algorithmic Approach To Problem Solving, Machine Learning, Statistical Method Basics
College Name: IIT Kanpur
I applied via Walk-in
Interview Questionnaire
1 Question
- Q1. Finance related questions
Interview Preparation Tips
Experience: I think they were looking for Basic understanding of financial accounting, confidence.
My experience of working on valuation of Oil & Gas projects, financial modelling helped a lot
Tips: My confidence in answering questions related to finance and Read thoroughly two chapters 11 & 12 of “Financial Accounting” book by RNS
Skill Tips: They will give you required training
Skills: Finance
College Name: IIM Bangalore
Interview Preparation Tips
Tips: Prepare for questions on your resume, puzzles and a couple of HR questions.
Round: Puzzle Interview
Experience: A few resume based questions were asked too.
Round: HR Interview
Experience: They tried to judge how well the candidate would fit in with their company.
General Tips: Focus on the few companies that you want to get into, and prepare well for them.
Do not give way to peer influence. Do what you want to, even if it is not the most sought after.
College Name: IIT KANPUR
Interview Preparation Tips
Experience: My strong resume aided in getting shortlisted for Credit Suisse.
Round: Group Discussion
Experience: The GD went well as I did not haste into my chance and was calm throughout.
Round: Other Interview
Experience: The interview was with an alumni who told me that my GD performance was good, and asked me a puzzle. It was followed by some questions on my resume, mainly my internship.
Another puzzle followed, which I took some time to solve. I was able to solve the next one instantly,
Then I was asked to sell a crumbled piece of paper innovatively.
Round: Other Interview
Experience: This round was with a senior member in the company who asked about my resume, stay in campus, post of election officer and some tricky questions, which I answered well. A question on probability was asked. A few more puzzles followed, along with some questions on finance. He also mentioned that he did not expect me to answer these as I had no background in finance. But i was able to answer them.
I was then asked to leave and HR was called inside. I also had an interview with Diamond. The HR came to me and told me that they were interested in and asked me to stall my interview with diamond for a while.
Round: HR Interview
Experience: It was with VP and continued for 45 minutes with no puzzles, finances or cases. It was more of a discussion on all fields ranging from campus life to UP politics to Sachin's retirement, etc.
I was asked about my internship experience and the reason i wanted to join their company .
Round: HR Interview
Experience: It was with the Director, who said that he had a sore throat and hence would not say much. he said that they wanted to hire me and that I do not interview with any other firm. I was more than glad! I was the first person to bag an offer in the placement season.
College Name: IIT KANPUR
Interview Questionnaire
15 Questions
- Q1. Why finance? Why not core? (they grilled me for 20 minutes)
- Q2. There is a closed room with 3 bulbs and there are three switches outside. You can toggle any two switches once without looking inside the room and map the bulbs to their corresponding switches. (Since I ha...
- Q3. What is the crappiest thing on your resume?
- Ans.
I listed a job that I was fired from after only a few weeks.
Listed a job where I was fired after a few weeks
Didn't provide a clear explanation for why I was let go
Didn't highlight any skills or accomplishments from that job
- Q4. Entertain us for two minutes without asking any questions. (I told them about some funny incidents on the campus)
- Q5. Which IITian do you admire the most and why?
- Ans.
I admire Dr. Raghunath Anant Mashelkar, an IIT Bombay alumnus, for his contributions to science and technology.
Dr. Mashelkar is a chemical engineer and has made significant contributions to the field of polymer science.
He has also served as the Director General of the Council of Scientific and Industrial Research (CSIR) and has been awarded numerous honors, including the Padma Shri and Padma Bhushan.
Dr. Mashelkar has a...
- Q6. They then crushed an A4 sheet and asked me to sell it to them?
- Q7. Tell me about the eurozone crisis?
- Ans.
The eurozone crisis refers to the economic and financial difficulties faced by some countries in the European Union.
The crisis began in 2009 with the Greek debt crisis and spread to other countries in the eurozone.
It was caused by a combination of factors including high levels of debt, low economic growth, and structural problems within the eurozone.
The crisis led to bailouts of several countries by the European Centra...
- Q8. What do you know about the Libor Scam?
- Ans.
The Libor Scam was a manipulation of the London Interbank Offered Rate (Libor) by banks to benefit their own trading positions.
Libor is a benchmark interest rate used globally for financial products
Banks were found to have manipulated the rate to benefit their own trading positions
The scandal resulted in billions of dollars in fines for banks involved
Several high-profile bankers were also convicted for their involvemen...
- Q9. What are derivatives?
- Ans.
Derivatives are financial instruments that derive their value from an underlying asset or security.
Derivatives can be used for hedging or speculation.
Examples of derivatives include futures, options, and swaps.
Derivatives can be traded on exchanges or over-the-counter.
Derivatives can be complex and involve significant risk.
Derivatives played a role in the 2008 financial crisis.
- Q10. Some simple questions on options
- Q11. Why Finance? Why not join a casino? (I had mentioned that I find it challenging and stimulating)
- Q12. Lots of questions on the fiscal cliff
- Q13. What in your opinion would be the repercussions if the fiscal cliff was not avoided, both in US and in the global economy. Will India be affected and why?
- Ans.
Failure to avoid fiscal cliff could lead to severe economic repercussions globally and in the US, with India also being affected.
The US economy could experience a recession, with a potential decrease in GDP and increase in unemployment rates
Global financial markets could experience volatility and uncertainty
India could be affected due to its close economic ties with the US, with potential impacts on trade and investmen...
- Q14. What is Prime Services?
- Ans.
Prime Services is a suite of financial services offered by investment banks to hedge funds and other institutional clients.
Prime brokerage
Securities lending
Cash management
Risk management
Trade execution
Reporting and analytics
Examples: Goldman Sachs Prime Services, J.P. Morgan Prime Services
- Q15. What is QE? Why is it used?
- Ans.
QE stands for Quantitative Easing. It is a monetary policy used by central banks to stimulate the economy.
QE involves the central bank buying government bonds or other securities from the market to increase the money supply.
The increased money supply is intended to lower interest rates, encourage borrowing and spending, and boost economic activity.
QE is typically used when interest rates are already low and traditional...
Interview Preparation Tips
Experience: They didn't had any aptitude test, only resume based short-listing.
Round: Group Discussion
Experience: There were 10-15 students. There was 3 mins thinking time and 10 minutes discussion time. After the discussion each student was asked to conclude the GD and express his/her viewpoint.
Tips: 1. Jot down your point during the three minutes.
2. During the GD make sure that you express your opinion coherently.
3. Also make short notes during the GD which will be helpful in concluding it.
4. While concluding the GD, ensure that you cover all the points discussed during the GD (notes will be helpful here) and in the end express your own stand.
Duration: 10-15 minutes
Round: HR Interview
Experience: It was a HR + Puzzle round. Panel was of Some junior management and the duration was of 30-40 minutes. By the end of this round, they were quite impressed and sent me for the second interview immediately.
Round: Technical Interview
Experience: This round was based on Current Affairs and Finance and lasted for 20 minutes. And, I asked them a few questions about CS and job cutting etc. After this interview they had mentioned that they were quite positive on me and that I had to just interview with one more senior manager. This really boosted my confidence.
Round: Other Interview
Experience: It was also based on finance and current affairs. Panel consisted of the Senior most employee who had come for recruitment. After this round I was informally offered the job.
General Tips: 1. Even when you are unable to answer questions, don’t get bogged down or disheartened remain calm. DB quite often takes stress interview. Just keep your cool and smile while answering questions.
2. If you do not know any answer, there is no harm is admitting that.
3. Be confident. Know your resume inside out.
4. Practice a few HR interviews before the actual one.
5. Also, communication skills in English are very important.
Skills: Probability and Statistics, Basic Finance, Puzzles, Newspaper and current affairs, Major events in the financial world over the past 5-6 years
College Name: IIT KANPUR
Skills evaluated in this interview
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