40+ Ernst & Young Senior Consultant Interview Questions and Answers

Technical interview questions for Senior Consultant role

• Virtual DOM is a lightweight copy of the actual DOM used for efficient updates

• React component life cycle includes mounting, updating, and unmounting phases

• Higher-order components are functions that take a component and return a new component with additional functionality

• Basic javascript logical codes like reversing a string can be done using built-in methods or loops

• map, reduce, and filter are array methods used for mani...read more

Yes, I have both risk management experience and audit work experience.

• I have worked as a risk management consultant for XYZ Company for 5 years.

• During my time at XYZ Company, I successfully implemented risk management strategies for several clients, helping them identify and mitigate potential risks.

• I have also conducted numerous risk assessments and developed risk mitigation plans.

• In terms of audit work experience, I have worked as an auditor at ABC Firm for 3 years.

• I have c...read more

As a consultant, I would analyze the Indian telecom market and provide a market entry strategy for the North American operator.

• Conduct a market analysis to understand the current telecom landscape in India

• Identify potential competitors and their market share

• Assess regulatory and legal requirements for foreign telecom operators

• Evaluate the demand for telecom services in different regions of India

• Develop a market entry strategy based on the analysis and recommend the best appro...read more

Advise P&G on cost reduction in logistics & supply chain after acquiring Gillette.

• Conduct a thorough analysis of the current logistics & supply chain processes to identify areas of improvement.

• Explore options for optimizing transportation routes and modes to reduce costs.

• Implement a demand-driven supply chain strategy to reduce inventory and improve efficiency.

• Leverage technology such as automation and data analytics to streamline operations and reduce costs.

• Collaborate with ...read more

E&Y strengths can be leveraged to help telecom companies grow their enterprise business by...

• Providing strategic consulting services to identify growth opportunities and develop effective business strategies

• Offering financial advisory services to help telecom companies secure funding for expansion and investment in new technologies

• Leveraging E&Y's global network to connect telecom companies with potential partners and customers

• Providing technology consulting services to help ...read more

Engaged with various stakeholders internally and externally, including partnerships, donors, and clients, to achieve mutually beneficial outcomes.

• Engaged with internal stakeholders such as team members, managers, and executives to align on project goals and strategies

• Collaborated with external partners and clients to develop joint initiatives and projects

• Managed relationships with donors to secure funding for projects and ensure transparency and accountability

• Handled challeng...read more

To calculate 45 minutes using 2 unevenly greased ropes and 1 candle.

• Light both ropes at the same time

• After 30 minutes, the first rope will be completely burned and the second rope will have 30 minutes of grease left

• Light the candle at this point

• When the second rope is completely burned, 15 minutes will have passed since the candle was lit

Investing in innovation and upskilling employees are key areas for Indian IT companies to remain competitive.

• Investing in research and development to create innovative solutions

• Upskilling employees to keep up with emerging technologies

• Focusing on customer-centric approach to deliver personalized solutions

• Adopting agile methodologies to improve efficiency and speed of delivery

• Collaborating with startups and other companies to leverage their expertise

• Expanding into new markets ...read more

Consulting a client on opening an outsourcing center in India

• Understand the client's goals and objectives for outsourcing to India

• Research the market trends and potential locations in India for the outsourcing center

• Assess the legal and regulatory requirements for setting up a business in India

• Evaluate the cost savings and benefits of outsourcing to India compared to other countries

• Provide guidance on cultural differences and communication strategies when working with Indian ...read more

Managing conflicts in a team and stakeholders requires effective communication, active listening, and problem-solving skills.

• Identify the root cause of the conflict and involve all parties in finding a solution

• Encourage open and honest communication to avoid misunderstandings

• Actively listen to all parties involved and acknowledge their concerns

• Use problem-solving techniques such as brainstorming and compromise to find a mutually beneficial solution

• When managing stakeholders, ...read more

Count the number of windows in Delhi by dividing the city into smaller areas and conducting a sample survey.

• Divide Delhi into smaller areas

• Conduct a sample survey in each area to count the number of windows in a few buildings

• Calculate the average number of windows per building in each area

• Multiply the average by the total number of buildings in the area to estimate the total number of windows

• Add up the estimates from each area to get the total number of windows in Delhi

Answering questions on call and put options, bond sensitivities, yield curve, etc. for Senior Consultant role.

• Delta measures the change in option price due to a change in the underlying asset price

• Gamma measures the change in delta due to a change in the underlying asset price

• Bond sensitivities include duration and convexity

• Yield curve shows the relationship between bond yields and maturities

• Call options give the holder the right to buy an underlying asset at a specified pric...read more

Calculate angle between minute hand and hour hand of a clock at a given period of time

• Calculate the angle between the two hands using the formula: |(30H - 11/2M)|

• Where H is the hour and M is the minute

• Take the absolute value of the result

• If the result is greater than 180, subtract it from 360 to get the acute angle

I have worked on a variety of projects including process improvement, system implementation, and organizational restructuring.

• Implemented a new CRM system to streamline customer interactions

• Led a team in restructuring department workflows to increase efficiency

• Developed and implemented training programs for new software rollouts

• Worked on process improvement projects to reduce waste and increase productivity

No, dropping the base table of a Materialized View does not automatically drop the Materialized View itself.

• Dropping the base table of a Materialized View will not automatically drop the Materialized View.

• The Materialized View will become invalid and will need to be manually dropped or recreated.

• Any attempt to refresh the Materialized View will fail until it is fixed.

To create a new market in Vietnam for LC/BG, we can start by conducting market research, building relationships with local businesses and government agencies, and offering tailored financial solutions.

• Conduct market research to understand the needs and preferences of Vietnamese businesses

• Build relationships with local banks, businesses, and government agencies to establish credibility and trust

• Offer tailored financial solutions such as LC/BG with competitive rates and flexibl...read more

Consult client on cost-saving strategies through analysis, optimization, and efficiency improvements.

• Conduct a thorough analysis of current expenses and identify areas for potential cost savings

• Recommend optimization strategies such as renegotiating contracts, streamlining processes, or implementing cost-effective solutions

• Suggest efficiency improvements like automation, outsourcing non-core activities, or reducing waste

• Provide examples of successful cost-saving initiatives i...read more

It is difficult to estimate the petrol utilization in Mumbai in a year due to various factors.

• Petrol utilization depends on various factors such as population, number of vehicles, fuel efficiency, traffic conditions, etc.

• Data on the number of vehicles and their fuel efficiency can be used to estimate petrol utilization.

• Petrol utilization may vary based on the time of the year, such as during monsoon season or festivals.

• Government policies and fuel prices can also impact petro...read more

KYC and due diligence are performed to mitigate risks associated with money laundering, terrorist financing, and other financial crimes.

• KYC helps in identifying and verifying the identity of customers.

• Due diligence helps in assessing the risk associated with a customer and their transactions.

• It is a regulatory requirement to perform KYC and due diligence.

• It helps in preventing financial crimes such as money laundering, terrorist financing, and fraud.

• Examples of KYC and due di...read more

Conflict management is the process of resolving disputes or disagreements between individuals or groups.

• It involves identifying the source of the conflict

• Developing strategies to address the conflict

• Implementing those strategies

• Evaluating the effectiveness of the strategies

• Examples include mediation, negotiation, and compromise

Yes, I can show you some dashboards I created.

• I created a sales dashboard for a retail company that showed daily, weekly, and monthly sales figures.

• I also created a project management dashboard for a software development team that tracked progress and deadlines.

• Another dashboard I created was for a healthcare organization that displayed patient satisfaction scores and wait times.

• I can show you examples of each dashboard during the interview.

I would address the client's concerns promptly and professionally to de-escalate the situation.

• Listen actively to the client's concerns and acknowledge their feelings

• Apologize for any inconvenience caused and assure them that their issue will be resolved

• Offer a solution or compromise to meet their needs and expectations

• Follow up with the client to ensure their satisfaction and prevent future escalations

I use a variety of tools and technologies depending on the project requirements.

• For data analysis and visualization, I use tools like Excel, Tableau, and Power BI.

• For project management and collaboration, I use tools like Jira, Trello, and Asana.

• For programming and development, I use languages like Python, Java, and SQL.

• For cloud computing, I use platforms like AWS and Azure.

• For version control, I use Git and GitHub.

• For communication and meetings, I use tools like Zoom and Sl...read more

Agile is iterative and flexible, while waterfall is sequential and rigid.

• Agile focuses on delivering working software in short iterations, while waterfall follows a linear sequential approach.

• Agile allows for changes and adaptations throughout the project, while waterfall requires detailed planning upfront.

• Agile promotes collaboration and communication within the team, while waterfall relies on strict documentation and processes.

• Agile is better suited for projects with evolvi...read more

Agile is a project management methodology focused on iterative development, SDLC is the software development life cycle, and user stories are short descriptions of a feature told from the perspective of the end user.

• Agile is a project management approach that emphasizes flexibility, collaboration, and customer feedback.

• SDLC is the process of planning, creating, testing, and deploying software applications.

• User stories are short, simple descriptions of a feature told from the ...read more

I have expertise in a wide range of tools and technologies.

• Proficient in programming languages such as Java, Python, and C++

• Experience with databases such as MySQL, Oracle, and MongoDB

• Skilled in using various software development tools like Git, Jenkins, and JIRA

• Familiarity with cloud platforms like AWS, Azure, and Google Cloud

• Knowledge of machine learning frameworks such as TensorFlow and PyTorch

T24 is a banking software with extensive flow and functionality for design aspects.

• T24 is a core banking system used by many financial institutions worldwide.

• It offers a wide range of functionalities such as account management, payments, and loans.

• T24 has a flexible design that allows customization to meet specific business needs.

• It also has a robust workflow engine that enables automation of business processes.

• T24 supports various banking products and services, including ret...read more

OSI model is a conceptual model that characterizes and standardizes the communication functions of a telecommunication or computing system.

• OSI stands for Open Systems Interconnection.

• It has 7 layers: Physical, Data Link, Network, Transport, Session, Presentation, and Application.

• Each layer has a specific function and communicates with the adjacent layers.

• Example: Physical layer deals with the physical transmission of data, while the Application layer deals with user interface...read more

I use a variety of technologies depending on the project requirements.

• For web development, I use HTML, CSS, JavaScript, and various frameworks such as React and Angular.

• For backend development, I use languages such as Java, Python, and Node.js, and databases such as MySQL and MongoDB.

• For data analysis and visualization, I use tools such as Python's Pandas and Matplotlib, and Tableau.

• For project management and collaboration, I use tools such as Jira and Trello.

• For version cont...read more

Cyber attacks can take many forms, but two common types are phishing and ransomware.

• Phishing involves tricking individuals into divulging sensitive information, such as passwords or credit card numbers, through fraudulent emails or websites.

• Ransomware is a type of malware that encrypts a victim's files and demands payment in exchange for the decryption key.

• Other types of cyber attacks include DDoS attacks, malware, and social engineering.

• DDoS attacks involve overwhelming a we...read more

My approach on transition involves thorough planning, clear communication, and continuous support.

• Develop a detailed transition plan outlining key milestones and responsibilities

• Communicate effectively with all stakeholders to ensure alignment and manage expectations

• Provide ongoing support and training to facilitate a smooth transition process

Acceptance criteria are conditions that a product must satisfy to be accepted by a user, customer, or stakeholder.

• Acceptance criteria are typically defined during the planning phase of a project.

• They are used to determine whether a product or feature is complete and functioning as expected.

• Acceptance criteria are often written in a specific format, such as 'Given X, when Y, then Z.'

• They help ensure that the product meets the requirements and expectations of the stakeholders.

• E...read more

Power BI Services features include data visualization, interactive reports, dashboards, and data connectivity.

• Data visualization tools like charts, graphs, and maps

• Interactive reports for exploring data and gaining insights

• Dashboards for monitoring key metrics and KPIs

• Data connectivity to various sources like Excel, SQL databases, and cloud services

AS and IndAS are accounting standards used in India. IndAS is based on IFRS while AS is based on Indian GAAP.

• AS stands for Accounting Standards while IndAS stands for Indian Accounting Standards.

• AS is based on Indian GAAP while IndAS is based on International Financial Reporting Standards (IFRS).

• IndAS is more comprehensive and detailed than AS.

• IndAS is mandatory for certain companies while AS is being phased out.

• IndAS requires fair value accounting for certain assets and liab...read more

Our automation framework is a modular, data-driven framework built using Selenium and TestNG.

• Modular design allows for easy maintenance and scalability

• Data-driven approach separates test data from test scripts

• Integration with Selenium for web automation and TestNG for test execution and reporting

• Supports parallel execution for faster test runs

• Custom reporting for detailed test results analysis

I have experience in designing and implementing automation frameworks using various tools and technologies.

• Designed and implemented automation frameworks using Selenium WebDriver and TestNG

• Developed custom libraries and utilities to enhance automation capabilities

• Integrated automation with CI/CD pipelines using Jenkins

• Implemented BDD frameworks using Cucumber and Gherkin syntax

A strong process in the OT environment is crucial for ensuring patient safety and efficient operations.

• Establish clear protocols for all procedures and ensure all staff are trained on them

• Regularly review and update processes to ensure they are up-to-date and effective

• Implement technology solutions to streamline processes and reduce errors

• Ensure proper documentation and record-keeping to track performance and identify areas for improvement

A product and its flow

• The product flow refers to the process of how a product is created, distributed, and sold

• It involves various stages such as ideation, design, manufacturing, marketing, and sales

• The flow can vary depending on the type of product and industry

• For example, a software product may have a different flow compared to a physical product like a car

• Efficient product flow is crucial for the success of a business

I have over 5 years of experience in project management and have successfully led multiple teams to deliver complex projects on time and within budget.

• Managed project timelines and budgets

• Led cross-functional teams to achieve project goals

• Implemented project management best practices

• Communicated project status to stakeholders

• Delivered projects on time and within budget

Return unique elements from an array of strings

• Use a Set to store unique elements

• Iterate through the array and add each element to the Set

• Convert the Set back to an array to get the unique elements

Object-oriented programming concepts that focus on error handling and code organization.

• Encapsulation: Bundling data and methods that operate on the data into a single unit.

• Inheritance: Allowing a class to inherit properties and behavior from another class.

• Polymorphism: Ability for objects to take on different forms or have multiple behaviors.

• Abstraction: Hiding complex implementation details and showing only the necessary features.

• Example: Encapsulation in Java is achieved t...read more

Design patterns are reusable solutions to common problems in software design.

• Creational patterns: Singleton, Factory, Builder

• Structural patterns: Adapter, Decorator, Facade

• Behavioral patterns: Observer, Strategy, Template Method

Query optimization techniques are used to improve the performance of database queries.

• Use indexes to speed up query execution

• Avoid using SELECT * and only select the necessary columns

• Optimize joins by using appropriate join types like INNER JOIN, LEFT JOIN, etc.

• Use WHERE clause to filter data before processing

• Consider denormalizing data for frequently accessed columns

Remove duplicates from an array of strings

• Iterate through the array and store each element in a Set to remove duplicates

• Convert the Set back to an array to get the final result