FactSet Interview Questions and Answers

The test will comprise a total of 60 questions, divided as follows: 70% of the questions will focus on finance and accounting, while the remaining questions will cover aptitude and English.

Q1. Zero coupon bonds, long-term liabilities, return on equity, debt-equity ratio, captial budgeting and techniques, bonds and its types, debt instruments meaning, collateral, mortgage, spin off, demerger, mer...read more
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Core finance questions.

Q1. Mergers and acquisitions, Stock split, Dividend.
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Q2. Introduction,
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Q1. Behavioral questions with manager
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Verbal, reasoning and others

Q1. What is balance sheet? Examples
Ans. 
A balance sheet is a financial statement showing a company's assets, liabilities, and equity at a specific point in time.
• Assets: Resources owned by the company (e.g., cash, inventory, property).

• Liabilities: Obligations owed to outsiders (e.g., loans, accounts payable).

• Equity: Owner's claim after liabilities are deducted from assets (e.g., common stock, retained earnings).

• Example: A company with $100,000 in assets, $60,...read more
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Q2. Difference between mutual fund and ETF?
Ans. 
Mutual funds are actively managed, while ETFs are passively traded on exchanges like stocks.
• Mutual funds are typically managed by a fund manager, while ETFs usually track an index.

• ETFs can be bought and sold throughout the trading day, unlike mutual funds which are traded at the end of the day.

• Mutual funds often have higher fees due to active management, whereas ETFs generally have lower expense ratios.

• Example of a mut...read more
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Q1. Are you okay with day or night shift?
Ans. 
I am flexible with both day and night shifts, as I prioritize the needs of the team and the organization.
• I have experience working both shifts in previous roles, adapting my schedule as needed.

• For example, during a project deadline, I willingly took on night shifts to ensure timely completion.

• I understand that different shifts may require different levels of focus and energy, and I am prepared for both.

• I believe that w...read more
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Q2. What’s your salary expectations?
Ans. 
I am looking for a competitive salary that reflects my skills and experience, ideally in the range of $60,000 to $70,000.
• Research industry standards: For a Research Analyst, salaries typically range from $55,000 to $75,000 depending on experience.

• Consider my experience: With 3 years of experience in data analysis, I believe a salary closer to $70,000 is appropriate.

• Location matters: Salaries can vary significantly by r...read more
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General question about finance.

Q1. What is your knowledge of financial reports?
Ans. 
I have a strong knowledge of financial reports including income statements, balance sheets, and cash flow statements.
• Proficient in analyzing income statements to assess a company's revenue and expenses

• Skilled in interpreting balance sheets to understand a company's assets, liabilities, and equity

• Experienced in evaluating cash flow statements to determine a company's liquidity and financial health
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Q2. Different types of bonds
Ans. 
Different types of bonds include corporate bonds, government bonds, municipal bonds, and convertible bonds.
• Corporate bonds are issued by corporations to raise capital and typically offer higher yields but also higher risk.

• Government bonds are issued by governments to finance public spending and are considered low-risk investments.

• Municipal bonds are issued by local governments to fund public projects and are often exem...read more
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