FactSet Interview Questions, Process, and Tips

There was 1hr 30 mins test with questionnaire from basic aptitude, accounts , reasonings etc

We were told to submit a ppt on factset

Q1. Your introduction
Ans. 
I am a recent graduate with a degree in Business Administration and a passion for leadership and problem-solving.
• Recent graduate with a degree in Business Administration

• Passionate about leadership and problem-solving

• Strong communication and interpersonal skills

• Experience in team projects and extracurricular activities
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Q2. Basic accounting
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Q1. What is t test?
Ans. 
T test is a statistical test used to determine if there is a significant difference between the means of two groups.
• T test is used to compare the means of two groups to see if they are significantly different.

• It is commonly used in hypothesis testing to determine if there is a significant difference between two sample means.

• There are different types of t tests such as independent samples t test, paired samples t test, ...read more
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Q2. What is central limit theorem?
Ans. 
Central Limit Theorem states that the sampling distribution of the sample mean approaches a normal distribution as the sample size increases.
• Central Limit Theorem is a fundamental concept in statistics that states that the distribution of sample means approximates a normal distribution, regardless of the shape of the original population distribution.

• It is important in inferential statistics as it allows us to make infe...read more
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Q1. What is auc roc curve?
Ans. 
AUC ROC curve is a graphical representation of the performance of a classification model.
• AUC stands for Area Under the Curve and ROC stands for Receiver Operating Characteristic.

• It is used to evaluate the performance of binary classification models.

• The curve plots the true positive rate against the false positive rate at various threshold settings.

• A perfect model would have an AUC ROC score of 1, while a random model w
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Q2. What is gini index?
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Gini index is a measure of inequality in a set of values, often used in decision tree algorithms.
• Gini index ranges from 0 (perfect equality) to 1 (maximum inequality).

• It is commonly used in decision trees to determine the impurity of a node.

• A lower Gini index indicates a more homogeneous set of values.

• Formula: Gini Index = 1 - (sum of squared probabilities of each class in the node).
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Q1. What are the financial statements?
Ans. 
Financial statements are formal records of the financial activities and position of a business, organization, or individual.
• Financial statements include the balance sheet, income statement, cash flow statement, and statement of changes in equity.

• Balance sheet shows assets, liabilities, and equity at a specific point in time.

• Income statement shows revenues and expenses over a period of time.

• Cash flow statement shows the...read more
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Q2. What do you know about Factset?
Ans. 
Factset is a financial data and software company providing analytics, research, and data to investment professionals.
• Factset offers a wide range of financial data and analytics tools for investment professionals

• It provides real-time data, research, and analysis on global financial markets

• Factset's software solutions help users make informed investment decisions

• The company was founded in 1978 and is headquartered in Nor
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It was OA round with MCQs with questions related to SQL , AWS & Basic aptitude questions

Q1. You will get Questions from Your resume mainly Oops , Java , SQL
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Q1. It was supposed to be HR but you will still get Technical questions related to SQL
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It includes questions from all areas like account verbal ability no series

Q1. What is golden rules of accounting
Ans. 
The golden rules of accounting are basic principles that guide the process of recording financial transactions.
• The three golden rules of accounting are: Debit what comes in, Credit what goes out, Debit the receiver, Credit the giver, Debit all expenses and losses, Credit all incomes and gains.

• These rules help ensure that financial transactions are accurately recorded and classified in the accounting system.

• For example,...read more
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Q2. What is the role of research analyst
Ans. 
Research analysts are responsible for gathering, analyzing, and interpreting data to provide insights and recommendations for decision-making.
• Conducting research to gather data from various sources

• Analyzing data using statistical techniques and software

• Interpreting findings to provide insights and recommendations

• Preparing reports and presentations to communicate findings to stakeholders

• Staying updated on industry trend
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You have to pass the hackerrank assessment before they could contact you

Q1. Tell us about yourself
Ans. 
I am a dedicated and detail-oriented engineer with a passion for problem-solving and continuous learning.
• Graduated with a degree in Engineering from XYZ University

• Completed internships at ABC Company and gained hands-on experience in project management

• Proficient in CAD software and technical drawing

• Strong communication skills and ability to work well in a team
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Q2. Expected salary
Ans. 
My expected salary is in line with industry standards and reflects my experience and qualifications.
• Research industry standards for Associate Engineer salaries

• Consider my experience and qualifications when determining salary expectations

• Be prepared to negotiate based on the company's offer and benefits package
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