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Finoability Management Trainee Interview Questions and Answers

Updated 19 Dec 2024

Finoability Management Trainee Interview Experiences

2 interviews found

Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Campus Placement and was interviewed before Dec 2023. There was 1 interview round.

Round 1 - One-on-one 

(5 Questions)

  • Q1. Can you tell me about yourself?
  • Ans. 

    I am a recent graduate with a degree in Business Administration and a passion for leadership and problem-solving.

    • Graduated with a degree in Business Administration

    • Passionate about leadership and problem-solving

    • Completed internships in marketing and finance

    • Participated in student government and led a team project

  • Answered by AI
  • Q2. What led you to choose Finance as your career specialization?
  • Ans. 

    Passion for numbers and interest in analyzing financial data led me to choose Finance as my career specialization.

    • Strong interest in working with numbers and analyzing data

    • Passion for understanding financial markets and trends

    • Enjoyment of problem-solving and critical thinking in financial scenarios

  • Answered by AI
  • Q3. What is the income statement in simple terms?
  • Ans. 

    The income statement is a financial report that shows a company's revenues, expenses, and profits over a specific period of time.

    • Shows company's financial performance over a period

    • Includes revenues, expenses, and profits

    • Helps in evaluating profitability and financial health

    • Key components: revenue, cost of goods sold, gross profit, operating expenses, net income

    • Example: Company A's income statement for the year ended De...

  • Answered by AI
  • Q4. What is the difference between Portfolio Management and Wealth Management?
  • Ans. 

    Portfolio Management focuses on managing investments in a portfolio, while Wealth Management involves comprehensive financial planning and management for high-net-worth individuals.

    • Portfolio Management involves managing investments in a portfolio to achieve specific financial goals.

    • Wealth Management includes comprehensive financial planning, investment management, tax planning, estate planning, and other financial serv...

  • Answered by AI
  • Q5. Could you describe the Internship job description and specify which part of it intrigued you the most?
  • Ans. 

    The internship job description involved assisting with project management, data analysis, and client communication.

    • Assisting with project management tasks such as creating timelines and tracking progress

    • Conducting data analysis to identify trends and make recommendations

    • Communicating with clients to gather feedback and provide updates

    • The part that intrigued me the most was the opportunity to work on real projects and g...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - This internship is a must for finance freshers. Although it includes a small element of sales, the exposure you receive is undoubtedly commendable and unmatched.
Interview experience
3
Average
Difficulty level
-
Process Duration
-
Result
-
Round 1 - HR 

(1 Question)

  • Q1. Tell me about urself ? Nd basic finance question ratios and all

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Interview Tips & Stories
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Can speak English, can’t deliver in interviews
I feel like I can't speak fluently during interviews. I do know english well and use it daily to communicate, but the moment I'm in an interview, I just get stuck. since it's not my first language, I struggle to express what I actually feel. I know the answer in my head, but I just can’t deliver it properly at that moment. Please guide me
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Round 1 - HR 

(1 Question)

  • Q1. Tell me about yourself.
Round 2 - One-on-one 
Round 3 - HR 
Round 4 - Aptitude Test 

I applied via Referral and was interviewed before Mar 2021. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - One-on-one 

(1 Question)

  • Q1. They ask me about the last company duties and record to report related questions e.g. golden rules, prepaid expenses, accurate and journal entries...all were basic questions..
Round 3 - Behavioral 

(1 Question)

  • Q1. Prepaid and accural journal entries
  • Ans. 

    Prepaid and accrual journal entries are essential for accurate financial reporting and matching revenues with expenses.

    • Prepaid expenses are payments made in advance for goods/services to be received in the future. Example: Rent paid for the next month.

    • Accruals are expenses or revenues that are recognized before cash is exchanged. Example: Salaries earned by employees but not yet paid.

    • Prepaid expenses are recorded as as...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Just focus on your skills and go through your resume before going for an interview

I applied via Campus Placement and was interviewed in Apr 2021. There were 3 interview rounds.

Interview Questionnaire 

2 Questions

  • Q1. Basic info about Youself ,basic knowledge of accounting golden rules
  • Q2. Accounting standard knowledge

Interview Preparation Tips

Interview preparation tips for other job seekers - Basic accounting knowledge

I applied via Naukri.com and was interviewed in Jun 2021. There were 3 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. Fixed assets, month end closure process,excel formula

Interview Preparation Tips

Interview preparation tips for other job seekers - Be generic and realistic with your answer and opinions

I applied via Walk-in and was interviewed before Nov 2021. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - One-on-one 

(2 Questions)

  • Q1. Basic Question on Invoice processing but may vary candidate to candidate and it was just one round, then discussion with the HR.
  • Q2. Domain Questions are asked and one should be prepared for it as anything can be asked .

Interview Preparation Tips

Interview preparation tips for other job seekers - communication skill is important,
Prepare on what you have done in academics and why if you are fresher, it may be asked.
One last thing prepare for the profile you are going to give interview.
Are these interview questions helpful?

I applied via Naukri.com and was interviewed in Nov 2020. There were 3 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. About previous experience and job profile

Interview Preparation Tips

Interview preparation tips for other job seekers - Be patience until you received a call that you are rejected

I applied via Naukri.com and was interviewed in Nov 2020. There were 3 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. Question ask for R2R relted like bank reconciliation, what is accrual basis ?, they ask the role i performed in my previous organization.

Interview Preparation Tips

Interview preparation tips for other job seekers - 1.Prepare for the process you were going for interview.
2.Prepare about the role you have performed in the previous organization
3. Be confident throughout the interview.

I applied via Campus Placement and was interviewed before May 2021. There were 4 interview rounds.

Round 1 - Group Discussion 

It was more of a introduction of yourself and giving you simple situations to know you better like for eg if you have so much stress etc in a particular situation how would you react etc..
Or rate your self in confidence from 1 to 5

Round 2 - Technical 

(1 Question)

  • Q1. In this round, I got more of finance background questions since my MBA is in finance and also few IT related terms. So I was not aware on some hence tried it but no luck so learnt from them its meaning.
Round 3 - Technical 

(5 Questions)

  • Q1. Combine IT & Finance and tell some solutions
  • Ans. 

    Combining IT & Finance can lead to solutions like automation, data analysis, and improved financial reporting.

    • Automating financial processes using IT tools can save time and reduce errors

    • Data analysis can help identify trends and patterns in financial data, leading to better decision-making

    • IT can improve financial reporting by providing real-time data and customizable dashboards

    • Using blockchain technology can increase ...

  • Answered by AI
  • Q2. Mention your achievements
  • Q3. Mention how hardworking you are basis your EGs in life
  • Q4. More IT related terms were asked
  • Q5. Also location constraints were asked
Round 4 - HR 

(1 Question)

  • Q1. This round was more of discussion on the salary and location related questions

Interview Preparation Tips

Interview preparation tips for other job seekers - Learn more about HCL & News & IT practical egs in your domain like finance or HR etc..
Be confident
Show them you are looking forward to work.
Understand more about your job profile better

Finoability Interview FAQs

How many rounds are there in Finoability Management Trainee interview?
Finoability interview process usually has 1 rounds. The most common rounds in the Finoability interview process are HR and One-on-one Round.
What are the top questions asked in Finoability Management Trainee interview?

Some of the top questions asked at the Finoability Management Trainee interview -

  1. What is the difference between Portfolio Management and Wealth Manageme...read more
  2. What is the income statement in simple ter...read more
  3. Tell me about urself ? Nd basic finance question ratios and ...read more

Tell us how to improve this page.

Overall Interview Experience Rating

4/5

based on 2 interview experiences

Difficulty level

Moderate 100%

Duration

Less than 2 weeks 100%
View more

Finoability Management Trainee Reviews and Ratings

based on 3 reviews

4.1/5

Rating in categories

4.5

Skill development

4.3

Work-life balance

3.4

Salary

3.0

Job security

3.7

Company culture

3.7

Promotions

3.7

Work satisfaction

Explore 3 Reviews and Ratings
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