IBS Software Services Associate Business Consultant Interview Questions and Answers

Clear and general to the point questions

Q1. Basic why you are leaving your previous job
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Q2. What are you looking for
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Q1. Salary expectation
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Q2. Basic about your background details earlier experience
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Q1. Study about the banking. Specifically lending domain. Questions around Repayment schedule of a loan. Some situational questions.
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This was an online test, not sure on what basis they have kept the test, it is purely useless, the test which they have given me was of 2020 which is 3-4 years old, this shows how the company is not attentive to detail.

Q1. It was a virtual interview,this was a good round, where the senior had taken the interview, questions were on Business Analyst, your previous experience, some scenario based questions, SQL related question...read more
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Q1. This was F2F round(panel interview), the interviewer was not sure there was a interview scheduled today, questions were based on my past experience some SQL questions and some scenario based questions (the...read more
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Which is important? Money or passion.

Q1. Tell me about yourself
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Q1. What is technical knowledge you have?
Ans. 
I have technical knowledge in data analysis, SQL, business intelligence tools, and process improvement.
• Proficient in data analysis techniques and tools

• Strong understanding of SQL for querying databases

• Experience with business intelligence tools like Tableau or Power BI

• Skilled in process improvement methodologies like Six Sigma
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Q2. What are the Programming langauge you have known?
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I am proficient in programming languages such as SQL, Python, and R.
• SQL

• Python

• R
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Q1. What are the Banking projects you worked on?
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I have worked on various banking projects including digital transformation, risk management, and customer experience enhancement.
• Implemented a digital banking platform to improve customer experience

• Developed risk management systems to monitor and mitigate financial risks

• Led projects to enhance online banking security measures

• Collaborated with cross-functional teams to implement new payment processing systems
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Q2. What are the software methodologies you worked on.
Ans. 
I have experience working with Agile, Scrum, Waterfall, and Lean methodologies.
• Agile methodology focuses on iterative development and collaboration.

• Scrum is a framework for managing work on complex projects.

• Waterfall methodology follows a linear sequential flow.

• Lean methodology focuses on maximizing customer value while minimizing waste.
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Q1. Salary Expectation and previous salary
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Q1. How much experience do you have?
Ans. 
I have 5 years of experience as a Business Analyst in various industries.
• 5 years of experience as a Business Analyst

• Worked in various industries such as finance, healthcare, and technology

• Experience in data analysis, requirements gathering, and process improvement
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Q2. How much salary do you expect?
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Q1. What are upstream & downstream impacts?
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Upstream impacts refer to effects that occur earlier in a process, while downstream impacts refer to effects that occur later.
• Upstream impacts are changes or events that happen at the beginning of a process or supply chain.

• Downstream impacts are changes or events that happen as a result of actions taken earlier in the process.

• Examples of upstream impacts include changes in raw material prices, supplier disruptions, or ...read more
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Q2. Ways in which projects can be prioritised?
Ans. 
Projects can be prioritised based on strategic alignment, resource availability, ROI, and stakeholder impact.
• Consider strategic alignment with organizational goals and objectives

• Assess resource availability including budget, time, and expertise

• Evaluate potential ROI and benefits of each project

• Take into account stakeholder impact and urgency of the project

• Use prioritization frameworks like MoSCoW method or Value vs. Co
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Q3. Ways in which manual entry data can be streamlined?
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Manual entry data can be streamlined through automation, validation checks, standardization, and user training.
• Implement automation tools to reduce manual data entry tasks

• Use validation checks to ensure data accuracy and completeness

• Standardize data entry formats and fields to improve consistency

• Provide user training on efficient data entry practices
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