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JPMorgan Chase & Co. Junior Analyst Interview Questions and Answers for Freshers
6 Interview questions
A bond is a type of debt security issued by companies or governments, while a debenture is a type of bond that is not secured by collateral.
Bonds are secured by collateral, while debentures are not.
Bonds have a fixed interest rate, while debentures may have a floating interest rate.
Bonds are typically issued by companies or governments to raise capital, while debentures are often issued by corporations.
Examples of...
The balance sheet for banking sector shows the assets, liabilities and equity of the bank at a specific point in time.
Assets include cash, loans, investments, and property
Liabilities include deposits, loans from other banks, and bonds
Equity includes the bank's capital and reserves
The balance sheet must balance, with assets equaling liabilities plus equity
The balance sheet is used to analyze the financial health of...
Buying equipment affects all 3 financial statements
On the income statement, the purchase will be recorded as an expense, reducing net income
On the balance sheet, the equipment will be recorded as an asset, increasing total assets
On the cash flow statement, the purchase will be recorded as a cash outflow from investing activities
The Eurozone debt crisis was a financial crisis that occurred in the European Union from 2009 to 2012.
The crisis was caused by a combination of factors, including high government debt, low economic growth, and a lack of competitiveness.
Some countries, such as Greece, had borrowed heavily and were unable to repay their debts, leading to fears of default.
The crisis led to bailouts of several countries by the Europea...
What people are saying about JPMorgan Chase & Co.
Working capital is the difference between current assets and current liabilities of a company.
It is the amount of money a company has available for its day-to-day operations.
It is calculated by subtracting current liabilities from current assets.
Positive working capital means the company has enough funds to cover its short-term obligations.
Negative working capital means the company may struggle to meet its short-t...
A deferred tax asset is an accounting concept that represents a future tax benefit for a company.
It arises when a company has overpaid taxes or has carried forward tax losses from previous years.
It can be used to offset future tax liabilities and reduce the company's tax bill.
Examples include tax credits, unused tax deductions, and net operating losses.
Deferred tax assets are recorded on the balance sheet as an as...
JPMorgan Chase & Co. Junior Analyst Interview Experiences for Freshers
4 interviews found
Mayur Mundada
I applied via Referral
Interview Questionnaire
11 Questions
- Q1. Explain the Eurozone debt crisis
- Ans.
The Eurozone debt crisis was a financial crisis that occurred in the European Union from 2009 to 2012.
The crisis was caused by a combination of factors, including high government debt, low economic growth, and a lack of competitiveness.
Some countries, such as Greece, had borrowed heavily and were unable to repay their debts, leading to fears of default.
The crisis led to bailouts of several countries by the European Uni...
- Q2. Difference between a bond and a debenture
- Q3. What is working capital
- Ans.
Working capital is the difference between current assets and current liabilities of a company.
It is the amount of money a company has available for its day-to-day operations.
It is calculated by subtracting current liabilities from current assets.
Positive working capital means the company has enough funds to cover its short-term obligations.
Negative working capital means the company may struggle to meet its short-term o...
- Q4. Explain how the balance sheet works for banking sector
- Ans.
The balance sheet for banking sector shows the assets, liabilities and equity of the bank at a specific point in time.
Assets include cash, loans, investments, and property
Liabilities include deposits, loans from other banks, and bonds
Equity includes the bank's capital and reserves
The balance sheet must balance, with assets equaling liabilities plus equity
The balance sheet is used to analyze the financial health of the ...
- Q5. If I buy a piece of equipment, walk me through the impact on the 3 financial statements
- Ans.
Buying equipment affects all 3 financial statements
On the income statement, the purchase will be recorded as an expense, reducing net income
On the balance sheet, the equipment will be recorded as an asset, increasing total assets
On the cash flow statement, the purchase will be recorded as a cash outflow from investing activities
- Q6. What is goodwill ?
- Ans.
Goodwill is an intangible asset that represents the value of a company's brand, reputation, and customer base.
Goodwill is recorded on a company's balance sheet as an asset.
It is calculated as the difference between the purchase price of a company and the fair market value of its net assets.
Goodwill can be created through acquisitions, mergers, or by building a strong brand and reputation over time.
Goodwill is subject t...
- Q7. What is a deferred tax asset ?
- Ans.
A deferred tax asset is an accounting concept that represents a future tax benefit for a company.
It arises when a company has overpaid taxes or has carried forward tax losses from previous years.
It can be used to offset future tax liabilities and reduce the company's tax bill.
Examples include tax credits, unused tax deductions, and net operating losses.
Deferred tax assets are recorded on the balance sheet as an asset.
T...
- Q8. Tell me about yourself
- Ans.
I am a recent graduate with a degree in finance and a passion for data analysis.
Graduated with a degree in finance
Passionate about data analysis
Completed internships in financial analysis
Proficient in Excel and SQL
Strong communication and problem-solving skills
- Q9. Why finance or investment banking ?
- Ans.
I am passionate about finance and investment banking because of the dynamic nature of the industry and the opportunity to work with clients to achieve their financial goals.
I enjoy analyzing financial data and making informed investment decisions
I am fascinated by the constantly changing market trends and economic conditions
I am excited about the opportunity to work with clients to help them achieve their financial goa...
- Q10. How did you develop your interest towards this field ?
- Ans.
I developed my interest in this field through a combination of personal curiosity and academic exposure.
I have always been fascinated by the intersection of technology and business
I pursued a degree in business with a focus on data analysis
I took courses in statistics and programming to develop my skills
I completed internships in data analysis and market research
I read industry publications and attended conferences to ...
- Q11. What are your strengths and weaknesses ?
- Ans.
My strengths include attention to detail, analytical thinking, and adaptability. My weaknesses include public speaking and time management.
Strengths: attention to detail
Strengths: analytical thinking
Strengths: adaptability
Weaknesses: public speaking
Weaknesses: time management
Interview Preparation Tips
Experience: I had done a couple of finance projects, one internship in a VC firm and published a paper at IIM Calcutta. All this excited the interviewer and he started grilling me about various questions related to the course projects, generally about basic terms in finance and about my internship. These answers I had well prepared and hence were smooth to answer. But what was unexpected is where it would lead to once you answer the initial set of questions. I was asked to explain Eurozone debt crisis in simple language. I had also given CFA and FRM level 1 exams and there were a few questions related to risk management and portfolio investment.
PS: Please note that since I had done so many things related to the core work at JP Morgan I was asked a lot of questions in core finance. IT IS NOT AT ALL NECESSARY that you will be asked the same questions.
Tips: Know the basics really well. It goes a long way if you know the concepts crystal clear. You can watch a few videos that explain the various crises and why they happened on Youtube. ( I have put up the links in the preparation material section). Be confident and if you don't know the answer, be straightforward to tell that you are not aware of that or maybe even have forgotten at the moment. Honesty helps! The interviewer can always guide you if you are stuck somewhere so ensure you attempt to answer or atleast get closer to the answer. Many a times they want to look into or analyze your thought process rather than getting the correct exact answer itself!
Round: Problem Statement
Experience: It should be easy if your fundamentals are really clear. The case as such does not matter much since the positives and negatives of different valuation models are pretty much well known. I showed on how i arrived at the number using the Discounted Cash Flow (DCF) Valuation model and Comparative Comparison Valuation model. They also wanted to check on how well you write and are able to put out on paper as this was a Junior Analyst interview for a Equity Research Analyst role.
Tips: Revise the various types of valuation models well and know the assumptions correctly. Models could get really complex sometimes but you should be clear with how you get at the final number and be able to explain it easily. Conceptually this is very interesting. This pretty much forms the basics of a lot of concepts in finance.
Round: HR Interview
Experience: This was a simple round. Usually you know the HR round questions already and hence you know how you could answer and even manipulate and steer the interview in your favour. Ensure you are clear with basic questions about how you got interested in this field and why you would like to pursue finance as a career option and not your core field (in my case it was civil engineering). A clear and simple story with facts shows that you have prepared well for the interview and have something concrete to say. So do prepare for these kind of questions and don't take them lightly.
Tips: Practice out loud alone and with your friends and take feedback. Most of the times you would yourself realize that you have not answered in the best way possible. But at the same time do not push yourself so much that you get confused at the end moment. Keep a good balance. Try writing down points on a piece of paper and then frame them accordingly on the spot. It always better to know the important points instead of "mugging up an answer". A good interviewer can always tell the difference.
Preparation for this round actually helps you connect with your inner self and you start to ask yourself why you think you deserve this job and why this is a very good bet as a career option. Hence do go through this exercise atleast a few times! :)
General Tips: In my case I had prepared a lot from various resources. I have put it out in detail in the previous section section.
CFA and FRM exams helped a lot for building a strong foundation but more importantly you actually need to be passionate about financial markets, how investment banks function, know the work details about your job profile and be excited about finance in general.
Do not try and put things in resume that you think will "look" very good but you wouldn't be able to explain it thoroughly. The job is very demanding and requires long working hours, so be prepared for it. Know some basic numbers like GDP of top economies, population, interest rates, valuations, etc so that even if you guess things it should sound reasonable.
Skill Tips: The best way to prepare would be actually building financial models, doing an internship in a financial services firm and getting a first hand experience of all the above. Theory part can be understood through CFA or FRM Level 1 books which pretty much cover the basics of finance.
Skills: Financial Modeling, Valuations, Mergers & Acquisitions, Basics of stock market, Portfolio Management, Risk Management
College Name: IIT MADRAS
Motivation: I was very keen to work at an Investment Bank. I had given CFA and FRM Level 1 and it had got me very excited about financial markets in general. I was trading part time and thoroughly enjoyed it. JP Morgan being one of the largest and most reputed Investment Banks I thought would give me exposure to various facets of equity research and thus improve my knowledge and understanding about markets. Also I was referred by my senior Kartheek Konanki who was an alum of IIT-Madras and the idea of having working with a lot of colleagues from various IITs excited me.
Funny Moments: I was asked a lot of questions about the movies I had seen like Wall Street, Boiler room and was asked to explain what happened to which character and why ? and that was not expected :P But they did make me comfortable and referred me other movies and books that would make learning all the more interesting. Net-net I think the interview had its fair share of ups and downs :D
Anonymous
Interview Preparation Tips
Experience: Resume shortlist around 120 from entire batch.
Mainly CG and overall performance. Any minor fin point in resume is sufficient to get shortlisted
Round: Test
Experience: Essay test: It tests your general awareness about different events and your motivation towards fin apart from the obvious grammar.
Tips: Your true motivation towards fin. Grammatical skills, English writing skills and knowledge of various sectors / general knowledge will help you write better argumentative precise answers
Round: HR Interview
Experience: : Consisted mainly of HR and resume and minor fin basic questions. This was an elimination round.
Round: Technical Interview
Experience: Questions related to various sectors, investment in stocks, trends of companies, markets, 2 puzzles & a guesstimate. Questions on my internship which they found impressive
Round: Case Study Interview
Experience: Case & Guesstimate: case part was deciding for selection
General Tips: Pursue all your
interests with full passion. Do not compromise on
Acads and Cg at any cost. PLEASE do not pursue
things for resume points.
College Name: IIT MADRAS
Interview Questionnaire
2 Questions
- Q1. Tell me about yourself
- Q2. Name 2 sectors where you will invest and 2 sectors where you won’t? Why?
Interview Preparation Tips
Experience: Resume shortlist based on exposure to finance field.
Tips: Exposure to finance will be beneficial.
Round: Test
Experience: Essay test. Timing 1 hr. 2 essays on general topics. Q1. Why Finance? (Compulsory to answer)Q2. What India needs to do to become a superpower by 2020? (optional 1 out of 2 questions).
Tips: English skills, grammar and essay writing skills will be beneficial.
Round: HR Interview
Experience: 2 rounds.Starts with general HR questions like: Tell me about yourself.
Then a thorough review of my resume and detailed question on finance courses and internship. Questions on the basis of my answers to this question were asked. So make sure you know what you are talking about.
Current events questions. Take on market as in where to invest and where not to with proper reasoning.Some simple puzzles and behavioral questions.
Then they let us ask if we have any questions.
Tips: Be confident and have logics to your answer and a certain finance inclination.
HR is very important in Non-core. People sort of leave it at last minute and then they sound like scripted in interview. SO give yourself some time at least 10-15 days for getting your HR answers look right and real. Speak in front of friends or mirror.
General Tips: 1st and 2nd year:
Just explore different options to figure out your interests. Don’t restrict yourself and try every opportunity you get in any field.
3rd year:
Polish you selected area of interest. Talk to seniors and figure out best way forward for you.
4th year:
keep learning and make sure you have direction in your interest and not do anything and everything that comes your way in an interest field. Your resume should tell a “ I figured my interest out” like story.
College Name: IIT MADRAS
Interview Questionnaire
8 Questions
- Q1. How was your previous interview?
- Ans.
It was a challenging interview, but I felt confident in my responses.
The interviewer asked thought-provoking questions
I was able to showcase my skills and experience
I received positive feedback on my answers
Overall, it was a great learning experience
- Q2. Are you introvert or extrovert, leader or follower
- Ans.
I am an ambivert who can adapt to both leadership and follower roles depending on the situation.
I am comfortable in social situations but also enjoy my alone time
I can take charge and lead a team when necessary
I am also able to follow instructions and work collaboratively with others
Examples: I have led group projects in school but also worked as a team member in a professional setting
- Q3. Strengths, Weaknesses-cross questioning on those
- Q4. Your biggest achievement you are proud of
- Ans.
My biggest achievement is completing a challenging project within a tight deadline.
Successfully completed a project within a tight deadline
Received appreciation from the client for the quality of work
Managed a team of 5 members and ensured timely delivery
Implemented innovative solutions to overcome project challenges
- Q5. Are you flexible with late working hours, any location preferences etc
- Ans.
Yes, I am flexible with late working hours and location preferences.
I am willing to work beyond regular hours if required
I am open to working in different locations as per company's needs
I understand the importance of being flexible in a dynamic work environment
- Q6. Family Background
- Q7. Pressure situation you have faced and how you handled it
- Ans.
Handled pressure situation by prioritizing tasks and seeking help from team members.
Prioritized tasks based on urgency and importance
Communicated with team members to delegate tasks and seek help
Remained calm and focused to avoid making mistakes
Completed tasks within deadline despite pressure
Learned from the experience to improve future performance
- Q8. Why jpmc?
- Ans.
JPMC is a leading global financial services firm with a strong reputation for innovation and excellence.
JPMC has a strong reputation for innovation and excellence in the financial services industry
The company offers a wide range of opportunities for career growth and development
JPMC is committed to diversity and inclusion, and has been recognized for its efforts in this area
The company has a strong focus on technology ...
Interview Preparation Tips
Experience: This had 4 sections of 20 mcqs each. We were allotted 20 mins for each section after which theinvigilator would take away the respective section’s question paper.The 1st section was Verbal Ability.The questions were based on passages,complete the sentences with appropriate option and other general English qns such as find out error in the sentence. No question on synonym antonym except maybe 1 passage based question of that sort .English section was doable. Logic was the next section, it had questions based on blood relations, coding and decoding letters, direction sense , a passage on cubes and other logical questions which were easy overall Quants was next section which was a bit lengthy and had questions on pipes, speed distance and other prominent quants topics.Next was the programming section which had language independent questions of predict for the output of code, identify correct code, output of flowcharts and algorithms, multiple loops. Adifficult section overall.About 80 students appeared and around 37 were shortlisted
Duration: 80 minutes
Round: Technical Interview
Experience: There was no GD round unlike previous years and we had the technical round directly. I was asked to give a briefing about the projects I had done so for this ,one should know the purpose of the project ,the technology used ,the role you played ,the challenges you faced etc. Seeing my resume he asked me what I had learnt in a networking workshop I had mentioned it along with 3-4 other technical workshops. I barely remembered anything about itand said to him that I had attended it in my second year and I didn’t remember much.I alsouttered a few concepts on networking I could recollect. So make sure you don’t appear dumb about anything throughout the interview and keep the conversation going or don’t write things which you don’t remember just for enhancing your resume as it could back-fire on you.Asked me what is relational database Which editor is used in linux, what is shell scripting,commands in linux? Why JPMC?
Round: HR Interview
Experience: They don’t grill you much on technical. They just want to make sure that you will fit into their environment and work culture. Have the basic knowledge of every subject so that you can show that you have some idea and can drift the conversation in that direction if you are stuck
College Name: IIT MADRAS
Interview questions from similar companies
I applied via Recruitment Consultant and was interviewed before Jun 2020. There were 3 interview rounds.
Interview Questionnaire
1 Question
- Q1. Project Overview BA/PO related questions Domain and Behavioral questions
Interview Preparation Tips
Be confident of the behaviour questions as per the past and practical experience
I appeared for an interview in Jan 2017.
Interview Questionnaire
3 Questions
- Q1. 1. Why do you want to join Citi?
- Ans.
I want to join Citi because of its global presence, strong reputation, and opportunities for growth.
Citi is a global company with a presence in over 100 countries, which provides an opportunity to work with diverse teams and gain international exposure.
Citi has a strong reputation in the financial industry, known for its expertise and innovative solutions.
Citi offers excellent career development opportunities, includin...
- Q2. 2. Why do you want a career in banking? And not consulting or finance?
- Ans.
I am interested in a career in banking because of the opportunities for growth, the dynamic nature of the industry, and my passion for financial analysis.
Opportunities for growth: Banking offers a wide range of career paths and opportunities for advancement. I am excited about the potential to develop my skills and progress within the industry.
Dynamic nature of the industry: Banking is constantly evolving, with new tec...
- Q3. 3. How has the Indian Economy performed in the past 2 years?
- Ans.
The Indian economy has experienced mixed performance in the past 2 years.
GDP growth rate has fluctuated
Demonetization and GST implementation impacted the economy
Unemployment rate has been a concern
Inflation has remained relatively low
Foreign direct investment has increased
Agricultural sector faced challenges due to weather conditions
Interview Preparation Tips
Experience: My resume had gotten shortlisted for the profile of an Analyst. This was the first stage.
Round: Group Discussion
Duration: 20 minutes
College Name: Lady Shri Ram College
Interview Preparation Tips
Experience: There were 25 MCQs and 2 case studies (one was guesstimate and other was a strategy case).
Round: Other Interview
Experience: We had 4 rounds of interviews, each lasting for about 15 minutes. In each one, they asked something from the resume and some puzzles, probability questions and this was again because I told them I like Maths. Last one was telephonic and they asked me about my family background.
General Tips: Be yourself. Prepare everything from your resume. Take a good sleep before the interview. Don't pretend to be over-smart and DO NOT argue with them.
Skills: Puzzle solving skills, Probability
College Name: IIT KANPUR
Kautuk Kushansh
Interview Questionnaire
1 Question
- Q1. Probability based optimization problem
- Ans.
Probability based optimization problem
Probability based optimization problems involve finding the optimal solution considering uncertain outcomes
These problems often require the use of mathematical models and statistical analysis
Examples include portfolio optimization, resource allocation, and production planning
Solving such problems involves determining the probabilities of different outcomes and optimizing the decisi...
Interview Preparation Tips
Experience: Basic CAT level questions of Data Sufficiency
Tips: CAT preparation would help. Strong basics in High school mathematics needed, along with some smart thinking at times.
Duration: 30 minutes
Total Questions: 50
Round: Case Study Interview
Experience: 15 minutes given for an almost impossible to get an answer problem. Later asked to explain your solution. The approach matters much much more than the final answer.
Tips: Be cool, think basics. Don't forget elementary things that units conversion, unitary methods, probability distributions etc. If while explaining, you realize you actually made a mistake while attempting the problem, acknowledge it and explain the correct approach from there on, rather than trying to disguise your mistake.
Round: Technical Interview
Experience: Things like, why Citi, prior experience with data analytics, examples from real life for mathematical concepts highlighted in Resume. Some general awareness related questions asked!
Tips: Be thorough through the resume. Act smart and reply what they want to hear. It's okay to ask them for a few minutes in case you want to think before answering something rather than mumbling what comes to your mind first!
Round: HR Interview
Experience: Again things like why Citi, why analytics. This round seemed more out of formality than for selection.
General Tips: Keep calm, and take the interview as a conversation - unless it's a stress interview. Always take your time and think before you answer anything rather than mumbling out the first thing that comes to your mind.
Skills: Probability, Statistics, Analytical skills
College Name: IIT MADRAS
Motivation: Needed a break into the Finance sector!
Interview Preparation Tips
Experience: There were 25 MCQs. This was followed by 2 case studies, one guess estimate and the other was strategy case.
Round: Interview
Experience: It was for about 15 minutes. There were 4 such rounds. Questions were asked from resume, Some puzzles and questions on probability were asked because I told them that I like mathematics.
Round: Interview
Experience: This was over the telephone. They asked about my family background.
General Tips: Be yourself. Prepare from your resume thoroughly.
Have enough sleep before your interview as this will affect your performance.
Do not pretend to be over-smart, and DO NOT argue.
And lastly, prepare well, as in the end, it will all seem worth your efforts.
College Name: IIT KANPUR
Interview Preparation Tips
Experience: The test had 25 MCQs and 2 case studies, one guesstimate and the other was strategy case.
Total Questions: 25
Round: Other Interview
Experience: Had 4 rounds of interviews, of 15 minutes each.
Questions asked were from my resume, some puzzles and some questions on probability as I had mentioned my liking for maths.
Round: Other Interview
Experience: The last round was a telephonic one, where questions were asked about my family background.
General Tips: Prepare well from your resume. Rest well before your interview, it could affect your performance. And Do not to be over-smart. Do not argue with your interviewers.
College Name: IIT KANPUR
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