JPMorgan Chase & Co. Finance Analyst Intern Interview Questions and Answers

Q1. What are common control transactions
Ans. 
Common control transactions are transactions between entities under common control, where one entity has control over the other.
• Common control transactions typically involve the transfer of assets, liabilities, or equity between entities under the same parent company.

• These transactions are not considered arm's length transactions as the entities involved are related.

• Examples of common control transactions include the t...read more
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Q2. What is risk assessment
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Risk assessment is the process of identifying, analyzing, and evaluating potential risks in order to make informed decisions.
• Identifying potential risks that could impact an organization's objectives

• Analyzing the likelihood and impact of each risk

• Evaluating the overall risk exposure and determining appropriate risk mitigation strategies

• Risk assessment helps in making informed decisions and prioritizing resources

• Example...read more
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1 hour and topics accounting

Good but a tricky one

Q1. Self introduction
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Q2. Education background
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Q1. Tell me about yourself?
Ans. 
Experienced financial analyst with a background in investment banking and strong analytical skills.
• I have a Bachelor's degree in Finance and have worked in investment banking for 5 years.

• Proficient in financial modeling, data analysis, and forecasting.

• Strong communication skills and ability to present complex financial information to stakeholders.

• Detail-oriented and able to work under pressure to meet deadlines.
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Q2. Where you find yourself in 5 years?
Ans. 
In 5 years, I see myself as a senior financial analyst leading a team and contributing to the strategic decision-making process of the company.
• Leading a team of financial analysts

• Contributing to strategic decision-making process

• Continuing professional development through certifications or advanced degrees
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The duration was 60 min and the topics were covered basic math, DILR and gk

I was told to review on 2007 financial scam and how it could have been avoided

Q1. Where you reside
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Q2. When will you join
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Topic about the financial analysis

Q1. What is the format for budgeting
Ans. 
Budgeting format involves creating a detailed plan for managing and allocating financial resources.
• Budgeting typically involves creating a spreadsheet or financial software program to track income, expenses, and savings goals.

• It is important to categorize expenses, set financial goals, and regularly review and adjust the budget as needed.

• Common budgeting formats include zero-based budgeting, incremental budgeting, and ...read more
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Q2. What is the formula for EBIT
Ans. 
EBIT formula calculates a company's earnings before interest and taxes.
• EBIT = Revenue - Operating Expenses

• Operating expenses include costs like salaries, rent, utilities, and depreciation

• EBIT is a measure of a company's profitability before taking into account interest and taxes

• Example: If a company has $1,000,000 in revenue and $500,000 in operating expenses, EBIT would be $500,000
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Q1. Tell me about yourself
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Q2. Why Morgan Stanley
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Q3. 3 strengths of working in a team
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Q4. Preferable areas
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Q5. What would you do in the following situation?
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