Lall Lahiri & Salhotra Senior Associate Interview Questions and Answers

Amex, also known as American Express, is a multinational financial services corporation known for its credit card services.

• American Express is commonly referred to as Amex.

• It is a multinational financial services corporation.

• Amex is known for its credit card services and rewards programs.

• The company was founded in 1850 and is headquartered in New York City.

• American Express cards are widely accepted worldwide.

American Express makes money primarily through fees charged to merchants and cardholders, as well as interest on outstanding balances.

• Merchant discount fees charged to businesses for accepting Amex cards

• Annual fees and interest charges on cardholders' balances

• Foreign exchange fees for international transactions

• Lending and investment services

• Partnerships with other companies for co-branded cards

Stock split is when a company divides its existing shares into multiple shares, while reverse split is when a company combines existing shares into fewer shares.

• Stock split increases the number of shares outstanding, but decreases the price per share.

• Reverse split decreases the number of shares outstanding, but increases the price per share.

• Stock split is usually done to make shares more affordable for investors, while...read more

List comprehension to find even numbers from 0 to 11

• Use list comprehension with condition for even numbers

• Syntax: [x for x in range(12) if x % 2 == 0]

• Example: ['0', '2', '4', '6', '8', '10']

Test driven development is a software development process where tests are written before the actual code.

• Write a failing test case based on requirements

• Write the minimum code to pass the test

• Refactor the code to improve quality and maintainability

• Repeat the process for each new feature or change

I performed testing by utilizing various unit testing modules such as JUnit and Mockito.

• Utilized JUnit for testing individual units of code

• Used Mockito for mocking dependencies in unit tests

• Implemented test cases to ensure proper functionality and identify bugs

I have diverse experience in various industries, seeking growth opportunities and challenges.

• Worked in finance, healthcare, and technology industries

• Focused on project management, data analysis, and client relations

• Seeking opportunities for professional growth and development

My expected compensation is based on my experience, skills, and the market rate for Senior Associates in this industry.

• Research the average salary range for Senior Associates in the industry

• Consider my years of experience and relevant skills when determining my expected compensation

• Be open to negotiation based on the overall compensation package offered

The capital market is a financial market where individuals and institutions trade financial securities.

• It facilitates the buying and selling of stocks, bonds, and other long-term investments.

• It provides a platform for companies to raise capital by issuing stocks or bonds.

• Investors can earn returns through capital appreciation or dividends.

• Examples of capital market institutions include stock exchanges, investment banks

A journal entry for a buy transaction involves debiting the asset account and crediting the cash account.

• Debit the asset account for the cost of the purchase

• Credit the cash account for the amount paid

• If the purchase was made on credit, credit the accounts payable account instead of cash

• Example: Debit Equipment for $10,000 and credit Cash for $10,000

Incentive fees are calculated based on a percentage of the profits earned by the investment manager.

• Incentive fees are typically calculated as a percentage of the profits earned by the investment manager

• The percentage charged can vary depending on the terms of the agreement between the investment manager and the client

• For example, if the investment manager earns a profit of $100,000 and the agreed-upon incentive fee is...read more

The golden rules are fundamental principles or guidelines that should be followed for success or ethical behavior.

• Golden rules are universal and timeless.

• They are often based on moral or ethical values.

• Examples include 'treat others as you want to be treated' and 'do unto others as you would have them do unto you.'