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Principal Mutual Fund Interview Questions and Answers

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Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Not Selected

I applied via Company Website and was interviewed in Nov 2024. There were 13 interview rounds.

Round 1 - Technical 

(2 Questions)

  • Q1. What is the Entity-Relationship (ER) model?
  • Q2. What are the advantages of using threads compared to processes?
Round 2 - Coding Test 

Google primarily focuses on pure data structures and algorithms-based questions during coding interviews. Other computer science core topics are typically not covered in Google's interviews. Therefore, it is essential to be proficient in data structures and algorithms to succeed in the Google coding interview.

Round 3 - Aptitude Test 

An aptitude test is a tool used to evaluate a person's skills, abilities, and potential for success in a specific role or activity.

Round 4 - Group Discussion 

Group discussion is a process of exchanging ideas and opinions among individuals on a specific topic. It is a structured form of communication in which participants have the opportunity to express their views while also listening to others' perspectives on the same subject.

Round 5 - HR 

(2 Questions)

  • Q1. What are your strengths and weaknesses?
  • Q2. What reasons can you provide for why we should consider hiring you?
Round 6 - Assignment 

An assignment is a task or piece of work that you are given to complete, particularly as part of your job or studies. The assignment for the course includes written assignments and practical tests, similar to tasks, work, jobs, or charges.

Round 7 - Case Study 

A case study is a detailed description and assessment of a specific situation in the real world, created for the purpose of deriving generalized insights and understanding. It can focus on an individual, a group of people, an organization, or an event, among other subjects.

Round 8 - One-on-one 

(2 Questions)

  • Q1. What do you consider your greatest accomplishment?
  • Q2. What factors motivate you in your professional life?
Round 9 - HR 

(2 Questions)

  • Q1. What does your ideal work environment look like?
  • Q2. How would you impact employee retention?
Round 10 - Technical 

(2 Questions)

  • Q1. What are real-time operating systems?
  • Q2. Are the applicants first asked several questions regarding data structures and algorithms?
Round 11 - HR 

(2 Questions)

  • Q1. What topics are typically discussed during the final round of interviews, particularly regarding salary expectations, working hours, and other job requirements?
  • Q2. Are you comfortable working night shifts, considering that many roles at Genpact support international clients?
Round 12 - Process associate 

(2 Questions)

  • Q1. A process associate is crucial in ensuring the smooth operation of various business processes across different industries
  • Q2. What are the operational tasks necessary to maintain efficiency and quality?
Round 13 - Manger 

(2 Questions)

  • Q1. How can you prepare examples demonstrating your leadership, conflict resolution, and prioritization skills to excel in a managerial round interview?
  • Q2. How do you demonstrate adaptability, leadership, and a commitment to fostering a positive work environment?

Interview Preparation Tips

Interview preparation tips for other job seekers - Update your resume, customize your application, and be ready to show kindness.
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Company Website and was interviewed in Nov 2024. There was 1 interview round.

Round 1 - Technical 

(7 Questions)

  • Q1. Tell me about yourself.
  • Ans. 

    Experienced technical writer with a background in software development and a passion for clear and concise communication.

    • Over 5 years of experience in technical writing for software products

    • Proficient in creating user guides, API documentation, and release notes

    • Strong background in software development, allowing for effective collaboration with engineers

    • Skilled in translating complex technical concepts into easy-to-und...

  • Answered by AI
  • Q2. What do you know about DITA XML, which tags have you used in your documents, what are keywords, and what is DITA mapping, have you ever created graphics or illustrations, types of DITA topics, benefits of ...
  • Ans. 

    DITA XML is a structured content standard used for creating technical documentation.

    • DITA XML is a structured content standard for technical documentation

    • Commonly used tags include <topic>, <title>, <body>, <section>

    • Keywords are used to categorize content for easy retrieval

    • DITA mapping is the process of linking topics together in a hierarchy

    • Graphics and illustrations can be created and included i...

  • Answered by AI
  • Q3. What do you know of Agile Methodology and Scrum?
  • Ans. 

    Agile Methodology and Scrum are popular project management frameworks used in software development.

    • Agile Methodology is a flexible approach to software development that emphasizes incremental delivery, collaboration, and continuous improvement.

    • Scrum is a specific Agile framework that divides work into sprints, with daily stand-up meetings and regular reviews.

    • Scrum roles include Product Owner, Scrum Master, and Developm...

  • Answered by AI
  • Q4. What do you do in case of conflict with SMEs, have you worked with any global audience, what kind of documents have you created, how do you estimate time needed for your document.
  • Ans. 

    In case of conflict with SMEs, I prioritize clear communication and collaboration. I have experience working with global audiences, creating various types of documents, and estimating time needed for each project.

    • In case of conflict with SMEs, I prioritize clear communication and collaboration to find a resolution that meets both our needs.

    • I have worked with global audiences by adapting my writing style to suit differe...

  • Answered by AI
  • Q5. How do you receive input, what are DDLC and SDLC, what style guides have you used for creating documents, how do you ensure accuracy in your document.
  • Ans. 

    I receive input through meetings and emails, DDLC is Document Development Life Cycle, SDLC is Software Development Life Cycle, I use APA and Chicago style guides, I ensure accuracy through thorough research and review.

    • Receive input through meetings with subject matter experts and stakeholders

    • DDLC (Document Development Life Cycle) is the process of creating, editing, and publishing documents

    • SDLC (Software Development Li...

  • Answered by AI
  • Q6. What is design thinking, have you ever communicated with developers, what do you do when you do not have enough information but the deadline is already near?
  • Ans. 

    Design thinking is a problem-solving approach that focuses on understanding the user's needs and creating innovative solutions.

    • Design thinking involves empathizing with users, defining the problem, ideating solutions, prototyping, and testing.

    • Yes, I have communicated with developers to understand technical aspects and constraints of the project.

    • When lacking information near a deadline, I prioritize the most critical as...

  • Answered by AI
  • Q7. Have you worked with any version control systems?
  • Ans. 

    Yes, I have experience working with version control systems.

    • I have used Git for version control in my previous roles.

    • I am familiar with branching, merging, and resolving conflicts in Git.

    • I have also worked with SVN (Subversion) in the past.

  • Answered by AI

Interview Preparation Tips

Topics to prepare for IBM Senior Technical Writer interview:
  • DITA XML
  • Agile Methodology
  • DDLC
  • SDLC
  • VCS
Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
-

I was interviewed in Nov 2024.

Round 1 - Case Study 

Here’s a simple framework to approach a case study effectively:


---

Case Study Framework

1. Understand the Problem

Read the case thoroughly and identify the key issue.

Ask clarifying questions if needed (if in a live setting).

Summarize the problem in your own words.



2. Analyze the Situation

SWOT Analysis (Strengths, Weaknesses, Opportunities, Threats)

Identify relevant stakeholders.

Gather data or key insights from the case text.



3. Identify Alternatives

Brainstorm possible solutions to the problem.

Consider multiple approaches (e.g., short-term vs. long-term solutions).



4. Evaluate the Alternatives

Weigh the pros and cons of each solution.

Assess feasibility, costs,

Round 2 - Technical 

(2 Questions)

  • Q1. What are the common performance issues that can occur in a system?
  • Ans. 

    Common performance issues in a system include slow response times, high resource usage, bottlenecks, and crashes.

    • Slow response times can be caused by inefficient code, network latency, or overloaded servers.

    • High resource usage can lead to system slowdowns and crashes, often caused by memory leaks or inefficient algorithms.

    • Bottlenecks occur when a component of the system becomes a limiting factor, such as a database ser...

  • Answered by AI
  • Q2. What is your experience with software bug fixing?
  • Ans. 

    I have experience in identifying and resolving software bugs through thorough testing and collaboration with developers.

    • Identifying bugs by reproducing issues reported by users

    • Collaborating with developers to understand root cause of bugs

    • Testing bug fixes to ensure they are effective

    • Utilizing bug tracking tools like Jira or Bugzilla

    • Experience with regression testing to prevent reoccurrence of bugs

  • Answered by AI
Round 3 - Coding Test 

Shortcut Tips for Coding Tests: 1. Master the Basics: Familiarize yourself with arrays, strings, loops, and conditional statements. 2. Learn Patterns: Concentrate on sliding window, two-pointer techniques, recursion, and divide-and-conquer methods. 3. Use Standard Algorithms: Study breadth-first search (BFS), depth-first search (DFS), sorting algorithms, and dynamic programming principles. 4. Understand Data Structures: Practice with stacks, queues, linked lists, and trees. 5. Practice Edge Cases: Consider scenarios involving empty inputs, duplicates, and large datasets. 6. Write Pseudocode: Outline your plan before starting to code. 7. Optimize Early: Always strive for efficiency in your solutions.

Interview Preparation Tips

Interview preparation tips for other job seekers - Quick Tips for Job Seekers:

1. Know Your Strengths: Identify skills and tailor your resume.


2. Network: Leverage LinkedIn, industry events, and connections.


3. Customize Applications: Align resumes and cover letters to job descriptions.


4. Prepare for Interviews: Research companies and practice answers.


5. Upskill: Learn in-demand tools, certifications, and soft skills.


6. Stay Organized: Track applications and follow-ups.


7. Be Positive: Handle rejections as learning opportunities.


8. Leverage Social Media: Optimize LinkedIn and maintain professionalism online.


9. Consider All Opportunities: Explore freelance, contract, or adjacent roles.


10. Follow Up: Send thank-you notes and stay connected with recruiters.



Stay consistent and persistent—your opportunity is ahead!
Interview experience
4
Good
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
-

I applied via Referral and was interviewed in Nov 2024. There were 2 interview rounds.

Round 1 - Technical 

(11 Questions)

  • Q1. Internal working of HashMap
  • Q2. Features of java8
  • Q3. Use of synchronized keyword
  • Q4. Difference between failsafe and fail fast and also its implementation
  • Q5. Coding question : sort an array, use of streams to find names from employee object whose salary is greater than 50000
  • Q6. Difference between concurrent and generic collection
  • Q7. What is string pool. What is string literal?
  • Q8. Security measures used in your project
  • Q9. What is difference between rest and soap
  • Q10. What do u mean by REST state
  • Q11. What is serialization? What is the way to stop serialization?
Round 2 - Manegerial Round 

(4 Questions)

  • Q1. Difference between failsafe and faifast
  • Q2. Difference between concurrent and generic collection
  • Q3. Security measures used in current project
  • Q4. Why you are leaving your current organization and follow up questions on that

Interview Preparation Tips

Interview preparation tips for other job seekers - Please prepare well on your project and java 8 features(if you are using java8). also please brush up knowledge on collections, multithreading, and oops concept
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
6-8 weeks
Result
Selected Selected

I applied via Recruitment Consulltant and was interviewed in Nov 2024. There were 4 interview rounds.

Round 1 - One-on-one 

(2 Questions)

  • Q1. Can you describe your current roles and responsibilities?
  • Ans. 

    I am currently responsible for leading a team of data scientists, developing and implementing data-driven strategies, and ensuring the quality and accuracy of data analysis.

    • Leading a team of data scientists

    • Developing and implementing data-driven strategies

    • Ensuring quality and accuracy of data analysis

  • Answered by AI
  • Q2. What are the technical details of one of your projects?
  • Ans. 

    Developed a predictive model for customer churn using machine learning algorithms.

    • Used Python for data preprocessing and model building

    • Applied techniques like feature engineering and hyperparameter tuning

    • Evaluated model performance using metrics like accuracy, precision, and recall

  • Answered by AI
Round 2 - Technical 

(2 Questions)

  • Q1. What is the loss function used in XGBoost?
  • Ans. 

    The loss function used in XGBoost is typically the gradient boosting algorithm.

    • XGBoost uses the gradient boosting algorithm to minimize the loss function

    • Common loss functions include regression loss functions like squared error and logistic loss for classification

    • Users can also define custom loss functions in XGBoost

  • Answered by AI
  • Q2. Logical puzzle question
Round 3 - One-on-one 

(3 Questions)

  • Q1. What are your professional aspirations?
  • Ans. 

    My professional aspiration is to lead a team of data scientists to drive impactful insights and innovations.

    • Lead a team of data scientists to tackle complex problems

    • Drive impactful insights and innovations through data analysis

    • Continuously learn and stay updated on the latest trends in data science

    • Collaborate with cross-functional teams to implement data-driven solutions

  • Answered by AI
  • Q2. Puzzle question
  • Q3. Mathematical series question
Round 4 - HR 

(3 Questions)

  • Q1. What is the reason for leaving your current organization?
  • Ans. 

    Seeking new challenges and growth opportunities in a more innovative environment.

    • Desire for new challenges and growth opportunities

    • Seeking a more innovative work environment

    • Looking to expand skill set and knowledge in data science

  • Answered by AI
  • Q2. What are your reasons for wanting to join IDFC?
  • Ans. 

    I am excited about the opportunity to contribute my data science skills to IDFC's innovative projects and make a meaningful impact.

    • Excited about contributing data science skills to innovative projects at IDFC

    • Opportunity to make a meaningful impact through data-driven solutions

    • Interested in working with a reputable organization like IDFC

  • Answered by AI
  • Q3. What are your strengths and weaknesses?
  • Ans. 

    My strengths include strong analytical skills and attention to detail. My weaknesses include a tendency to overthink and difficulty delegating tasks.

    • Strengths: strong analytical skills

    • Strengths: attention to detail

    • Weaknesses: tendency to overthink

    • Weaknesses: difficulty delegating tasks

  • Answered by AI
Interview experience
3
Average
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Not Selected

I applied via campus placement at College of Engineering ( Formerly Pune Instiute of Enginering and Technology ), Pune and was interviewed in Nov 2024. There were 2 interview rounds.

Round 1 - Aptitude Test 

Aptitude test contains Logical Reasoning Questions, Analytical Skills questions, and some general Questions, there are no coding questions for it

Round 2 - Technical 

(6 Questions)

  • Q1. First Question is to introduce yourself
  • Q2. Want to explain me my data science project I explained it in good way
  • Q3. Gave some scenario that how your project will work for these secnarios
  • Q4. Asks me about the polymorphism and its example
  • Q5. Asks about my family background
  • Q6. Asks whether I am able to relocate
Interview experience
5
Excellent
Difficulty level
Hard
Process Duration
-
Result
-
Round 1 - One-on-one 

(6 Questions)

  • Q1. What are the aml and kyc requirements?
  • Ans. 

    AML and KYC requirements are regulations that financial institutions must follow to prevent money laundering and verify the identity of their customers.

    • AML (Anti-Money Laundering) requirements involve monitoring transactions, reporting suspicious activities, and conducting customer due diligence.

    • KYC (Know Your Customer) requirements involve verifying the identity of customers, assessing their risk level, and maintainin...

  • Answered by AI
  • Q2. Why should we hire you, briefly describe a scenario where you would showcase a different skill or talent compared with your fellow employees?
  • Ans. 

    I have a strong attention to detail and analytical skills that set me apart from my colleagues.

    • I have a proven track record of accurately identifying and resolving discrepancies in KYC documentation.

    • I excel at conducting thorough research and analysis to ensure compliance with regulations.

    • My ability to effectively communicate complex information to stakeholders sets me apart in team collaborations.

  • Answered by AI
  • Q3. Strength and weakness?
  • Ans. 

    Strength: attention to detail, Weakness: perfectionism

    • Strength: Ability to meticulously review documents and identify discrepancies

    • Strength: Strong analytical skills to detect potential risks or fraudulent activities

    • Weakness: Striving for perfection may lead to spending too much time on a task

    • Weakness: Difficulty in delegating tasks due to desire for everything to be done perfectly

  • Answered by AI
  • Q4. Project and achievements?
  • Ans. 

    Implemented a new KYC process resulting in 30% reduction in onboarding time and 20% decrease in errors.

    • Led a team to revamp KYC procedures and systems

    • Introduced automation tools to streamline verification process

    • Trained staff on updated KYC regulations and best practices

  • Answered by AI
  • Q5. Are you a team player? What do you do when you don’t get along with certain colleagues? How do you manage conflict resolution?
  • Ans. 

    Yes, I am a team player. I believe in open communication and collaboration. When conflicts arise, I address them directly and seek resolution.

    • I believe in open communication and collaboration within the team.

    • I address conflicts directly and seek resolution through constructive conversations.

    • I focus on finding common ground and working towards a solution that benefits the team as a whole.

  • Answered by AI
  • Q6. Provide a situation where you might have failed previously? What has that experience taught you?
  • Ans. 

    I failed to meet a deadline due to poor time management.

    • Underestimated the time needed for a project

    • Did not prioritize tasks effectively

    • Learned to create a detailed schedule and set realistic deadlines

  • Answered by AI
Round 2 - Aptitude Test 

General English grammar knowledge and some calculations

Round 3 - HR 

(6 Questions)

  • Q1. CTC and expected salary details?
  • Q2. No you cannot negotiate and end up taking what they give you!
  • Q3. No relocation time, do it during weekends
  • Q4. No target compensation or other benefits
  • Q5. If ur employed through agency or consultancy you will be always a contingent and treated less than permanent employees
  • Q6. 12 hours a day, 6 days a week, no social or life balance

Interview Preparation Tips

Interview preparation tips for other job seekers - The experience is good overall 120 candidates only 2 of us got selected but the politics is bad
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Recruitment Consulltant and was interviewed in Oct 2024. There were 2 interview rounds.

Round 1 - Technical 

(4 Questions)

  • Q1. Whats type of your work handle organisation and how to manage the Cases on daily basis
  • Q2. What is your portfolio size and how many products of which bucket handlings, are you working alone or doing with the help of Agencies
  • Ans. 

    I currently manage a portfolio of 50 products across various buckets, handling 30 products alone and 20 with the help of Agencies.

    • Portfolio size: 50 products

    • Products handled alone: 30

    • Products handled with Agencies: 20

  • Answered by AI
  • Q3. How many Agencies are working and how to mange the agency FOS and High poss cases
  • Ans. 

    There are X number of Agencies working. To manage agency FOS and high poss cases, establish clear communication channels, provide regular training and support, set performance targets, and monitor progress.

    • Identify the number of Agencies currently working

    • Establish clear communication channels with the Agencies to ensure smooth coordination

    • Provide regular training and support to the agency Field Officers (FOS) to enhanc...

  • Answered by AI
  • Q4. How many visit doing in a months and what is your month on month Target vs Acheivment
Round 2 - HR 

(1 Question)

  • Q1. Salary Negotiation and Expectations

Interview Preparation Tips

Topics to prepare for Kotak Mahindra Bank Deputy Area Manager interview:
  • Collections
  • Vendor Management
  • Credit Cards
  • Portfolio Management
Interview preparation tips for other job seekers - If you gives any interview first of all go with full confidence Believe in your self and think you are the best fit fir position
Gives the straight answer if don’t know the answer then simply say few words of similar to them and say sorry or say as per knowledge this is the…. your answer
Be positive and calm
Interview experience
1
Bad
Difficulty level
Moderate
Process Duration
2-4 weeks
Result
Selected Selected

I applied via Recruitment Consulltant and was interviewed in Nov 2024. There was 1 interview round.

Round 1 - One-on-one 

(3 Questions)

  • Q1. What do you know about the process.
  • Ans. 

    The process involves identifying potential clients, building relationships, and closing deals to drive revenue growth.

    • Identifying potential clients through market research and networking

    • Building relationships with clients through effective communication and follow-up

    • Closing deals by presenting solutions that meet client needs and negotiating terms

    • Driving revenue growth by meeting sales targets and expanding client base

  • Answered by AI
  • Q2. What are the basic questions when you are opening current account
  • Q3. How many types of current account
  • Ans. 

    There are various types of current accounts offered by banks to cater to different needs of customers.

    • Basic Current Account

    • Premium Current Account

    • Foreign Currency Current Account

    • Sweep-in Current Account

    • Digital Current Account

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - I would like to emphasize that prior to entering any industry, it is crucial to understand the work culture, as it can often be subpar; managers may not act appropriately or with the required professionalism. I worked there for three months, and my experience was terrible. Additionally, they did not pay me for approximately seven days, which amounted to around 7,000. The work pressure is extremely high; however, while they cannot physically torture employees, they are engaging in mental torment. Office timing is 9 to 6 but you they are emphasize to sit atleast night 9 o clock because you have not done the business in a whole day . Experience was so terrible horrible.
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Referral and was interviewed in Nov 2024. There were 3 interview rounds.

Round 1 - One-on-one 

(2 Questions)

  • Q1. Tell me about yourself
  • Q2. Why should we hire you
Round 2 - One-on-one 

(2 Questions)

  • Q1. Tell me your strength and weaknesses
  • Q2. Why you are apt for this job
Round 3 - One-on-one 

(2 Questions)

  • Q1. Your 5 year plan
  • Q2. Where you see yourself in 2 years

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Principal Mutual Fund Reviews and Ratings

based on 8 reviews

4.3/5

Rating in categories

3.3

Skill development

4.7

Work-Life balance

4.1

Salary & Benefits

3.9

Job Security

4.4

Company culture

3.3

Promotions/Appraisal

4.3

Work Satisfaction

Explore 8 Reviews and Ratings
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