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State Street Corporation Fund Accountant Interview Questions, Process, and Tips

Updated 7 Apr 2023

Top State Street Corporation Fund Accountant Interview Questions and Answers

  • Q1. What you find interesting about state Street corporation? What is the majore reason to choose state street corp
  • Q2. What is asset and liability? What are subcategories and formula to determine asset and liability?
  • Q3. What do you know about management fees and performance fees?
View all 16 questions

State Street Corporation Fund Accountant Interview Experiences

2 interviews found

Interview experience
4
Good
Difficulty level
Moderate
Process Duration
2-4 weeks
Result
Selected Selected

I applied via Campus Placement and was interviewed in Mar 2023. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all Resume tips
Round 2 - HR 

(5 Questions)

  • Q1. Tell me about yourself
  • Ans. 

    I am a detail-oriented and analytical professional with a strong background in finance and accounting.

    • I have a Bachelor's degree in Accounting and have been working as a Fund Accountant for the past 5 years.

    • I am experienced in preparing financial statements, reconciling accounts, and analyzing investment portfolios.

    • I have a deep understanding of accounting principles and regulations, including GAAP and IFRS.

    • I am profic...

  • Answered by AI
  • Q2. What are your job location preferences
  • Ans. 

    I am open to job locations that offer a strong financial industry presence and opportunities for professional growth.

    • I prefer job locations with a strong financial industry presence.

    • I am interested in locations that offer opportunities for professional growth and development.

    • I am open to considering different locations based on the specific job requirements and career prospects.

    • I value a supportive work environment and...

  • Answered by AI
  • Q3. Tell me about your expectations about salary and hike
  • Ans. 

    I expect a competitive salary that reflects my skills and experience, and I hope for regular performance-based hikes.

    • I believe my skills and experience warrant a competitive salary.

    • I hope for regular performance-based hikes to recognize my contributions.

    • I am open to negotiation and would like to discuss the salary and hike in detail during the interview.

    • I understand that the salary and hike will depend on the company's

  • Answered by AI
  • Q4. Can you briefly tell me about your past experience
  • Ans. 

    I have 5 years of experience as a Fund Accountant in a leading financial institution.

    • Managed daily accounting activities for multiple investment funds

    • Performed NAV calculations and reconciliations

    • Prepared financial statements and reports for clients

    • Collaborated with portfolio managers and auditors

    • Implemented process improvements to enhance efficiency

  • Answered by AI
  • Q5. If you got selected for job then in how many days you will take to join us?
  • Ans. 

    I will be able to join within 2 weeks of receiving the offer.

    • I will need to give notice to my current employer, which typically requires 2 weeks.

    • I will need to complete any necessary paperwork and background checks before starting.

    • I will also need some time to prepare for the transition and tie up loose ends in my current role.

    • However, I am open to discussing the start date and can potentially join earlier if needed.

  • Answered by AI
Round 3 - One-on-one 

(19 Questions)

  • Q1. Tell me about yourself
  • Ans. 

    I am a detail-oriented and analytical professional with a strong background in finance and accounting.

    • I have a Bachelor's degree in Accounting and have been working as a Fund Accountant for the past 5 years.

    • I am proficient in financial analysis, reconciliation, and reporting.

    • I have experience in managing complex investment portfolios and ensuring compliance with regulatory requirements.

    • I am skilled in using accounting ...

  • Answered by AI
  • Q2. Discussion on various points which are in resume
  • Q3. What is fund accounting?
  • Ans. 

    Fund accounting is a specialized form of accounting used by organizations that manage funds or investments.

    • It focuses on tracking and reporting the financial activities of specific funds or investment portfolios.

    • It involves recording and reconciling transactions, calculating net asset values, and preparing financial statements.

    • Fund accountants ensure compliance with regulatory requirements and provide accurate and time...

  • Answered by AI
  • Q4. What is NAV calculation, how to calculate NAV?
  • Ans. 

    NAV calculation is the process of determining the net asset value of a fund, which represents the value per share/unit.

    • NAV is calculated by subtracting the fund's liabilities from its assets.

    • Assets include investments, cash, and receivables, while liabilities include expenses and payables.

    • NAV = (Total Assets - Total Liabilities) / Total Shares/Units Outstanding.

    • NAV is typically calculated on a daily basis for mutual fu...

  • Answered by AI
  • Q5. What is asset and liability? What are subcategories and formula to determine asset and liability?
  • Ans. 

    Assets are resources owned by a company, while liabilities are obligations or debts. They have subcategories and formulas to determine their values.

    • Assets are economic resources that provide future benefits to a company, such as cash, inventory, or property.

    • Liabilities are obligations or debts that a company owes to external parties, such as loans or accounts payable.

    • Subcategories of assets include current assets (e.g....

  • Answered by AI
  • Q6. What is GAV? How it is differ from NAV?
  • Ans. 

    GAV stands for Gross Asset Value, which represents the total value of all assets in a fund. NAV stands for Net Asset Value, which is the value of a fund's assets after deducting liabilities.

    • GAV is the total value of all assets in a fund, including both realized and unrealized gains or losses.

    • NAV is the value of a fund's assets after deducting liabilities, such as management fees, operating expenses, and accrued expense...

  • Answered by AI
  • Q7. What is equity, and bond?
  • Ans. 

    Equity is ownership in a company, while a bond is a debt instrument issued by a company or government.

    • Equity represents ownership in a company and gives shareholders the right to vote and receive dividends.

    • Bonds are debt instruments where the issuer borrows money from investors and promises to repay the principal with interest.

    • Equity holders have a higher risk and potential for higher returns compared to bondholders.

    • Ex...

  • Answered by AI
  • Q8. What is capstock? Explain subscription and resumption
  • Ans. 

    Capstock refers to the total value of a company's outstanding shares of stock.

    • Capstock is the market value of a company's equity capital.

    • It represents the total value of all the company's shares of stock.

    • Capstock can be calculated by multiplying the current market price per share by the total number of outstanding shares.

    • It is an important metric for investors and analysts to assess the overall value of a company.

    • Subsc...

  • Answered by AI
  • Q9. How can capstock affects the NAV?
  • Ans. 

    Capstock can affect the NAV by impacting the valuation of the fund's investments.

    • Capstock refers to the capitalization of a stock, which is the total value of a company's outstanding shares.

    • If a fund holds capstocks that experience a significant increase or decrease in value, it can impact the Net Asset Value (NAV) of the fund.

    • An increase in the value of capstocks held by a fund can lead to an increase in the NAV, as t...

  • Answered by AI
  • Q10. What do you know about management fees and performance fees?
  • Ans. 

    Management fees and performance fees are charges levied by investment managers for managing funds and achieving certain performance benchmarks.

    • Management fees are ongoing charges that cover the cost of managing the fund, including administrative expenses, research, and investment management.

    • Performance fees are additional charges based on the fund's performance relative to a benchmark or a predetermined hurdle rate.

    • Man...

  • Answered by AI
  • Q11. What are accounting rules? Both modern and traditional?
  • Ans. 

    Accounting rules are guidelines and principles that govern the recording and reporting of financial transactions.

    • Accounting rules ensure consistency and accuracy in financial reporting.

    • They provide a framework for recording and classifying transactions.

    • Modern accounting rules are often based on international standards, such as the International Financial Reporting Standards (IFRS) or the Generally Accepted Accounting P...

  • Answered by AI
  • Q12. Explain dr and cr? Explain ledger and subledger?
  • Ans. 

    DR and CR are abbreviations for debit and credit, which are used in accounting to record financial transactions. Ledger is a book that contains all the accounts, while subledger is a subsidiary ledger that provides more detailed information for specific accounts.

    • DR stands for debit, which represents an increase in assets or a decrease in liabilities or equity.

    • CR stands for credit, which represents a decrease in assets ...

  • Answered by AI
  • Q13. What is corporate action and it's various types
  • Ans. 

    Corporate action refers to any event initiated by a publicly traded company that impacts its shareholders.

    • Corporate actions can include stock splits, dividends, mergers and acquisitions, rights issues, and spin-offs.

    • Stock split: When a company divides its existing shares into multiple shares, e.g., 2-for-1 split.

    • Dividends: Distribution of a portion of a company's earnings to its shareholders.

    • Mergers and acquisitions: W...

  • Answered by AI
  • Q14. Your expectations from job
  • Ans. 

    I expect the job to provide opportunities for growth, a supportive work environment, and a competitive salary.

    • Opportunities for professional development and advancement

    • A positive and collaborative work culture

    • A fair and competitive salary

    • Clear expectations and goals

    • Work-life balance

    • Supportive management and colleagues

    • Challenging and engaging work tasks

    • Opportunities to learn new skills and technologies

    • Recognition for ac

  • Answered by AI
  • Q15. Why should we hire you?
  • Ans. 

    I have the necessary skills, experience, and passion for the role of Fund Accountant.

    • I have a strong background in accounting and finance, with a focus on fund accounting.

    • I have experience working with various financial instruments and investment strategies.

    • I am highly detail-oriented and have a track record of accuracy in financial reporting.

    • I am proficient in using accounting software and have a strong understanding ...

  • Answered by AI
  • Q16. What you find interesting about state Street corporation? What is the majore reason to choose state street corp
  • Ans. 

    State Street Corporation is a leading financial services company known for its global presence and expertise in asset management and custody services.

    • State Street Corporation is one of the largest custodian banks in the world, providing services to institutional investors and asset managers.

    • The company has a strong global presence with offices in over 100 locations worldwide.

    • State Street is known for its expertise in a...

  • Answered by AI
  • Q17. Do you have any knowledge about MS-excel?
  • Ans. 

    Yes, I have extensive knowledge of MS-Excel.

    • I am proficient in using Excel for financial analysis and reporting.

    • I have experience in creating complex financial models using Excel.

    • I am skilled in using Excel functions such as VLOOKUP, SUMIF, and Pivot Tables.

    • I have used Excel to prepare financial statements and reconcile accounts.

    • I am comfortable working with large data sets in Excel and have experience in data analysis

  • Answered by AI
  • Q18. Questions about ms Excel formulas
  • Q19. Discussion about salary, appraisal, working hours, work life balance, leaves and other

Interview Preparation Tips

Interview preparation tips for other job seekers - Try to not fake, hiring manager knows where you are faking

I applied via Naukri.com and was interviewed in Dec 2021. There were 3 interview rounds.

Interview Questionnaire 

4 Questions

  • Q1. Wt do u know about fund accounting
  • Ans. 

    Fund accounting is a specialized accounting system used by investment companies to track and manage their portfolio of investments.

    • It involves tracking the performance of individual investments and calculating the net asset value (NAV) of the fund.

    • It also involves ensuring compliance with regulatory requirements and preparing financial statements for investors.

    • Examples of investment companies that use fund accounting i...

  • Answered by AI
  • Q2. Wt is corporate actions
  • Ans. 

    Corporate actions refer to events initiated by a publicly traded company that can impact its shareholders and the value of its securities.

    • Corporate actions include events such as stock splits, dividends, mergers, acquisitions, rights issues, and spin-offs.

    • These actions can affect the ownership structure, share price, and overall value of a company.

    • For example, a stock split may increase the number of shares outstanding...

  • Answered by AI
  • Q3. Is dividend impacts NAV
  • Ans. 

    Yes, dividends impact NAV (Net Asset Value).

    • Dividends are a distribution of a portion of a company's earnings to its shareholders.

    • When a company pays out dividends, it reduces its retained earnings and cash balance.

    • As a result, the NAV of a fund that holds shares of the company will decrease.

    • The impact of dividends on NAV depends on the size of the dividend and the fund's holdings.

    • For example, if a fund holds a signifi...

  • Answered by AI
  • Q4. Previous experience

Interview Preparation Tips

Interview preparation tips for other job seekers - Make sure to gather information about mutual funds, private equity , hedge funds and NAV calculations

Fund Accountant Interview Questions Asked at Other Companies

Q1. What was the journal entry for prepaid rent which has paid at beg ... read more
Q2. What is the entry for share purchased today which will be credite ... read more
Q3. What impact do share price have on issue of dividend ? And what w ... read more
Q4. What is the technical term we use for the bond interest
asked in Citco
Q5. 1) What is hedge fund? 2) What is IRR and formula? 3) Journal ent ... read more

Fund Accountant Jobs at State Street Corporation

View all

Interview questions from similar companies

Analyst Interview Questions & Answers

UBS user image Anonymous

posted on 25 Jan 2015

Interview Preparation Tips

Round: Resume Shortlist
Experience: My strong resume aided in getting shortlisted for Credit Suisse.

Round: Group Discussion
Experience: The GD went well as I did not haste into my chance and was calm throughout.

Round: Other Interview
Experience: The interview was with an alumni who told me that my GD performance was good, and asked me a puzzle. It was followed by some questions on my resume, mainly my internship.
Another puzzle followed, which I took some time to solve. I was able to solve the next one instantly,
Then I was asked to sell a crumbled piece of paper innovatively.

Round: Other Interview
Experience: This round was with a senior member in the company who asked about my resume, stay in campus, post of election officer and some tricky questions, which I answered well. A question on probability was asked. A few more puzzles followed, along with some questions on finance. He also mentioned that he did not expect me to answer these as I had no background in finance. But i was able to answer them.
I was then asked to leave and HR was called inside. I also had an interview with Diamond. The HR came to me and told me that they were interested in and asked me to stall my interview with diamond for a while.

Round: HR Interview
Experience: It was with VP and continued for 45 minutes with no puzzles, finances or cases. It was more of a discussion on all fields ranging from campus life to UP politics to Sachin's retirement, etc.
I was asked about my internship experience and the reason i wanted to join their company .

Round: HR Interview
Experience: It was with the Director, who said that he had a sore throat and hence would not say much. he said that they wanted to hire me and that I do not interview with any other firm. I was more than glad! I was the first person to bag an offer in the placement season.

College Name: IIT KANPUR

Interview Questionnaire 

23 Questions

  • Q1. Why Morgan Stanley?
  • Ans. 

    Morgan Stanley is a top-tier investment bank with a strong reputation for innovation and excellence.

    • Morgan Stanley has a long history of success in the financial industry

    • The company is known for its innovative approach to investment banking

    • Morgan Stanley has a strong reputation for excellence in research and analysis

    • The firm offers a wide range of services to clients, including wealth management and investment banking

    • M...

  • Answered by AI
  • Q2. What between Tower and Morgan Stanley?
  • Ans. 

    Tower and Morgan Stanley are both financial services companies.

    • Tower is a global investment management firm with over $1 trillion in assets under management.

    • Morgan Stanley is a multinational investment bank and financial services company.

    • Both companies offer a range of financial services including wealth management, investment banking, and asset management.

    • Tower is known for its focus on sustainable investing, while Mo...

  • Answered by AI
  • Q3. Strengths/weakness
  • Q4. What is the job profile offered ? Why not phd?
  • Ans. 

    The job profile offered is for an analyst position. A PhD is not required for this role.

    • The job involves analyzing data and providing insights to clients

    • A PhD is not necessary as the role focuses more on practical application of analytical skills

    • The job may require a bachelor's or master's degree in a related field

    • Examples of job responsibilities may include data collection, statistical analysis, and report writing

  • Answered by AI
  • Q5. Minimize the cost of the pen, what innovations can you do with it?
  • Ans. 

    Innovations to minimize cost of pen

    • Use recycled materials for pen body and ink

    • Simplify design to reduce production costs

    • Implement refillable ink cartridges to reduce waste and cost

    • Partner with companies for bulk purchasing of materials

    • Automate production process to reduce labor costs

  • Answered by AI
  • Q6. Prove that for N>= a, N> N^.5 + N^(1/3)+N^(1/4)
  • Ans. 

    Prove N>=N^.5+N^(1/3)+N^(1/4) for N>=a

    • Use AM-GM inequality

    • Substitute N with a and prove the inequality holds

    • Use calculus to find the minimum value of the expression

  • Answered by AI
  • Q7. Statisticss, Algorithms
  • Q8. X, y are random variables with probability distribution ke^(-kx) and ue^(-ux). What is the dist. for min(x,y)
  • Ans. 

    Finding the probability distribution for the minimum of two random variables with given distributions.

    • Use the formula P(min(x,y)>z) = P(x>z)P(y>z)

    • Integrate over the range of z to get the distribution of min(x,y)

    • Final distribution is 2ke^(-kx)ue^(-ux)exp(-uz)

  • Answered by AI
  • Q9. An organism dies out with prob. p and spawns into 2 with prob (1-p). what is the prob. that starting from 1,the organism will die out?
  • Ans. 

    Given prob. p of dying out and prob. (1-p) of spawning into 2, find prob. of dying out starting from 1 organism.

    • Use probability tree to visualize outcomes

    • Probability of dying out starting from 1 is p + (1-p) * (probability of dying out starting from 2)^2

    • Solve recursively to get final answer

  • Answered by AI
  • Q10. In a unit circle, p is chosen uniformly on the circle and q inside the circle, what is the prob. that the rectangle is inside the circle?
  • Ans. 

    Probability of a rectangle being inside a unit circle with p chosen uniformly on the circle and q inside the circle.

    • The probability can be found by calculating the ratio of the area of the rectangle to the area of the circle.

    • The area of the circle is pi and the area of the rectangle can be found using the distance between p and q.

    • The probability is 1/4.

    • Example: If the distance between p and q is 0.5, then the area of t...

  • Answered by AI
  • Q11. Find a local minima of an array in o(log n)? In a functional program
  • Ans. 

    Find local minima of an array in o(log n) in functional programming.

    • Use binary search to find the local minima.

    • Check if the mid element is a local minima, if not, move towards the lower side.

    • If the mid element is greater than its left element, move towards the left side, else move towards the right side.

    • Repeat until a local minima is found.

    • Example: [5, 3, 2, 4, 6, 8, 9] -> local minima is 2.

  • Answered by AI
  • Q12. Write a code to sort a list without pipes?
  • Ans. 

    Code to sort a list without pipes

    • Use a sorting algorithm like bubble sort, insertion sort, or selection sort

    • Implement the algorithm in the programming language of your choice

    • Test the code with different input sizes and types

  • Answered by AI
  • Q13. Find an even length palindrome in a string in o(n)?
  • Ans. 

    To find an even length palindrome in a string in O(n), we can use the two-pointer approach.

    • Initialize two pointers at the center of the string.

    • Expand the pointers outwards while checking if the characters at both pointers are equal.

    • If they are not equal, return the previous substring as the even length palindrome.

    • If the pointers reach the end of the string, return the entire string as the even length palindrome.

  • Answered by AI
  • Q14. A is a matrix vi's are n linear vectors s.t. Avi= Vj a<=j<=n, what are the possible values of |A|?
  • Ans. 

    Possible values of determinant of matrix A given Avi=Vj for n linear vectors

    • The possible values of |A| are non-zero as the given vectors are linearly independent

    • The value of |A| can be calculated using the formula |A| = (-1)^n * det(A)

    • If the given vectors are orthogonal, then |A| is the product of the magnitudes of the vectors

  • Answered by AI
  • Q15. A and B play a game with unfair count with P[Heads]= p. they count # of heads and tails .if # of heads > #tails +1 at any point, A wins.Find the prob. that A wins
  • Ans. 

    A and B play a game with unfair coin. A wins if # of heads > #tails +1 at any point. Find prob. of A winning.

    • The game is played with an unfair coin with P[Heads]=p

    • A wins if # of heads > #tails +1 at any point

    • Find the probability of A winning

  • Answered by AI
  • Q16. Given a sorted array find two element (i,j) s.t. i+j =x in O(n) time?
  • Ans. 

    Find two elements in a sorted array that add up to a given sum in linear time.

    • Use two pointers, one at the beginning and one at the end of the array.

    • If the sum of the two pointers is greater than the target, move the right pointer to the left.

    • If the sum of the two pointers is less than the target, move the left pointer to the right.

    • Repeat until the sum is found or the pointers meet.

    • Example: Given [1, 2, 3, 4, 5] and ta

  • Answered by AI
  • Q17. Question on bubble sort : Given random permutation, suppose i run bubble sort on it.
  • Q18. What is the prob. that element at 20th position lands up at 31st position after the first iteration?
  • Ans. 

    The probability of element at 20th position landing up at 31st position after the first iteration.

    • The probability depends on the size of the dataset and the algorithm used for iteration.

    • If the algorithm involves swapping adjacent elements, the probability is higher.

    • If the dataset is sorted in a way that the element at 20th position is adjacent to the element at 31st position, the probability is 1.

    • The probability can be...

  • Answered by AI
  • Q19. A rod at length l, I randomly put 100 ants in the rod .each ant moves left and right in random direction with l m/s .what is the expected no. of collisions after 30 secs?
  • Ans. 

    Expected number of collisions between randomly moving ants on a rod after 30 seconds.

    • Calculate the probability of two ants colliding at any given time.

    • Use the formula for expected value to find the expected number of collisions.

    • Assume that the ants are point masses and collisions are perfectly elastic.

    • Consider the possibility of multiple ants colliding at the same time.

    • Simulation can also be used to estimate the expect

  • Answered by AI
  • Q20. In how many ways can i permute n numbers 1 2 3...n so that all the no.s between u and i+1 are less than i (for all i in the permutation)?
  • Ans. 

    Counting permutations where numbers between u and i+1 are less than i for all i in the permutation.

    • The first number in the permutation must be 1.

    • For each i in the permutation, all numbers between u and i+1 must be less than i.

    • Use dynamic programming to count the number of valid permutations.

    • The answer is (n-1)th Catalan number.

    • Example: for n=4, the answer is 5.

  • Answered by AI
  • Q21. Find f(n) : pdt F(x) cdf. the value of k> 0 a constant -inf S +inf f(x)*F(kx) dx x follows normal standard distribution?
  • Ans. 

    Finding f(n) for a normal standard distribution with a given constant k.

    • Calculate the product of probability density function and cumulative distribution function.

    • Integrate the product of f(x) and F(kx) from -inf to +inf.

    • The value of k is a constant greater than 0.

  • Answered by AI
  • Q22. Number of inversions in an array in O(nlogn) time?
  • Ans. 

    Number of inversions in an array in O(nlogn) time.

    • Use merge sort algorithm to count inversions

    • Divide the array into two halves and recursively count inversions

    • Merge the two halves and count split inversions

    • Time complexity is O(nlogn)

  • Answered by AI
  • Q23. Given a chessboard 8X8 I put numbers from 1 to 8 in it in such a way that no. x is the mean/average of its neighbor. What is the range of the numbers?

Interview Preparation Tips

Round: Test
Experience: Topics:
1. Statistics
2. Probability distributions
3. Theorms of linear algebra 
4. Algorithms: DP, Puzzle
Duration: 120 minutes
Total Questions: 8

General Tips: Improve on Linear Algebra&#44; Probability, Algorithms.
College Name: IIT KANPUR

Skills evaluated in this interview

I applied via Referral

Interview Questionnaire 

2 Questions

  • Q1. Mostly on Financial accounting
  • Q2. Questions on Cash flow statements ( Project during 1st term )

Interview Preparation Tips

Round: Technical Interview
Experience: number of interviews were 2 where the 2nd was more of a confirmation that I am willing to work with them.
I answered most of the questions they asked except who is teaching you corporate finance. I asked a lot of questions about what they do and what is their view about Indian accounting laws
I think they are looking for knowledge in finance and less of globe during the interview.

Tips: Prof. R. Narayanswamies fundas of financial accounting.
Be thorough with financial.

Skills: Accounting, Finance
College Name: IIM Bangalore

Analyst Interview Questions & Answers

UBS user image Anonymous

posted on 30 Jan 2015

Interview Preparation Tips

Round: Puzzle Interview
Tips: Prepare for questions on your resume, puzzles and a couple of HR questions.

Round: Puzzle Interview
Experience: A few resume based questions were asked too.

Round: HR Interview
Experience: They tried to judge how well the candidate would fit in with their company.

General Tips: Focus on the few companies that you want to get into&#44; and prepare well for them. 
Do not give way to peer influence. Do what you want to, even if it is not the most sought after.
College Name: IIT KANPUR

Analyst Interview Questions & Answers

UBS user image Anonymous

posted on 24 Jan 2015

Interview Questionnaire 

15 Questions

  • Q1. Why finance? Why not core? (they grilled me for 20 minutes)
  • Q2. There is a closed room with 3 bulbs and there are three switches outside. You can toggle any two switches once without looking inside the room and map the bulbs to their corresponding switches. (Since I ha...
  • Q3. What is the crappiest thing on your resume?
  • Ans. 

    I listed a job that I was fired from after only a few weeks.

    • Listed a job where I was fired after a few weeks

    • Didn't provide a clear explanation for why I was let go

    • Didn't highlight any skills or accomplishments from that job

  • Answered by AI
  • Q4. Entertain us for two minutes without asking any questions. (I told them about some funny incidents on the campus)
  • Q5. Which IITian do you admire the most and why?
  • Ans. 

    I admire Dr. Raghunath Anant Mashelkar, an IIT Bombay alumnus, for his contributions to science and technology.

    • Dr. Mashelkar is a chemical engineer and has made significant contributions to the field of polymer science.

    • He has also served as the Director General of the Council of Scientific and Industrial Research (CSIR) and has been awarded numerous honors, including the Padma Shri and Padma Bhushan.

    • Dr. Mashelkar has a...

  • Answered by AI
  • Q6. They then crushed an A4 sheet and asked me to sell it to them?
  • Q7. Tell me about the eurozone crisis?
  • Ans. 

    The eurozone crisis refers to the economic and financial difficulties faced by some countries in the European Union.

    • The crisis began in 2009 with the Greek debt crisis and spread to other countries in the eurozone.

    • It was caused by a combination of factors including high levels of debt, low economic growth, and structural problems within the eurozone.

    • The crisis led to bailouts of several countries by the European Centra...

  • Answered by AI
  • Q8. What do you know about the Libor Scam?
  • Ans. 

    The Libor Scam was a manipulation of the London Interbank Offered Rate (Libor) by banks to benefit their own trading positions.

    • Libor is a benchmark interest rate used globally for financial products

    • Banks were found to have manipulated the rate to benefit their own trading positions

    • The scandal resulted in billions of dollars in fines for banks involved

    • Several high-profile bankers were also convicted for their involvemen...

  • Answered by AI
  • Q9. What are derivatives?
  • Ans. 

    Derivatives are financial instruments that derive their value from an underlying asset or security.

    • Derivatives can be used for hedging or speculation.

    • Examples of derivatives include futures, options, and swaps.

    • Derivatives can be traded on exchanges or over-the-counter.

    • Derivatives can be complex and involve significant risk.

    • Derivatives played a role in the 2008 financial crisis.

  • Answered by AI
  • Q10. Some simple questions on options
  • Q11. Why Finance? Why not join a casino? (I had mentioned that I find it challenging and stimulating)
  • Q12. Lots of questions on the fiscal cliff
  • Q13. What in your opinion would be the repercussions if the fiscal cliff was not avoided, both in US and in the global economy. Will India be affected and why?
  • Ans. 

    Failure to avoid fiscal cliff could lead to severe economic repercussions globally and in the US, with India also being affected.

    • The US economy could experience a recession, with a potential decrease in GDP and increase in unemployment rates

    • Global financial markets could experience volatility and uncertainty

    • India could be affected due to its close economic ties with the US, with potential impacts on trade and investmen...

  • Answered by AI
  • Q14. What is Prime Services?
  • Ans. 

    Prime Services is a suite of financial services offered by investment banks to hedge funds and other institutional clients.

    • Prime brokerage

    • Securities lending

    • Cash management

    • Risk management

    • Trade execution

    • Reporting and analytics

    • Examples: Goldman Sachs Prime Services, J.P. Morgan Prime Services

  • Answered by AI
  • Q15. What is QE? Why is it used?
  • Ans. 

    QE stands for Quantitative Easing. It is a monetary policy used by central banks to stimulate the economy.

    • QE involves the central bank buying government bonds or other securities from the market to increase the money supply.

    • The increased money supply is intended to lower interest rates, encourage borrowing and spending, and boost economic activity.

    • QE is typically used when interest rates are already low and traditional...

  • Answered by AI

Interview Preparation Tips

Round: Resume Shortlist
Experience: They didn't had any aptitude test, only resume based short-listing.

Round: Group Discussion
Experience: There were 10-15 students. There was 3 mins thinking time and 10 minutes discussion time. After the discussion each student was asked to conclude the GD and express his/her viewpoint.
Tips: 1. Jot down your point during the three minutes. 
2. During the GD make sure that you express your opinion coherently. 
3. Also make short notes during the GD which will be helpful in concluding it. 
4. While concluding the GD, ensure that you cover all the points discussed during the GD (notes will be helpful here) and in the end express your own stand.
Duration: 10-15 minutes

Round: HR Interview
Experience: It was a HR + Puzzle round. Panel was of Some junior management and the duration was of 30-40 minutes. By the end of this round, they were quite impressed and sent me for the second interview immediately.

Round: Technical Interview
Experience: This round was based on Current Affairs and Finance and lasted for 20 minutes. And, I asked them a few questions about CS and job cutting etc. After this interview they had mentioned that they were quite positive on me and that I had to just interview with one more senior manager. This really boosted my confidence.

Round: Other Interview
Experience: It was also based on finance and current affairs. Panel consisted of the Senior most employee who had come for recruitment. After this round I was informally offered the job.

General Tips: 1. Even when you are unable to answer questions&#44; don’t get bogged down or disheartened remain calm. DB quite often takes stress interview. Just keep your cool and smile while answering questions. 
2. If you do not know any answer, there is no harm is admitting that.
3. Be confident. Know your resume inside out. 
4. Practice a few HR interviews before the actual one. 
5. Also, communication skills in English are very important.
Skills: Probability and Statistics, Basic Finance, Puzzles, Newspaper and current affairs, Major events in the financial world over the past 5-6 years
College Name: IIT KANPUR

Skills evaluated in this interview

Associate Interview Questions & Answers

JPMorgan Chase & Co. user image SHUBHAM VINAYAK KALE shubham

posted on 4 Dec 2016

I applied via Campus Placement and was interviewed in Dec 2016. There were 5 interview rounds.

Interview Questionnaire 

8 Questions

  • Q1. Project/DDP based questions
  • Q2. Any coding done in curriculum, explain the most complex one
  • Ans. 

    Yes, I have coded in curriculum. The most complex one was a project on building a web application using React and Node.js.

    • Built a full-stack web application using React and Node.js

    • Implemented user authentication and authorization using JSON Web Tokens (JWT)

    • Used MongoDB as the database and Mongoose as the ODM

    • Implemented real-time updates using Socket.IO

    • Deployed the application on Heroku

    • Handled errors and implemented log

  • Answered by AI
  • Q3. What is 'Big data'? Why is it called 'Big'
  • Ans. 

    Big data refers to large and complex data sets that cannot be processed using traditional data processing methods.

    • Big data is characterized by its volume, velocity, and variety

    • It is used in various industries such as healthcare, finance, and retail

    • Examples of big data include social media data, sensor data, and transactional data

    • It is called 'big' because it involves processing massive amounts of data

    • Big data requires ...

  • Answered by AI
  • Q4. Why do you want to switch to IT sector from your respective branch
  • Ans. 

    I am passionate about technology and eager to learn new skills in the IT sector.

    • I have always had a keen interest in technology and enjoy working with computers.

    • I believe the IT sector offers more opportunities for growth and advancement in my career.

    • I have seen the impact of technology on various industries and want to be a part of that innovation.

    • I have taken courses in programming and networking to prepare myself fo

  • Answered by AI
  • Q5. I did a course on compute simulation and had extra curricular in chess, so was asked to simulate a chess game
  • Q6. Two friends A & B meet after long time, A asks B about his family. B says he has 3 children, product of their ages is 36, and sum of their ages is equal to the (point towards a house on street) house numbe...
  • Q7. A rat has 3000 gm of rice, he has to travel a distance of 3000m, he eats 1gm rice/m, his maximum carrying capcity is 1000 gm,how should he travel the distance to reach with maximum rice left
  • Q8. A new software has 3 functions SelectSum(), log() and exp(). You have a table of 1000 data points, how will you find product of all points using only the above mentioned functions
  • Ans. 

    To find the product of all data points using SelectSum(), log(), and exp() functions.

    • Use the log() function to convert the product into a sum of logarithms

    • Apply the SelectSum() function to calculate the sum of logarithms

    • Finally, use the exp() function to convert the sum back into the product

  • Answered by AI

Interview Preparation Tips

Round: Test
Experience: Aptitude part has easy questions, including number series, picture series, interest rate and some quant based questions.

The coding part is difficult.2-3 coding questions, Codes will be related to linked lists , trees or sorting.
Tips: Try to get maximum marks in aptitude, which should be fine with some practice . One of the code will be easy, so complete it and make a try for second
Duration: 1 hour
Total Questions: 30

Round: Puzzle Interview
Experience: very easy puzzles, I was able to solve all puzzles in first attempt
Tips: Be confident in your approach they are locking for approach more than result

Round: Technical Interview
Experience: I answered all resume based questions, he liked my choice of projects, though they were not exactly related to the profile. He liked me and said I would recommend you directly to HR round
Tips: Prepare in details about all points in resume, course work mentioned and projects, Based on performance in this interview, they decide to whether to take one more technical interview or send directly to HR

Skills: Behavioural Skills, Puzzle Solving Capability, Approaching A Problem, Basic Coding
College Name: IIT Madras

Skills evaluated in this interview

Interview Preparation Tips

Round: Test
Experience: First round - 1 hour online test split into 2 sections. First section - aptitude 10 questions and c/c++/java 10 question for a total of 30 minutes. Second section included 2 coding questions for a total time of 30 minutes. Approx - 400 students.

General Tips: Aptitude was hard and pace is important. Practicing commercial mathematics will help. Past projects are important and resume should have only information that you are thorough with.Understand the company and what it does before the personal interviews.
Skill Tips: Prepare well DSA, OS ,Aptitude,C,C++ , by the help of Indiabix.com.
Skills:
College Name: NIT Surathkal

I was interviewed in Dec 2016.

Interview Questionnaire 

8 Questions

  • Q1. Question related to projects mentioned in CV.
  • Q2. Question related to Database Management.
  • Q3. Given a web portal that is running slow, how would you debug the solution for that? Answer stepwise.
  • Ans. 

    Debugging steps for a slow web portal

    • Check server load and resource usage

    • Analyze network traffic and latency

    • Review code for inefficiencies and optimize

    • Use profiling tools to identify bottlenecks

    • Consider caching and content delivery networks

    • Test and monitor performance after changes

  • Answered by AI
  • Q4. Generally we store data in normalised form, but it makes it slow to run any queries. How would you make the queries run faster?
  • Ans. 

    Denormalization, indexing, caching, and partitioning can improve query performance.

    • Denormalize the data to reduce the number of joins required for queries.

    • Create indexes on frequently queried columns to speed up search.

    • Cache frequently accessed data in memory to avoid disk reads.

    • Partition large tables into smaller ones to reduce the amount of data that needs to be scanned.

    • Use query optimization techniques like query re...

  • Answered by AI
  • Q5. Write a sorting algorithm in detail.
  • Ans. 

    Sorting algorithm organizes data in a specific order.

    • Choose a sorting algorithm based on the data size and type.

    • Common sorting algorithms include bubble sort, insertion sort, and quicksort.

    • Implement the chosen algorithm in code.

    • Test the algorithm with sample data to ensure it sorts correctly.

  • Answered by AI
  • Q6. Who or what inspires you the most?
  • Ans. 

    My parents inspire me the most.

    • Their hard work and dedication to providing for our family motivates me to work hard.

    • Their unwavering support and encouragement has helped me overcome challenges.

    • Their values and principles have shaped me into the person I am today.

    • Seeing their sacrifices and selflessness inspires me to be a better person.

  • Answered by AI
  • Q7. What are the qualities of a leader?
  • Ans. 

    A leader should possess qualities like vision, communication, empathy, integrity, and adaptability.

    • Vision: Ability to see the big picture and set goals accordingly

    • Communication: Ability to convey ideas clearly and listen actively

    • Empathy: Ability to understand and relate to others' emotions and perspectives

    • Integrity: Consistency in values, actions, and decisions

    • Adaptability: Ability to adjust to changing circumstances a

  • Answered by AI
  • Q8. Why Morgan Stanley?
  • Ans. 

    Morgan Stanley is a top-tier investment bank with a strong reputation for excellence and innovation.

    • Morgan Stanley has a long history of success in the financial industry

    • The company is known for its innovative approach to investment banking

    • Morgan Stanley has a global presence and offers a wide range of services to clients

    • The firm has a strong commitment to diversity and inclusion

    • Morgan Stanley is a great place to work

  • Answered by AI

Interview Preparation Tips

Round: Technical Interview
Experience: The interviewer asked questions based upon CV. He first made me adjust to the environment and then started the serious questions realted to technical stuff.
Tips: Never lie about any subject you don't really know. Keep a particular topic strong, in my case it was Database Management. Have good problem solving skills, if not efficient but at least a good solution.

Round: Technical Interview
Experience: The round consisted of technical questions based on my analysis of the first round. Consisted of higher levele questions related to my topics of my expertise.
Tips: Be ready for any spontaneous questions. Explain whatever comes to your mind instead of quietly thinking. Be communicative and confident. They don't care about the syntax but rather the logical thinking.

Round: HR Interview
Experience: Just be communicative. Since you've qualified till the HR interview, you are almost confirmed for their position. They checked if I could handle pressure or not. They tried to know if they could give me more responsibilities in the near future or not.
Tips: Be confident and don't hesitate to answer. Express what you feel genuinely. Show that you are a responsible guy.

College Name: IIT Varanasi

Skills evaluated in this interview

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State Street Corporation Interview FAQs

How many rounds are there in State Street Corporation Fund Accountant interview?
State Street Corporation interview process usually has 3 rounds. The most common rounds in the State Street Corporation interview process are Resume Shortlist, HR and One-on-one Round.
How to prepare for State Street Corporation Fund Accountant interview?
Go through your CV in detail and study all the technologies mentioned in your CV. Prepare at least two technologies or languages in depth if you are appearing for a technical interview at State Street Corporation. The most common topics and skills that interviewers at State Street Corporation expect are Fund Accounting, Financial Services, Investment Management, Operations and Mutual Funds.
What are the top questions asked in State Street Corporation Fund Accountant interview?

Some of the top questions asked at the State Street Corporation Fund Accountant interview -

  1. What you find interesting about state Street corporation? What is the majore re...read more
  2. What is asset and liability? What are subcategories and formula to determine as...read more
  3. What do you know about management fees and performance fe...read more

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Fund Accounting - Associate 2

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