State Street Corporation Process Associate II Interview Questions and Answers

The primary market is where new securities are issued and sold for the first time, allowing companies to raise capital.

• Companies issue stocks or bonds to raise funds directly from investors.

• Initial Public Offerings (IPOs) are a key example of primary market transactions.

• Investors purchase securities directly from the issuer, not through intermediaries.

• The primary market helps companies finance growth, projects, or debt...read more

A trial balance is a financial statement that lists all the accounts in a company's general ledger and their balances.

• Used to ensure that debits equal credits in the accounting system

• Helps in detecting errors in recording transactions

• Prepares the company for the financial statement preparation

• Can be used to create financial ratios for analysis

Final accounts are used to summarize a company's financial transactions and provide a snapshot of its financial position.

• Final accounts are used to prepare the income statement, balance sheet, and cash flow statement.

• They help stakeholders assess the financial performance and position of a company.

• Final accounts are crucial for decision-making, tax compliance, and financial reporting.

• Examples of final accounts include ...read more

MBA provides a well-rounded business education, enhances career opportunities, and develops leadership skills.

• MBA offers a diverse range of business knowledge and skills.

• It opens up opportunities for career advancement and higher salary potential.

• MBA programs often include networking opportunities with industry professionals.

• It helps in developing critical thinking, problem-solving, and leadership abilities.

• Having an M...read more

I come from a close-knit family that values education and support, with diverse backgrounds and strong bonds.

• My father is an engineer, which inspired my analytical thinking.

• My mother is a teacher, instilling a love for learning in me.

• I have two siblings; we often collaborate on projects and support each other's goals.

• Family gatherings are frequent, fostering strong relationships and communication.

Derivatives are financial instruments whose value is derived from an underlying asset or group of assets.

• Types of derivatives include futures, options, swaps, and forwards.

• Futures contracts obligate the buyer to purchase an asset at a specific price on a future date.

• Options give the buyer the right, but not the obligation, to buy or sell an asset at a predetermined price within a specified time period.

• Swaps involve the...read more

Corporate action refers to events initiated by a public company that impact its shareholders and securities.

• Types of corporate actions include dividends, stock splits, mergers, acquisitions, spin-offs, and rights issues.

• Dividends are payments made to shareholders from a company's profits.

• Stock splits involve dividing existing shares into multiple shares.

• Mergers occur when two companies combine to form a new entity.

• Acqu...read more