State Street Corporation Interview Questions, Process, and Tips

Q1. Interview question was not relevant according to JD. JD given by after interview. And Interviewer not good in experience they are asking wrong questions.
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Q1. Out of the context question
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Q1. Basic profile information
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Q2. Why are you looking for job change to
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Q1. Previous work experience
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Q2. Question about trade life cycle
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Q1. Team conflict and how it was dealt with
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Q2. When did you get an interest in working in SOC
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Q1. About Team Handling
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Q2. About fund accounting
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Q1. About Project Handling
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Q1. Tell me about yourself
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Q2. Are you okay with night shifts & location, who are there in your family, are your parents okay with night shifts
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Q3. What are shares?
Ans. 
Shares represent ownership in a company and entitle the shareholder to a portion of the company's profits and voting rights.
• Shares are units of ownership in a company

• Shareholders are entitled to dividends based on the company's profits

• Shareholders have voting rights in company decisions

• Shares can be bought and sold on stock exchanges

• Common types of shares include common stock and preferred stock
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Q4. What is SEBI? What does it do?
Ans. 
SEBI stands for Securities and Exchange Board of India. It is the regulatory body for the securities market in India.
• SEBI regulates the securities market by overseeing the activities of stock exchanges, brokers, merchant bankers, and other intermediaries.

• It protects the interests of investors and promotes the development of the securities market.

• SEBI also regulates takeover of companies, insider trading, and fraudulent...read more
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Q5. What is NAV & its formula?
Ans. 
NAV stands for Net Asset Value, which is the value of a fund's assets minus its liabilities, divided by the number of shares outstanding.
• NAV is used to determine the price of a mutual fund or ETF.

• Formula: NAV = (Total assets - Total liabilities) / Number of shares outstanding

• For example, if a mutual fund has total assets of $100 million, total liabilities of $10 million, and 10 million shares outstanding, the NAV would
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Exam was arranged by HirePro
Aptitude 20Qs 30mins
English 15Qs 15mns
Finance & Management 20Qs 30mins
Excel 10Qs 15mins
Aptitude test was tough

Q1. Vacancy was for middle income department Background and resume related Qs, night shifts
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Q2. Golden Rules of Accounting
Ans. 
Golden Rules of Accounting are basic principles that guide the process of recording financial transactions.
• The three Golden Rules of Accounting are: Debit what comes in, Credit what goes out, Debit the receiver, Credit the giver, Debit expenses and losses, Credit income and gains.

• These rules help maintain the balance in the accounting equation: Assets = Liabilities + Equity.

• For example, when a company receives cash fro...read more
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Q3. What is Accrued Income? &its journal entry
Ans. 
Accrued income is revenue earned but not yet received. Journal entry includes debiting accrued income and crediting income account.
• Accrued income is revenue that has been earned but not yet received.

• It is recorded as a current asset on the balance sheet.

• Journal entry for accrued income involves debiting accrued income and crediting the income account.

• Example: A company provides services to a client in December but does...read more
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Q4. Do you know Trade Life Cycle? & dates in Trade Life Cycle
Ans. 
Trade Life Cycle refers to the process of a trade from initiation to settlement, involving various steps and dates.
• Trade initiation: Trade is proposed and agreed upon by parties involved.

• Trade execution: Trade is executed on the agreed terms.

• Trade confirmation: Parties confirm the details of the trade.

• Trade settlement: Actual exchange of securities and payment takes place.

• Trade reconciliation: Ensuring all details matc...read more
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Q1. Tell me about yourself
Ans. 
I am a detail-oriented accounting professional with 5 years of experience in financial analysis and reporting.
• Bachelor's degree in Accounting from XYZ University

• Proficient in using accounting software such as QuickBooks and SAP

• Experience in preparing financial statements and conducting audits

• Strong analytical skills and attention to detail

• Excellent communication and teamwork abilities
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Q1. Discussed job, typical behavioral
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