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Bank of America Interview Questions & Reviews
Getting the Interview 1101 Interviews
Interview Experience 1007 Ratings
Operations Analyst at Bank of America
No Offer – Reviewed Feb 28, 2013
Interview Details phone interview and then final round of interviews consisting of 3 2to 1 interviews
Interview Question – three elements of ethics Answer Question
Helpful Interview?
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Technology Analyst at Bank of America
Accepted Offer – Interviewed in Jan 2013 – Reviewed Jan 23, 2013
Interview Details
The first stage was an online application. After the initial application I was sent a numerical test, which I passed successfully. Should a candidate pass the numerical test he is sent three questions:
1. In your own words, please describe the function of your 1st Divisional Preference?
2. Please detail why you have chosen to apply to the Financial services Industry and specifically why Spring Insight Week at Bank of America Merrill Lynch?
3. What is the personal achievement of which you are most proud of? What did you learn from this experience and how does it differentiate you from others?
4. Please use the space below to include any additional information that you would like to support your application (for example, personal interests, sports interests, positions of responsibility, travel experiences, additional voluntary work and other extra curricular activities)?
After this stage I waited for 14 days and I was schedule an interview the following the. The next day after the interview they told me that I was successful and I will be sent a contract.
Interview Question – In which division you would not work and why? Answer Question
Helpful Interview?
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Industrial Placement at Bank of America
No Offer – Interviewed in London, England Nov 2011 – Reviewed Jan 08, 2013
Interview Details 2 face to face interviews and 1 group activity
Interview Question – technical questions about Java and C++ View Answer
Helpful Interview?
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Global Markets Summer Analyst at Bank of America
Declined Offer – Interviewed in London, England Jan 2013 – Reviewed Jan 11, 2013
Interview Details
- Online application
- Online tests
- Assessment centre
Assessment centre comprised of:
- two 1-1 interviews:
These were slightly unfair as there were 6 interviewers, and each took a different style. Some people were just asked competency questions, some people had no brain teasers, and some had very technical interviews. I can't really offer helpful advice as having spoken to the candidates there, each interview was very different from the next- some people had much harder interviews than others.
- presentation:
Revise stock portfolios and know about the market and where to invest - you will be given a brief to write your own presentation, it will not be a case study.
- lunch
- group presentation:
Very self-explanatory when you get to it
- maths test:
Very easy. Revise percentage changes and be sure you know how to convert currencies if you don't already.
Helpful Interview?
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Quantitative Management Analyst at Bank of America
No Offer – Interviewed in London, England Nov 2012 – Reviewed Dec 06, 2012
Interview Details Phone Interview was very simple - only lasted about 10 mins. Assessment centre was stress-free and would be easy if you have the right knowledge, unfortunately I did not. Although they say that a student of any numerate discipline can do this role, they did expect knowledge of stochastic calculus and detailed pricing formulae. The assessment centre would be basic for anyone with detailed knowledge of these subjects or formal mathematical finance.
Interview Question – Derive Black-Scholes Answer Question
Helpful Interview?
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Project Manager at Bank of America
Accepted Offer – Interviewed on London, England Sep 2012 – Reviewed Nov 26, 2012
Interview Details Was very detailed.
Interview Question – What was the most difficult situation I had to deal with? Answer Question
Negotiation Details – Very good.
Helpful Interview?
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Trade Product Analyst at Bank of America
No Offer – Interviewed in Chester, England Mar 2012 – Reviewed Jun 13, 2012
Interview Details The recruiter did not respond in a timely manner & called me the day before to schedule an interview. One of the interviewers told me not to expect any promotional opportunities. The recruiter took 3 weeks to tell me I was "over qualified".
Interview Questions
- What do you know about x, y and z products? View Answer
- What is your five year plan? View Answer
Helpful Interview?
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Senior Business Analyst at Bank of America
Accepted Offer – Interviewed on London, England May 2010 – Reviewed Feb 09, 2012
Interview Details It was one of the best interviews I had at BoA. I had 2 interviews and both of them with senior members of the department and with solid functional and Technology experience behind them, I've really enjoyed the interview not because they have asked me the questions for which I know the answers, but it was their style of interview. The one good thing in my interview was it was a perfect fit so it was easy for both parties
Interview Question – Cross currency trading process? difference between repo and buy/sell back Answer Question
Helpful Interview?
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Summer Analyst Global Research at Bank of America
Accepted Offer – Interviewed on London, England Jan 2011 – Reviewed Feb 02, 2011
Interview Details
It was an assessment center, consisting of a numerical test, a writing report, a group exercise and 2 1:1 interviews.
Regarding the interviews, they focused on your motivations to get the job, on the competencies needed, an don basic finance knowledge. Some questions: what do you think the euro will do during the year? where would you invest? why are you applying for this job? could you explain a situation where you showed ...?
There were no brainteasers nor guestimates.
I felt really comfortable during the interview, that seemed more a chat than a formal interview. That helped me explain what I wanted without pressure.
Interview Question – What do you think the euro will do during the year? View Answer
Helpful Interview?
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Problem with this interview?
Derivatives Applications Support at Bank of America
No Offer – Interviewed in London, England Mar 2010 – Reviewed May 14, 2010
Interview Details
I got a telephone interview that was limited to 30 minutes.
The first 10 minutes was all about the interviewer explaining the department structure and how he expected to develop his team and what he expected the candidate to do. He then went into how many people he was interviewing and how many he expected to give second interviews and then third interviews to.
After establishing that I was still interested he started asking me about my knowledge of derivatives then about my technical IT skills. He asked me about derivatives pricing models which is something I knew nothing about.
I got a little chance to ask questions and I found out that I would be working one week in one office and the other week in a different office.
The interview was quite frustrating as the 30 minute time meant I couldn't say as much as I wanted or ask as much as I wanted.
In the end I wasn't offered the job as I didn't have enough experience but I wasn't bothered as I really didn't want to do the hot desking.
Interview Questions
- Explain the difference between Futures and Options. View Answer
- What do you know about smile curves? Answer Question
Helpful Interview?
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No
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