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Internship Finance interview questions shared by candidates

## Top Interview Questions

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Quantitative Finance Summer Associate was asked...5 August 2010

### At a party everyone shakes hands, 66 hand shakes occur, how many people are at the party?

12

You can suppose there are n people in the room and think of them in a row. The first one has to shake hands with (n-1) people (because he doesn't have to shake hands with himself). The second one has already shaken hands with the first one, so he has (n-2) shakes remaining... and so on. So you have to sum: (n-1)+(n-2)+(n-3)+...+1= (n/2)*(n-1) Then you have to solve (n/2)*(n-1)=66 and you get n=12. Less

n(n-1)/2=66 so n=12

### Pretend 1% of the population has a disease. You have a test that determines if you have that disease, but it's only 80% accurate and 20% of the time you get a false positive, how likely is it you have the disease.

1%. The first sentence gives you all the info you need.

1% chance if using global population. Chances would decrease or increase depending on certain variable or demographic factors so I would say you need more data to give a specific answer. Things like age , gender , race , need to be taken into consideration if you are a 33 year old male and the subject disease is ovarial cancer then you have 0 percent chance . If you are a 40 year old nun and the disease is The clap you have less probably of being infected than say a 26 year old prostitute .. Less

Sample: 1,000 X=10 P=.8 If the test is only 80% accurate then 8 of the 10 infected will be positive and 2 will walk around unbeknownst, but 20% of the non-infected population will be falsely identified, 1000-10=990 (non-infected) 990*.2=198 (false positive) + 8 (true positive)= 296 (total positive tests) Of this population only 8/296=2.7% were correctly identified. This is the chance you have the disease Less

### Why Siemens? Tell me about yourself

Out of my over 30 years in Sales I have lead the most successful teams even through 2008 to 2012 which were very rough and tough times here in the states. My team remanded ever dedicated and we came up with creative ideas to make it through that recession. Less

I am not sure if this company or offer is in the United states or England but open to travel and maybe even relocate with more understanding of the job, pay and benefits. Less

I work with several Rad Techs, CT and MRI techs. Managing their careers in the USA. While obviously as a Sales Professional and Motivational speaker I do not work with Siemens my candidates do and they are all top notch. Less

Abarna

Abarna

Abarna

### what product should we choose to carry if we only have one cube foot storage left in our warehouse?

Whatever carries the highest unit contribution margin. Need a decisioning metric which considers top line revenue along with variable costs. Less

Digital media.

### You have a Balance Sheet, Income Statement, and a Cash Flow statement. If you could choose two out of the three statements, which two would you choose and why?

You can make the SCF from BS and IS

This is a straight accounting question. You can make Cash Flow from Balance Sheet and Income Statement, so BS and IS is the answer! Less

@hussein: There is only one correct answer, and it is the Balance Sheet and Income Statement. Less

### Why do you want to work at sidra

I am biomedical engineering and i need a job so i can hel u in your company and i need to improve my self Less

Carrier growth and development my skills in advance equipment

I am a Family Nurse Practitioner, like work abroad had working experience at middle East , fluent in Arabic Less

### What is Reconciliation?

Two sets of records are in agreement

Reconciliation is the process of comparing two accounts to make sure they are ok. Less

To find difference in between two accounts

### If the rate of \$/Rs. was 50 in december and in march it is 45, has the dollar appreciated or depreciated and what does this mean for Indian exporters?

Dollar has depreciated. This is bad news for exporters because they earn in \$ and for every \$ they exchange in the bank, they will get Rs 5 less than what they used to. Less

Dollar has depreciated which makes the goods they purchase in India more costlier thus they avoid importing from India. Less

Its Exchange loss for Indian Exporters, as \$ depreciated