Bank of America - IBD (英语)

Investment Banking Interview Questions

Bank of America is one of the world’s leading financial institutions, serving individuals, small- and middle-market businesses, large corporations, and governments with a full range of banking, investment management and other financial and risk management products and services.

You may be asked to participate in competency-based job interviews. The number of interviews may vary by role, country or line of business. Every situation differs, but you can expect interviews to be a mix of phone calls, in-person conversations, conference calls and/or video interviews. While every interview BoA conduct introduces candidates to the Bank’s products and services, history and mission, hiring managers are always especially interested in a prospective teammate’s aspirations, character and values — and how they align with the Bank's. You’ll engage in lively discussions with HR team members, business managers and possible peers. Hiring managers be looking to discern how you would fit the Bank's culture and help the team deliver even better results for their clients. BoA interviews for competencies and may use competency-based exercises, assessments and screenings to measure key aptitudes, attributes and values that you will need. Interviewers will hone in on the appropriate competencies and ask applicable questions for the role.

Introductory Questions

1. Tell me something about yourself and why you want to work for BoA, why the role?

2. Why do you want to be an investment banker?

3. Why BoA over any other bank?

4. Why are you a good candidate? What makes you special?

5. What is your favourite book?

6. Who would you choose as a mentor?

7. Where do you see yourself in 5 years time.

Business Acumen Questions

1. Tell me a current market news and its implications.

2. Tell me something you have been following in the markets that will impact BOA/your department.

3. Tell me about a stock you're following.

4. Could you surprise me with one experience?

5. What is an LBO?

Behavioural Questions

1. As you know, businesses, the financial market and technology are changing faster than ever. Tell us how you keep up with changes in technology, the market or your field. And give us an example of something new you recently learned?

2. Teams are often made up of people with perspectives and ideas different from your own. Tell us about a time when you worked on such a team? How did the differing perspectives lead to team success?

3. Describe a situation in which you were required to make an important decision, based upon little information or data. What approach did you take in this situation? How did that approach help you achieve your goal?

4. Which one of your key accomplishments best illustrates your personal initiative and willingness to push beyond what is required?

5. Which one of your key accomplishments best illustrates your personal initiative and willingness to push beyond what is required?

6. What have you done when you have been put in a tough situation?

7. Tell me about a team-oriented experience in which you encountered a problem and how you solved it/made the team sway in your opinion's direction?

Technical Questions

1. How would you value a start-up?

2. How to calculate FCF?

3. How do you go from revenue to FCFF?

4. Walk me through a DCF.

5. What are the shortcomings of the DCF valuation approach?

6. What are the different valuation methodologies

7. How do the three financial statements flow through each other?

8. Tell me about how you would go about the valuation of a company making losses.

9. If a company takes out $100 million of debt and uses it all to finance a stock buyback, how does it affect the 3 financial statements both now and a year in the future?

10. What happens to the 3 statements when depreciation goes up by $10.

11. Two companies both trade at $25. Which one is more expensive?

12. How does deferred tax allowance affect the three statements?

13. How many ping pong balls could you fit in an olympic sized pool?

14. If a company with a higher EPS purchases a company with a lower EPS, what happens to the purchaser's EPS?

15. What is quantitative easing?