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Standard Chartered Business Development Manager Interview Questions and Answers

Updated 20 Jun 2024

6 Interview questions

🔥 Asked by recruiter 2 times
A Business Development Manager was asked
Q. Describe a challenging situation you faced while developing a React Native application and how you resolved it.
Ans. 

Faced a performance issue in a React Native app, resolved it by optimizing components and using native modules.

  • Identified performance bottlenecks using React Native's built-in performance monitor.

  • Refactored components to use PureComponent and memoization to prevent unnecessary re-renders.

  • Implemented lazy loading for images and components to improve initial load time.

  • Utilized native modules for heavy computations t...

A Business Development Manager was asked
Q. Will you be able to sell insurance worth 400,000 per month?
Ans. 

Yes, I have a proven track record of exceeding sales targets and have the necessary skills to sell insurance worth 4 lacs per month.

  • I have experience in selling insurance products to a diverse range of customers

  • I have a deep understanding of the insurance industry and the products offered

  • I am skilled in building and maintaining relationships with clients

  • I am confident in my ability to meet and exceed sales targets

  • ...

Business Development Manager Interview Questions Asked at Other Companies

Q1. If you are not getting support from the bank or agent, what appro ... read more
Q2. What is sales? why do you want to work in sales? What are the 3 m ... read more
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Q3. What do you know about life insurance? How u will deal with custo ... read more
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Q4. What is the difference between the Limit State Method and the Wor ... read more
asked in HDFC Life
Q5. Are you comfortable selling insurance products through agents?
A Business Development Manager was asked
Q. How do you acquire HNI clients with high up value?
Ans. 

Acquiring HNI clients with high up value requires a strategic approach and personalized communication.

  • Identify target market and research their needs and preferences

  • Develop a personalized approach and communication strategy

  • Leverage existing network and referrals

  • Attend industry events and conferences to network and build relationships

  • Offer exclusive benefits and services to attract and retain clients

  • Provide excepti...

A Business Development Manager was asked
Q. How do you sell banking products?
Ans. 

To sell banking products, you need to understand customer needs, build relationships, showcase product benefits, and provide excellent customer service.

  • Understand customer needs and tailor product recommendations accordingly

  • Build relationships with potential customers through networking and referrals

  • Showcase the benefits and features of banking products to potential customers

  • Provide excellent customer service to b...

What people are saying about Standard Chartered

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an associate consultant
2w
Offer Dilemma: Standard Chartered vs. Bank of America – Need Advice!
Hey Fishes, I need help deciding between two offers: My current role is in a FinTech product-based company. YOE: 3.6 years Current CTC: 8 LPA Tech Stack: Java + Springboot + Microservices I have offers from two captive banks: Standard Chartered: 13 LPA fixed + 1.3 LPA variable = 14.3 LPA Bank of America: 13 LPA fixed Is there room to negotiate further? Should I use the Standard Chartered offer to counter Bank of America? This is my first job switch, and I'm unsure about negotiating. What if my counter is beyond their budget? Help, please!
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A Business Development Manager was asked
Q. 1. Tell me about urself 2. How will ypu achieve targets
Ans. 

I am a results-driven business development manager with a proven track record of exceeding targets through strategic planning and relationship building.

  • Setting clear and achievable targets based on market analysis and company goals

  • Developing strong relationships with key clients and partners to drive sales

  • Implementing effective sales strategies and tactics to meet and exceed targets

  • Regularly monitoring progress to...

A Business Development Manager was asked
Q. Comparison with other Banks
Ans. 

We differentiate ourselves from other banks through our personalized customer service, innovative digital solutions, and strong community involvement.

  • Our bank offers personalized financial solutions tailored to each customer's unique needs.

  • We have invested in cutting-edge digital banking technology to provide a seamless and convenient banking experience.

  • Our bank actively participates in community events and initia...

Standard Chartered HR Interview Questions

45 questions and answers

Q. How hungry are you to get this position and why?
Q. Where do you see yourself in the next 10 years?
Q. Why should we hire you instead of other candidates?

Standard Chartered Business Development Manager Interview Experiences

5 interviews found

Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(3 Questions)

  • Q1. Sales Related questions
  • Q2. Comparison with other Banks
  • Ans. 

    We differentiate ourselves from other banks through our personalized customer service, innovative digital solutions, and strong community involvement.

    • Our bank offers personalized financial solutions tailored to each customer's unique needs.

    • We have invested in cutting-edge digital banking technology to provide a seamless and convenient banking experience.

    • Our bank actively participates in community events and initiatives...

  • Answered by AI
  • Q3. Situation based Questions
Round 2 - HR 

(1 Question)

  • Q1. Salary expectation
Are these interview questions helpful?
Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Aptitude Test 

Current affairs with Data Reasoning

Round 2 - Case Study 

General Product knowledge

Round 3 - HR 

(1 Question)

  • Q1. Basics questions of current affairs
Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Don’t add your photo or details such as gender, age, and address in your resume. These details do not add any value.
View all tips
Round 2 - Group Discussion 

General topics in day to day luge

Round 3 - One-on-one 

(2 Questions)

  • Q1. Tell me about urself How do you convince client
  • Q2. 1. Tell me about urself 2. How will ypu achieve targets
  • Ans. 

    I am a results-driven business development manager with a proven track record of exceeding targets through strategic planning and relationship building.

    • Setting clear and achievable targets based on market analysis and company goals

    • Developing strong relationships with key clients and partners to drive sales

    • Implementing effective sales strategies and tactics to meet and exceed targets

    • Regularly monitoring progress towards...

  • Answered by AI
Interview experience
3
Average
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Referral and was interviewed before Mar 2022. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - Aptitude Test 

General apititude Question to test your general work abilities and work scenario

Round 3 - One-on-one 

(2 Questions)

  • Q1. Business Knowledge specific to domain
  • Q2. Product Knoledge and Client handling exprience

Interview Preparation Tips

Topics to prepare for Standard Chartered Business Development Manager interview:
  • Business Development
  • Product knowledge
  • Communication Skills
Interview preparation tips for other job seekers - Good Domain Knowledge, with your first impression and strong communication

I applied via Recruitment Consultant and was interviewed in Nov 2019. There were 3 interview rounds.

Interview Questionnaire 

5 Questions

  • Q1. How do you sell banking products
  • Ans. 

    To sell banking products, you need to understand customer needs, build relationships, showcase product benefits, and provide excellent customer service.

    • Understand customer needs and tailor product recommendations accordingly

    • Build relationships with potential customers through networking and referrals

    • Showcase the benefits and features of banking products to potential customers

    • Provide excellent customer service to build ...

  • Answered by AI
  • Q2. How do you acquire hni clients with high up value
  • Ans. 

    Acquiring HNI clients with high up value requires a strategic approach and personalized communication.

    • Identify target market and research their needs and preferences

    • Develop a personalized approach and communication strategy

    • Leverage existing network and referrals

    • Attend industry events and conferences to network and build relationships

    • Offer exclusive benefits and services to attract and retain clients

    • Provide exceptional ...

  • Answered by AI
  • Q3. Will you be able to sell insurance 4 lacs per month
  • Ans. 

    Yes, I have a proven track record of exceeding sales targets and have the necessary skills to sell insurance worth 4 lacs per month.

    • I have experience in selling insurance products to a diverse range of customers

    • I have a deep understanding of the insurance industry and the products offered

    • I am skilled in building and maintaining relationships with clients

    • I am confident in my ability to meet and exceed sales targets

    • I am ...

  • Answered by AI
  • Q4. You have to be respectfull towards your fellow colleagues
  • Q5. How do you get new business ntb
  • Ans. 

    I acquire new business through strategic networking, targeted marketing, and building strong relationships with potential clients.

    • Identify target markets: Research and analyze potential industries and companies that align with our offerings.

    • Leverage networking: Attend industry conferences and events to connect with key decision-makers.

    • Utilize digital marketing: Implement SEO and content marketing strategies to attract ...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident speak logical be prepared before going for an interview and trust me if you have worked in sales of banking products I guess you know how to nail it all the best

Interview questions from similar companies

I applied via Referral and was interviewed before Mar 2021. There were 2 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - Aptitude Test 

Nomeric and mathametic

Interview Preparation Tips

Interview preparation tips for other job seekers - Only self motivetion and boldness and creak the interview

I applied via Walk-in and was interviewed in Sep 2020. There was 1 interview round.

Interview Questionnaire 

1 Question

  • Q1. Sales Target achievement

Interview Preparation Tips

Interview preparation tips for other job seekers - Formal

I applied via Walk-in and was interviewed before May 2021. There were 4 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - Group Discussion 

Self knowledge

Round 3 - Case Study 

Consumer behaviour

Round 4 - Case Study 

Human behaviour

Interview Preparation Tips

Interview preparation tips for other job seekers - Think positive and self-confidence is most convenient tools for self presence

I applied via Recruitment Consultant and was interviewed in Feb 2021. There was 1 interview round.

Interview Questionnaire 

2 Questions

  • Q1. Previous company and job role details
  • Q2. Know about the banking products, cross selling

Interview Preparation Tips

Interview preparation tips for other job seekers - Interview was mainly related to banking product knowledge and agree to do sale and mainly candidate should be from relevant banking field

I applied via Walk-in and was interviewed before Apr 2021. There was 1 interview round.

Round 1 - HR 

(1 Question)

  • Q1. Tell me about yourself.

Interview Preparation Tips

Interview preparation tips for other job seekers - IndusInd Bank In Casa All's Product Sales FD, Rd, Hi, Hi, Li Credit Card , Debit Card

Standard Chartered Interview FAQs

How many rounds are there in Standard Chartered Business Development Manager interview?
Standard Chartered interview process usually has 2-3 rounds. The most common rounds in the Standard Chartered interview process are One-on-one Round, HR and Resume Shortlist.
How to prepare for Standard Chartered Business Development Manager interview?
Go through your CV in detail and study all the technologies mentioned in your CV. Prepare at least two technologies or languages in depth if you are appearing for a technical interview at Standard Chartered. The most common topics and skills that interviewers at Standard Chartered expect are Customer Relationship, Interpersonal Skills, IRDA, Risk Management and Operations.
What are the top questions asked in Standard Chartered Business Development Manager interview?

Some of the top questions asked at the Standard Chartered Business Development Manager interview -

  1. How do you sell banking produc...read more
  2. How do you acquire hni clients with high up val...read more
  3. Will you be able to sell insurance 4 lacs per mon...read more

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Overall Interview Experience Rating

4.2/5

based on 5 interview experiences

Difficulty level

Moderate 100%

Duration

Less than 2 weeks 50%
2-4 weeks 50%
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Standard Chartered Business Development Manager Salary
based on 417 salaries
₹5.6 L/yr - ₹12 L/yr
11% more than the average Business Development Manager Salary in India
View more details

Standard Chartered Business Development Manager Reviews and Ratings

based on 172 reviews

3.5/5

Rating in categories

3.1

Skill development

3.6

Work-life balance

3.8

Salary

3.2

Job security

3.6

Company culture

3.0

Promotions

3.3

Work satisfaction

Explore 172 Reviews and Ratings
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