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State Street Corporation Fund Accountant Interview Questions, Process, and Tips
Top State Street Corporation Fund Accountant Interview Questions and Answers
- Q1. What you find interesting about state Street corporation? What is the majore reason to choose state street corp
- Q2. What is asset and liability? What are subcategories and formula to determine asset and liability?
- Q3. What do you know about management fees and performance fees?
State Street Corporation Fund Accountant Interview Experiences
2 interviews found
Anonymous
Selected
I applied via Campus Placement and was interviewed in Mar 2023. There were 3 interview rounds.
(5 Questions)
- Q1. Tell me about yourself
- Ans.
I am a detail-oriented and analytical professional with a strong background in finance and accounting.
I have a Bachelor's degree in Accounting and have been working as a Fund Accountant for the past 5 years.
I am experienced in preparing financial statements, reconciling accounts, and analyzing investment portfolios.
I have a deep understanding of accounting principles and regulations, including GAAP and IFRS.
I am profic...
- Q2. What are your job location preferences
- Ans.
I am open to job locations that offer a strong financial industry presence and opportunities for professional growth.
I prefer job locations with a strong financial industry presence.
I am interested in locations that offer opportunities for professional growth and development.
I am open to considering different locations based on the specific job requirements and career prospects.
I value a supportive work environment and...
- Q3. Tell me about your expectations about salary and hike
- Ans.
I expect a competitive salary that reflects my skills and experience, and I hope for regular performance-based hikes.
I believe my skills and experience warrant a competitive salary.
I hope for regular performance-based hikes to recognize my contributions.
I am open to negotiation and would like to discuss the salary and hike in detail during the interview.
I understand that the salary and hike will depend on the company's
- Q4. Can you briefly tell me about your past experience
- Ans.
I have 5 years of experience as a Fund Accountant in a leading financial institution.
Managed daily accounting activities for multiple investment funds
Performed NAV calculations and reconciliations
Prepared financial statements and reports for clients
Collaborated with portfolio managers and auditors
Implemented process improvements to enhance efficiency
- Q5. If you got selected for job then in how many days you will take to join us?
- Ans.
I will be able to join within 2 weeks of receiving the offer.
I will need to give notice to my current employer, which typically requires 2 weeks.
I will need to complete any necessary paperwork and background checks before starting.
I will also need some time to prepare for the transition and tie up loose ends in my current role.
However, I am open to discussing the start date and can potentially join earlier if needed.
(19 Questions)
- Q1. Tell me about yourself
- Ans.
I am a detail-oriented and analytical professional with a strong background in finance and accounting.
I have a Bachelor's degree in Accounting and have been working as a Fund Accountant for the past 5 years.
I am proficient in financial analysis, reconciliation, and reporting.
I have experience in managing complex investment portfolios and ensuring compliance with regulatory requirements.
I am skilled in using accounting ...
- Q2. Discussion on various points which are in resume
- Q3. What is fund accounting?
- Ans.
Fund accounting is a specialized form of accounting used by organizations that manage funds or investments.
It focuses on tracking and reporting the financial activities of specific funds or investment portfolios.
It involves recording and reconciling transactions, calculating net asset values, and preparing financial statements.
Fund accountants ensure compliance with regulatory requirements and provide accurate and time...
- Q4. What is NAV calculation, how to calculate NAV?
- Ans.
NAV calculation is the process of determining the net asset value of a fund, which represents the value per share/unit.
NAV is calculated by subtracting the fund's liabilities from its assets.
Assets include investments, cash, and receivables, while liabilities include expenses and payables.
NAV = (Total Assets - Total Liabilities) / Total Shares/Units Outstanding.
NAV is typically calculated on a daily basis for mutual fu...
- Q5. What is asset and liability? What are subcategories and formula to determine asset and liability?
- Ans.
Assets are resources owned by a company, while liabilities are obligations or debts. They have subcategories and formulas to determine their values.
Assets are economic resources that provide future benefits to a company, such as cash, inventory, or property.
Liabilities are obligations or debts that a company owes to external parties, such as loans or accounts payable.
Subcategories of assets include current assets (e.g....
- Q6. What is GAV? How it is differ from NAV?
- Ans.
GAV stands for Gross Asset Value, which represents the total value of all assets in a fund. NAV stands for Net Asset Value, which is the value of a fund's assets after deducting liabilities.
GAV is the total value of all assets in a fund, including both realized and unrealized gains or losses.
NAV is the value of a fund's assets after deducting liabilities, such as management fees, operating expenses, and accrued expense...
- Q7. What is equity, and bond?
- Ans.
Equity is ownership in a company, while a bond is a debt instrument issued by a company or government.
Equity represents ownership in a company and gives shareholders the right to vote and receive dividends.
Bonds are debt instruments where the issuer borrows money from investors and promises to repay the principal with interest.
Equity holders have a higher risk and potential for higher returns compared to bondholders.
Ex...
- Q8. What is capstock? Explain subscription and resumption
- Ans.
Capstock refers to the total value of a company's outstanding shares of stock.
Capstock is the market value of a company's equity capital.
It represents the total value of all the company's shares of stock.
Capstock can be calculated by multiplying the current market price per share by the total number of outstanding shares.
It is an important metric for investors and analysts to assess the overall value of a company.
Subsc...
- Q9. How can capstock affects the NAV?
- Ans.
Capstock can affect the NAV by impacting the valuation of the fund's investments.
Capstock refers to the capitalization of a stock, which is the total value of a company's outstanding shares.
If a fund holds capstocks that experience a significant increase or decrease in value, it can impact the Net Asset Value (NAV) of the fund.
An increase in the value of capstocks held by a fund can lead to an increase in the NAV, as t...
- Q10. What do you know about management fees and performance fees?
- Ans.
Management fees and performance fees are charges levied by investment managers for managing funds and achieving certain performance benchmarks.
Management fees are ongoing charges that cover the cost of managing the fund, including administrative expenses, research, and investment management.
Performance fees are additional charges based on the fund's performance relative to a benchmark or a predetermined hurdle rate.
Man...
- Q11. What are accounting rules? Both modern and traditional?
- Ans.
Accounting rules are guidelines and principles that govern the recording and reporting of financial transactions.
Accounting rules ensure consistency and accuracy in financial reporting.
They provide a framework for recording and classifying transactions.
Modern accounting rules are often based on international standards, such as the International Financial Reporting Standards (IFRS) or the Generally Accepted Accounting P...
- Q12. Explain dr and cr? Explain ledger and subledger?
- Ans.
DR and CR are abbreviations for debit and credit, which are used in accounting to record financial transactions. Ledger is a book that contains all the accounts, while subledger is a subsidiary ledger that provides more detailed information for specific accounts.
DR stands for debit, which represents an increase in assets or a decrease in liabilities or equity.
CR stands for credit, which represents a decrease in assets ...
- Q13. What is corporate action and it's various types
- Ans.
Corporate action refers to any event initiated by a publicly traded company that impacts its shareholders.
Corporate actions can include stock splits, dividends, mergers and acquisitions, rights issues, and spin-offs.
Stock split: When a company divides its existing shares into multiple shares, e.g., 2-for-1 split.
Dividends: Distribution of a portion of a company's earnings to its shareholders.
Mergers and acquisitions: W...
- Q14. Your expectations from job
- Ans.
I expect the job to provide opportunities for growth, a supportive work environment, and a competitive salary.
Opportunities for professional development and advancement
A positive and collaborative work culture
A fair and competitive salary
Clear expectations and goals
Work-life balance
Supportive management and colleagues
Challenging and engaging work tasks
Opportunities to learn new skills and technologies
Recognition for ac
- Q15. Why should we hire you?
- Ans.
I have the necessary skills, experience, and passion for the role of Fund Accountant.
I have a strong background in accounting and finance, with a focus on fund accounting.
I have experience working with various financial instruments and investment strategies.
I am highly detail-oriented and have a track record of accuracy in financial reporting.
I am proficient in using accounting software and have a strong understanding ...
- Q16. What you find interesting about state Street corporation? What is the majore reason to choose state street corp
- Ans.
State Street Corporation is a leading financial services company known for its global presence and expertise in asset management and custody services.
State Street Corporation is one of the largest custodian banks in the world, providing services to institutional investors and asset managers.
The company has a strong global presence with offices in over 100 locations worldwide.
State Street is known for its expertise in a...
- Q17. Do you have any knowledge about MS-excel?
- Ans.
Yes, I have extensive knowledge of MS-Excel.
I am proficient in using Excel for financial analysis and reporting.
I have experience in creating complex financial models using Excel.
I am skilled in using Excel functions such as VLOOKUP, SUMIF, and Pivot Tables.
I have used Excel to prepare financial statements and reconcile accounts.
I am comfortable working with large data sets in Excel and have experience in data analysis
- Q18. Questions about ms Excel formulas
- Q19. Discussion about salary, appraisal, working hours, work life balance, leaves and other
Interview Preparation Tips
I applied via Naukri.com and was interviewed in Dec 2021. There were 3 interview rounds.
Interview Questionnaire
4 Questions
- Q1. Wt do u know about fund accounting
- Ans.
Fund accounting is a specialized accounting system used by investment companies to track and manage their portfolio of investments.
It involves tracking the performance of individual investments and calculating the net asset value (NAV) of the fund.
It also involves ensuring compliance with regulatory requirements and preparing financial statements for investors.
Examples of investment companies that use fund accounting i...
- Q2. Wt is corporate actions
- Ans.
Corporate actions refer to events initiated by a publicly traded company that can impact its shareholders and the value of its securities.
Corporate actions include events such as stock splits, dividends, mergers, acquisitions, rights issues, and spin-offs.
These actions can affect the ownership structure, share price, and overall value of a company.
For example, a stock split may increase the number of shares outstanding...
- Q3. Is dividend impacts NAV
- Ans.
Yes, dividends impact NAV (Net Asset Value).
Dividends are a distribution of a portion of a company's earnings to its shareholders.
When a company pays out dividends, it reduces its retained earnings and cash balance.
As a result, the NAV of a fund that holds shares of the company will decrease.
The impact of dividends on NAV depends on the size of the dividend and the fund's holdings.
For example, if a fund holds a signifi...
- Q4. Previous experience
Interview Preparation Tips
Fund Accountant Jobs at State Street Corporation
Top trending discussions
Interview questions from similar companies
Interview Questionnaire
2 Questions
- Q1. Questions about career goals, interests and future prospects
- Q2. Firm-related questions
Interview Preparation Tips
Experience: 1. At First, I missed the Credit Suisse GD since I hadn’t brought along a portfolio manager (one who handles your interview schedule and attends to the ever-ringing mobile phone).
2. I proceeded to Credit Suisse, and requested their HR contact to give me a chance since I could not turn up for the GDs.
3. It was here that I handed over my mobile phone to my friend Apratim Tiwari, who was managing the Credit Suisse procedures, and requested him to pursue the HR guy to schedule an interview, and also handle my phone when I was interviewing and he had successfully managed to get me an interview with Credit Suisse.
4. The interview went well. They were apparently quite impressed.
5. Two more rounds of interviews, and the HR guy made me an offer.
6. But, since Deutsche Bank was my dream company, I was also interviewing with them and got selected.
Tips: You would need to focus on three broad areas for a comprehensive preparation:
(a) HR questions: This is the most important part for any interview. In companies like DB, your communication skills coupled with your preparation of such questions account for more than 70% of a candidate’s selection. Answering questions about your career goals, interests, and your career thus far should become second nature by the end of November. You must also know the firms and job profiles inside out. I worked on this specific area, and by the end of the placement session, I had gained a reputation among my wingies for my expertise at answering HR questions.
(b) Puzzles: Since this is a non-core sector, puzzles are the only way to objectively test the ability of candidates with diverse backgrounds. Look up braingle.com and techinterview.org. These two should suffice. Also, whenever you come across a puzzle that you’ve already encountered, pretend as if you’re going through it for the first time. Don’t rush through. This is your opportunity to impress them. Do not squander it away!
(c) Finance and economic affairs: If you have a comprehensive knowledge of the financial markets, national economy, and international affairs, in addition to the above two, it is highly improbable that you won’t be selected. For brushing up these, read the Economist (print or online), and read through the opinion pages of Economic Times or the Business Standard for 2-3 months leading to the Placement season. You must also regularly read a newspaper like the Hindu or Indian Express to keep yourself abreast of the latest events which frequently become a focal point of group discussions (for Credit Suisse). You CANNOT afford to walk into the interview ignorant of terms like European debt crisis, global financial crisis, fiscal cliff, QE, and basic finance like options, hedging etc. Wikipedia, Investopedia and J.C.Hull (first few chapters) are great sources to pick up these.
General Tips: 1. If you are a B.Tech. student, do not be under the wrong impression that you can target all sectors- core as well as non-core. It is really difficult to prepare comprehensively for all companies, especially if you are in the B.Tech. program owing to time constraints.
2. The Dual degree students have an edge over you for precisely two reasons. Firstly, they get more time to prepare for the placements, and have learnt vicariously from their B.Tech. batchmates' experiences. Secondly, they tend to have higher retention rates (good for the companies).
3. Work on your English communication skills which are crucial for performing well in interviews and GDs.
Let neither of these become an obstacle by leaving no stone unturned in the course of your preparations.
4. You can’t appear for more than 4 companies in the first slot. It is not realistic. Hence, decide beforehand. I knew I hadn’t prepared enough for consulting or core, hence I opted out of ITC and Opera.
5. If you are shortlisted in multiple companies, ask a reliable friend to accompany you to the interviews, and handle your mobile phone (“managing one’s portfolio”). You’ll thank me someday for this advice.
6. I was happy that I prepared as much as I did, neglecting my college academics in the process. It is a decision I am proud of.
7. My Morgan Stanley internship distinguished me from scores of other candidates. I had never truly appreciated its importance till then. That also goes to show how important it is to get a good internship.
Skill Tips: 1. I scored a 100 percentile in CAT and the preparation made a huge impact on preparing for any of the interviews.
2. I also interned at Morgan Stanley which was further a plus for me.
3. I had received Honda YES Award, University of Tokyo-IIT Scholarship and my academic background was quite good.
Skills: Problem solving skills, Finance Basics, Basic HR questions, Economic affairs
College Name: IIT KANPUR
Deepak Kumar Thakur
I applied via Walk-in
Interview Questionnaire
1 Question
- Q1. Finance related questions
Interview Preparation Tips
Experience: I think they were looking for Basic understanding of financial accounting, confidence.
My experience of working on valuation of Oil & Gas projects, financial modelling helped a lot
Tips: My confidence in answering questions related to finance and Read thoroughly two chapters 11 & 12 of “Financial Accounting” book by RNS
Skill Tips: They will give you required training
Skills: Finance
College Name: IIM Bangalore
Interview Questionnaire
4 Questions
- Q1. Asked about my projects – the technical aspects, scope, etc
- Q2. Databases and Mysql – queries, types of keys, joins, etc
- Q3. Fundamentals of Operating Systems – threads/processes, scheduling algorithms, memory/storage, etc
- Q4. Data Structures and Files, so – sorting/searching algorithms, their complexities, files, other data structures, etc
Interview Preparation Tips
Experience: The first round, quite naturally, was the aptitude round. We had to answer questions that were designed to test our quantitative and technical abilities. But this was only the first part. The second part involved finding computational solutions to simulated situations. These questions needed to be solved in a programming language we were asked to choose earlier, during the aforementioned first part. I chose to do it in Java as that is one language I am really thorough with. I understand that C/C++ are more important and versatile, but what matters here is your inherent understanding of the concepts involved
Round: Group Activity
Experience: We had to build model buildings, using LEGO blocks. Other than the fact that I love building things from other smaller things, the supplied material took me back to my childhood days. We were divided into four groups. Two in each room, and each group consisted of 8-10 candidates. We were given a time limit within which we had to design and construct a building. As a surprise, after half time, they asked the two groups in each room to merge their projects. This probably was to see if the candidates were pro-active team players, and could handle unexpected situations like professionals.
Round: Technical Interview
Experience: There was another technical interview after the group activity. I was interviewed by two of their officers, who again asked questions similar to those from the first technical round. It went quite well, since I was quite confident about the way I was solving the problems they gave me. Thinking out loud is key, as that lets them in your problem-solving abilities. That way, they let you know if you are headed in the right direction. My interviewers were quite pleasant, as they liked discussing possible scenarios to the problems they gave me.
Round: HR Interview
Experience: there was an HR round, where the woman interviewed me about my projects. She needed to know if I had the guts to finish whatever it is that I started. So she asked more on the lines on my role in the projects I had undertaken in the previous years. She also asked me about my working experience from before. That too went well. It was pretty much a standard HR interview – projects, hobbies, traits, etc.
Round: fitness roound
Experience: There was another round in the end, which was to test the candidate’s professional fitness – if they indeed are the right people for the job. I found it to be a blend of technical and HR interviews, more on the lines of HR though. All in all, it was a brilliant experience
General Tips: To my juniors, study hard, be sincere, be yourself, be smart (preferably in that order, but you are free to improvise!)
College Name: IIT MADRAS
Interview Questionnaire
15 Questions
- Q1. Why finance? Why not core? (they grilled me for 20 minutes)
- Q2. There is a closed room with 3 bulbs and there are three switches outside. You can toggle any two switches once without looking inside the room and map the bulbs to their corresponding switches. (Since I ha...
- Q3. What is the crappiest thing on your resume?
- Ans.
I listed a job that I was fired from after only a few weeks.
Listed a job where I was fired after a few weeks
Didn't provide a clear explanation for why I was let go
Didn't highlight any skills or accomplishments from that job
- Q4. Entertain us for two minutes without asking any questions. (I told them about some funny incidents on the campus)
- Q5. Which IITian do you admire the most and why?
- Ans.
I admire Dr. Raghunath Anant Mashelkar, an IIT Bombay alumnus, for his contributions to science and technology.
Dr. Mashelkar is a chemical engineer and has made significant contributions to the field of polymer science.
He has also served as the Director General of the Council of Scientific and Industrial Research (CSIR) and has been awarded numerous honors, including the Padma Shri and Padma Bhushan.
Dr. Mashelkar has a...
- Q6. They then crushed an A4 sheet and asked me to sell it to them?
- Q7. Tell me about the eurozone crisis?
- Ans.
The eurozone crisis refers to the economic and financial difficulties faced by some countries in the European Union.
The crisis began in 2009 with the Greek debt crisis and spread to other countries in the eurozone.
It was caused by a combination of factors including high levels of debt, low economic growth, and structural problems within the eurozone.
The crisis led to bailouts of several countries by the European Centra...
- Q8. What do you know about the Libor Scam?
- Ans.
The Libor Scam was a manipulation of the London Interbank Offered Rate (Libor) by banks to benefit their own trading positions.
Libor is a benchmark interest rate used globally for financial products
Banks were found to have manipulated the rate to benefit their own trading positions
The scandal resulted in billions of dollars in fines for banks involved
Several high-profile bankers were also convicted for their involvemen...
- Q9. What are derivatives?
- Ans.
Derivatives are financial instruments that derive their value from an underlying asset or security.
Derivatives can be used for hedging or speculation.
Examples of derivatives include futures, options, and swaps.
Derivatives can be traded on exchanges or over-the-counter.
Derivatives can be complex and involve significant risk.
Derivatives played a role in the 2008 financial crisis.
- Q10. Some simple questions on options
- Q11. Why Finance? Why not join a casino? (I had mentioned that I find it challenging and stimulating)
- Q12. Lots of questions on the fiscal cliff
- Q13. What in your opinion would be the repercussions if the fiscal cliff was not avoided, both in US and in the global economy. Will India be affected and why?
- Ans.
Failure to avoid fiscal cliff could lead to severe economic repercussions globally and in the US, with India also being affected.
The US economy could experience a recession, with a potential decrease in GDP and increase in unemployment rates
Global financial markets could experience volatility and uncertainty
India could be affected due to its close economic ties with the US, with potential impacts on trade and investmen...
- Q14. What is Prime Services?
- Ans.
Prime Services is a suite of financial services offered by investment banks to hedge funds and other institutional clients.
Prime brokerage
Securities lending
Cash management
Risk management
Trade execution
Reporting and analytics
Examples: Goldman Sachs Prime Services, J.P. Morgan Prime Services
- Q15. What is QE? Why is it used?
- Ans.
QE stands for Quantitative Easing. It is a monetary policy used by central banks to stimulate the economy.
QE involves the central bank buying government bonds or other securities from the market to increase the money supply.
The increased money supply is intended to lower interest rates, encourage borrowing and spending, and boost economic activity.
QE is typically used when interest rates are already low and traditional...
Interview Preparation Tips
Experience: They didn't had any aptitude test, only resume based short-listing.
Round: Group Discussion
Experience: There were 10-15 students. There was 3 mins thinking time and 10 minutes discussion time. After the discussion each student was asked to conclude the GD and express his/her viewpoint.
Tips: 1. Jot down your point during the three minutes.
2. During the GD make sure that you express your opinion coherently.
3. Also make short notes during the GD which will be helpful in concluding it.
4. While concluding the GD, ensure that you cover all the points discussed during the GD (notes will be helpful here) and in the end express your own stand.
Duration: 10-15 minutes
Round: HR Interview
Experience: It was a HR + Puzzle round. Panel was of Some junior management and the duration was of 30-40 minutes. By the end of this round, they were quite impressed and sent me for the second interview immediately.
Round: Technical Interview
Experience: This round was based on Current Affairs and Finance and lasted for 20 minutes. And, I asked them a few questions about CS and job cutting etc. After this interview they had mentioned that they were quite positive on me and that I had to just interview with one more senior manager. This really boosted my confidence.
Round: Other Interview
Experience: It was also based on finance and current affairs. Panel consisted of the Senior most employee who had come for recruitment. After this round I was informally offered the job.
General Tips: 1. Even when you are unable to answer questions, don’t get bogged down or disheartened remain calm. DB quite often takes stress interview. Just keep your cool and smile while answering questions.
2. If you do not know any answer, there is no harm is admitting that.
3. Be confident. Know your resume inside out.
4. Practice a few HR interviews before the actual one.
5. Also, communication skills in English are very important.
Skills: Probability and Statistics, Basic Finance, Puzzles, Newspaper and current affairs, Major events in the financial world over the past 5-6 years
College Name: IIT KANPUR
Skills evaluated in this interview
Interview Preparation Tips
Experience: My strong resume aided in getting shortlisted for Credit Suisse.
Round: Group Discussion
Experience: The GD went well as I did not haste into my chance and was calm throughout.
Round: Other Interview
Experience: The interview was with an alumni who told me that my GD performance was good, and asked me a puzzle. It was followed by some questions on my resume, mainly my internship.
Another puzzle followed, which I took some time to solve. I was able to solve the next one instantly,
Then I was asked to sell a crumbled piece of paper innovatively.
Round: Other Interview
Experience: This round was with a senior member in the company who asked about my resume, stay in campus, post of election officer and some tricky questions, which I answered well. A question on probability was asked. A few more puzzles followed, along with some questions on finance. He also mentioned that he did not expect me to answer these as I had no background in finance. But i was able to answer them.
I was then asked to leave and HR was called inside. I also had an interview with Diamond. The HR came to me and told me that they were interested in and asked me to stall my interview with diamond for a while.
Round: HR Interview
Experience: It was with VP and continued for 45 minutes with no puzzles, finances or cases. It was more of a discussion on all fields ranging from campus life to UP politics to Sachin's retirement, etc.
I was asked about my internship experience and the reason i wanted to join their company .
Round: HR Interview
Experience: It was with the Director, who said that he had a sore throat and hence would not say much. he said that they wanted to hire me and that I do not interview with any other firm. I was more than glad! I was the first person to bag an offer in the placement season.
College Name: IIT KANPUR
Interview Questionnaire
4 Questions
- Q1. How would you find whether a number is even or odd without using any conditions?
- Ans.
Using bitwise operator to check the last bit of the number.
Use bitwise AND operator with 1 to check the last bit of the number.
If the result is 0, the number is even. If the result is 1, the number is odd.
Example: 6 & 1 = 0 (even), 7 & 1 = 1 (odd)
- Q2. Implement a dynamic 2D excel sheet using DS (underwent various levels of improvisations)
- Ans.
Implement a dynamic 2D excel sheet using DS
Use a 2D array to store the data
Implement functions to add, delete, and modify data
Use data structures like linked lists or hash tables for efficient searching and sorting
Implement dynamic resizing to handle large amounts of data
Use GUI libraries like Tkinter or PyQt for user interface
- Q3. A build up that resulted in the concept of using joins in DBMS
- Ans.
Joining tables in DBMS evolved as a solution to handle complex data relationships.
Joins allow combining data from multiple tables based on a common column.
The concept of joins originated from the need to handle complex data relationships.
Joins can be inner, outer, left, right, or cross depending on the type of data required.
Joins can improve query performance by reducing the number of queries needed to retrieve data.
Jo...
- Q4. Discussed the concept of virtual memory and paging in OS
Interview Preparation Tips
Experience: There was negative marking for these questions (+4 & -1) and the number of questions in the second section were more (10 and 20 respectively, I think).The second part of the test was a Coding Round, online. We were given 3 problem statements to be solved in 45 minutes and the programming languages allowed were C, C++ and Java. However you are required to use the same language for Part 1 (Technical Skills) and Part 2 (Coding Round). So make sure you know any one language in its entirety. I hadn’t touched anything apart from C. The questions were essentially based on data structures.
Tips: Word of caution: Be wise in designing your strategy to solve questions, there always IS a sectional cut off and the competition is cutthroat.
Round: Technical Interview
Experience: -1 was pretty much basic, probably just for them to find out whether you know everything that you claim to know. I was asked questions on the basics of C, Data structure implementation, DBMS AND OS. Sounds daunting, but it really wasn't. My panellists were really cool about giving me all the time in the world to think about my answers, they'd even roll their chairs to the corner of the room and chit chat when I'd ask them to stop looking at me. Not a recommended course of action for you guys, because you might get really badass panellists who might want to take a stress interview and using this would probably get you a ticket to take you directly out of the building. But the point is that you don't need to panic when you're asked a question that you don't understand AT ALL. It is probably just a coating of shiny silver on a very basic problem. ALWAYS remember to restate the question as you understood it to make sure that you're on the right track. If you're right you get a bonus for being able to analyse well. If you're not, they will make you understand and you won't spend 15 minutes of your interview time solving a misinterpreted question.
Round: Group Activity
Experience: This is subject to change every year, but for ours we had the one with the Lego toys
Round: Technical Interview
Experience: This round was perhaps the most difficult of all, with gruelling technical questions that I couldn't make head or tail out of. But they were satisfied with a broad outlook to the number of solutions and the different ways to approach the problem. They asked me a little about how my day had been till then and for improvisations on the answers to the questions I was asked in the previous rounds. I was also asked a question about synchronization that I answered with my knowledge of embedded systems. They were really interested in how I applied unrelated knowledge to solve a problem that I would otherwise not be able to answer. This was the end of TECH-2 which made me believe that I had screwed up entirely and that I was out for sure.
Round: PRO FIT ROUND
Experience: I went in to my ProFit round with an "I-should-really-have the-best-time-with-this-thing-since-it-is-all-down-the-drain-anyway" attitude, but really, I think that is just what you're expected to do anyway. :) This ended up being the coolest round of all and I had the time of my life for those 30 minutes. My interviewer asked me ALL the general questions you expect in an HR, and I answered them all very, very truthfully and with really long explanations :P The guy was a veeeeery keen listener and caught on to each and every one of my indications. He let me talk about practically everything, from my very hippie-like outlook of life to the most silly bets I have placed, ever. And the best part was that he was always interested, poker-face like, but always waiting patiently for more exemplifications. Don't bother trying to make up achievements you haven't really made, because they don't care about how accomplished you are, more like how zestful you are, and it probably shows when you're talking about things that you love. Long story short, talk your heart out, they hardly speak in all of those 30 minutes. Let them know that you really ARE passionate about the things that you do.
Round: HR Interview
Experience: The next round that I was immediately ushered into was my HR. Now, I probably felt what I did because I had talked a LOT in my previous round, but I really thought this round was predominantly precursory. My interviewer was one of the big shots of the day, but he hardly asked me any questions that could qualify as HR. This person was the only one from all of my interviews who was even remotely rigid, but that too only marginally. He was ultra-friendly again by the end of the interview. This might vary case by case, but he only asked me things like my comfort with relocation and what I aimed to achieve in the next 5 years. At the end of the interview, he kid around a little and escorted me to the waiting room.
College Name: IIT MADRAS
Skills evaluated in this interview
Interview Preparation Tips
Tips: Prepare for questions on your resume, puzzles and a couple of HR questions.
Round: Puzzle Interview
Experience: A few resume based questions were asked too.
Round: HR Interview
Experience: They tried to judge how well the candidate would fit in with their company.
General Tips: Focus on the few companies that you want to get into, and prepare well for them.
Do not give way to peer influence. Do what you want to, even if it is not the most sought after.
College Name: IIT KANPUR
Associate Interview Questions & Answers
JPMorgan Chase & Co.
SHUBHAM VINAYAK KALE shubham
posted on 4 Dec 2016
I applied via Campus Placement and was interviewed in Dec 2016. There were 5 interview rounds.
Interview Questionnaire
8 Questions
- Q1. Project/DDP based questions
- Q2. Any coding done in curriculum, explain the most complex one
- Ans.
Yes, I have coded in curriculum. The most complex one was a project on building a web application using React and Node.js.
Built a full-stack web application using React and Node.js
Implemented user authentication and authorization using JSON Web Tokens (JWT)
Used MongoDB as the database and Mongoose as the ODM
Implemented real-time updates using Socket.IO
Deployed the application on Heroku
Handled errors and implemented log
- Q3. What is 'Big data'? Why is it called 'Big'
- Ans.
Big data refers to large and complex data sets that cannot be processed using traditional data processing methods.
Big data is characterized by its volume, velocity, and variety
It is used in various industries such as healthcare, finance, and retail
Examples of big data include social media data, sensor data, and transactional data
It is called 'big' because it involves processing massive amounts of data
Big data requires ...
- Q4. Why do you want to switch to IT sector from your respective branch
- Ans.
I am passionate about technology and eager to learn new skills in the IT sector.
I have always had a keen interest in technology and enjoy working with computers.
I believe the IT sector offers more opportunities for growth and advancement in my career.
I have seen the impact of technology on various industries and want to be a part of that innovation.
I have taken courses in programming and networking to prepare myself fo
- Q5. I did a course on compute simulation and had extra curricular in chess, so was asked to simulate a chess game
- Q6. Two friends A & B meet after long time, A asks B about his family. B says he has 3 children, product of their ages is 36, and sum of their ages is equal to the (point towards a house on street) house numbe...
- Q7. A rat has 3000 gm of rice, he has to travel a distance of 3000m, he eats 1gm rice/m, his maximum carrying capcity is 1000 gm,how should he travel the distance to reach with maximum rice left
- Q8. A new software has 3 functions SelectSum(), log() and exp(). You have a table of 1000 data points, how will you find product of all points using only the above mentioned functions
- Ans.
To find the product of all data points using SelectSum(), log(), and exp() functions.
Use the log() function to convert the product into a sum of logarithms
Apply the SelectSum() function to calculate the sum of logarithms
Finally, use the exp() function to convert the sum back into the product
Interview Preparation Tips
Experience: Aptitude part has easy questions, including number series, picture series, interest rate and some quant based questions.
The coding part is difficult.2-3 coding questions, Codes will be related to linked lists , trees or sorting.
Tips: Try to get maximum marks in aptitude, which should be fine with some practice . One of the code will be easy, so complete it and make a try for second
Duration: 1 hour
Total Questions: 30
Round: Puzzle Interview
Experience: very easy puzzles, I was able to solve all puzzles in first attempt
Tips: Be confident in your approach they are locking for approach more than result
Round: Technical Interview
Experience: I answered all resume based questions, he liked my choice of projects, though they were not exactly related to the profile. He liked me and said I would recommend you directly to HR round
Tips: Prepare in details about all points in resume, course work mentioned and projects, Based on performance in this interview, they decide to whether to take one more technical interview or send directly to HR
Skills: Behavioural Skills, Puzzle Solving Capability, Approaching A Problem, Basic Coding
College Name: IIT Madras
Skills evaluated in this interview
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