Bank of America Financial Advisor Trainee Interview Questions

11 Interview Reviews

Interview Experience

Interview Experience

77%
22%
0%

Getting an Interview

Getting an Interview

33%
27%
19%

Interview Difficulty

3.1
Average

Interview Difficulty

Hard

Average

Easy

11 Candidate Interview Reviews Back to all interviews

Sort: Popular Date Difficulty

 

Financial Advisor Trainee Interview

Anonymous Interview Candidate
Anonymous Interview Candidate
Interview Details

The interview process is lengthy, 3-5 weeks. You have to develop a business plan, and prove that you have or can establish a solid network and book of business. The assessment tests are just the beginning, although not too difficult. Mostly, business math and basic economic questions along (30) questions, along with a personality test.

Interview Questions
  • Can you elaborate on your network of business relationships you will bring to the position, and how you will develop a book of business.   Answer Question
Accepted Offer

Other Interview Reviews for Bank of America

  1.  

    Financial Advisor Trainee Interview

    Anonymous Interview Candidate in Las Vegas, NV
    Anonymous Interview Candidate in Las Vegas, NV
    Application Details

    I applied online – interviewed at Bank of America in November 2012.

    Interview Details

    Long drawn out process. Had several phone screens-interviews. Did their FIAT test. After that, there was a business/marketing plan that I put together. This alone took about 6 hours. In the meantime they did their background check. Passed all of that. Did one interview with a recruiter/trainer in a branch.

    Interview Questions
    • Was asked about my business plan and specifically regarding my niche group. The recruiter commented on one of my niche groups which was more than 300 individuals. Another 300 for another niche group and so on which was not enough.   Answer Question
    Reasons for Declining

    Unreasonable expectations. My marketing plan was great and would have worked 100% for me and the company.

    Declined Offer
    Average Interview
  2.  

    Financial Advisor Trainee Interview

    Anonymous Interview Candidate in Worcester, MA
    Anonymous Interview Candidate in Worcester, MA
    Application Details

    I applied through other source. The process took a dayinterviewed at Bank of America in April 2012.

    Interview Details

    It was pretty enjoyable. The interview was one and half hours long. He only asked me one question that was "tell me your strength".
    And he spent the most of time talking about what exactly the job will deal with. And my major is Accounting/Finance and to be honest, so far, I dont have any experience in finance field so I asked him couple of questions about how FA build their networkings and the opportunities in this field.
    So far, i am still waiting for the response but i probably failed... Cause as I know here're 8 people aiming for this internship position.
    But anyway, the interview was enjoyable and the interviewer was very nice and patient.

    Interview Questions
    No Offer
    Positive Experience
    Easy Interview
  3.  

    Financial Advisor Trainee Interview

    Anonymous Interview Candidate in New York, NY
    Anonymous Interview Candidate in New York, NY
    Application Details

    I applied through an employee referral. The process took 4+ weeksinterviewed at Bank of America in December 2011.

    Interview Details

    The hiring process was rather slow and cumbersome mind you I did interview in December. I passed the FIAT and had to present a business plan. The interview went well and I was told I was to proceed to the penultimate stage in the hiring process which was an interview with the complex branch manager.

    After Xmas I called the manager's secretary to arrange a date for the interview but she kept telling me that people in the office had not yet come back from holiday. This continued to happen until the second week of January! I called the individuals who interviewed me and they were surprised at the secretary's explanation. The next call I received was from HR telling me the complex director had a "change of heart" in the kind of trainees' background he was hiring. "Huh"?!

    Left a sour taste after the process not so much of the decline in offer but the fact that the secretary LIED to me about what was going on. Otherwise the interview process was very good. I guess I had bad-luck with the whole process. Shame...

    Interview Questions
    No Offer
    Positive Experience
    Average Interview
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Interview Review
  5. 1 person found this helpful  

    Financial Advisor Trainee Interview

    Anonymous Interview Candidate in Bala Cynwyd, PA
    Anonymous Interview Candidate in Bala Cynwyd, PA
    Application Details

    I applied online. The process took 4+ weeksinterviewed at Bank of America in October 2011.

    Interview Details

    Applied online then talked to recruiter who matches your preferences with openings at a branch office. Next step is to take a on-line test involving math and fundamental economics/financial questions, then a personality test. Last steps involve multiple in-person interviews and panel interview.

    Interview Questions
    Negotiation Details
    Depends on previous experience
    Accepted Offer
    Positive Experience
    Average Interview
  6. 1 person found this helpful  

    Financial Advisor Trainee Interview

    Anonymous Interview Candidate in Seattle, WA
    Anonymous Interview Candidate in Seattle, WA
    Application Details

    I applied through a recruiter. The process took 2 weeksinterviewed at Bank of America in August 2011.

    Interview Details

    Started with the group information session. They play a video that gives a background about ML and the FA position. Same stuff you can read online (and should have already if you are serious about the position). If you are still interested, the next step is the FIAT test that guages your financial intelligence and gives ML an idea if you're likely to pass the Series 7 & 63 exams. If you perform well on those, you'll likely be offered a one-on-one with the person in charge (mine was the Regional Director). From there, you'll interview with a few other people to see if you'll fit in with the culture. A few days after that, I was offer the position.

    Interview Questions
    • How you plan to reach their lofty targets for $ acquistion?   Answer Question
    Reasons for Declining

    Was not the right fit for me...

    Declined Offer
    Positive Experience
    Average Interview
  7.  

    Financial Advisor Trainee Interview

    Anonymous Interview Candidate in Guadalajara, Jalisco (Mexico)
    Anonymous Interview Candidate in Guadalajara, Jalisco (Mexico)
    Application Details

    I applied through an employee referral. The process took a dayinterviewed at Bank of America in May 2012.

    Interview Details

    Got related by a friend of mine. starts with a GMAT style test then on to a series of interviews, mainly testing accounting and valuation skills. Very important to have perfect understanding of accounting and valuation types. Also helps to read about the industry as you will be asked on this

    Interview Questions
    • How does a change in EBDITA affect the general balance   Answer Question
    No Offer
    Positive Experience
    Difficult Interview
  8.  

    Financial Advisor Trainee Interview

    Anonymous Interview Candidate
    Anonymous Interview Candidate
    Application Details

    I applied through an employee referral. The process took 4+ weeksinterviewed at Bank of America in December 2011.

    Interview Details

    Had 4 interviews, took the FIAT test 100% passed. The final interview was the one that made me re-think about this position, perhaps it was the complex director that made me think I did not want to work under him.

    Interview Questions
    Declined Offer
    Neutral Experience
    Average Interview
  9.  

    Financial Advisor Trainee Interview

    Anonymous Interview Candidate
    Anonymous Interview Candidate
    Application Details

    I applied online. The process took 4+ monthsinterviewed at Bank of America in November 2011.

    Interview Details

    Applied online, received call several months later. Phone interview and then in person interview.

    Interview Questions
    Accepted Offer
    Positive Experience
    Average Interview
  10.  

    Financial Advisor Trainee Interview

    Anonymous Interview Candidate
    Anonymous Interview Candidate
    Application Details

    I applied in-person. The process took 2+ monthsinterviewed at Bank of America in October 2011.

    Interview Details

    Walked in, received a phone call with invitation to interview, took tests, had to follow up several times, had a group interview with a feeling that would not get an offer - not enought matching experience (wasn't it clear at the first interview?!)

    Interview Questions
    No Offer
    Neutral Experience
    Difficult Interview

Work at Bank of America? Share Your Experiences

Bank of America

 
Click to Rate
or

The difficulty rating is the average interview difficulty rating across all interview candidates.

The interview experience is the percentage of all interview candidates that said their interview experience was positive, neutral, or negative.

Your response will be removed from the review – this cannot be undone.