Investment Banking & Asset Management interview questions | Glassdoor

# Investment Banking & Asset Management interview questions

J.P. Morgan Interviews

www.jpmorgan.com /  HQ: New York, NY

3,765 Interviews

2.8 Average

Goldman Sachs Interviews

www.goldmansachs.com /  HQ: New York, NY

2,506 Interviews

3.1 Average

Morgan Stanley Interviews

www.morganstanley.com /  HQ: New York, NY

1,652 Interviews

2.9 Average

## Interview Questions

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Nov 21, 2010

### IT Associate at Morgan Stanley was asked...

Jan 15, 2012
 25 horses in a race. 5 horses can run as a group. what's the minimum # of runs required to find the fastest horse.2 AnswersI think 5. Split the horses into 5 groups of 5 then compare the time of the winners of each group. If time comparison is not allowed, then I'd say 6 races i.e. get all the winners to run one last race.Here is a different version of the problem but the answer is here - http://www.programmerinterview.com/index.php/puzzles/25-horses-3-fastest-5-races-puzzle/

### Quantitative Analyst at Morgan Stanley was asked...

Jan 21, 2014
 What's the best unbiased estimator for a series random variables?3 AnswersI guess it is just a Gaussian distribution (Normal dist.). Since it has the smallest uncertainty (from quantum point of view) or variance.I guess it is just a Gaussian distribution (Normal dist.), since it has the smallest uncertainty (from quantum point of view) or variance.It is the OLS estimator (with Gauss-Markov approximations and normality), by Fisher's theorem on Maximum Likelihood Estimators.

### Bank Teller at J.P. Morgan was asked...

Mar 4, 2011
 1. Let's role play, sell me a bank product..... 2. If im a customer and I declined what you are trying to sell me... 2 Answers1. Hello, welcome to chase, how can I be of assistance to you today? I see that you're not enrolled in our chase dollar for dollar, would you like more info on that today? 2. Customer: no, I don't have time. Teller: Well, can I write down your info and have a personal banker call you later? I think this is where I messed up, saying this, lead the branch manager to thinking I was over qualified. She mentioned tellers usually don't want to sale people anything, they just want to do a transaction.I think you did a great job. Another way to handle it would be (re 2) "I understand. I'd like for our personal banker to provide you with more information. When would be a good time for them to call you"? Then obtain phone number

### Fund Accountant at Brown Brothers Harriman was asked...

Nov 19, 2012
 How far apart is the hour and minute hand a 3:15?5 Answers7.5 degrees360 degrees on the clock. Each number is 360/12 = 30 degrees apart from one another. at 3:15, the minute hand is at 3 while the hour hand is 15/60 = 1/4 away from 3. So (1/4) * 30 = 30/4 = 7 + 2/4 = 7.5 degreesThe previous two answers are incorrect. If it is 3:15, the hour hand and minute hand are in the same orientation. Therefore they would be 0 degrees apart.Show More ResponsesNo matter what time of the day, the minute and hour hand are always touching in the center of the clock face.Is that 3:15 a.m or p.m.?

### Operational Risk Management & Analysis Internship/Credit Risk Management & Advisory Internship at Goldman Sachs was asked...

Jun 24, 2012
 How do you determine the risk profile of a company?1 Answerfinancial statements, cash flows, financial ratios, historic events and company developments

Feb 16, 2011
 Write an efficient stored procedure to allocate unique integer ids.1 AnswerCREATEPROCEDURE [dbo].[AllocateUniqueIntIds] AS BEGIN SelectABS(CAST(CAST(NEWID()ASVARBINARY(5))ASBigint))as UniqueIntegerId END Go /* Test the store proc */ Exec [dbo].[AllocateUniqueIntIds] //Not sure if this is the correct answer

### Finance Analyst at Morgan Stanley was asked...

Apr 3, 2011
 3. Stock A has a volatility of 20%, B has a volatility of 30%, and their correlation coefficient is 50%. They have the same expect returns. Suppose we can buy x share of A, and 1-x share of B. Then what the x should be for us to invest to make our portfolio has the minimum volatility? 1 AnswerThe vols add in quadrature, with the caveat that the interference term has the correlation factor in there. So: sig(port)^2 = x^2*sig(A)^2+(1-x)^2*sig(B)^2+2*x*(1-x)*sig(A)*sig(B)*rho(AB) Take the partial with respect to x and set that equal to zero. Solve for x and get: x = 6/7

### Teller at J.P. Morgan was asked...

Jan 7, 2011
 What are the steps you take to handle customer's transactions?1 AnswerFirst: Greet, welcome to (the bank's name),How may I help you? Second: Do some friendly chit chat along you do the transaction. Third: After finishing up the transaction, should look at their profile and see what kind of products/services they might need, and ask them if they have time to do that today with the personal banker, if not try to jot down their contact number and schedule an appointment with the personal banker. If not, then Finally: Tell them to have a great day and thank you for banking with us.

### Loan Officer at Partners Mortgage was asked...

May 8, 2012
 How will you achieve your goals.1 AnswerConnect wtih Realtors, stay in contact with past clients, montly mailings
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