Bank of America Interview – Equity Research Analyst First Round Interview

by Mai Le | Jan 22, 2021

Report on Bank of America interview questions from a Cover Letter Library member’s experiences. This is based on the Bank of America  Global Research Equity Research Analyst first-round interview in London on 18-12-2020.  There may be some variations depending on the offices or other new updates to the recruitment practice – so please use this for reference/preparation purposes only.

Who’s the lucky company?
Bank of America
For which division?
Global Research
And for which office?
What’s the formal title of the position you applied for?
Equity Research Analyst
When was this Bank of America Interview?
How were you informed of this Bank of America Interview?
HR emailed
Were you able to choose the time slot yourself?
And this Bank of America Interview was therefore…
In the morning
Was this a … ?
phone interview
Which stage was this Bank of America Interview?
first round interview
How many interviews in total were in this Bank of America Interview?
There were three interviews, of which 1 was a case study, 2 were motivational. It was part of an Assessment Centre but turned out to be the first round for the Analyst position
How many interviewers were in each Bank of America Interview ?
There was only one interviewer in each interview, all of whom were Senior Analysts
How long did this Bank of America Interview process take in total then?
Each interview took 30 minutes and there was a 30 minute break in between
Were there any personal / CV-based questions? If yes, what were they?
Yes. Why did I choose a career in Equity Research rather than Asset Management? Explaining my choice of covering industries and geographies during my previous experience?
Were there any competencies questions? If yes, what were they?
Yes. Which type of analyst I am (technical or story teller)? How my past experiences contributed to transferable skills for the role? Other competencies questions were already posed during the Video Interview Round, which I believed they viewed closely prior to the AC. The questions then were:
1. Can you tell me more about yourself and why you are interested in this program and/or business?
2. Tell us about a time that you had to persuade people to accept your point of view or recommendation. In your response, please describe the situation, the actions you took to influence your stakeholders, how you handled any objections, and the outcome.
3. Describe a situation where you used research or data to solve a problem. In your response, tell me about the problem, how you used the research and data to come to a solution and how did you communicate this information
4. Tell me about a time when you had to present  detailed or complicated information to a customer, teammate, professor, or manager. In your response, please share how you prepared for the meeting, what made it detailed or complicated, and how you presented the info to ensure your message was effectively communicated
5. One piece of news that interest you and affect your work. What is one major current event happening in the world right now, and how might it impact the markets and the role you’ve applied for?
6. Which one of your key accomplishments best illustrates your personal initiative and willingness to push beyond what is required?
7. Tell me about a time where you have had to juggle multiple high-pressure tasks. What strategies did you employ to successfully complete all, and what did you learn from this?
Were there any technical questions in this Bank of America Interview? If yes, what were they?
There was no technical question whatsoever. I had expected at least a round of technical interview but there was nothing. Perhaps the firms acknowledge that I already had the requisite background from my academic and professional experience.
What was the most difficult / unusual question in this Bank of America Interview? How did you deal with it?
All questions were standard and I did not find anything tricky. Having said that, there was a case study which was expected to arrive 30 minutes prior to the actual interview. This never arrived but I was able to tackle the case study with my existing knowledge
Any other weird questions in this Bank of America Interview we haven’t covered?
We chatted about where I came from and how the COVID situation? Life as an Equity Research analyst and how fluent was my French as I spent 3 years in France for my Master degree
What was the most unexpected thing about this Bank of America Interview or whole process?
I applied for an Internship position and was invited to the AC for the Full-time position. This news came 2 days before the actual AC date
Did you get the offer?
How long roughly did it take for you to hear back about your offer?
2 weeks
Via what means did you hear back about the outcome of this Bank of America Interview?
Is there anything you wish you should have known or prepared for prior to applying to this company?
I think reading widely is very beneficial for an Equity Research interview. Not only macroeconomics news but business news would be useful. I mentioned a book that I read (No rules rules) and highlighted the importance of culture for companies’ success – something which the interview appear to agree and gave an example of his own experience.
Overall, out of 10, how would you evaluate your experience applying to this company?
Finally, before you go, is there anything else you think will help other candidates get the offer here like you did?
From my 5 years of experience applying:
1. Constantly searching for positions (firm websites, connection, and LinkedIn)
2. Once you found one, tailor your CV and Cover Letter.
3. At interview round, research the interviewers and the position well
5/5 (1 Review)

Written By Mai Le

Mai worked for Goldman Sachs in London for many years as an investment banking associate. When she was at LSE, her seniors used to pass her notes of their interviews as well as their cover letters, which helped her tremendously in her job search. This site is a way for her to pay it forward, obtaining qualified materials from her friends and contributors, and building a similar community to pass the resources on to you.

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