pretty straightforward process. hireview (the automated video thing), followed by superday. multiple rounds ~ 3. each round can have multiple interviewers who might be from different teams. get to meet people from different background and work experience
I interviewed at Bank of America (London, England)
Interview
Video recording, Hr screen, onsite technical (a series of several mini cases that take the place over a whole day, mcq with computations, markets knowledge, case studies, group exercises), final call optional
I applied through university. The process took 1 day. I interviewed at Bank of America in Oct 2010
Interview
Got the interview through networking. Interviewer was very friendly, but irreverent - a real trader. Have your math skills very polished, as well as intermediate knowledge of some specific products. The interviewer practically dismissed me after 20 minutes because I wasn't really up to par with what he was expecting. Great practice and great experience overall. Absolutely know these:
-bond pricing
-forward pricing - got 2 questions on these
-statistical distributions: normal, lognormal, geometrical, poisson, binomial --> what the differences are, which are used where
- know benchmark 10yr note, some exchange rates, s&p, that kind of stuff
Interview questions [2]
Question 1
If the GBP-JPY rate today is x and I want to make a forward contract for one month from now, will it be cheaper or more expensive?