Prepare for the Merrill Lynch Bank of America Assessment Centre
Have you been invited to a Bank of America assessment centre? Congratulations on making it this far! The assessment centre can include a group exercise, case study, presentation, interview and further aptitude testing. Find out how to prepare for all of these with JobTestPrep.
The assessment centre is the final stage of the recruitment process before you receive a job offer. Therefore, being fully prepared for each exercise and ready to impress is imperative. Preparation means reviewing the core values as well as having a copy of your CV handy to remind yourself of accomplishments to mention. It also means getting a good night’s sleep the night before and dressing the part at the assessment centre. Full mental and physical preparation can boost your confidence during the day.
The Bank of America Assessment Day includes:
Group ExerciseIn this exercise you are seated around a table will be with the other candidates at your assessment centre seated round a table. Each of you is will be given a brief similar to that given at in the case study, presentation exercise. It will involve a fictitious company that has some issues that need your attention. Together with the other candidates, you need to come up with a business plan to solve the issues. Learn to tackle this first stage of the day with our group exercise practice materials.
Case Study & PresentationIn this presentation exercise you are first given a business brief relating to your chosen field with quite a lot of information. You have 30 minutes to read through it and make notes. You must also use that time to prepare a 10 minute presentation where you should show your conclusion and address the issues that will come up. After 30 minutes you must present your findings to two assessors. This will be followed by a further 10 minutes of questions from the assessors. Find out more on presentation exercises here. Learn how to manage your time and master the case study as well as sharpen your presentation skills.
Verification of Numerical and Logical Reasoning TestIn order to verify the score of your online aptitude test, you are asked to take a second, similar test. Again, technology roles will take a logical test while all other roles will take a numerical test. Both tests contain 20-30 questions and are paper based, meaning you need to give written answers. The test questions are projected onto a large screen in the testing room so everyone will be working from the same questions. Although you have already completed this test, before the assessment day it is recommended to review and practice the tests again to make sure you are up to speed.
BofA Merrill Lynch InterviewsThe last part of the day is taken up with two different interviews. The first interview is competency based and quite similar to your previous telephone interview. The second interview is of a more technical nature where you must explain your qualifications and relevant work experience. This doesn't have to relate directly to the company but can be of a more general nature. There may be questions about work situations where the assessors want to find out how you would address issues in the work environment. You can also expect questions on topical points of interest regarding the company in which you are being assessed on your analytical skills.
Bank of America Interview Questions
- What do you think you will struggle with the most in this position?
- Tell us about an idea you managed to sell to your colleagues.
- What distinguishes BofA Merrill Lynch from our competitors?
- What are the biggest issues facing BofA Merrill Lynch today?
- Explain three features of object oriented programming (OOP).
- Can you give me an example of a time you showed resilience or motivation in the last 6–12 months?
In SummaryA position with Bank of America Merrill Lynch is a great way to begin a career in finance. This article has gone through the various steps and stages you can expect in the recruitment process. By using our practice materials, you can gain the confidence you need to be successful and make a great impression with Bank of America Merrill Lynch. Good luck!
Have any experience with the Bank of America Assessment Centre? Tell us about it in the comments section below!
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