Bank of America Assessments & Interview Preparation


Assessment Centre

Being fully prepared for each exercise and ready to impress in the assessment centre 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.

Below are the different assessments you can expect.

Group Exercise

In this exercise, you are seated around a table with the other candidates. Each of you is will be given a brief similar to that given 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.

Case Study & Presentation

In 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 this 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. Learn how to manage your time and master the case study.

Verification of Numerical and Logical Reasoning Test

In 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 practise the tests again to make sure you are up to speed.

BofA Merrill Lynch Interviews

The 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?

As the application is the last stage of the assessment centre and recruitment process, your success is vital. Get the practice you need with the PrepPack™'s interview practice package.

In Summary

A position with Bank of America Merrill Lynch is a great way to begin a career in finance. This page has gone through the various steps and stages you can expect in the recruitment process. By using the 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.

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