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Bank of America interview questions

112 questions researched across 6 Bank of America seats in Global Corporate & Investment Banking, Global Markets, Merrill Wealth Management. Below are 12 of them.

Seats we researched

  • Summer AnalystGlobal Corporate & Investment Banking · intern · 20 min
  • AnalystGlobal Corporate & Investment Banking · graduate · 30 min
  • Markets Summer AnalystGlobal Markets · intern · 20 min
  • Wealth Management InternMerrill Wealth Management · intern · 20 min
  • Operations InternGlobal Operations · intern · 20 min
  • Technology InternTechnology · intern · 20 min

12 Bank of America interview questions

  1. Pitch one stock you would buy and one you would sell or short, with catalysts and risks.

  2. Walk me through a DCF, and then take me through the main drivers of the value you get out of it.

  3. When you calculate the cost of debt for WACC, what tax rate do you use, statutory or effective, and why?

  4. Depreciation goes up by ten dollars. Assume a forty percent tax rate. Walk me through the three statements.

  5. A company has 500 basic shares outstanding and 100 in-the-money options with a ten-dollar strike. The stock trades at fifty dollars. What's the fully diluted share count?

  6. An acquirer trades at 20 times earnings and has a 5 percent cost of debt. It buys a target at 10 times earnings, paying half in stock and half in debt. Ignore taxes. Accretive or dilutive?

  7. Where's SOFR right now, and why would a banker on a financing deal care?

  8. Tell me about a time you had to adapt to changing deadlines that left two things due at almost the same time.

  9. Tell me something about you that's not on your resume.

  10. Walk through the accretion/dilution impact of an acquisition at a high level.

  11. Walk through the accretion/dilution impact of an acquisition and explain what actually drives value creation.

  12. Walk through a paper LBO and estimate MOIC and IRR from entry, leverage, EBITDA growth, and exit assumptions.

What a strong answer does

The questions above fall into 3 kinds. What a strong answer does differs by kind, not by question.

Technical8 of 12 above
State the intuition first; walk through the mechanics; make assumptions explicit; test a risk or edge case; connect the answer to the role.
Market2 of 12 above
State a view; support it with evidence and a catalyst; explain valuation or transmission; give the strongest countercase; name the risk that would change your mind.
Behavioral2 of 12 above
Lead with the claim and context; isolate your personal action and decision; explain the trade-off; quantify the result; finish with what you learned and changed.

100 more Bank of America questions

The rest of the bank — 112 in total — is asked by the interviewer during practice, so you meet them the way you would on the day rather than reading them first.

Practise Bank of America questions

How these questions were researched

Every question carries a provenance grade. Some were reported by candidates who sat the round, some come from the firm’s own published guidance or a source that trains for it, and the rest are written to match how this firm asks. Each seat is studied on its own — the round it actually runs, the order it runs it in, and what it is listening for. A Bank of America round is not a generic behavioural screen, and practising one as the other is how people walk in unprepared.

Falas is not affiliated with or endorsed by any employer named. Simulations are independent practice based on publicly described recruiting formats.