need to knw the interview questions asked to mba finance fresher wit respective answr

hey friends...

next week i got an interview for mba finance fresher and i ve no idea abt the subject .........i ve done mba wit hr n finance...and i ve sumhow managed to clear my papers.......and i was interestd in hr only...but i got for finance......and could sumone plz help me wit the interview questions commonly asked for finance fresher wit answers(apt answer to be answered)......wanted to be lil more confident.......sumone plz help me.................thanku......godbless u all


sweety

First of all you are doing something different than what you really want to do - chosing finance instead of HR (becos of no other job option?)
Second - you are expecting readymade question and answers...... which is really weird. Please dont think that an interview is a question and answer session like the finance papers you passed.

If you try learning questions and answers - it will be difficult to get thru.

First prepare an objective statement why you wanted to chose finance area (interviewers will be interested in knowing that)

Highlight your strong areas and what you can do to benefit the company (so - learn abt the company and its activities)

When you complete the first and second you will know wat to prepare.

For freshers - the one thing that you can claim having experience in on your project work. So do u hve any project exp in finance related areas? Explain what you did and how it benefitted the company and expanded your knowledge.

FYI: I had once been a part of the interview panel for interviewing a fresher - for a marketing position. He did really well (compared to the others) and we wre on the verge of letting him know that he was being considered. But at the end our Manager just asked him why he chose marketing as he had a dual specialization in HR and Marketing.

He smiled and said "Actually.... actually... I like to be in the HR field. But I am not getting a job in this field. So I chose to attend interview for Marketing"

So he asked him back "What if actually... actually... you feel that Marketing is not good and you are getting no where close to what we are looking at. And if a relevant HR job pops up and you are requested to attend the interview.....?"

The candidate smiled... he was nt sure hw to get thru this. It was so obvious that he put up an act in front of us to prove that he is smart.

So we had to say "Actually.... lets nt waste more time, good bye"

Sweety, do you understand what I wanted to say???

Take care.

heheh yeaaaaaaaaaaaa.......

i dont ve any projects related to finance...i ve done for hr only..!!

ash.....i dont want any readymade answer....just wannna know sum commonly asked questions to a finance fresher.....hope u understood me?

Sweety,

There is no such commonly asked questions for a particular domain. Imagine if u r being interviewed for HR - dont you think that you will go thru every chapter you hve learnt and brush thru ur project and take note of points? You will know wat to include, what nt to include.

Dont you think you would clearly define why u want to chose that job - you will - becos u have a passion for it.

Even if your classmate attends the same finance interview, the questions they ask her would differ from what they ask you.

Since u r a fresher - only the project serves as something that you can potray as your experience (internship experience). When that is related to HR - how come they gauge you on finance?

Anyways, what are the subjects you chose in finance?
Make a note of the topics u covered in finance.Employers are nt interested in formulaes, they are eager to know why that particluar topic is impt, where would it benefit the company, what kind of analysis can be done with that and, are suggesstions for improvement possible?

Example - if Break Even analysis or Profitability ratio is being discussed abt - Rather than you saying that Break Even Point = Fixed Cost / Contribution per unit; where contribution per unit = Selling price per unit - Variable cost per unit
The interviewer wuld expect:

The break-even point for a product is the point where total revenue received equals the total costs associated with the sale of the product.
its usually calculated using a formulae... "and then quote the above formulae"

I hope u understand - the depth of knowledge + passion in teh subject is necessary to get thru a Fnance interview.

For Marketing and HR - creativity and innovative ideas are appreciated and you can even think on the spot during the interview (u just need common sense)...
BUT FINANCE IS DIFFERENT SWEETY.

Even I dont like finance - but I somehow managed to get thru the papers in my MBA. Trust me, even if I were promised a job in finance I would have nt chosen it.

If not, if u really want to get thru this interview - pls take ur finance boioks and make notes for each topic that u learnt.. the above Break even point answer must have given u a clue in how to prepare...

Good Luck!

chk questions below: and lets cross fingers that case study analysis is nt given . Anyways, I think u can do it even if they give!!!

The candidates interested in finance operations or finance sector jobs need to have numeric ability, interpreting skills, sound knowledge of share market, capital investment, growth ratios, etc. Candidates are also provided with case studies to measure their knowledge level of financial concepts. Given below are some of the most important questions asked by the interviewers:
Q: Describe yourself.
Q: Tell me about your educational background?
Q: What do you know about the organization?
Q: How do you justify the job?

Q: Why do you want this job?

Q: What do you want to work with this organization?

Q: Where do you see yourself five years down the line?

Q: What are your strengths?

Q: What is our company’s stock price? How would you forecast the future stock price for next year?
Q: How would you choose to buy a particular stock?
Q: Why might a company choose debt over equity financing?
Q: Where is the market going?
Q: What major factors drive mergers and acquisitions?
Q: What is goodwill? How does it affect net income?
Q: What is working capital?
Q: What are deferred taxes?
Q:Can you describe a recent situation in which you accomplished an important objective in a brief period of time?
Q: How do you take challenges?
Q: Are you willing to work in shifts?
Q: What is the thing you like the most in the world? Why?
Q: What is the thing you dislike the most in the world? Why?
Q: What does success mean to you?
Q: How do you define failure?
Q: What is contingency liability?
Q: How do you value a company?
Q: You've been asked to reduce the budget by 8%. What criteria will you use in identifying the budget reductions?
Q: Who is a more senior creditor, a stockholder or a bondholder?
Q: What is the difference between accounts and finance?
Q: Explain fixed cost, variable cost and marginal cost?
Q: What is Break Even Point? What does it signify?
Q: What is the purpose of chargeback?
Q: What is MIS report and do you prepare it?
Q: Why are you leaving the organization you work for?
Q: How much time do you need to join the organization?
Q: Are you aggressive?
Q: What makes you a good manager?
Q: What motivates you the most?
Q: What skills and abilities do you have?
Q: Is there anything you want to ask?
Q:If you were hired for this job, what areas would you make an immediate impact?
Q:In what areas do you think you will need guidance?
Q:How will you approach learning this "new" job?
Q:How will you approach acquiring new skill sets?
Qescribe the most difficult situation you have faced in your career and how you managed it.
Qescribe some problems you encountered in your most recent position and ow you resolved them.
Q:What specific steps do you utilize in solving workplace problems?
Q: What experience have you had in fixed assets accounting?
Q: How can you create Budgets for daily pods?
Q: How to use special and pair value sets?
Q: What is consolidation ?
Q: Why depreciation is not charged on land?
Q: Can u explain me the flow in General ledger?
Q: What is meant by group chart of accounts in sap fico ?
Q: How important does Accounts receivable for small business and why?
Q: What are the goals of Accounts receivable?
Q: What are the powerful softwares that could be used for doing efficient Accounts receivable?
Q: What are the strategies to be followed for preparing Accounts receivable?
Q: How debtors play its role in Accounts receivable?
Q: Who is responsible for maintaining the Accounts receivable in an organization?
Q: How important is Accounts receivable to business?
Q: What do you mean by Accounts payable cycle?
Q: What is Trial Balance?
Q: What is difference between account payable and bills payable?
Q: How to account freight cost, handling charges,purchase tax at the time of raising a Purchase Order?
Q: What is Reconciliation Statement ?
Q: How do you answer this question "what is company code".
Q: Is it necessary to create Sundry creditors?
Q: What is the meaning of TDS? How it is charged?
Q: What is interest on Capital?
Q: What is Pool rate?
Q: What the procedures or process involved in the preparation for the audit?
Q: What is Web Audit?
Q: What are the different types of internal audit?
Q: What is the difference between an internal audit and the annual external audit?
Q: What is Internal Audit?
Q: What is meant by Single Audit process?
Q: Where is Audit Data Stored?
Q: What is meant by computer auditing?
Q: What are the reasons for getting audited?
Q: What do 'income assessed' and 'non-income assessed' mean?
Q: What is authorized share capital?
Q: What is paid up share capital?
Q: How much depreciation to be calculated for fixed assets older than 5 years?
Q: What is accumulated depreciation?
Q: What are the journal entries which get passed from asset purchasing to asset retirement?
Q: What is fictitious assets?
Q: What is the difference between the different depreciation methods?
Q: What are the activities present in payroll task?
Q: What is Payroll Disbursements Journal?
Q: What are the steps in Payroll Management?
Q: What is the software efficient for carrying out payroll tasks?
Q: What is the difference between paycheck and Payslip?
Q: How advantage is payroll for small business?
Q: What is Payroll Journal?

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Specific Finance interview questions can start like this:
What are financial instruments whose price and value derive from the value of assets underlying them called?
DERIVATIVES

What is an investment that is taken out specifically to reduce or cancel out the risk in another investment?
HEDGE

What in financial means merger ofeither one or more companies with another company or merger
of two or more companies to form one company called?- AMALGAMATION

What refers to various schemes of offering an equity stake by a Company to its employees?

ESOPs

What is Risk? -A potential negative impact to an asset or some characteristic of value that may arise from some present process or future event.
What's the term that applies to the most reliable industrial shares of reputed companies which have a stable growth and least risk involved in investment in such companies by the public?-BLUE CHIP

What is Service Ta?x- It is a tax on services rendered- e.g on telephone, electricity , insurance etc. all attracts service tax.

What is Banking Cash Transaction Tax-( BCTT) ?-Applicable on withdrawl ofcash from bank exceeding a particular amount.

What is Fringe Benifit Tax( FBT)?-The perquisites or benifits provided by the epmloyer to his emplyees in addition to the salary or wage are taxable.This is known as FBT .Employers now pay this tax.

What is Securities Transaction Tax- (STT)?- It is a sort of turnover tax where the investor has to pay a small tax on the total consideration paid /received in a share transaction.

Why Investment Banking / Private Equity/ Private Client Services?
How do you value a company (particular to investment banking / private equity etc)?

What qualities do you think are important for this industry? Do you possess those qualities?

Why would two companies merge? What major factors drive mergers and acquisitions?

Tell me three items on the front page of today's Econimic Times / Financial Express etc?

Why might a company choose debt over equity financing?

Where is our firm's stock trading?
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GOOD LUCK!

u know wht..........i ve no idea wht each one meansssssss....sheeeeeeeeeeeeeesh................. .......... ...........and we didnt ve any boooks for finance............its just written notes we get....and if u can help me....could u plz tell me the sites atleast???so thati can brush up ......

and this is just a temporary job....one female is goin for 5 mths leave ..for that post only they r looking for.......and they want only freshers.....i did mba wit hr n finance.......!!.....so thats the thing.......

and hey ash.....i will surely stdy all those questions u gave me ............i will ve to mug it up........mmm...........