Bank of America interview process

1. Step 1

   Video screen

   On-demand video interview, 30 seconds to prepare, up to three minutes to respond per question.

   • Mainly behavioral, open-ended questions rather than technical drilling.
   • Notes are permitted; official guidance says to treat it like an in-person interview, not a script reading.
   • “Talk about a relevant news item you've seen and its impact on the markets.”
   • “Why are you interested in Bank of America and this role?”

2. Step 2

   Final round

   Final interviews vary by business, typically with representatives of the area you applied to.

   • Some businesses add a group component or presentation exercise.
   • Expect both technical and behavioral questions from a mixed-seniority panel.
   • “Walk me through a DCF and its main drivers.”
   • “If depreciation increases by 10, walk me through the impact on the three statements.”
   • “What's the current SOFR rate?”

Share of the 10 Bank of America questions in our bank by topic. Each topic links to a worked example.

1. Behavioral questions40%
2. DCF questions20%
3. Mental math and markets20%
4. Three-statement questions10%
5. Accretion and dilution10%

• A direct answer to the actual question, supported by one real example.
• Natural, unscripted delivery inside a fixed video response window.
• DCF, three-statement links, LBO returns, accretion or dilution, and WACC.
• A current market reference point, such as a policy rate, used correctly in context.
• A specific reason for your target business area, not banking in general.

Real questions from the set. Open one to answer it with grading.

• Tell me about a recent deal you found interestingBehavioral questions|Advanced
• Calculate WACC given a company's capital structureDCF questions|Basic
• Tell me about a recent current event affecting the marketsMental math and markets|Advanced
• Depreciation increases by $15 at a 25% tax rate: walk through the three statementsThree-statement questions|Basic
• Is an all-stock acquisition accretive or dilutive?Accretion and dilution|Advanced
• How does investment banking differ from corporate banking?Behavioral questions|Basic
• Walk me through a DCFDCF questions|Basic
• What metrics would you check before approving a new loan?Mental math and markets|Advanced

• Use one specific experience to explain why the exact role fits your interests, and describe your own work rather than the team's whole result.
• Record a practice answer from a short outline, then check it still makes sense without your notes.
• Ask an informational question that helps you understand a real task or decision inside the business you applied to.
• Verify the date and definition of any market reference rate before you use it, and explain why it matters to your example.