Avanse Financial Services Product Manager Interview Questions and Answers

I have 5 years of experience as a Product Manager in the tech industry.

• Managed the development and launch of multiple successful products

• Collaborated with cross-functional teams including engineering, design, and marketing

• Conducted market research and analyzed user feedback to inform product decisions

• Implemented agile methodologies to improve product development processes

Identifying pain points for users of frequently used products.

• Conduct user research to understand their needs and challenges

• Analyze customer feedback and reviews to identify common complaints

• Observe user behavior and interactions with the product to identify areas of frustration

• Identify usability issues and areas where the product falls short in meeting user expectations

• Consider competitive analysis to understand how o

The drop in average revenue per user for Swiggy could be due to various reasons.

• Increased competition from other food delivery apps

• Decrease in the number of orders per user

• Discounts and offers provided by Swiggy to attract new users

• Change in user behavior due to COVID-19 pandemic

• Increase in delivery charges or service fees

My favourite product is LinkedIn. I would improve it by enhancing the job search feature and adding more personalized content.

• Enhance job search feature with more filters and better matching algorithms

• Add more personalized content based on user's interests and activity

• Improve messaging system for better communication between professionals

• Introduce more networking opportunities through events and groups

• Provide more reso...read more

Designing Jarvis would require understanding user needs, defining features, and implementing AI technologies.

• Conduct user research to understand needs and pain points

• Define key features such as voice recognition, natural language processing, and machine learning

• Implement AI technologies such as neural networks and deep learning algorithms

• Ensure data privacy and security measures are in place

• Continuously test and iterat

Yes, I would continue working for Groww.

• I believe in the mission and vision of Groww and want to contribute to its growth.

• Having a successful startup idea with 100k users onboarded is a great achievement, but it doesn't guarantee long-term success.

• I would explore the possibility of integrating my startup idea with Groww's existing platform to create a win-win situation.

• Leaving Groww at this stage would not be a wise de...read more

Tips for improving investment, finance and tech knowledge for a Product Manager role.

• Read financial news and reports regularly to stay updated on market trends and investment opportunities.

• Take online courses or attend workshops on financial analysis, data analysis, and product management.

• Learn about emerging technologies and their potential impact on the industry.

• Network with professionals in the finance and tech indu...read more

I own the product metrics related to user engagement and retention.

• I track user retention rate and churn rate to understand user behavior.

• I analyze user engagement metrics such as daily active users, time spent on the app, and feature usage.

• I use A/B testing to measure the impact of new features on user engagement and retention.

• I collaborate with the data analytics team to ensure data accuracy and consistency.

Product expectations clear but engineering team struggling to architect solution. How did you unblock them?

• Identified the specific challenges the engineering team was facing

• Collaborated with the team to brainstorm potential solutions

• Brought in outside expertise or resources if necessary

• Prioritized and broke down the problem into manageable tasks

• Provided clear communication and support throughout the process

As a Product Lead, I own metrics such as user engagement, retention, and revenue growth. These metrics generate RoI by improving the overall user experience and driving business growth.

• I own metrics such as user engagement, retention, and revenue growth.

• By improving user engagement, we can increase the time users spend on our platform and reduce churn.

• By improving retention, we can increase the lifetime value of our cu...read more

Metrics for a photo-sharing app MVP and communicating success to upper management

• Metrics: user acquisition, retention, engagement, user-generated content, referral rate, conversion rate, churn rate, revenue

• Dashboard hierarchy: team-specific metrics, overall app metrics, comparison with industry benchmarks

• Communicating success: tie metrics to business goals, highlight improvements and areas for growth, use data visualiz...read more

Entering the market with a new massy product

• Research the existing product and its market

• Identify the gaps and pain points of the existing product

• Develop a unique value proposition for the new product

• Prioritize features based on customer needs and available resources

• Create a wireframe to visualize the product

• Test the wireframe with potential customers for feedback

As a Product Lead, how would you handle a situation where a colleague from another team reports being bullied by an employee?

• Listen to the colleague and take their complaint seriously

• Assure the colleague that they are safe and that the company has a zero-tolerance policy for bullying

• Investigate the situation and gather evidence

• Take appropriate action, which may include disciplinary action or termination of the employee

• ...read more