M2P Fintech Product Manager Interview Questions and Answers for Experienced

Q1. Improve revenue for Swiggy by 25%
Ans. 
To improve revenue for Swiggy by 25%, focus on increasing customer retention, expanding to new markets, optimizing pricing strategies, and enhancing the user experience.
• Increase customer retention through loyalty programs and personalized offers

• Expand to new markets or introduce new services to attract more customers

• Optimize pricing strategies by offering value bundles or discounts

• Enhance user experience through improv
Answered by AI
Add your answer

Q1. Create an insurance product for Phonepe
Ans. 
Phonepe Insurance: Protect your phone against theft, damage, and malfunctions with our comprehensive insurance plan.
• Coverage for theft, accidental damage, and mechanical/electrical breakdowns

• Option for extended warranty coverage

• 24/7 customer support for claims processing

• Affordable premiums based on phone model and value
Answered by AI
Add your answer

Estimate the number of cars sold in India in 1 year

Q1. Past Experience
Add your answer
Q2. Case Study around RCA
Add your answer

Q1. Role Expectation Setting
Add your answer
Q2. Case Study around Phonepe problem
Add your answer

Q1. Business Round - Which stakeholders do you work with?
Ans. 
I work with stakeholders such as customers, executives, developers, designers, and marketing teams to ensure product success.
• Customers

• Executives

• Developers

• Designers

• Marketing teams
Answered by AI
Add your answer

Q1. Explain your last product? Explain the tech components of the same
Ans. 
My last product was a mobile app for task management and collaboration.
• The app had features like task creation, assignment, deadline setting, and progress tracking.

• Tech components included a backend server using Node.js, a database using MongoDB, and a front-end interface built with React Native.

• We also integrated push notifications using Firebase Cloud Messaging for real-time updates.
Answered by AI
Add your answer
Q2. Explain how do you collaborate with engineers?
Ans. 
I collaborate with engineers by communicating effectively, understanding their technical constraints, and involving them in decision-making processes.
• Regularly communicate project goals, timelines, and requirements with engineers

• Involve engineers in the product development process from ideation to implementation

• Understand and respect the technical constraints and limitations of the engineering team

• Provide clear and det...read more
Answered by AI
Add your answer

Q1. Product Strategy
Add your answer
Q2. Pick your favorite product, Explain how would you improve it's adoption?
Ans. 
I would improve the adoption of the Fitbit fitness tracker by enhancing the user experience and expanding the marketing reach.
• Enhance the user interface to make it more intuitive and user-friendly

• Offer personalized recommendations and insights based on user data

• Expand partnerships with fitness apps and health organizations to reach a wider audience
Answered by AI
Add your answer

Q1. Workex, RCA questions based on the industry where I had worked
Add your answer

Q1. All about the industry that the role was for
Add your answer

Q1. Product Design question: Increase the average order value of Swiggy customers
Ans. 
To increase the average order value of Swiggy customers, we can implement upselling techniques and personalized recommendations.
• Implement a loyalty program where customers can earn points for every order and redeem them for discounts or free items.

• Offer bundle deals or combo meals at a discounted price to encourage customers to spend more.

• Utilize data analytics to provide personalized recommendations based on past orde...read more
Answered by AI
Add your answer

Q1. How is Gpay better than PhonePe. What new feature would you add in Gpay
Ans. 
Gpay offers seamless integration with other Google services and has a wider user base. A new feature could be integration with Google Maps for location-based payments.
• Gpay has a larger user base compared to PhonePe

• Gpay offers seamless integration with other Google services such as Gmail and Google Calendar

• A new feature could be integration with Google Maps for location-based payments
Answered by AI
Add your answer

Q1. Introduction and experience demonstration in 1-1.5 minutes
Add your answer
Q2. Why we should hire you?
Add your answer
Q3. Articulate Product Strategy for a market migration/mass enablement
Ans. 
Develop a product strategy to enable mass migration in the market.
• Conduct market research to identify target segments and their needs

• Create a roadmap for product development and deployment

• Implement marketing campaigns to educate and attract customers

• Provide training and support for users transitioning to the new product

• Monitor and analyze feedback to make continuous improvements
Answered by AI
Add your answer
Q4. Leadership style question with example
Add your answer

Create a Project Plan and Presentation on a Market Migration Case Study

Q1. Same as round 1 questions
Add your answer
Q2. Describe yourself in 3 words
Add your answer

Q1. What are your CTC expectations
Add your answer

Q1. Tell me your biggest achievement in your professional life. What was the product about.
Ans. 
Launched a new mobile app that increased user engagement by 50% within 6 months.
• Led cross-functional team to develop and launch mobile app

• Implemented user feedback to improve app features and functionality

• Utilized data analytics to track user engagement and make data-driven decisions
Answered by AI
Add your answer

Q1. How will you improve Youtube by 10x.
Ans. 
Implement personalized content recommendations, improve search functionality, enhance user engagement through interactive features, optimize ad targeting.
• Implement personalized content recommendations based on user preferences and viewing history.

• Improve search functionality by incorporating filters, sorting options, and predictive search capabilities.

• Enhance user engagement through interactive features such as polls, ...read more
Answered by AI
Add your answer

Explain a project you have worked on. how did you go about implementing the same? as a Product Manager of Swiggy you need to increase orders for swiggy

How will you increase consultation for your company? [case from previous work experience]

Q1. Tell me something about yourself?
Ans. 
I am a dedicated and experienced product manager with a passion for creating innovative solutions.
• Over 5 years of experience in product management

• Strong background in market research and product development

• Proven track record of successfully launching new products

• Excellent communication and leadership skills

• Passionate about driving product strategy and growth
Answered by AI
Add your answer
Q2. What are your long term goals
Ans. 
My long term goal is to become a senior product manager leading a team of innovative individuals, driving impactful product launches and contributing to the company's growth.
• Advance to a senior product manager role

• Lead a team of innovative individuals

• Drive impactful product launches

• Contribute to company's growth
Answered by AI
Add your answer