PIL MUMBAI CS Management Trainee Interview Questions and Answers

Does a large and old firm have better professionalism than startups?

Q1. Why did you pursue MBA at 28?
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Q2. Share your journey about your current and previous startup?
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Q3. What is your long-term plan in terms of your startup?
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Q1. What are your salary expectations?
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Q1. Basic things about current working
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Q2. Background and experience
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Gd topics - Straight roads cannot make better driver, social media networking

Q1. Any moment in your like when u felt proud
Ans. 
Winning the first prize in a national science competition
• Achieving top marks in the competition

• Receiving recognition from judges and peers

• Feeling a sense of accomplishment and pride in my hard work paying off
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Q2. Why you are not joining your fathers business
Ans. 
I want to gain experience and knowledge outside of my family business to develop my skills and create my own identity.
• Seeking new challenges and opportunities for personal growth

• Want to establish my own career path and identity

• Desire to gain diverse experience in different industries

• Willingness to learn from different management styles and practices
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Operations, improvement and achievements

Q1. Work based questions only..
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Q1. What is Bad debt reserve? how it is calculated
Ans. 
Bad debt reserve is an allowance for potential losses from customers who may not pay their debts.
• It is a provision made by companies to cover potential losses from customers who may not pay their debts

• It is calculated based on historical data of bad debts, current economic conditions, and credit policies

• The reserve is adjusted periodically based on changes in the company's credit policies and economic conditions

• It is r...read more
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Q2. What value add can you bring on the table?
Ans. 
I can bring extensive experience in team management, strategic planning, and process improvement.
• Proven track record of successfully leading teams to achieve goals

• Expertise in developing and implementing strategic plans to drive growth

• Strong focus on process improvement and efficiency

• Ability to identify and address challenges and opportunities

• Excellent communication and interpersonal skills

• Examples: Increased team prod...read more
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Q3. Can you take me through end to end collections activities?
Ans. 
End to end collections activities involve identifying overdue accounts, contacting customers, negotiating payment plans, and recording payments.
• Identify overdue accounts through reports or customer communication

• Contact customers through phone, email, or mail to request payment

• Negotiate payment plans based on customer's financial situation

• Record payments and update account information

• Escalate delinquent accounts to lega
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Q4. People management- scenario based questions
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Q1. People management- Scenario based question
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Q2. How would you manage a low performing employee?
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Q1. What are your strengths and weaknesses?
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Q2. Tell me about yourself.
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