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IIM Lucknow IPMX interview questions

Interview Questions collected from Past clients

How IIM Lucknow IPMX Interview Works

Applications that are complete in all aspects and qualify in terms of the minimum academic and other criteria specified above are evaluated for being progressed to the next stage in the admission process. Shortlisted candidates will be called for the IIM L IPMX Interview process.

The IIM Lucknow IPMX Interview panel will evaluate each candidate’s performance in terms of quality of work experience, diversity, leadership qualities, social sensitivity, and multifacetedness.

As a general approach to selecting a candidate for the programme, a multi-factor model is used. These factors include academic track record, GMAT/GRE scores, quality of work experience, performance in the interview, and writing ability test. A composite total score will be calculated for each applicant using the multi-factor model. A merit list is prepared based on the composite total score. The offer of admission will be made to a certain percentage of applicants on the merit list. The number of offers made will depend on the availability of seats. The number of offers will be further subject to the candidate meeting a minimum cutoff in terms of the composite score and/or for any other factor score that the admissions committee may decide on

Who will interview you, and how long will the interview last?

Like most Indian B-schools, the IIM Lucknow IPMX interview is taken by a Panel. The Panel usually consists of 2-3 professors. The interview typically lasts for 25-30 minutes or may extend to 35-40 minutes in some instances.

Will the interviewer have read my application?

It is always safer to assume that the Panel members have access to your complete application. In most instances, they would have read it completely. Unless the school specifically says that it will be an blind interview. Mostly North American Business schools in US and Canada have an  Blind interviews, European and SE Asian schools conduct interviews via Alums or panels which have full access to your entire application. 

How can you prepare for your interview?

Like most MBA Interviews, your interview will mainly revolve around a pretty similar set of MBA interview questions. You can never predict what questions will be asked, but with enough research, you can predict what are the most commonly asked questions in these interviews. We have created a short FAQ list below to get you a jump start, and we also have a free guide linked below to help you prepare for these commonly asked interview questions.

IIM Lucknow IPMX Frequently Asked Interview Questions

Professional experience-related questions

  1. Tell me something about yourself, or Walk me through your resume.
  2. What are your short-term and long-term goals?
  3. Why MBA? or Why now? or Why an MBA at this stage of your career?
  4. Why IIML?
  5. What is your Plan B? in case your primary goal does not happen?

Personal qualities-related questions

  1. What are your key strengths? Can you give some examples, please?
  2. What are your key weaknesses? Can you give some examples, please?
  3. How can you add value to the Class? or Why should we take you?
  4. Any reasons why we should not select you?
  5. Interests and Hobbies related questions – why do you do it, what have you achieved/learned?

Frequently Asked Situational & Behavioral Questions

  1. What is your leadership style? Can you give an example of a project you led?
  2. What would you describe are your greatest achievement to date?
  3. Give me an example of a time you failed.
  4. Give me an example of a time you faced a conflict. How did you handle that?
  5. Give me an example of a time when you did not meet a client’s expectations. What happened, and how did you attempt to rectify the situation?

The last one – Do you have any questions for us?

  1. Can you please tell me how international exchange students and schools are assigned?
  2. How club leadership is selected?
  3. Any other questions you may have in regards to the program.

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IIM Lucknow IPMX Interview Experience – 1

Online Interview: September 11th, 2021 
Final Decision: Admitted

“The interview began with inquiries about my background and function in the organisation.
P1: Where do we begin?

It’s up to you, sir.

P1: No, please tell me.

Okay, let me introduce myself; my name is…

P1: We know that, but tell me about your hobbies… are you creative?

We talked about it, and he asked me to write a brief story about how a dish received its name.

He then moved on to my thoughts on my industrial situation in three phases. As I was telling him this, he asked, “It’s only two; where’s the third?”

He passed it on to P2.

He asked me some accounting-related technical questions, to which I attempted to respond but failed since I was thinking about something else.

He proceeded on and asked me a probability question, which I tried but couldn’t answer. I gave him a response and was questioned about how and why; I tried to explain, but I knew I was wrong.

Finally, P1 returned and asked me about my post-MBA wage expectations. I informed them about my estimated breakeven point, and they disagreed.

I stated that my goal in pursuing an MBA is not for the immediate benefit, while salaries are significant, but for the learning that would last a lifetime, and after some cross-questioning and responses, they asked if I had any questions for them.

IIM Lucknow IPMX Interview Experience – 2

Date of Interview: October 31, 21

Conclusion: Accepted

“Impromptu Discussion: The high prices at which startups are valued do not reflect their true potential. Venture capitalists should evaluate their holdings carefully.

– Represented the topic well and provided contrasting viewpoints. I think you can win some points if you present some novel suggestions.

PI – Two professors interviewed me. There were 12 minutes of the interview. Since I have experience in the financial sector (CA and CFA), I was asked:

There are a lot of MBA hopefuls in the banking industry, including at ICICI bank. Why is there an issue in the banking industry?

When the economy is weak, to whom should we extend credit, and which industries fare best?

When do durable goods for the home tend to do well?

Have you ever used Twitter?

Just what is a poison pill? Comparing a poison pill to a hostile takeover?

How can the effectiveness of Asset utilization be evaluated?

The Asset Turnover Ratio is defined.

Equity multiplier — what is it?

Which is better, basic or diluted earnings per share? How do share warrants affect earnings per share?

As RM, do you assess a borrower’s creditworthiness?

Which factor do we give the most consideration to?

Default profitability is something you utilise, right? Just how can you quantify it?

To what extent do market forces determine interest rates?

Is “articleship,” which you list under “work ex,” actual job experience?

So, I take it you’re single.

What do you do in your spare time?

Discussion with potential competitors – The entire interview process took a little longer than twenty minutes. Questions involving general knowledge

The COP 21 Agreement in Paris

Indian waterways that run inland

Methods of operation at HDFC Bank and Kotak Mahindra Bank

The Vice President of India’s responsibilities against those of the Vice President of the United States

How can the efficacy of the banking sector be evaluated?

Banks’ Price-to-Earnings Ratio

In Budget 2023, the government unveiled a number of new programmes.

Why did PNB accuse a bank of being a “scam”?

Protests by unions and their members led to the recent turmoil in Punjab.

What does “net zero” mean?

IIM Lucknow IPMX Interview Experience – 3

Off-Campus with Adcom

Date: September 10th, 2022

A male professor in his mid-to-late 30s and a female professor in her mid-to-late 30s conducted the interviews.

I answer the door, and the male professor calls me in. He appeared like a genuinely nice guy. My request for water was followed by an invitation to take a seat. In a word, yeah. He walked around to the opposite side of the room to get some water. Meanwhile, I had gotten to my feet. He instructed me to take a seat and relax for a while. He offered to bring water. I thanked him and poured myself a drink. The interview proper then got underway.

Since I am a business owner, they wanted to see how effectively I could communicate with locals by having me identify myself in their language.

After that, they shifted gears and asked me several questions specific to the business and market in which I operate.

I was then subjected to the standard Why MBA? and Future Plans questions.

In addition, they probed extensively to ascertain my motivations for leaving a lucrative business in order to obtain an MBA.

They inquired as to the value of the certification I had earned and its relevance to my business endeavour.

Many questions were asked of me in the middle that were not directly linked to my field.

The interview felt more like a casual chat.

About 25 minutes in length.

All the best to you out there in cyberspace.

Hopefully, you’ll all be accepted to your preferred universities.

Best wishes!

IIM Lucknow IPMX Interview Experience – 4

On campus 

Dates of Interview: November 19, 2022

My interview was on November 19 at IIM Lucknow. I got there at 2:00, and the interview was at 3:00.

The interview took place at the new academic building on campus, and getting there was a breeze.

You’ll probably have to wait in a small room with the other applicants, but this will offer you a chance to get to know them and relieve some of your pre-interview anxiety by chatting and making nervous jokes with each other.

In any case, I learned that the interview was being conducted simultaneously by four separate panels. I don’t know if they just randomly split up the candidates amongst themselves or if they had a system in place to choose who would be chosen. What I did learn was that there will be two professors on each panel. Interview panels took varying approaches depending on the instructors’ individual styles. According to what I’ve heard, some of the panelists were cool as cucumbers, and others were purposefully confrontational. 😀 After the interview was over, the candidates were left in the dark about the outcome.

Questions in Addition:

One Reason Why Private Investors Won’t Be Investing in Startups

Interview Topics:

1. Asked me to Recap my history and how I ended up working in the BFSI industry.

2) Justification for PGPX

3) Current Function

4) The Bank faces both micro and macro-level problems, and I was asked to discuss some potential remedies.

5. How do you think fintech will impact the future of banking in India?

6. Explain how Converting to a new banking model presents difficulties for PSUs.

7. Goals after completing an MBA

8. How do you plan to pay for the tuition

9. Any questions for us?

IIM Lucknow IPMX Interview Experience – 5

Off-Campus with Adcom

Dates of Interview: February 11, 23

Decision Made: Accepted

Topic: Charity is an integral element of business. WAT (paper pen) ten minutes.

While many who went before me reported on the extempore issues, I was familiar with the process and needed to do only minimal preparation. Current events in the business sphere were also discussed. Should Zomato be outlawed because of the reckless driving of its delivery executives? Is “quiet quitting” just a euphemism for laziness, or is it a cultural movement in its own right?

When I walked in for the interview, the first question was, “Why have you been with the same company for 10 years?” They also wanted to know what a IPMX would do to improve my profile. Whether I was interested in IPMX because my company was struggling in India, etc.

After that, they inquired as to what sort of employment I would be seeking following the completion of IPMX. I mentioned that my experience was a good fit for the position of product manager. They jumped on that word, and I was subjected to a barrage of what-if questions. How would I, as the product manager for my company, reintroduce the product to the market? What I think went wrong with the product, why I chose a certain strategy, etc. All of the inquiries were made in a level-headed, genuinely curious tone. Still, I struggled to answer all of their inquiries.

The second panellist then had me select a chit at random and read it aloud. “Is diversity in the workplace just leading to more mediocrity?” was the topic of discussion. Should businesses give up on it in favour of a meritocratic system? After taking a stand against it, the customary back-and-forth between the panellist and me began. They didn’t try to change my mind too much, but they did put out some basic arguments and asked for some instances to back up my position.

When I told the panellist that I had spent my entire childhood in Lucknow, he questioned me why I would want to attend IIM Lucknow. In my response, I focused on my personal and professional backgrounds to show that I had the necessary diversity and exposure. MBA, he said, affords the chance to see the world. I said that if IIM Lucknow were in Delhi, I would have definitely visited the city. I’m going to apply to the one in Lucknow because of its convenient location. The final laugh of the interview came from the other panellist. Anyway, I have no clue if I’ll get chosen or not. Once you leave the room, you won’t have any idea what they decide.

IIM Lucknow IPMX Interview Experience – 6

Date of Interview: 2/21/2021 

Status: Accepted

“I had a Google Meet interview.

There was one female professor and one male professor on the panel.

First segment: Extempore

The male professor said, “You can pick a chit (containing extemporaneous topics) at random.” You can proceed if you find the subject interesting. But if you’d rather, feel free to pick something else. The next option you select will be your last. You should, however, take a stand on the issue.

I decided on one immediately. The discussion centered on the idea that platform startups’ valuations are inflated for no good reason. I immediately changed the subject. The next topic was the idea that free lunch programmes are a waste of money. I requested some note-taking time, only around a minute or two. Once I’d thought of a few things to say, I began to talk. I disagreed with the remark and argued that the school lunch programme was essential to boosting enrollment and eradicating hunger. The female professor then argued that people should be allowed to work and provide for themselves. I asked, “Is it your premise that sufficient means of earning will be created by investing the money from the midday meal money in some other way in the economy?” I contended that those at the bottom of the economic ladder are rarely in a position to take advantage of new chances. Opportunities like this are quickly seized by middle-class people. Therefore, the underprivileged require a safety net. The male professor then made a number of counterarguments. Topics such as whether or not liberalization helped people escape poverty and whether or not people voted for development were discussed at length for ten to fifteen minutes. But I held my stance and didn’t budge an inch.

2nd section: Profile-related

Faculty woman: I see that you have worked in the mining industry and managed assets. Do you have any notion why the delisting of Vedanta was unsuccessful? I made it clear that when I say I have expertise managing assets, I am referring to physical property and not money. Still, she insisted, you should be able to respond because the story appeared in the media. To clarify, I had her ask again. So, she went and did it. After admitting that I was in the dark, I guessed. To give some background, I mentioned that Vedanta attempted to delist from the Indian stock market and the London Stock Exchange. The holding structure and the inability to win over the voting of minority shareholders likely doomed the attempt to delist Indian companies. She denied that, stating, “No, there were some other asset management-related issues.”

Male academic: Can you tell me about a time in your recent work experience when you effectively addressed a client issue? I gave a thorough description of my mistake (constantly referring to 12 a.m. as 12 p.m.). That’s wrong, I was told). He questioned our proposal to the client a little bit and seemed to accept our explanation.

Faculty woman: Anil Agrawal, the CEO of Vedanta, may approach you and ask, “What do you want us to do?” Sustainable development would be my first piece of advice, followed by spending money on cutting-edge equipment and training for new employees. I mentioned how the Vedanta smelter plant in Tamil Nadu was shut down due to claims of ground water poisoning. “Talks of sustainability and ESG are exaggerated,” she claimed. In my opinion, mining always causes environmental harm. In response, I said that it was all about finding acceptable levels of risk. I used a plant I had contact with in the UK last year as an illustration. Despite the fact that the company has been operating in a city since 1908 and has used explosive hydrogen gas in its operation, no serious accidents have occurred at the facility. Then she turned to the consultants and said, “You come in here and say anything is possible.” Please explain how this is even feasible. Is there a technological solution? If you could choose one piece of technology to solve all these issues, what would it be? Technology was not the issue, I said. It’s all about making a promise. I mentioned that Indian factories boast 95%+ uptime. The efficiency of European plants is between 80% and 85%. If you require a month-long stoppage in India, you’ll only get ten days. Therefore you have to take chances in order to put production first.

Male academic: I can see that you have a comfortable income. What is the average income for a candidate we place? I estimated a range of 34–36. Are you sure that’s what you want to do?” he said. “Why do you want to do it?” I mentioned that I am doing this because I intend to one day lead a business, and I don’t want to be unprepared.

Male academic: Entrepreneurs with a technical background tend to do particularly well. In response, I mentioned that most business owners face numerous setbacks before finally achieving success. The more I learn about running a business, the less likely I am to fail.

IIM Lucknow IPMX Interview Experience – 7

Interview Conducted Online on September 11th, 2021 

Admission is Granted as a Final Decision.

“The interview started off by asking me questions about my profile and the function I play in the organisation.

Q1. Why does my organisation hire so many new people? A defence or justification of the same.

Q2: What kinds of vaccinations are available in India?

Q 3: What steps can the government take to increase immunisation rates in India?

Q4. Calculus questions. I was honest with the admissions committee and admitted that I was clueless about a handful of the questions.

The interview took roughly 20 to 25 minutes to complete. They weren’t hostile, but I couldn’t get the feeling that something was off about them. My advice is for you to remain calm and consider your options before responding.

IIM Lucknow IPMX Interview Experience – 8

Adcom Off Campus Interview conducted on: November 5th, 2022 

“Two professors and a former student of the institution interviewed me. The interview lasted for a total of twenty-five minutes. Do you have any questions like these:

1. Please tell me about your previous employment.

2. One of the professors had a strong familiarity with Total Environment, the company for which I worked. I have a couple of questions regarding the organisation.

3. What led you to become involved with these organisations? (Directors are typically graduates of the same college and met through networking. Prof remarked – Tum toh apna job bina placement ke laga loge)

3. Approximately one year off from one’s career.

4. The reason for the MBA.

5. Why do you want to go back to your industry (namely real estate) when you have a wide variety of possibilities after you complete your MBA? – Griddling on this side of things.

6. The topic of discussion shifted to the technology used in construction. A few inquiries on the current situation of the adoption of construction technology in India

7. After receiving an MBA, rather than working in construction technology consulting, why not accept a job?

8. For Alumni: During my time in the workforce, I worked as a bouncer. He told me in no uncertain terms that I am capable of understanding your job, ex. He inquired about promising new construction technology businesses. Location? What About Profits?

IIM Lucknow IPMX Interview Experience – 9

As I recall, the interview lasted around 25-30 minutes and consisted of four parts: profile/work-related talk, general knowledge (I nailed this one! ), mathematics (typical IIML style), and post-MBA target firms.

Part 1: Because the interview was conducted online, it began with a fast document verification process. P1 requested that I share my screen and display my GMAT scorecard. I received a 720 on my third attempt and had previously cancelled my sub-700 scores, which were clearly visible in the report. He also inquired about my past test results, which I disclosed. A simple introduction about myself broke the ice. To set the tone, I delivered a well-crafted elevator pitch. The pitch went well, and I believe they enjoyed my delivery – brief, easy to understand, yet comprehensive. He expressed curiosity and inquired me about my thoughts on a few product options he had. This continued for a short time, and I was able to answer all inquiries honestly.

Part 2: P2 entered the conversation and inquired whether or not I read newspapers. (Because I messed up this part in the IIMs last year, I spent 5-6 months this year preparing for GK, Current Affairs, Macro Economics, and World Affairs through a UPSC preparation channel. I was really well prepared this time with all of this material) When I returned, I firmly responded sure, and he asked me the three important issues that will be highlighted this year. I mentioned “Farmers Protest,” “QUAD Defence Pact”, and “US Elections”. He took the final one and began questioning me about Biden’s presidency and its impact on Indians. I provided a very zoomed-out view and discussed the ramifications. This conversation expanded on the “Conservationist versus Protectionist” worldview of the two competing presidential candidates in the United States. I supported my response with a comparison to the LPG reforms implemented by the Manmohan Singh government in 1992 and how they opened up the economy, trade, and so on. They nodded, seeming impressed by the responses. Some responses also went to Iran oil sanctions and the CATSAA act since I spoke extensively about China, and he stated that the US elections would affect other countries as well. In brief, I endeavored to go above and beyond the direct replies by providing pertinent data to back up my ideas. This aspect was spot on, and my investment prospered throughout those 5-6 months.

Part 3: P2 stated that they believe I am competent at my job but that I have not proven academic excellence (63.67% in B.Tech). “Yes, Sir, I agree,” I answered politely. Unlike past IIM interviews, he was not interested in understanding the why and all and chose not to grill/insult me further on that. He inquired as to my level of confidence in my mathematics. I was both excited and nervous since it might go anywhere. I gathered my courage and responded in the positive, citing my GMAT (720) and 12th Maths (95%) to back up my confident ‘YES’. He asked me about the Pythagoras Theorem, which is, of course, a piece of cake for everyone. The catch was in the follow-up question in an online interview when I was asked to deduce it! It took me about 2-3 seconds to figure out, and I responded by describing the concept of comparable triangles and their accompanying qualities. Right on! There are no more Math questions.

Part 4: P1 returned and inquired about my intended industries/roles following my MBA, etc. He also inquired as to why I had primarily worked in startups and was drawn to them, as opposed to an MNC employment, and so on. I did not give a one-line clear answer but instead discussed my reasons and thought process in selecting a specific role. I believe their credibility was enhanced by their real response. I don’t recall any other related inquiries.

IIM Lucknow IPMX Interview Experience – 10

Interviewed online on September 20, 2021, Final Decision: Admitted

“Written Aptitude Test – The topic I was given was “The current challenges of online education and its future.” I had 30 minutes to read and write 250 words about my thoughts. The only difficult aspect of covering this issue was fitting my points of view inside the word restriction.

1. Motivations for pursuing an MBA and other paths to achieving post-MBA goals

2. Questions about my field of employment and accomplishments indicated in my application

3. Some follow-up questions based on my answers to the preceding questions

4. A few counter-questions about the topic of my article

Advice: Go over everything in your SOP; they basically take it and ask questions based on it.”

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