An image pickup apparatus includes a light source apparatus emitting a first or a second illumination light to an object, an image pickup device acquiring an image of the object, and a CPU switching between a first mode where the image is picked up with the first illumination light and a second mode where the image is picked up with the second illumination light, being able to set at least one of a processing parameter for processing an image and a brightness control parameter before switching the illumination light to the illumination light corresponding to the mode or after switching to the corresponding illumination light is completed, and controlling whether the processing parameter is set before switching of the illumination light is started or after switching is completed according to the mode switching from the first to the second mode or from the second to the first mode.