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Investment banking interviews can be some of the more grueling ones out there.  Be ready for them by being prepared.  Know what they are looking for in an interviewee.  The following interview advice is generously provided from a source at Morgan Stanley 

Get tips on what Morgan Stanley looks for when meeting with candidates, and how best to prepare for your interview.

You and your story
  • Before the interview, think about the impression you want to make with the interviewers. 
  • Know your resume inside-out - always maintain eye contact with your interviewer and never look down at your resume during the interview. 
  • Understand what professionals at your level in the industry do. Read resources like WetFeet and Vault. Ask questions of school team members during the recruiting season. 
  • Use examples from past experiences to demonstrate why you would be the ideal candidate for the role for which you are applying. Highlight sales and trading experience, Wall Street expertise and your familiarity with our firm. 
  • Be a quick thinker and demonstrate mathematical and analytical skills proficiencies. 

The Firm
  • Know our history. 
  • Know our principles and values. 
  • Understand how Morgan Stanley is organized - e.g. Institutional Securities, Morgan Stanley Wealth Management and Asset Management include S&T, IBD, GCM, etc. This will help you understand the business as an aggregate.
  • Know the firm's management and key senior leaders.
  • Have a sense of the firm's performance this year.
  • Know how the firm performed relative to competition.
  • All the information needed for above can be found on WSJ.com, NYTimes.com, Google, CNBC, Bloomberg, Bloomberg TV, Wikipedia, MorganStanley.com, etc.

Know your interests
  • If you are drawn to a quantitative role, demonstrate your quantitative capabilities. 
  • If you are drawn to Prime Brokerage, have an understanding of the basics of hedge funds, how they are different from mutual funds, what strategies hedge funds employ and a general history of hedge funds. 
  • Be awake, enthusiastic, ready and energized. 
  • Be concise and compelling. 
  • Be genuine and stay true to yourself. 
  • PRACTICE! Sit down with a friend and run through mock interviews. Get comfortable speaking about yourself. 
  • Prior to your interview, think of approximately five solid questions to ask the interviewer that are relevant to the business. Avoid generic questions such as, "What is the culture like at Morgan Stanley?"

The Markets
  • Read: WSJ, A & C sections (front page)/FT; Economist (a few articles each week). 
  • Understand what's going on in the markets. 
  • Stay up-to-date with financial news. 
  • Know about the financial reform bill. 
  • Know about the financial crisis: what happened and why? It is the easiest way to demonstrate interest in our specific market. 
  • Choose one or two areas of the market that you can discuss with specific knowledge and enthusiasm. No one expects a candidate to be on top of all areas of markets, finance and economics. 


 


Comments

03/27/2014 1:43am

Amazing blog for new commerce who face the interviews..good points are given....

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05/12/2016 1:04am

Thanks a lot! Now I know how to prepare for investment banking interview!

Reply
08/02/2017 10:57am

Investment banking interview is not totally different from a job application interview since you are there for a certain approval. But this one is quite more challenging because you need to make a great impression to the interviewers. Only chosen people are the ones getting approved. It's because they have all the requirements and they deliver well during the interview. Be confident and always think that you can answer all their inquiries!

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