I applied through university. The process took 3 weeks. I interviewed at Morgan Stanley (New York, NY) in Feb 2012
Interview
First round interview with two people on-site. Only about 30 minutes. Mostly behavioral with one or two basic technical questions. They are friendly and not out to trick you or make you feel uncomfortable.
Second round is also on site. There is a networking session the night before and then the actual second round the next day. It is set up as 3 much quicker one-on-one interviews. They are about 10-15 minutes each. Only one person asked a non-behavioral question and it was literally: "if MS was working with an individual, not a company, what would we look at to determine their level of credit risk." Not a hard question. Everything else was: introduce your self, talk about your resume/ pitch your story, and then questions, but really fewer questions and more of a flowing conversation. At this point they just want to know if they like you.
Interview questions [1]
Question 1
An airline company is replacing their entire fleet of planes. The old planes have zero salvage value and there is no depreciation to deal with. Explain the effect on the the company's financial statements.
I applied online. The process took 2 weeks. I interviewed at Morgan Stanley (London, England) in Nov 2015
Interview
Phone interview with Associate, it was purely strength based questions. Interview took 30mins and there was around 20 questions. He didn't really gave me any feedback after the interview, was rejected 3 weeks later.
Interview questions [1]
Question 1
How important is considering different perspective in Credit risk?
I applied online. The process took 2 months. I interviewed at Morgan Stanley (London, England) in Jan 2015
Interview
Went to an Asia-info session in London, encouraged to apply for positions in HK, SG. Got selected for 1st/2nd round telephone interviews with senior analyst + VP. Got into 3rd round phone interview with ED; 1 week later final round at MS in Canary Wharf, video conference with MD. Received offer by telephone one week later.
Interview questions [1]
Question 1
Walk me through your resume.
Why do you want to work in Credit Risk?
Explain quantitative easing and effects on markets
Options/ Black Scholes model
Walk me through the 3 Statement Model
Aircraft leasing (effect on balance sheet/CFS) vs. purchasing an aircraft as an asset.
I applied through university. I interviewed at Morgan Stanley (New York, NY)
Interview
OCI interview with the VP of the lending team. Asked behavioral questions, mostly stemmed from the resume. Nothing surprising, easy to prepare. The interviewer was nice. He asked accounting questions, such as describe the relationship between the three statements; how can accounting be used in credit risk analysis. Business school students should be fine.