I applied online. The process took 2 months. I interviewed at Morgan Stanley
Interview
I applyed online through the standardized process on their web site. There is a numerical test at the end of the application. After 1 month I got the first interview. 30 minutes over the phone, mostly competency questions, about cv. Shortly after that there was a 2nd round - 3 30 minutes interviews over the video conference with bankers in London. Mostly competency with a little bit of technical questions.
Interview questions [1]
Question 1
What could be the reason for two identical companies with identical produst to have different P/E ratios?
I applied online. The process took 4 weeks. I interviewed at Morgan Stanley (London, England) in Nov 2012
Interview
1) Apply online, complete numerical test.
2) First-round interviews with 2 analysts and 1 associate. One interview on motivation/background and two concerning technical aspects of valuation, relationship between financial statements, and a few brainteasers / math problems.
3) Assessment Center in London with approx. 20 other candidates for both full-time and summer internship. 2 competency-based interviews (technical, math, brainteaser), 1 individual presentation, and 1 group presentation - all with senior employees. The presentations were based on a business case where a recommendation was to be made regarding two potential acquisitions.
Very friendly and professional people all the way through, I would have loved to work there.