Just wondering if MS includes a modeling or case component in the final round. Anyone done one recently?
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Hi!
From what I’ve seen, Morgan Stanley’s Superday usually doesn’t include a full, timed modeling test. Instead, they ask technical questions to check your understanding, like “What happens if depreciation goes up by $10 million?” or “Walk me through a DCF.”
They want to see if you know how the financial statements connect and if you’re comfortable with valuation methods, rather than how fast you can build a model. If you’re solid on Excel, financial statements, and DCF/comps, you should be good.
The interviews can be intense, but they focus more on your thought process and knowledge than on a live modeling exercise.
Hope this helps!
Hey There!
Most candidates report that Morgan Stanley does not include a full-scale modeling test during Superday, particularly for analyst or intern roles. Instead, the day typically features technical interview questions, including valuation (DCF, comps) and market-based ones, along with behavioral and fit discussions. Occasionally, there's a light case exercise—but nothing as in-depth as a multi-hour build or custom LBO test—unless you're a lateral hire with specific modeling needs.
Practically, you should prioritize refreshing valuation frameworks, being prepared to walk through a DCF or comparables analysis, and honing your ability to discuss market trends or recent deals. If a brief case appears, treat it more like a structured brainteaser than a model-heavy assignment. That approach aligns closely with candidate feedback and ensures you're well-equipped for the Superday structure.
A friend had a Superday at Morgan Stanley, no modeling test. Mostly technicals (like DCF, valuation) and fit questions. Some groups might include a light case, but no full modeling unless it's a lateral role.