Hey,
I had my first round for Morgan Stanley IBD and I’m expecting a follow-up if all goes well.
For anyone who’s made it to later rounds, how do the questions evolve? Are the second or third rounds more technical, or do they shift toward fit and deal experience if you have some? Also curious how consistent the interviewers are across different offices.
Hi! Congrats on passing the first round .That’s a great step! Later rounds at Morgan Stanley usually get more technical and dig deeper into your deal experience, but fit questions remain important too. Interview styles can vary a bit across offices, but the main focus tends to be consistent.
If you want to polish your prep, working with a coach for some targeted feedback on both technical and fit questions could really help.
Good luck with the next steps!
Rita
Congrats on making it through round one!
Rita already said it, at Morgan Stanley, later rounds typically go deeper on both technicals and fit.
You may get more nuanced questions on valuation, merger modeling, or past deal experience (if applicable), as well as judgment-based scenarios like “Would you do this deal?”
Expect more senior interviewers (VPs/MDs) in follow-ups, with a stronger focus on how you think and communicate under pressure. Format and intensity can vary a bit by office, but the core themes stay consistent. Know your story, your technicals, and why MS.
Hi!
Interviews tend to be more detailed and tailored to your experience in the later rounds at Morgan Stanley IBD. While technical questions on valuation, accounting, and modeling may go deeper, there’s often a stronger focus on your exposure to deals, understanding of the market, and ability to discuss transactions thoughtfully. Behavioral and fit questions continue to play a key role, assessing teamwork, leadership, and motivation to ensure cultural alignment. Although interview formats are generally consistent across offices, some variation exists depending on the team or location, so it’s important to be ready to demonstrate both your technical skills and relevant experience confidently.
Hey There!
In later rounds at Morgan Stanley IBD, interviews typically become more in-depth and technical, focusing on your ability to reason through complex accounting, valuation, and modeling questions under pressure.
There is also a stronger emphasis on personal fit, teamwork, and your understanding of recent deals or market trends, especially if you have relevant experience. Interviewers may vary slightly across offices in terms of style or focus, but the core areas remain consistent, so it’s important to be prepared to explain your thought process clearly, discuss market developments, and demonstrate both technical competence and cultural fit.
