Entering the competitive world of a global financial services leader like Morgan Stanley is an exciting prospect for many aspiring professionals. But, how many rounds does Morgan Stanley have in its rigorous hiring process? The answer, as you'll soon discover, isn't a single, fixed number, but rather a dynamic process tailored to the role, division, and sometimes even the location. However, a typical process involves multiple, distinct stages designed to thoroughly assess a candidate's skills, experience, and cultural fit.
Ready to dive in and understand what it takes? Let's break down the journey step-by-step!
Step 1: Your First Impression - The Application & Online Assessment
So, you've decided to pursue a career at Morgan Stanley. Excellent choice! The very first step is to formally introduce yourself.
1.1 The Online Application
This is where your journey begins. You'll typically head to the Morgan Stanley careers website and search for opportunities that align with your qualifications and aspirations.
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Tailored Resume and Cover Letter: This cannot be stressed enough. Do not use a generic resume! Highlight experiences, academic achievements, and extracurricular activities that showcase the skills and qualities Morgan Stanley values, such as analytical thinking, leadership, teamwork, and a keen interest in finance. Your cover letter should clearly articulate why Morgan Stanley, why this specific role, and why you are the ideal candidate. If you've networked with anyone at the firm, mentioning them (respectfully!) in your cover letter can also be a plus.
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Open-Ended Questions: Depending on the division and role, you might encounter some open-ended, competency-based questions. These are your chance to further elaborate on your experiences and motivations. Practice answering questions like "Describe a project you found interesting" or "What interests you about [X] division?" beforehand. Keep your answers concise and impactful, typically within a 150-200 word limit.
1.2 The Online Assessment (The First Hurdle!)
Once your application is submitted and reviewed, you'll likely receive an invitation to complete an online assessment. This is often a crucial elimination round, with a significant percentage of applicants not progressing past this stage. These assessments are usually provided by third-party platforms like HireVue, SHL, or Cut-e (AON).
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Types of Assessments:
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Numerical Reasoning Test: Expect questions designed to test your ability to work with and interpret numerical data, often in a financial context. This might involve charts, graphs, and basic calculations. Brush up on your quantitative skills!
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Verbal Reasoning Test: This assesses your ability to understand, interpret, and draw conclusions from written information. You'll typically read passages and answer multiple-choice questions based on the text.
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Logical Reasoning Test: These tests gauge your problem-solving abilities and pattern recognition through a series of diagrams or shapes where you need to identify the next in the sequence.
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Situational Judgement Test (SJT): You'll be presented with various workplace scenarios and asked to choose the most appropriate course of action. This evaluates your judgment, ethics, and alignment with the company's values.
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HackerRank Technical Assessment (for Tech Roles): If you're applying for a technology-focused role (e.g., Software Engineer), you will almost certainly have a coding round. This typically involves solving data structures and algorithms problems in a given programming language. Time management and attention to detail, including handling edge cases, are critical here.
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HireVue Video Interview (for some roles): Increasingly common, particularly for initial screenings, is a HireVue video interview. You'll record your answers to pre-set behavioral and fit questions. You usually get a short preparation time (e.g., 30 seconds) and a limited recording time (e.g., 1-2 minutes) per question. Practice speaking clearly, maintaining eye contact, and presenting yourself professionally.
How Many Rounds Does Morgan Stanley Have |
Step 2: The Interview Gauntlet - Initial & Technical Discussions
If you successfully navigate the online assessments, congratulations! You'll move on to the interview stages. The exact number and nature of these rounds can vary, but generally, this phase involves one or more initial interviews.
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2.1 First-Round Interviews
These interviews are typically conducted by HR representatives, analysts, or associates, often via phone or video conferencing.
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Focus: These rounds tend to be a mix of behavioral, motivational, and foundational technical questions.
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Behavioral Questions: Expect questions like "Tell me about yourself," "Why Morgan Stanley?", "Why this role/division?", "Walk me through your resume," and questions about your experiences demonstrating teamwork, leadership, problem-solving, and handling challenges. Prepare compelling examples using the STAR method (Situation, Task, Action, Result).
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Motivational Questions: Interviewers want to understand your genuine interest in finance, Morgan Stanley, and the specific career path. Show your passion and explain what attracts you to the firm's culture, values, or recent achievements.
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Foundational Technical Questions (especially for finance/tech roles): Depending on the role, you might encounter basic technical questions related to financial concepts (e.g., valuation techniques, financial statements) or programming fundamentals (e.g., OOP concepts, data structures). Review your academic knowledge and any relevant coursework.
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2.2 Subsequent Technical Rounds (Common for Tech Roles)
For technology-centric roles, you'll almost certainly face additional, more in-depth technical interviews.
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Technical Round 1 (and potentially more): These rounds delve deeper into your technical proficiency. Expect questions on:
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Data Structures and Algorithms (DSA): This is a cornerstone for tech roles. Be prepared to solve coding problems, discuss time and space complexity, and demonstrate your understanding of various data structures and algorithms.
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Programming Languages: Questions specific to the language you'll be working with (e.g., Python, Java, C++), including language features, concepts, and best practices.
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Core Computer Science Concepts: Operating systems, database management systems, networking, and object-oriented programming (OOP) principles.
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Projects and Internships: Interviewers will likely ask in-depth questions about the projects you've listed on your resume, your contributions, challenges faced, and lessons learned.
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System Design Round (for Senior Tech Roles): For more experienced or senior technology positions, you might encounter a system design round. Here, you'll be asked to design a scalable and robust system for a given problem. This assesses your architectural thinking, ability to handle trade-offs, and understanding of various system components.
Step 3: Collaboration & Deeper Dive - The Assessment Center (Superday)
If you impress in the initial interview stages, you'll typically be invited to an "Assessment Center" or "Superday." This is a comprehensive day (or sometimes even two) designed to evaluate a wider range of skills in a more dynamic setting.
3.1 Assessment Center Activities
The assessment center is a multi-faceted stage, often including a combination of the following:
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Written Exercise: You might be given a case study or a set of data and asked to analyze it and produce a written report, memo, or recommendation within a time limit. This assesses your analytical, critical thinking, and written communication skills.
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Group Exercise: You'll work with a small group of other candidates on a given task, such as a business problem or a hypothetical project. Interviewers observe your teamwork, communication, leadership, and ability to contribute constructively in a group setting. Remember to be collaborative, listen to others, and make your points clearly.
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Presentation Exercise: You might be asked to prepare and deliver a presentation on a specific topic, sometimes based on the written exercise or a separate case. This evaluates your presentation skills, ability to articulate ideas, and confidence.
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Final Interviews: The assessment center often culminates in a series of final one-on-one interviews with senior managers, directors, or even managing directors (MDs). These interviews are often more conversational but still highly evaluative. They'll assess your overall fit, deep financial knowledge (for finance roles), industry awareness, and long-term potential at Morgan Stanley. Be prepared to discuss your motivations, career aspirations, and how you see yourself contributing to the firm's success.
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3.2 Group Activity (Sometimes Separate)
In some instances, particularly for certain entry-level or tech roles, a group activity might be a distinct round rather than part of a larger assessment center. These creative tasks, like building something out of LEGO blocks or creating a story from a picture, are designed to observe your teamwork, communication, and problem-solving skills in a more unconventional setting.
Step 4: The Final Hurdle - Technical-cum-HR Round & Offer
The final rounds are often a blend of technical and behavioral questions, designed to ensure a holistic fit.
4.1 Technical-cum-HR Round
This round typically involves a senior technical person or a manager who also delves into HR-related aspects.
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Deep Technical Dive: Expect very in-depth technical questions, potentially including system design concepts (for tech roles), advanced algorithms, or complex financial scenarios. They'll test the depth of your knowledge and your ability to apply it.
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Behavioral & Fit Questions: This round will also cover traditional HR questions: "Where do you see yourself in 5, 10, 15 years?", "What are your strengths and weaknesses?", "Why Morgan Stanley?", and questions about your family background or willingness to relocate. Be honest, self-aware, and align your answers with the firm's values and your genuine career aspirations. This is where they assess your cultural fit and long-term potential with the organization.
4.2 HR Round (Formalities & Offer)
If you successfully clear all the preceding technical and assessment rounds, the final HR round is often a formality.
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Discussion Points: This round usually focuses on:
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Salary expectations and compensation package.
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Notice period (if applicable).
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Company policies and benefits.
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Any final questions you might have about the role or the company.
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Background Checks: Upon a successful HR round and verbal offer, Morgan Stanley will initiate background checks, which can include education verification, employment history, and criminal records.
The Grand Total: How Many Rounds?
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As you can see, the number of rounds at Morgan Stanley is not a fixed, one-size-fits-all answer. It typically ranges from 4 to 6 distinct stages, though some very competitive or senior roles might have more, and some entry-level roles (especially non-tech) might have slightly fewer.
Here's a generalized breakdown:
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Application Submission
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Online Assessment (1 round, often with multiple components)
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First-Round Interviews (1-2 rounds)
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Assessment Center / Superday (1 round, comprising multiple activities and interviews)
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Final Interviews (1-2 rounds, often technical-cum-HR)
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HR Round (often the final step before an offer)
Therefore, you can generally expect to go through anywhere from 4 to 6+ rounds, each designed to progressively narrow down the candidate pool and identify the best fit for Morgan Stanley.
10 Related FAQ Questions
Here are some frequently asked questions about the Morgan Stanley hiring process:
How to prepare for the Morgan Stanley online assessment?
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Practice extensively with numerical, verbal, logical reasoning, and situational judgment tests from reputable online platforms. For tech roles, solve a wide variety of data structures and algorithms problems on platforms like LeetCode or HackerRank.
How to ace the HireVue video interview?
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Practice your answers to common behavioral questions, maintaining good eye contact, clear articulation, and a confident demeanor. Record yourself and review for improvements. Dress professionally and ensure a quiet, well-lit environment.
How to answer "Why Morgan Stanley?" in an interview?
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Research the firm's values, recent achievements, specific divisions, and current market trends. Connect your personal and professional goals to Morgan Stanley's mission and culture. Show genuine enthusiasm and a clear understanding of what makes the firm stand out to you.
QuickTip: Read in order — context builds meaning.![]()
How to approach technical questions in Morgan Stanley interviews?
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For finance roles, review core financial concepts (e.g., valuation, financial statements). For tech roles, master data structures, algorithms, and relevant programming languages. Be prepared to explain your thought process when solving problems and discuss the trade-offs of different approaches.
How to demonstrate teamwork during the group exercise?
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Actively listen, contribute constructively, encourage others, delegate tasks effectively, and be willing to compromise. Focus on the group's success rather than individual performance, and ensure everyone has a chance to speak.
How to prepare for the Assessment Center/Superday?
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Understand the format, practice case studies (both written and presentation-based), and mentally prepare for back-to-back interviews. Research current market events and Morgan Stanley's recent activities to demonstrate commercial awareness.
How to stand out in the final interviews with senior managers?
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Showcase your deep industry knowledge, genuine passion, and alignment with Morgan Stanley's long-term vision. Ask insightful questions that demonstrate your critical thinking and understanding of the business. Be confident yet humble.
How to follow up after a Morgan Stanley interview?
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Send a concise and personalized thank-you email to each interviewer within 24 hours. Reiterate your interest in the role and the firm, and briefly mention something specific you discussed.
How to handle a behavioral question about a weakness?
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Choose a genuine weakness that you are actively working to improve. Frame it positively by explaining the steps you're taking to address it and how you've seen progress. Avoid clich�s or weaknesses that are critical for the role.
How to ask intelligent questions at the end of an interview?
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Prepare questions that show your research and genuine curiosity about the role, the team, the company culture, or industry trends. Avoid questions whose answers are easily found on the company website. Examples: "What are the biggest challenges facing this team in the next year?" or "How does Morgan Stanley support the professional development of its employees?"