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Morgan Stanley interview questions
Superday Room's question bank has 112 questions that candidates reported from Morgan Stanley interviews, from recruiting for summer analyst classes of 2025 to 2027. 23% of them are behavioral; the technical questions are led by market knowledge (14), DCFs (13) and valuation (12).
What do Morgan Stanley interviews cover?
Market knowledge leads the technical questions candidates reported from Morgan Stanley interviews (14 of 112), and 23% of all of them were behavioral. By topic:
| Topic | Questions | Share |
|---|---|---|
| Behavioral | 26 | 23% |
| Market knowledge | 14 | 13% |
| DCF | 13 | 12% |
| Valuation | 12 | 11% |
| Merger models (M&A) | 12 | 11% |
| Accounting | 11 | 10% |
| Enterprise and equity value | 8 | 7% |
| Other topics | 16 | 14% |
Where candidates named the round, they reported 24 from superdays, 40 from first rounds, 4 from second rounds and 1 from HireVue interviews. The rest didn't say.
What questions have candidates reported from Morgan Stanley interviews?
Three of the 112, each labeled with the round when the candidate named it:
- Do you think the S&P 500 will go up, down, or stay the same in the next 12 months? HireVue · SA 2027
- What is the difference between an unlevered DCF and a levered DCF? SA 2027
- What is the difference between fiscal policy and monetary policy? First round · SA 2026
Practice all 112 out loud in Superday Room, with an answer key for each: they're part of the Recruiting Season Pass. See Morgan Stanley's questions in the app →
What does Morgan Stanley ask at the superday?
Candidates reported 24 of the 112 questions from Morgan Stanley superdays, the final round. The most common topics among them: DCFs (7), behavioral (4) and market knowledge (3). What happens at a superday →
What does Morgan Stanley ask in its HireVue?
Candidates tagged one of the 112 questions as coming from Morgan Stanley's HireVue, a recorded video interview, in recruiting for the summer analyst class of 2027. It's marked “HireVue” in the samples above, and all of them are about the markets. How the HireVue works and how to practice →
What is Morgan Stanley's interview process?
Morgan Stanley's student site describes three steps, explore, apply and interview, and says every interview is different: interviews can be competency-based, strengths-based, skills-based or technical (Morgan Stanley, Students & Graduates and Interview Preparation, checked November 1, 2026). It doesn't publish a fixed list of rounds for investment banking.
The rounds candidates named in the questions reported in interviews at Morgan Stanley suggest this order. It's what candidates reported, not a process Morgan Stanley has published:
| Stage | What it is | Questions reported |
|---|---|---|
| 1. Application | Online application and resume | – |
| 2. HireVue | A recorded video interview; the one reported question was about the markets | 1 |
| 3. First round | The first live interview | 40 |
| 4. Second round | An extra live round that some candidates reported | 4 |
| 5. Superday | The final round, with several interviewers (what a superday is) | 24 |
The other questions didn't name a round. Morgan Stanley's own interview advice is worth following at every stage:
- Know your resume cold. Be able to talk through everything on it without reading it.
- Have three reasons. One each for the industry, for Morgan Stanley and for the division you applied to.
- Pick one or two market topics. Morgan Stanley says it doesn't expect you to know every area, but you should be able to discuss one or two with knowledge and conviction.
- Show your reasoning. It says it's often more interested in how you work through a scenario than in a perfect answer.
- Ask specific questions. Skip generic ones like “What does Morgan Stanley do?”
Practice saying it out loud: Morgan Stanley's page suggests rehearsing in front of a mirror or another person while avoiding sounding scripted. How to answer “Walk me through your resume” →
When does Morgan Stanley recruit?
Extern expects Morgan Stanley to open summer 2028 applications around January 2027 (a projection from the previous cycle, as of October 9, 2026). The full 2026–27 timeline →
Most banks start with a first round, often a recorded video interview, before the superday: see HireVue interviews and what a superday is.
How should you prepare for Morgan Stanley interviews?
Start with the topics that come up most in Morgan Stanley's reported questions. Each link has free questions with short answers:
Superday Room isn't affiliated with Morgan Stanley or any bank. These questions were reported by candidates after their interviews; Morgan Stanley hasn't reviewed or confirmed them. Firm names are used only to say where questions were reported.
Frequently asked questions
- What does Morgan Stanley ask in investment banking interviews?
- Superday Room's question bank has 112 questions that candidates reported from Morgan Stanley interviews, from recruiting for summer analyst classes of 2025 to 2027. 23% of them are behavioral; the technical questions are led by market knowledge (14), DCFs (13) and valuation (12).
Sources
- Superday Room, “Superday Room question bank: questions tagged by the firm and interview round candidates reported”, counted October 29, 2026.
- Morgan Stanley, “Careers and Internships: Students & Graduates”, checked November 1, 2026.
- Morgan Stanley, “Interview Preparation”, checked November 1, 2026.
- Extern, “Investment Banking Internships 2028: Which Banks Are Hiring and When to Apply”, updated October 9, 2026.