How hard is it to get an Investment Banking Analyst offer at Morgan Stanley?

In candidate-reported interviews for this role, the most common difficulty level is average, with an offer rate of 27%. Across 69 reported interviews, this means you should expect a competitive process rather than an easy screen-to-offer path. Plan for multiple technical and fit checkpoints rather than treating any single round as the main hurdle.

What are the interview rounds for Morgan Stanley Investment Banking Analyst, and what happens in each?

The process typically runs from an Online Assessment to a HireVue video interview, then a Phone Screen, and finally a Superday. The Online Assessment tests numerical and verbal reasoning. HireVue uses 3 to 5 prompts on behavioral scenarios and market views, the Phone Screen is a 20 to 30 minute call with a Vice President or Associate focused on technicals and your resume, and the Superday is 3 to 6 back-to-back interviews covering technicals, behavioral fit, and market awareness.

What technical topics does Morgan Stanley test for Investment Banking Analyst interviews?

Common tested topics include DCF valuation and valuation methods like comparable and precedent transactions, plus three-statement financial model linkage. You should also be ready for accounting fundamentals and how financial statement mechanics connect, including NPV calculation and net present value thinking. M&A drivers, valuation approaches, and integration of analytical skills with communication also show up in the top topics.

How much does a Morgan Stanley Investment Banking Analyst make, and what pay ranges should I expect?

Candidate and job-posting reports show base pay starting around $110k, with total compensation reported up to $287,097. Reported total compensation can vary by level and location, so focus on the base plus the possibility of higher total comp rather than any single figure.

What should I prioritize when preparing for Morgan Stanley Investment Banking Analyst technical interviews?

Prioritize being able to explain core valuation workflows, especially DCF and how valuation methods compare conceptually, since these are top topics. Also focus on three-statement linkage and accounting fundamentals, because technical prompts can connect depreciation, financial statement mechanics, and valuation outputs. Finally, practice concise communication for analytical work, since the role explicitly combines technical analysis with client-facing communication expectations.

What kinds of questions might I see in Morgan Stanley Investment Banking Analyst interviews?

In public sample questions for this role, candidates report prompts like “Valuation: Value a Sports Team” and “Campus Involvement.” More broadly, the loop includes HireVue prompts with behavioral scenarios and market views, plus Superday interviews that mix technicals with behavioral fit and market awareness. Use these sample question types to guide your practice for valuation estimation and role motivation answers.

Morgan StanleyInvestment Banking Analyst

Updated Jul 9, 2026

Morgan Stanley Investment Banking Analyst Interview Experiences 2026

Real, anonymous reports from people who interviewed for Investment Banking Analyst at Morgan Stanley, newest first and distilled into what to expect across the loop.

Get your personalized Morgan Stanley Investment Banking Analyst prep plan

Answer 3 quick questions and we will build a free study plan with the exact topics and questions to focus on.

Build my free plan

Hot & recentNewest first

3 months ago

Easy Negative London, England

My interview journey started with a screening step, then moved into two interview rounds followed by an assessment centre. The structure felt straightforward and clearly mapped out, even though it came with that competitive pressure that made it feel serious. I noticed a bit of an ice-cold feel from some interviewers, but the overall flow stayed organized.

Across the early interviews, the questions leaned toward what I’d done before and how I’d apply it, with an emphasis on technical questioning and how my past experience connected to the role. I kept getting prompts that were situation-based—how I’d handle uncertainty or respond if I wasn’t given clear guidance—alongside more traditional “why this firm” and “walk me through your experience” style questions. Even when the topics sounded familiar, the delivery made it clear they were looking for substance.

5 months ago

Difficult Neutral Budapest

My process started with a short HR call, around 20 minutes, focused on basics like availability, why this firm, and even why a specific location. The technical interview that followed with a London-based senior employee was a lot more intense. It covered typical investment banking topics, with both theoretical questions—like explaining types of debt and walking through valuation methods in detail—and practical, pen-and-paper calculation work.

After that, I felt the pressure rise because they expected me to be precise and to show my reasoning, not just give definitions. It was clear they were trying to judge both my knowledge and how I perform under a structured, fast-moving interview format. I didn’t get the offer, and the honest reflection I’m left with is that I underestimated how much they would lean on full-stack technical explanation and calculation skills in the later stage.

Unlock every Investment Banking Analyst interview experience

Real Investment Banking Analyst interview experiences

Difficulty, sentiment and outcomes
New reports added every week

See all experiences

Share your interview experience

Interviewed here recently? Add yours to help the next candidate. You'll appear as Anonymous.