For obtaining a spring week, there is a phone interview it is mostly comprised of walking them through your cv, your motivations for joining equity research, and any economic news you might be following (they might want you to mention any economically significant developments you have seen in an industry/ any stocks you might be following etc)
Interview questions [1]
Question 1
Why are you interested in equity research specifically and not investment banking or sales and trading?
I interviewed at Morgan Stanley (New York, NY) in Mar 2026
Interview
auto hirevue interview: includes two retries per question, three total questions with three minutes to respond & ~1 minute to prepare. Typical ordinary hirevue questions with 48 hours to submit
The interview process was fairly straightforward for the first-round which was conducted on Hirevue. It was a total of two questions, and you are provided with 2 attempts per question.
resume and Cover letter submission, games, phone interview, then final interview with 5 standardized questions. did not get asked why ms? just time management and what i hope to gain
Interview questions [1]
Question 1
Which coverage area would you want to research and why?
Equity Research Intern applicants have rated the interview process at Morgan Stanley with 2.8 out of 5 (where 5 is the highest level of difficulty) and assessed their interview experience as 88% positive. To compare, the company-average is 62% positive. This is according to Glassdoor user ratings.
Candidates applying for Equity Research Intern roles take an average of 60 days to get hired, when considering 9 user submitted interviews for this role. To compare, the hiring process at Morgan Stanley overall takes an average of 27 days.
Common stages of the interview process at Morgan Stanley as a Equity Research Intern according to 9 Glassdoor interviews include:
Phone interview: 44%
Background check: 11%
IQ intelligence test: 11%
Personality test: 11%
One on one interview: 11%
Skills test: 11%
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