Morgan Stanley’s investment bankers work within Institutional Securities, which includes M&A advice and debt and equity financing. The firm also has major Wealth Management and Investment Management businesses. You should understand this broader model while keeping your answers relevant to investment banking.
Expect questions that test behavioral judgment, firm motivation, transaction knowledge, market awareness, and core technical skills. The emphasis varies by office, group, seniority, and recruiting cycle. Prepare to connect technical analysis with client consequences instead of memorizing isolated definitions.