I applied online. The process took 2 months. I interviewed at Morgan Stanley (Memphis, TN) in Jul 2010
Interview
Called by Branch Manager Asst. to set interview. Interviewed for 20 minutes and passed to next level. E-mailed an assesment test and business plan to complete from home.
I applied through a recruiter. The process took 6 months. I interviewed at Morgan Stanley (Dallas, TX) in Mar 2010
Interview
Very detailed as there are many SEC and FINRA regulations. They WILL do a background check so don't lie or leave out details. You will have to win over the heart and trust of the Branch Manager. If you have him or her you then you've pretty much got the cat in the bag.
Interview questions [1]
Question 1
Prepare a business plan. Then come up with a ton of people who you think will be prospects that you can call on. They prefer to see clients that will have $250K+ in investable assets.