I applied in-person. The process took 4 weeks. I interviewed at Morgan Stanley
Interview
Two interviews, one with local manager, one with regional manager. Interviewing was what you would expect, with nothing unusual, involving an informative exchange of information.
I applied through an employee referral. The process took 5 weeks. I interviewed at Morgan Stanley (Riverwoods, IL) in Aug 2010
Interview
I found the interview process to be grueling. I had 5-interviews prior to being hired. I was asked to put together a business plan and verbally support it in one of the interviews. I did feel that I was disrespected by waiting over 45 minutes to 1.5 hours beyond my appointment time and my interviewer's attention was not 100% focused on me since he was also a producing manager and would take calls during our interview.
Interview questions [1]
Question 1
The request to come back the next day with a powerpoint presentation of a business plan to argue.