Morgan Stanley IBD Training Exams

A lot of you have been asking, so I figure I' d just lay it out here. I'm not at MS, but the exams are the same for everyone across the street (i.e. banks generally use the same consultants to do training).

Tests are you usually given every week on topics covered during that time (accounting/valuation/basic modeling/etc.). At my firm, if you failed an exam you got to take it again. I remember friends at MS saying that they had to go in on Saturdays if they failed where they would do review and take a make-up.

I'm sure other people can elaborate on this and more specifically at MS. I know in years past, some firms have used these exams in decision processes for group placement and/or continuing of employment. I don't think it' had a huge effect at my bank.

Series 7 and Series 63 are more important. If you fail more than once, they usually fire you. Mostly because the time period between taking an exam for the 2nd and 3rd times is something like 60 or 90 days.