Hi all, i have a super day coming up for equity research at Morgan Stanley. What Technical and overall questions can i expect for this interview?

Based on the most helpful WSO content, here are some insights and potential questions you might encounter during your Superday for Equity Research at Morgan Stanley:

Technical Questions

1. Stock Pitch: Be prepared to deliver a concise and well-structured stock pitch. This is a common requirement in equity research interviews. Make sure to:
   • Define the company and its industry.
   • Discuss its competitive landscape, market size, growth trends, and key drivers.
   • Highlight why you believe the stock is a buy/sell/hold.
2. Valuation Techniques:
   • Be ready to discuss valuation methods like DCF (Discounted Cash Flow), comparable company analysis, and precedent transactions.
   • You might be asked to explain how you would value an established industrials company versus a tech start-up and why.
3. Market Trends:
   • Expect questions about current market trends or recent transactions that interest you. For example, "Talk about a recent transaction that has interested you."
4. Finance Terminology:
   • Be prepared to define key terms like WACC (Weighted Average Cost of Capital) and explain how to calculate it.

Behavioral and Situational Questions

1. Problem-Solving:
   • "Talk about a time when you thought something wasn't right and how you approached the problem and found a solution."
2. Interest in Morgan Stanley:
   • "What about Morgan Stanley makes you want to work at our firm?"
   • "What do you expect to gain from the equity research role?"
3. Future Goals:
   • "Where do you see yourself in five years’ time?"
4. Handling Pressure:
   • "You have 10 minutes before you’re due to give a presentation. What do you do?"

Preparation Tips

• Industry Knowledge: Have a specific area within an industry you can speak about in detail. Understand the competitive landscape, market trends, and key players.
• Client-Focused Thinking: Be ready to discuss how you would tailor your research to meet client needs.
• Questions for the Interviewer: Prepare thoughtful questions to ask at the end of the interview. Avoid generic or overly technical questions that might come off as trying too hard.

Good luck with your Superday! Make sure to practice your stock pitch and brush up on both technical and behavioral questions to stand out.

Sources: J.P. Morgan - Video Interview Invitation Corporate & Investment Banking Summer Analyst, Investment Banking Interview Questions - 15 Answers to Land the Job, Morgan Stanley 2019 SA Megathread, Advice Please! Growth Equity Interview Questions?, J.P. Morgan 2019 IBD Video Interview