Morgan Stanley Fixed Income Internship Interview

Does anyone have any experience interviewing for the summer internship with Morgan Stanley Fixed Income? What kind of technical questions should I expect? Any general advice? I searched WSO but couldn't find too many relevant threads for the Summer Analyst position. Any help would be really appreciated.

35 Comments
 

know basic things what is the long bond, duration, relationship between interest rates and bond prices. You're not expected to know everything but definitely know the basics.

"I'm tapped out Marv. American Express has got a hit man lookin' for me." - Bud Fox
 

I know their fixed income has been torpedoing the firm.

Ace all your PE interview questions with the WSO Private Equity Prep Pack: http://www.wallstreetoasis.com/guide/private-equity-interview-prep-questions
 

same question... first round phone interview for FID.

Is it superday right after this?? I need to get back to another offer.... Is MS FID really not worth considering, since the general sentiment is they're not so good in FICC anymore?

I don't accept sacrifices and I don't make them. ... If ever the pleasure of one has to be bought by the pain of the other, there better be no trade at all. A trade by which one gains and the other loses is a fraud.
 

if you don't have a business background, I wouldn't worry too much about technicals (ie - yield curves, bond pricing, etc). Know whats happening in the markets (should be easy right now), and make sure your mental math is sharp. Reading over previous threads on brain teasers would also help.

 
Best Response

Don't worry about the rolling basis, MS is expanding a bit aggressively in FI. I went through a superday on 12/3, don't worry that there aren't spots left still. From how many superdays they've had it's clear that they'll take virtually as many people as they like enough to give an offer.

Don't ask for an earlier one, you're not in the accelerated process so there isn't much flexibility, i.e. they won't build it around your schedule since you're not in finals or leaving the country shortly. Do your prep and show up ready to ball.

I am permanently behind on PMs, it's not personal.
 

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