Morgan Stanley Real Estate Interview

dajiangjun's picture
Rank: Chimp | 7

I got into the 2nd round interview with Morgan Stanley Real Estate Investing Summer Analyst Program. It is based in Hong Kong and anyone can help me for more insights on that? I found there are not a lot of resources on Real Estate related interviews from internet compared with IBD and S&T.

Comments (12)

Mar 19, 2010

i havent interviewed msref, but i think i can help you out.

as a summer analyst, you def wont be expected to know much. its funny bc any dartmouth schmuck with a degree in romance literature could tell any interviewer the relationship between a balance sheet and income statement and statement of cash flows because of the info thats so readily and easily available. not so for re finance.

but youll probably impress them with some basic financial re knowledge. prepare by knowing the following:

*cap rate, what is it and why is it relevant

*net operating income, what is it why is relevant, bonus points if you can calculate it from some basic assumptions

*debt service coverage ratio, same

*loan to value ratio, same

*keep up on re mkt trends, obviously (msref just gave up ownership of a couple buildings in San Fran, if i am not mistaken)

*obviously know the basics of dcf with respect to real estate and finance in general

and that should be good for now, you should be able to figure out the rest. again, i never interviewed with msref so i couldnt tell you exactly what to expect and how much they would expect you to know. but if i were interviewing an SA at my fund, knowledge of these metrics would impress me.

man made the money, money never made the man

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Mar 31, 2010

Thanks a lot for your help mr1234, though I got rejected after 2nd round. It is mainly due to my mistakes on couple of behavior questions.

Mar 21, 2010

You the TG Na~

I am gonna Help You Out~

BUMP.

    • 1
Mar 21, 2010
yw5cy:

You the TG Na~

I am gonna Help You Out~

BUMP.

what is this dogshit?

    • 1
    • 1
Mar 19, 2010

ah! bummer, dude.

what kind of behavior questions did they ask? anything new and interesting or the same old shit? i am actaully in the middle of interviews myself, i could use a refresher.

man made the money, money never made the man

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Mar 31, 2010

Sf or ny?

Pursuit of happiness...

Mar 31, 2010

sf

Mar 19, 2010

is this for msref?

i never interviewed with these guys, but usually groups like msref prefer you have a stronger understanding of finance than real estate. ideally, i think you should demonstrate both.

*know DCF like the back of your hand, obviously.

*how to calculate NOI. basically, noi = rental revenue - operating exp. (try looking up 'real estate property level pro forma analysis' on google)

that's pretty much minimum of what you should know to sound like you know what you are talking about. anything above and beyond that would really impress your interviewer. you can figure out the rest on your own. good luck.

man made the money, money never made the man

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Mar 31, 2010

what do the real estate group pull in for pay?

Mar 31, 2010

I've interviewed with MSREI in HK. For technicals, they asked wacc, dcf, noi, cap rate (what factors influence it?), how to use vlookup in excel (which i have no idea), what are the ratios in RE firm's financial statements should you pay more attention to, how to value a building. Yeah that's pretty much about it.

FYI I am in engineering so if you are from B-school you should see those above as minimum requirements.

Mar 31, 2010
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