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deeplus
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Morgan Stanley Strats and Modeling

September 25th, 2011, 6:34 pm

I have a written test for 90 mins covering math, finance and programming. Does anyone know what to expect?Thanks,
 
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SierpinskyJanitor
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Morgan Stanley Strats and Modeling

September 25th, 2011, 7:04 pm

Really depends, bb banks have strict requirements rgd specific biz-units. If this role falls under Equity you might expect something completely different than Ficc or Risk. Differences are found even during the preliminary phases, so if you weren't given any other Intel, just follow Crack and Joshi's interview guides. Good luck!
 
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deeplus
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Morgan Stanley Strats and Modeling

September 25th, 2011, 9:49 pm

Thanks SierpinskyJanitor for your reply. At this stage the test is supposed to be generic. Only after passing the test will I be called for interview. Then they might let me know what specific area I will be interviewing for. I am reading Crack et al right now. Thanks
 
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SierpinskyJanitor
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Morgan Stanley Strats and Modeling

September 26th, 2011, 8:46 am

Cheers Deeplus,forgot to mention something, you will be asked to write down your solutions, and is absolutely fundamental that you leave an audit trail of your thought-process behind, because this will be used during the subsequent analysis. Even if something looks pretty obvious - believe me, nothing won't - then you must clearly write down every assumption you make, using legible handwriting. Also, once the test is finished, take home with you a brief description of what the problems were about and how you did manage to go through. Someone else further down the interrogation process might invoke these exercises, actually, if they have a really good process running, at the very end, you will be confronted with these problems again, but now, with a fresh new approach. Cultural indoctrination from the very outset: the interviewing process tells you a lot about what to expect from any given bank - sometimes its not even about giving the "right" answer but the underlying approach, and for that, you need an "audit trail".the most important thing to bear in mind is: Do. Not. Lie. If you don´t know something, just say it, and then think about it. Trying to bs your away around questions is a killer. For quant/IT roles, humility pays off, arrogance is punished down to the level of personal humiliation if needed.
Last edited by SierpinskyJanitor on September 25th, 2011, 10:00 pm, edited 1 time in total.
 
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deeplus
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Morgan Stanley Strats and Modeling

September 26th, 2011, 7:14 pm

I took the test today. 100 questions to be answered in 90 mins. Questions covered FI, Options, Probability, Stochastic Calculus and C++. Questions were very tough and time was definitely not enough to solve all of them. There was also 0.25 points penalty for wrong answers.
 
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SierpinskyJanitor
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Morgan Stanley Strats and Modeling

September 26th, 2011, 7:21 pm

Awesome! Well done. Were these multiple choice? More importantly did Crack help?
Last edited by SierpinskyJanitor on September 25th, 2011, 10:00 pm, edited 1 time in total.
 
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Bolzano
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Morgan Stanley Strats and Modeling

October 14th, 2011, 8:10 pm

Hi all,I took the MSSM exam and I'll be having the phone interview. Does anyone knows what kind of question will be asked and how to prepare most efficiently ?Thanks guys.
 
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casio
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Morgan Stanley Strats and Modeling

March 21st, 2012, 12:53 pm

hey deeplus, can you shed more light on how I should prepare for this exam? Thanks
 
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RoniNYC
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Morgan Stanley Strats and Modeling

October 23rd, 2012, 3:10 am

I have the test next week, you guys know how to study for the finance/economics questions?I heard these questions with futures/forwards or simple pricing questions can be very very tricky... any recommendation for a source to solve some of those questions? I was thinking to do some CFA sample questions... but can't find a good source online :\