I applied through university. The process took 2 weeks. I interviewed at Morgan Stanley (New York, NY)
Interview
After an initial phone screen (30-45 minutes chatting about background, why I applied, etc), was invited to the office for several rounds of interviews. Interviewed the analyst, associate, and MD under which I'd be working. They were all really friendly, much better than other banks.
Interview questions [1]
Question 1
If you won the lottery tomorrow what would you do with the money?
It had 3 rounds. Second round was Technical with VP and AVP. VP asked questions about the product. Second asked brain teasers. The interviewers were interesting and asked good questions.
Interview questions [1]
Question 1
Brain Teaser. It was about 9 balls and finding out which ball weighed the most using the weighing scale