I interviewed for the Operations Analyst position in December of last year. The interview was relatively easy. It consisted of an on-campus interview on-site and another 2 1:1 interviews before they split us up into a team to work with legos. The puropose of the exercise was to see how we would as a team. They tell you to remember where everythnig goes and you only have about thirty seconds to rememberize where all the lego peices go. The trick is to come up with a plan to build your own model and your own idea. Esentially they want creativity and teamwork. Morgan Stanley is a great company although they are beginnig a series of upcoming layoffs, but the feedback between HR takes way too much time. I have heard this from a number of other people. Most people take other offers by the time the process concludes because the delay is too long.