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Most of what he writes is very true...
I can confirm that Morgan Stanley does NOT look for compassionate or creative types for IB jobs. The individuals they like tend to be assertive, confident, quick, and VERY smart. Plus they thrive under pressure and don't mind long hours. Workaholic types are welcome. It's true that you don't need a business degree. What he's not quite clear about is the role of the target school. If you go to a target school (Ivy, MIT + Stanford), you really don't need to worry about your major. Those who go to non-targets have very little chance - they cherry pick and might take one or two per year from the big stage Us and publics. And those are pretty amazing kids...
Regarding using SATs, I think some banks may do this. They also ask strange questions like " Why is a manhole cover round?"
Some of this is to see if you can think on your feet - and it's also a test of how you respond to pressure.
The interview process IS brutal - and so are the jobs. After a while, as an interviewer, you get a feel for who will do well and who will not. There's a profile. If you don't fit it, it's probably best that you didn't get the job.
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