If anyone is interested in knowing how did I enter Morgan Stanley as an analyst this year (2012) or how it was like during the interview (Hong Kong IBD), just drop me a message.
GSbanker: I have replied your message, please check.
Heinrico: Generally speaking, you don't have to- unless for you wish to work in the research department which they prefer master/even phd students (for quantitative research). I only had a bachelor degree and I will start working in the investment banking division (IBD) soon.