At first there was a phone interview: some personal (about CV and why Morgan Stanley, what do you know about the company, history, CEO) and many basic technical questions (about financial instruments, derivatives, options, futures, forward contracts, pricing questions, easy computations, mathematical questions - covariance, correlation, distributions, questions about excel knowledge). Of course the whole interview was in English.
Than came an AC with technical, interpersonal and HR interviews and a complex case study that we had to solve together with other applicants in a team.