As everyone else, I applied online with my CV and a cover letter. Right after you submit your application, you will receive an email asking you to complete online tests within 48 hours. I had Numeracy, Verbal Reasoning, Logic as well as Accuracy tests. About two weeks later, I received an email from HR requesting a telephone interview, which was set up and held a week after. I'm writing this now as I've just finished the interview and they will take some time to get back. All in all, it was nerve-wrecking, but you have to stay calm and answer confidently. The interviewer was really nice, laughed a lot. Remember to ask questions at the end! Questions included: -Why Morgan Stanley -Who are our competitors -Why this division -What does this division do? -What regulatory agencies are we under -If you have to sell yourself to me, what are the three most important impressions you want me to walk away with? And what are three areas you're improving on? -Describe a time you have to work under a tight dateline -Describe a time you worked in a multicultural team -How do you balance studies and extracurricular activities -What are the three things you enjoyed about your previous internships, and what are three things you wished you did? -What are the three things you hope to gain from this industrial placement? -What do you understand about capital and liquidity?