There was a phone screening with a recruiter (which was rescheduled a few times due to logistical challenges of international calling), followed by a 45-minute behavioral interview with the recruiter, and a 1-hour interview with a manager which was a mix of behavioral questions and case/technical questions. MS works (at least in the US) mostly with banking, and I didn't have much particular interest or experience in banking which I think showed and hurt me (they asked specifically about this in every stage).