Online application with standard assessment tests (numerical and inductive reasoning).
First round interview: Phone interview about competencies. Questions like: -Describe a situation where you suffered a setback?
Describe a situation where you took initiative?
etc.
Second round interview: Was flown in to London office for face to face interview. First part of the interview was an individual presentation for 5-10 minutes about a case where you had 30 minutes to prepare for. Mine case was about Burberry. Knowledge about finance is not mandatory, but it will certainly help you. Second part of the interview is about your CV and yourself, prepare for random brain teasers!