I applied online. The process took 4 weeks. I interviewed at HSBC in Jun 2015
Interview
M&A Internship in the Paris office. Fairly easy, with 2 rounds, first with an analyst and associate (mostly technical questions), second with a VP then MD (mainly fit and motivation)
1st round: self intro with HR .
2nd round : some basic understanding of department campaign and some about the cv ( not very hard and takes about 30 min)
3x 30 minute interviews with competency, finance technical and case study followed by qna. Assessment centre had 4 of us total though interviews were 1 to 1. Tiring but a good experience
Virtual interview. 3x 30 minute interiews for VAC. Variety of interviewers at each stage. Commercial awareness is present in the interview, so make so sure you understand and know current events.