I applied online. The process took 3 weeks. I interviewed at UBS in Nov 2014
Interview
I applied via the website after attending the 2014 APAC Information and Networking Session.
Afterwards there was ONLY the SHL Numerical Reasoning test (2013 ver.).
Recieved a Telephone Interview a few weeks later conducted by a graduate trainnee from a year ago. Questions given were the following (4 questions):
1) Why you and not the other candidates?
2) Have you been interviewed by other banks so far?
3) What problems would there be for merging firms.
4) Propose a realistic merger of two firms.
Final words were - Do you have any questions for me?
I was promised a 30min - 1 hour interview via the email. However the telephone interview lasted for a total of 24 min.