I applied through an employee referral. The process took 2 weeks. I interviewed at Deloitte (Hyderabad) in Apr 2009
Interview
Two hiring activities - campus and laterals. Lateral hires are mostly employee referrals - make sure you get your resume through to someone in your network in the advisory team.
In the campus, preference is given to people who have long-term interest in finance and valuation, and attitude.
For laterals, preference is given to people who can establish long-term interest in valuation.
Read Damodaran in and out.