I applied through university. The process took 2 weeks. I interviewed at Citi (New York, NY) in Feb 2013
Interview
after passing on campus interview, you will come onsite, which begins with a 30 minutes math test and then interview with 8 people from different desks, they can be senior trader/quant/researcher, one of them will ask coding questions. It depends on the personal style of each interviewer, overall it is quantitative.