I applied through college or university. The process took 1 day. I interviewed at Citi (New York, NY) in Jan 2012
Interview
It was very market based. I was asked a lot about commodities (gold, oil and natural gas) as well as about the yield curve. Make sure that you are up to date about Current events. Very little behavioral.
Interview questions [1]
Question 1
What is the price of Natural Gas? where was it six months ago? Where will it be in a year from now?
1 interview, then openday with 3 interviews. First one quite easy, openday a bit intense with different questions and themes approached. Process lasted more than 2 months, however HR was quite helpful and responsive.
Interview questions [1]
Question 1
Motivation, different types of derivative questions etc.
It was a really good interview process that I really liked and enjoyed doing. The first round was very casual and the questions werent challenging in the slightest. It felt low pressure or stress
They asked a mix of behavioral, technical and market questions. Pretty standard interview, no huge curveballs. There were a few brain teasers and mental math questions, no paper pen allowed.