I applied through college or university. The process took 1 day. I interviewed at J.P. Morgan in Oct 2011
Interview
I was brought in to interview after attending their information sessions on campus. Built a good network with the recruiters. The interview panel consisted of one of the guys from the session and another HR guy. Questions were mostly behavioral, they asked about my internship experience and campus involvement. Were very professional and nice. Got an email a week later saying they could not continue the interview process because of my visa requirements.