I applied through college or university. The process took 1 day. I interviewed at BlackRock (New York, NY) in Feb 2011
Interview
no behavioral questions were asked. got right to the meat of it. economy-based questions, market questions, derivative questions. the effect of interest rate on different securities. monetary and fiscal policy. current events. predictions. however, more interested in the reasoning than the correct answer. will ask questions based on what you know from your resume