I applied through college or university. The process took 2 weeks. I interviewed at DRW in Sep 2014
Interview
I submitted my resume through campus career service's website. I was contacted a couple of weeks later to set up a phone interview. The initial interview is intense. The interviewer, a current trader, was at times adversarial and rude, while at other times funny and super laid back. Expect a lot of questions about why you are interested in trading, what you want to trade, and financial markets in general. There are several brain teasers and guesstimates thrown in with other random questions, but I didn't find them too tough. I think more than anything they are gauging confidence, so just be firm in whatever your answer is, even if it's wrong.
I applied online through their website
First round interview with direct manager
Second round interview with multiple people across teams back to back
Didn’t make it through the second round
I applied online. The process took 4 weeks. I interviewed at DRW (Chicago, IL) in Nov 2017
Interview
Rounds for trading analyst intern were: online assessment involving mix of statistics and probability questions, phone screen, super day involving multiple rounds (these were a mix of behavioral and technical questions)
I applied online in September 2017. First round is 30 minutes challenging test. Basic probability problems. Second Round is 20 minutes webcam interview. Mostly are behavior questions. Nothing heard back until now.