I applied through university. The process took 4 weeks. I interviewed at UBS (Stamford, CT) in Feb 2013
Interview
I applied online and got a first round interview at school. Since I went to a "UBS Days" event a month before, I had already met the interviewer and knew him decently well so the first round was very short and quick and was basically guaranteed second round. He did ask one question which was how do you create a website which is very simple and straight-forward. Second round was on their campus which was two one on one interviews and a group activity which is just sitting in a room with the other candidates discussing a problem they gave you. There were surprisingly no technical questions whatsoever but all behavioral
Interview questions [1]
Question 1
There really were none. 1) how do you make/setup a website, 2) tell me a time when you worked on a team (outcome etc), 3) run me through your resume