I applied through college or university. The process took 1 week. I interviewed at BlackRock (New York, NY) in Feb 2008
Interview
Interview questions were generally behavioral. A great deal of emphasis was placed on a long-term interest in asset management specifically (i.e.-- candidate should be committed to the field for several years and not harbor desires to leverage over to IBD or S&T at another shop). There were no "technical" questions, per se, but there were a few "gotcha" questions-- was asked what the Dow Index was at that morning, what the US 10 year was, etc. etc. Interviewer was not looking for decimal-level accuracy, and was instead gauging how closely one followed the markets in general. A few generic questions about where I foresaw markets going over the next 12 months, etc.-- he challenged a few of my points presumably to see how I could think on my feet. Generally he was a nice guy and the interview was casual.
Interview questions [2]
Question 1
Approximately, what is the Dow at this morning? What is the 10-year treasury trading at? What is the S&P 500 trading at?
1 phone interview - recruiter asked me after to send her my availability and she never gotten back to me. waste of time, followed up with her like 4 times.
three rounds, phone screen by managers, on site 1 hour, task 1 hour, final round 1 hour. technical and behaviour both, hard, tension. good experience, but stressed period.good culture, good development.
I had one superday of 4 interviews. Questions were mostly behavioral. Tons of variations on the main behavioral questions. One technical question but it was very light technical. No live problem solving. Felt more like a vibe check.