I applied online. The process took 2 weeks. I interviewed at UBS in Oct 2011
Interview
I applied online and received an email to set up a phone interview. At the end of the phone interview I was asked to schedule a one on one interview at their offices. A day after the in-person interview I received an offer, pending a background check and drug test.
The process took 1 day. I interviewed at UBS (New York, NY) in Jan 2010
Interview
After sending resume got a phone call for 1:1 interview.
Just asked if I interned before and when I could start.
They offered me the position, but only could really start working for them if i pass background and drug test.
Everything went very smooth.
Really nice people and even though I didn't get paid (only school credit) they bought me lunch every day.