Applied through university. Got an interview. They interviewer came to the university to do an interview. Not very long, 30 minutes. Was then sent an email asking if I would accept the offer if given. I agreed and I was given the offer through the university. It was pretty much the same process as getting a job from any other employer. The only exception being that I was contacted outside of the university system asking if I would accept the offer. Then if I rejected it, they could formally offer the job to someone else.

Phone interview consisting of several market related questions such as "what is going on in the economy?" "why has the Canadian dollar at a 5 year low?" etc. The interview team was nice and had a sense of humour which is always good. I wasn't offered the position but it was a great opportunity to interview for their institutional equity desk.