I applied through college or university and the process took 3 days - interviewed at PepsiCo in January 2012.
Interview Details – This was through MBA recruiting, so I submitted a cover letter and resume and was able to "bid" to interview (a separate group was selected by the company, but this seemed not to have a huge influence on who was offered a job). It was a 2:1 interview with of case-based and behavioral questions
Negotiation Details – There was no negotiation, and I wouldn't recommend it generally for an internship offer. Hopefully negotiation happens next year!
I applied online and the process took 1 week - interviewed at PepsiCo in July 2009.
Interview Details – behavioural questions
Negotiation Details – none
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