I applied through college or university. The process took 2 days. I interviewed at DCP Midstream LP (Houston, TX) in Oct 2012
Interview
The interview process was relatively harmless. This is a Post-MBA job so for the most part they know that you are qualified for the job. You should come prepared with basic industry knowledge and some finance/accounting wouldn't hurt. The second round interviews were a half day of interviews with each interview lasting 20-30 minutes with 3-4 interviewers in each room.
Interview questions [1]
Question 1
They ask a lot of leadership questions. Beef up on your stories to be able to tell a consistent message.