I applied through university. The process took 1 day. I interviewed at Allianz (Minneapolis, MN) in Oct 2010
Interview
Spoke with a few actuaries at an on site information session, and was given an on campus interview. Interview was conducted by two actuaries, one FSA and one ASA. They mostly asked standard questions:
Let us about yourself? Why do you want to be an actuary? Why life vs P&C? Both interviewers were polite and personable.