I applied through university. The process took 3 days. I interviewed at Vimeo
Interview
To start, a recruiter will call you asking you basic questions about your resume, which is the usual stuff. This happened about 2-3 weeks after seeing them in a campus job fair. Once you pass this process, you will be asked to complete a short coding test to see how you think. Passing that will grant you a call from an engineer who will ask you further technical questions. All of this was done over the phone.
Interview questions [1]
Question 1
Questions regarding basic object oriented principles were asked (Polymorphism, design principles, data structures, algorithms, etc). After this you will be asked to "create" a system over the phone. As with any large scale media sites, its all about speed, and reliability. Know as many aspects of these things as possible, as they will ask you to design a basic system that does one of these things.