Capital One Employee’s: How will they ever make the McLean towers safe to return to?

[Anonymous]

I think at well paid Sr Director can make $300k+ (bonus included). I accidentally saw my boss’ numbers and their base was $287k

[Anonymous]

Director can hit $300 or close to it. With bonus.

[Anonymous]

Anonymous wrote:Director can hit $300 or close to it. With bonus.

In Risk/Compliance you would have to be hired externally at the top of the pay band and get an Exceptional rating to get close to that...

[Anonymous]

Yeah a few rare ones, like 5% of Sr Directors come in that range with bonus. Rest of them are around 200-250K.

[Anonymous]

Anonymous wrote:Yeah a few rare ones, like 5% of Sr Directors come in that range with bonus. Rest of them are around 200-250K.

For Sr Director? In what group?

I don’t know a single Sr Director in card making less than $300K. Not a one.

Maybe in IT or Ops it pays less ?

[Anonymous]

Yes, in IT. Cards division at Capone is one of the best paid(creates about 75% of the revenue) but also have a lot of fat. This would be one of the first areas that could get cut.

[Anonymous]

How do you transition into cars from a mortgage background?

[Anonymous]

Pp meant card

[Anonymous]

Anonymous wrote:How do you transition into cars from a mortgage background?

Easier at the analyst/manager level but a but difficult at the higher level thought I have seen a lot of directors that are loafers at Capone.

[Anonymous]

Anonymous wrote:How do you transition into cars from a mortgage background?

Within COF or from outside?

They hire generalists - background doesn’t matter. You can be a pastry chef and if you pass the case, you are hired.

[Anonymous]

what do you mean by a case? You mean the hiring interview is based on behavioral questions?

[Anonymous]

Anonymous wrote:what do you mean by a case? You mean the hiring interview is based on behavioral questions?

No, it’s a case interview primarily. The behavioral interviews are easy. The cases tend to be harder.

For instance, they might say something like “You are opening a ferry service between two cities in Australia. It allows for up to 100 people per trip and it takes 30 minutes each way. How do you price it?”

The candidate should infer there are alternatives, they should figure out what those are and how they compare in terms of speed. Then you come up with a price and they’ll feed you more info like “Despite you price and faster service, you are losing money. What might be the cause ?”

And the candidate should start listing profit equations and hypothesizing where the costs are, after which they’ll give you a bit more info. Etc.

Eventually you’ll get to a point where the questions become “Okay, so let’s say a competitor opens up a service that costs $5 per trip and takes 20 minutes, plus a 5 minute $2 bus ride to get to them, what price would you have to price at for a hypothetical customer to be indifferent?”

It requires math, algebra, some thinking and ability to structure your framework. The vast majority of candidates do not pass. For a while I was referring candidates with a 20% pass rate and was the #1 referrer in the company as a result. It’s historically been much lower.

[Anonymous]

Anonymous wrote:

Anonymous wrote:How do you transition into cars from a mortgage background?

Within COF or from outside?

They hire generalists - background doesn’t matter. You can be a pastry chef and if you pass the case, you are hired.

From outside. I’m at one of the GSEs director level

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How do you transition into cars from a mortgage background?

Within COF or from outside?

They hire generalists - background doesn’t matter. You can be a pastry chef and if you pass the case, you are hired.

From outside. I’m at one of the GSEs director level

That’s more than close enough. Just apply.

[Anonymous]

Anonymous wrote:

Anonymous wrote:what do you mean by a case? You mean the hiring interview is based on behavioral questions?

No, it’s a case interview primarily. The behavioral interviews are easy. The cases tend to be harder.

For instance, they might say something like “You are opening a ferry service between two cities in Australia. It allows for up to 100 people per trip and it takes 30 minutes each way. How do you price it?”

The candidate should infer there are alternatives, they should figure out what those are and how they compare in terms of speed. Then you come up with a price and they’ll feed you more info like “Despite you price and faster service, you are losing money. What might be the cause ?”

And the candidate should start listing profit equations and hypothesizing where the costs are, after which they’ll give you a bit more info. Etc.

Eventually you’ll get to a point where the questions become “Okay, so let’s say a competitor opens up a service that costs $5 per trip and takes 20 minutes, plus a 5 minute $2 bus ride to get to them, what price would you have to price at for a hypothetical customer to be indifferent?”

It requires math, algebra, some thinking and ability to structure your framework. The vast majority of candidates do not pass. For a while I was referring candidates with a 20% pass rate and was the #1 referrer in the company as a result. It’s historically been much lower.

Trying to understand what's the logic behind case-based interview and what level is this at? I have seen a few associates coming in and none of them has to give a test like this because they wouldn't have passed but still here. LOL