Who has better benefits - Freddie Mac or Capital One?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Capital One no doubt. Not even comparable.

source: ive worked at both.

Can you give examples of benefits at CapOne?

-Another Poster

WFH as much as you want
6 figure bonuses at Dir level and up
Deferred comp plan for people with enough pay
7.5% 401K match
Subsidized lunch
Unlimited vacation
Good health bennies
Easy low stress 30 hour a week job

What is your role at CapOne? My spouse is "Dir level and up" and WFH as much as you want is not true, nor is 6 figure bonus (10-40 seems about what to expect for the vast majority of Directors). Our copay is far higher than the last two jobs that provided insurance. 30 hours a week is also not even close to what they work - more like 40-55.

Business analyst family of jobs. 6 figures is with stock and VS rating. It might be a bit lower at S. A $10K bonus makes no sense. We pay first year analysts that much in bonus. $20K bonus is normal for a Sr associare level. $40K is a good bonus at manager level and I think roughly target bonus at Sr Manager. You spouse is lying about their bonus, is underperforming, or is in some very very different role that’s on a completely different comp structure.


The hours vary a bit by group.

This is not true. I have colleagues there at senior manager level and their bonuses are not even close to 20k with good performance

I am a current Sr Manager at Cap One and bonus range is $0 to $45k. If you get a “Strong” rating, ur bonus would be in the mid-range. I would guess that about one-third or less of personnel would her higher then a Strong” rating.

Bonus's are closer to the $0. Bonus is prorated depending on hiring date and some other qualifications per Cap One. Meaning first year bonus if hired on in first quarter not a good idea.

Also, depending on when someone gets hired they might not get a raise for 20 months. Because Cap One does an odd prorating. Definitely do not hire on in during first quarter.

Round of layoffs coming to the tech department in Dec or Jan.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Capital One no doubt. Not even comparable.

source: ive worked at both.

Can you give examples of benefits at CapOne?

-Another Poster

WFH as much as you want
6 figure bonuses at Dir level and up
Deferred comp plan for people with enough pay
7.5% 401K match
Subsidized lunch
Unlimited vacation
Good health bennies
Easy low stress 30 hour a week job

What is your role at CapOne? My spouse is "Dir level and up" and WFH as much as you want is not true, nor is 6 figure bonus (10-40 seems about what to expect for the vast majority of Directors). Our copay is far higher than the last two jobs that provided insurance. 30 hours a week is also not even close to what they work - more like 40-55.

Business analyst family of jobs. 6 figures is with stock and VS rating. It might be a bit lower at S. A $10K bonus makes no sense. We pay first year analysts that much in bonus. $20K bonus is normal for a Sr associare level. $40K is a good bonus at manager level and I think roughly target bonus at Sr Manager. You spouse is lying about their bonus, is underperforming, or is in some very very different role that’s on a completely different comp structure.


The hours vary a bit by group.

This is not true. I have colleagues there at senior manager level and their bonuses are not even close to 20k with good performance

I am a current Sr Manager at Cap One and bonus range is $0 to $45k. If you get a “Strong” rating, ur bonus would be in the mid-range. I would guess that about one-third or less of personnel would her higher then a Strong” rating.

Bonus's are closer to the $0. Bonus is prorated depending on hiring date and some other qualifications per Cap One. Meaning first year bonus if hired on in first quarter not a good idea.

Also, depending on when someone gets hired they might not get a raise for 20 months. Because Cap One does an odd prorating. Definitely do not hire on in during first quarter.

Round of layoffs coming to the tech department in Dec or Jan.

just for the teach department? do you near a clearance for cap one?

[Anonymous]

Capital One pays generously for the DMV area IMO. Lots of people here have zeroed in on the likely comp. There's lots of talk about how it's a great place to work and you get to work with a lot of smart people.

The downside to that is that they place the golden handcuffs on you and that encourages you to grind more because where else around here are you going to get that kind of comp?

Working with smart people leads to lots of politics because now so much money is at stake come bonus time.

The company is a "tech company" only in the sense that they use technology. They consume lots of open source software once they figured out that you can get quality work for free. They don't have a lot of major contributions back like Facebook, Google, and Netflix do.

If you choose to work there you want to work "as close to the money as possible".

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Capital One no doubt. Not even comparable.

source: ive worked at both.

Can you give examples of benefits at CapOne?

-Another Poster

WFH as much as you want
6 figure bonuses at Dir level and up
Deferred comp plan for people with enough pay
7.5% 401K match
Subsidized lunch
Unlimited vacation
Good health bennies
Easy low stress 30 hour a week job

What is your role at CapOne? My spouse is "Dir level and up" and WFH as much as you want is not true, nor is 6 figure bonus (10-40 seems about what to expect for the vast majority of Directors). Our copay is far higher than the last two jobs that provided insurance. 30 hours a week is also not even close to what they work - more like 40-55.

Business analyst family of jobs. 6 figures is with stock and VS rating. It might be a bit lower at S. A $10K bonus makes no sense. We pay first year analysts that much in bonus. $20K bonus is normal for a Sr associare level. $40K is a good bonus at manager level and I think roughly target bonus at Sr Manager. You spouse is lying about their bonus, is underperforming, or is in some very very different role that’s on a completely different comp structure.


The hours vary a bit by group.

This is not true. I have colleagues there at senior manager level and their bonuses are not even close to 20k with good performance

I am a current Sr Manager at Cap One and bonus range is $0 to $45k. If you get a “Strong” rating, ur bonus would be in the mid-range. I would guess that about one-third or less of personnel would her higher then a Strong” rating.

Bonus's are closer to the $0. Bonus is prorated depending on hiring date and some other qualifications per Cap One. Meaning first year bonus if hired on in first quarter not a good idea.

Also, depending on when someone gets hired they might not get a raise for 20 months. Because Cap One does an odd prorating. Definitely do not hire on in during first quarter.

Round of layoffs coming to the tech department in Dec or Jan.

This is very misleading. Capital One has paid bonuses every year since its founding. Bonuses are usually paid in late February, so yes, if you join in Jan, your bonus in February won’t be significant. But that’s not your first year bonus, that’s your one month bonus. Your first year bonus is obviously the next year, but you haven’t been shortchanged at all, you got a prorated bonus for the time you were there in the prior cycle and a full bonus for the full year you worked.

There’s no company in the world that doesn’t prorate bonuses based on start date. Duh.

[Anonymous]

Both are bad companies right now: Freddie Mac is laying off older employees right now because they’re leaving conservatorship and Capital One cannot keep talent to save their lives. Many depts being shut down.

[Anonymous]

Anonymous wrote:Both are bad companies right now: Freddie Mac is laying off older employees right now because they’re leaving conservatorship and Capital One cannot keep talent to save their lives. Many depts being shut down.

No they aren’t... what weird axe do you have to grind that you make up that entire depts are being shut down?

[Anonymous]

https://www.thelayoff.com/freddie-mac

Freddie Mac pushing folks 50 and over out the door

[Anonymous]

Anonymous wrote:

Anonymous wrote:Both are bad companies right now: Freddie Mac is laying off older employees right now because they’re leaving conservatorship and Capital One cannot keep talent to save their lives. Many depts being shut down.

No they aren’t... what weird axe do you have to grind that you make up that entire depts are being shut down?

DP here. The prior post confirms this. Freddie and Fannie are downsizing to get out of conservatorship.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Both are bad companies right now: Freddie Mac is laying off older employees right now because they’re leaving conservatorship and Capital One cannot keep talent to save their lives. Many depts being shut down.

No they aren’t... what weird axe do you have to grind that you make up that entire depts are being shut down?

DP here. The prior post confirms this. Freddie and Fannie are downsizing to get out of conservatorship.

I wasn’t clear in my post, I was referring to COF.

[Anonymous]

Anonymous wrote:https://www.thelayoff.com/freddie-mac

Freddie Mac pushing folks 50 and over out the door

I can confirm this.

Take package now or get canned later

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Capital One no doubt. Not even comparable.

source: ive worked at both.

Can you give examples of benefits at CapOne?

-Another Poster

WFH as much as you want
6 figure bonuses at Dir level and up
Deferred comp plan for people with enough pay
7.5% 401K match
Subsidized lunch
Unlimited vacation
Good health bennies
Easy low stress 30 hour a week job

What is your role at CapOne? My spouse is "Dir level and up" and WFH as much as you want is not true, nor is 6 figure bonus (10-40 seems about what to expect for the vast majority of Directors). Our copay is far higher than the last two jobs that provided insurance. 30 hours a week is also not even close to what they work - more like 40-55.

Business analyst family of jobs. 6 figures is with stock and VS rating. It might be a bit lower at S. A $10K bonus makes no sense. We pay first year analysts that much in bonus. $20K bonus is normal for a Sr associare level. $40K is a good bonus at manager level and I think roughly target bonus at Sr Manager. You spouse is lying about their bonus, is underperforming, or is in some very very different role that’s on a completely different comp structure.


The hours vary a bit by group.

This is not true. I have colleagues there at senior manager level and their bonuses are not even close to 20k with good performance

I am a current Sr Manager at Cap One and bonus range is $0 to $45k. If you get a “Strong” rating, ur bonus would be in the mid-range. I would guess that about one-third or less of personnel would her higher then a Strong” rating.

Bonus's are closer to the $0. Bonus is prorated depending on hiring date and some other qualifications per Cap One. Meaning first year bonus if hired on in first quarter not a good idea.

Also, depending on when someone gets hired they might not get a raise for 20 months. Because Cap One does an odd prorating. Definitely do not hire on in during first quarter.

Round of layoffs coming to the tech department in Dec or Jan.

This is very misleading. Capital One has paid bonuses every year since its founding. Bonuses are usually paid in late February, so yes, if you join in Jan, your bonus in February won’t be significant. But that’s not your first year bonus, that’s your one month bonus. Your first year bonus is obviously the next year, but you haven’t been shortchanged at all, you got a prorated bonus for the time you were there in the prior cycle and a full bonus for the full year you worked.

There’s no company in the world that doesn’t prorate bonuses based on start date. Duh.

Prorating isn’t the issue. It’s how Cap One prorates.


Cap One losing tons of strong talent because of their bonus structure and how HR described to new recent hires.

That said lesson learned. Would not recommend talent go to Cap One IT. It’s a mess.

[Anonymous]

Anonymous wrote:

Anonymous wrote:what is unlimited vacation? Is it real? Can you take 6 months of vacation a year? i.e., unlimited...

Place like Target Corp give unlimited vacations to Senior Store Managers.

Basically it means don't take vacation and we will not pay you out for vacation because we do not have to. Washington Post did an article about companies moving to this format.

This is not the same format Cap One had or has for director level and above.

I am a consultant, we have unlimited leave at my firm. As long as it does not distract from client schedules and deliverables in-house, and leave is coordinated, we can take as much as we want. Most people take 1-2 weeks. Even if you take all you want, you have a minimum number of hours to bill for other goals. People actually don't abuse the system the way you would think when it is always there; rather a more balanced team that doesn't stress and get sick because they haven't worked enough hours at a new job to earn time off to care for their sick child.

Again, different firm, but same concept. For everyone. Right up to the CEO.

[Anonymous]

Anonymous wrote:My experience at Freddie was hilarious.

I joined an office that was intended as a “redundant fail safe” post 9/11 - meaning if HQ blew up, they’d be able to keep the lights on because of their redundant teams. Surprise surprise, there was no work to do.

I regularly worked from home M and F. Then I started team golf day on W. Then I started working from home 4 days a week. Eventually I just stopped going in altogether. I had one daily “standup” call at 8am which I dialed into, never got asked a question, and then spent the day doing whatever I wanted.

I tried to volunteer for work - recruiting, diversity hiring, etc - every time I did I got my hand slapped for “stepping into so and sos responsibilities”. Eventually I just stopped trying to find ways to add value, made peace with the idea that if they wanted to pay me to do nothing I’d be fine with it.

I spent about a year at home, cooking, working out and such before I got so bored I went in and quit. By then, the only emails I got were those sent to distribution lists, my manager hasn’t spoken to me 1:1 in 6 months, and I’d stopped even trying to call into the daily meetings because I hadn’t been asked a question for at least 9 months.

When I went in to quit, they offered me a retention package to stay. I stuck around for another 6 months “transitioning” my work to no one.

It’s worth noting I flat out told HR the reason I was quitting was because “I’ve done less than hour of work in the last three months and I’m tired of volunteering and being told to stop”. They STILL have me a retention package.

To say the place was dysfunctional is to put it mildly. I had a fun two years working on my own interests, but for those that stuck around longer, it was a fantastic place to find your skills and employability completely atrophying.

This is insane! You are crazier for not milking this sweet gig as long as you could. what was your pay?

[Anonymous]

Anonymous wrote:

Anonymous wrote:My experience at Freddie was hilarious.

I joined an office that was intended as a “redundant fail safe” post 9/11 - meaning if HQ blew up, they’d be able to keep the lights on because of their redundant teams. Surprise surprise, there was no work to do.

I regularly worked from home M and F. Then I started team golf day on W. Then I started working from home 4 days a week. Eventually I just stopped going in altogether. I had one daily “standup” call at 8am which I dialed into, never got asked a question, and then spent the day doing whatever I wanted.

I tried to volunteer for work - recruiting, diversity hiring, etc - every time I did I got my hand slapped for “stepping into so and sos responsibilities”. Eventually I just stopped trying to find ways to add value, made peace with the idea that if they wanted to pay me to do nothing I’d be fine with it.

I spent about a year at home, cooking, working out and such before I got so bored I went in and quit. By then, the only emails I got were those sent to distribution lists, my manager hasn’t spoken to me 1:1 in 6 months, and I’d stopped even trying to call into the daily meetings because I hadn’t been asked a question for at least 9 months.

When I went in to quit, they offered me a retention package to stay. I stuck around for another 6 months “transitioning” my work to no one.

It’s worth noting I flat out told HR the reason I was quitting was because “I’ve done less than hour of work in the last three months and I’m tired of volunteering and being told to stop”. They STILL have me a retention package.

To say the place was dysfunctional is to put it mildly. I had a fun two years working on my own interests, but for those that stuck around longer, it was a fantastic place to find your skills and employability completely atrophying.

This is insane! You are crazier for not milking this sweet gig as long as you could. what was your pay?

Not that much. $90K.

I make much much much more than that now, and I knew I could if I left. Inertia is a powerful force. Sometimes you have to just trust your heart and leap, even when staying looks easy.