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

[Anonymous]

DH is a director. Makes like $180k? Bonus was around 50k, I think. And then add in all the stock purchasing and whatnot. I honestly can't keep track. It might be more than that.

He's playing golf right now.

[Anonymous]

Thad has terrible then. Doesn’t Fannie pay better

[Anonymous]

Anonymous wrote:

Anonymous wrote:I wonder why a retired GS-15 would take a 100K job unless he/she knows that there won't be much work. That's the only reason I would take a pay cut.

Ex-fed or not, if you are working, you need to get compensated accordingly.

Probably same reason I did. I was able to retire at age 50 and start collecting my pension immediately and therefore had the latitude to take a lower paying job (but still earn more at the end of the day).

I doubt you were a Fed if you were collecting pension at the age of 50. Minimum retirement age is 55+ for you to receive any kind of pension.

Also, if you were a GS15 and want to work then you can easily double your salary from this with not much work.

[Anonymous]

Anonymous wrote:I thought senior manager make 175 all in

That sounds about right.

[Anonymous]

Anonymous wrote:DH is a director. Makes like $180k? Bonus was around 50k, I think. And then add in all the stock purchasing and whatnot. I honestly can't keep track. It might be more than that.

He's playing golf right now.

There you go. Not to mention that he doesn't work hard but looks like he has a pretty easy job as a director.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:LOL! Capital one is a joke in the financial sector. Rarely you have seen their employee going to influential positions. It is becoming more like an IT company.

Promotion in-house is horrible and you have to be at your position for a few years regardless of the performance before being considered so there is really no motivation for staff to work hard.

Pay is terrible too . Laughing stock of dc that company

Pay is for sure not terrible. Not at all. Maybe compared to investment banking, sure.

But I made $220K with bonus as Sr manager, and comfortably cleared $400K by the time I left. Plus 7.5% 401K match and unlimited vacation too...

You can find faults at COF for sure but pay isn’t one of them. At least not if you negotiate well.

What level makes 400?

I was comfortably there as a Sr Director - it’s a combination of base, bonus and LTI. If you also count the 7.5% 401K match and the deferred compensation scheme (which is a backdoor to get around the 401K limits), it’s really not hard to hit at that level. I know a few directors who came close (bonus for my division could hit $100K if you exceed expectations at Director level, so even a low $200s salary gets you within spitting distance of $400).

But the key is the group - you need to be in business analysis in US card or Bank. Legal roles, IT roles, data monkey roles, etc just won’t pay the same.

Thanks so you telling me audit compliance accounting at senior director probably make 2/3 that?

I honestly don’t know - but I’d guess 2/3rd is a good estimate yes.

[Anonymous]

Anonymous wrote:

Anonymous wrote:DH is a director. Makes like $180k? Bonus was around 50k, I think. And then add in all the stock purchasing and whatnot. I honestly can't keep track. It might be more than that.

He's playing golf right now.

There you go. Not to mention that he doesn't work hard but looks like he has a pretty easy job as a director.

That was my point. It's not a bad place to work.

[Anonymous]

Anonymous wrote:

I doubt you were a Fed if you were collecting pension at the age of 50. Minimum retirement age is 55+ for you to receive any kind of pension.

Also, if you were a GS15 and want to work then you can easily double your salary from this with not much work.

I doubt you've ever been a Fed if you've never heard of VERA. Also law enforcement officers and some others can retire at 50 if they have enough time in service.

https://www.opm.gov/policy-data-oversight/workforce-restructuring/voluntary-early-retirement-authority/

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:DH is a director. Makes like $180k? Bonus was around 50k, I think. And then add in all the stock purchasing and whatnot. I honestly can't keep track. It might be more than that.

He's playing golf right now.

There you go. Not to mention that he doesn't work hard but looks like he has a pretty easy job as a director.

That was my point. It's not a bad place to work.

It’s crazy how such a large place could afford to employ so many people who don’t work hard. Anyone else?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:DH is a director. Makes like $180k? Bonus was around 50k, I think. And then add in all the stock purchasing and whatnot. I honestly can't keep track. It might be more than that.

He's playing golf right now.

There you go. Not to mention that he doesn't work hard but looks like he has a pretty easy job as a director.

That was my point. It's not a bad place to work.

It’s crazy how such a large place could afford to employ so many people who don’t work hard. Anyone else?

Your DH has a nice deal, then. Mine is also a Director, makes $200k + about $40k bonus + the stock thing, so just a little more than yours. He's currently working full days and then some, and didn't go to bed at all a few nights ago. Not common but it happens. It's a busy job for him. Reading about CapOne on here makes me realize each department is so so different in workload and expectations and also in compensation.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I wonder why a retired GS-15 would take a 100K job unless he/she knows that there won't be much work. That's the only reason I would take a pay cut.

Ex-fed or not, if you are working, you need to get compensated accordingly.

Probably same reason I did. I was able to retire at age 50 and start collecting my pension immediately and therefore had the latitude to take a lower paying job (but still earn more at the end of the day).

I doubt you were a Fed if you were collecting pension at the age of 50. Minimum retirement age is 55+ for you to receive any kind of pension.

Also, if you were a GS15 and want to work then you can easily double your salary from this with not much work.

Let me alleviate your doubt: I was a law enforcement officer under the CSRS pension system. I retired at age 50 and immediately started collecting a 75% pension (based on my high 3). There weren’t any $320k per year jobs being thrown my way when I retired (which is rare with my background unless you are hired as the Director of Corporate Security or Director of AML at a Fortune 500 company). Not many of those jobs to go around and they usually choose former SES’ with fancy titles or former federal prosecutors...

[Anonymous]

Anonymous wrote:

Anonymous wrote:

I doubt you were a Fed if you were collecting pension at the age of 50. Minimum retirement age is 55+ for you to receive any kind of pension.

Also, if you were a GS15 and want to work then you can easily double your salary from this with not much work.

I doubt you've ever been a Fed if you've never heard of VERA. Also law enforcement officers and some others can retire at 50 if they have enough time in service.

https://www.opm.gov/policy-data-oversight/workforce-restructuring/voluntary-early-retirement-authority/

I was law enforcement...

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:DH is a director. Makes like $180k? Bonus was around 50k, I think. And then add in all the stock purchasing and whatnot. I honestly can't keep track. It might be more than that.

He's playing golf right now.

There you go. Not to mention that he doesn't work hard but looks like he has a pretty easy job as a director.

That was my point. It's not a bad place to work.

It’s crazy how such a large place could afford to employ so many people who don’t work hard. Anyone else?

Your DH has a nice deal, then. Mine is also a Director, makes $200k + about $40k bonus + the stock thing, so just a little more than yours. He's currently working full days and then some, and didn't go to bed at all a few nights ago. Not common but it happens. It's a busy job for him. Reading about CapOne on here makes me realize each department is so so different in workload and expectations and also in compensation.

You have to be director to get a decent salary at cap one. Below that it is terrible

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I wonder why a retired GS-15 would take a 100K job unless he/she knows that there won't be much work. That's the only reason I would take a pay cut.

Ex-fed or not, if you are working, you need to get compensated accordingly.

Probably same reason I did. I was able to retire at age 50 and start collecting my pension immediately and therefore had the latitude to take a lower paying job (but still earn more at the end of the day).

I doubt you were a Fed if you were collecting pension at the age of 50. Minimum retirement age is 55+ for you to receive any kind of pension.

Also, if you were a GS15 and want to work then you can easily double your salary from this with not much work.

Let me alleviate your doubt: I was a law enforcement officer under the CSRS pension system. I retired at age 50 and immediately started collecting a 75% pension (based on my high 3). There weren’t any $320k per year jobs being thrown my way when I retired (which is rare with my background unless you are hired as the Director of Corporate Security or Director of AML at a Fortune 500 company). Not many of those jobs to go around and they usually choose former SES’ with fancy titles or former federal prosecutors...

That must have been thing of the past. CSRS got changed to FERS from mid 80s and for someone to retire now at the age of 50 with CERS has a very very low chance(they have to be 16 at the time of joining federal service). Not sure about law enforcement but I have seen plenty of ex-GS 15s as engineers, scientists, PMs, Sr analysts, economists almost doubling their salary after retirement.

I guess in your professions, age works against you.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I thought senior manager make 175 all in

That sounds about right.

Agree. Much closer to the mark than the $220k poster. And I work in US Card. I wonder if salaries have come down, or if that poster was just talking out of their ass.

Most of my colleagues are hardworking and motivated, but some coast by and do the bare minimum and still get regular promotions every few years because they have “influence” (i.e., they know the right people and they’ve landed in a nice cushy role). Others like me work hard for every rating and promotion they get. Of course, I’ve had my days when I’ve slacked off and done nothing all day. OTOH, I’ve had weeks where I worked nights and weekends. Overall it averages out to 45 hours a week, I’d say.