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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]what do you mean by a case? You mean the hiring interview is based on behavioral questions?[/quote]

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. [/quote]

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[/quote]

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