Anonymous wrote:

Anonymous wrote:Freddie Mac did huge voluntary layoff last Friday. Packages are in mail and have till January to decide.

If you are 50 and over and age plus years of severance equal 60 you can accept.

It is 3.5 weeks per year severance. If you don’t accept and come Jan the don’t have enough folks who voluntarily retire you can be part of forced lay off which is only two weeks per year severance

Nice to call it voluntary

Wow. Both are very generous.

Actually most top companies give four weeks a year. Two is on cheap side. Also rounding is an issue Some round up and some round down.

3.7 years is three at some places and four at others.

Anonymous wrote:Freddie Mac did huge voluntary layoff last Friday. Packages are in mail and have till January to decide.

If you are 50 and over and age plus years of severance equal 60 you can accept.

It is 3.5 weeks per year severance. If you don’t accept and come Jan the don’t have enough folks who voluntarily retire you can be part of forced lay off which is only two weeks per year severance

Nice to call it voluntary

Wow. Both are very generous.

Freddie Mac did huge voluntary layoff last Friday. Packages are in mail and have till January to decide.

If you are 50 and over and age plus years of severance equal 60 you can accept.

It is 3.5 weeks per year severance. If you don’t accept and come Jan the don’t have enough folks who voluntarily retire you can be part of forced lay off which is only two weeks per year severance

Nice to call it voluntary

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Capital One does skimp on pay but they try to make up for it with “culture” and to an extent they are successful, partly because there aren’t a ton of jobs out there in financial services in the DC area.

What I don’t get about Capital One is - where are all the old people? Everyone I work with is under 40.

Or they go to consulting, other banks, SF for tech jobs.

I really doubt a bunch of 40-year-olds are going into consulting or Silicon Valley tech jobs. PP's suggestion of financial regulators makes more sense. Still, it's weird.

I know several who have. Myself included.

You go from making $200-$300 to making 7 figures. It’s an attractive option.

This must only be lawyers. I can’t see any use of the banker types at a tech firm

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Capital One does skimp on pay but they try to make up for it with “culture” and to an extent they are successful, partly because there aren’t a ton of jobs out there in financial services in the DC area.

What I don’t get about Capital One is - where are all the old people? Everyone I work with is under 40.

Or they go to consulting, other banks, SF for tech jobs.

I really doubt a bunch of 40-year-olds are going into consulting or Silicon Valley tech jobs. PP's suggestion of financial regulators makes more sense. Still, it's weird.

I know several who have. Myself included.

You go from making $200-$300 to making 7 figures. It’s an attractive option.

Anonymous wrote:

Anonymous wrote:Capital One does skimp on pay but they try to make up for it with “culture” and to an extent they are successful, partly because there aren’t a ton of jobs out there in financial services in the DC area.

What I don’t get about Capital One is - where are all the old people? Everyone I work with is under 40.

Or they go to consulting, other banks, SF for tech jobs.

I really doubt a bunch of 40-year-olds are going into consulting or Silicon Valley tech jobs. PP's suggestion of financial regulators makes more sense. Still, it's weird.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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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.

This is right. A “meets expectations”, which is what a strong rating is pays out about $40K for me. An exceeds pays out $60, but less than 5% of people get that.

Are u Senior Director level?

No. Sr Manager, US Card biz.

And a “Strong” gets u $40k? I’m a Sr Manager and I would need an “Exceptional” to get they kind of bonus. There must be different bonus for different LOB’s. What is the mid base salary pay over there for your position ?

That’s what I got last year. I’m in the business analyst job function, US Card, branded (think Venture, Spark etc). I don’t know exact midpoint for my role (where do you see that?). I’m at $162K base and I think I’m a bit high relative to most.

Interesting. You should be able to see salary range in Workday. I actually make a slightly higher base salary but you more then make it up in bonus.

Whats your job function?

Maybe it’s location? My “home” is Mclean. I’ve heard there’s a roughly 10% - 15% premium for that over Richmond.

I’m in McLean as well (M1). Compliance.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

This is right. A “meets expectations”, which is what a strong rating is pays out about $40K for me. An exceeds pays out $60, but less than 5% of people get that.

Are u Senior Director level?

No. Sr Manager, US Card biz.

And a “Strong” gets u $40k? I’m a Sr Manager and I would need an “Exceptional” to get they kind of bonus. There must be different bonus for different LOB’s. What is the mid base salary pay over there for your position ?

That’s what I got last year. I’m in the business analyst job function, US Card, branded (think Venture, Spark etc). I don’t know exact midpoint for my role (where do you see that?). I’m at $162K base and I think I’m a bit high relative to most.

Interesting. You should be able to see salary range in Workday. I actually make a slightly higher base salary but you more then make it up in bonus.

Whats your job function?

Maybe it’s location? My “home” is Mclean. I’ve heard there’s a roughly 10% - 15% premium for that over Richmond.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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.

This is right. A “meets expectations”, which is what a strong rating is pays out about $40K for me. An exceeds pays out $60, but less than 5% of people get that.

Are u Senior Director level?

No. Sr Manager, US Card biz.

And a “Strong” gets u $40k? I’m a Sr Manager and I would need an “Exceptional” to get they kind of bonus. There must be different bonus for different LOB’s. What is the mid base salary pay over there for your position ?

That’s what I got last year. I’m in the business analyst job function, US Card, branded (think Venture, Spark etc). I don’t know exact midpoint for my role (where do you see that?). I’m at $162K base and I think I’m a bit high relative to most.

Interesting. You should be able to see salary range in Workday. I actually make a slightly higher base salary but you more then make it up in bonus.

Anonymous wrote:

Anonymous wrote:

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.

This is right. A “meets expectations”, which is what a strong rating is pays out about $40K for me. An exceeds pays out $60, but less than 5% of people get that.

Are u Senior Director level?

No. Sr Manager, US Card biz.

And a “Strong” gets u $40k? I’m a Sr Manager and I would need an “Exceptional” to get they kind of bonus. There must be different bonus for different LOB’s. What is the mid base salary pay over there for your position ?

That’s what I got last year. I’m in the business analyst job function, US Card, branded (think Venture, Spark etc). I don’t know exact midpoint for my role (where do you see that?). I’m at $162K base and I think I’m a bit high relative to most.

Anonymous wrote:

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.

This is right. A “meets expectations”, which is what a strong rating is pays out about $40K for me. An exceeds pays out $60, but less than 5% of people get that.

Are u Senior Director level?

No. Sr Manager, US Card biz.

And a “Strong” gets u $40k? I’m a Sr Manager and I would need an “Exceptional” to get they kind of bonus. There must be different bonus for different LOB’s. What is the mid base salary pay over there for your position ?

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.

This is right. A “meets expectations”, which is what a strong rating is pays out about $40K for me. An exceeds pays out $60, but less than 5% of people get that.

Are u Senior Director level?

No. Sr Manager, US Card biz.

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.

This is right. A “meets expectations”, which is what a strong rating is pays out about $40K for me. An exceeds pays out $60, but less than 5% of people get that.

Are u Senior Director level?

Anonymous wrote:Freddie handed out voluntary packages to older folks recently.

IT is Indians body shop folks and old folks pushed out door and lots of politics

Other than that not bad

Freddie Mac is Not a true financial service firm (not the same mentality) Passive staff + mediocre talent = bureaucracy Slow career advancement. They pigeonhole you. Once you see the light, it's already too late. You're stuck for the long haul. The place is filled with middle management. Many managers don't actually manage employees. They essentially perform the same function that entry level associates encounter, yet their salaries are bloated. Consultants-galore. I've never seen so many at one firm before. You'll go to meetings with a 10 consultant to 1 freddie employee ratio. Consultants are hired to repeat the work of other consultants. Young, talented people leave immediately.

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.

This is right. A “meets expectations”, which is what a strong rating is pays out about $40K for me. An exceeds pays out $60, but less than 5% of people get that.