The process took 2 days. I interviewed at Capital One (McLean, VA) in Feb 2011
Interview
Case Interview: Underwriting for a credit card company. In deciding whether or not to issue credit cards, CapOne verifies employment history. Cost is $1 per application. X% are verfied, 1-X% fail the verification. What percentage of good and bad applicants does there need to be in order for verification process to break even
I applied through college or university. The process took 4 weeks. I interviewed at Capital One in Nov 2010
Interview
The first round was typical resume and behavioral questions with a fairly basic case question involving the credit card industry. It was mostly simple problem solving and nothing you should have problems with if you actually get an interview. The second round was at their headquarters and consisted of three 1:1 interviews, 2 of which were cases and 1 that was behavioral. All the cases had a financial theme and brushing up on how the credit card industry works should help out with developing creative solutions to problems. Be sure you are comfortable both formulating your answers and possible graphing them out. I really liked the culture of the company and everyone I met was happy to have joined Capital One.
Interview questions [1]
Question 1
What is the breakeven point of a credit card based on expected revenues and costs.
I applied through college or university. The process took 1 day. I interviewed at Capital One in Jan 2011
Interview
Had a good experience with this interview even though I did not receive an offer. I am not comfortable with doing math on the spot, so I had a little trouble with the case. The interviewer asked some qualitative questions about the case before moving on to the quantitative portion. The case dealt with a freight shipping scenario. There was a lot of break even analysis and profit maximization questions. If you are quick with math and know basic calculations, you will have no problem with the case interview. My interviewer was very kind and helped me when I had trouble. Just stay calm and be prepared to explain your answer and your reasoning. They are looking for someone who knows what they're doing, but also someone who isn't afraid to admit when they're wrong. Be enthusiastic and confident, and you shouldn't have any trouble with this interview.
Interview questions [2]
Question 1
If demand went down, what is the minimum amount you would have to sell in order to break even.