I applied online. The process took 1 day. I interviewed at Capital One (Richmond, VA) in Apr 2011
Interview
it consists of 2 behavioral interviews, and 2 case interviews. Sample tests available at their websites. If prepared, the question won't be too difficult for those who have had some years of working experience. Behavioral questions: can be found on all sorts of behavioral websites. Interviewers were all very nice, and encouraged 2 way communications.
Interview questions [1]
Question 1
Case question: 1. About a insurance product: to decide whether it's good to launch the product, and to calculate whether the program will be profitable, and the break even response rate, the price and etc. 2. To evaluate the financial impact of cancel of a employment check on the card application: if canceled, the % of bad accts that would make the portfolio still profitable. The breakeven % of bad accts.
Three rounds of interviews, two of them are case based to assess technical knowledge (first case is relatively easy, calculation needed), one is mainly behavioural questions with the team leader
1st round was 45 mins. Simple case (profitability and basic business acumen) plus a bit of behavioural
2nd round was in-person; networking dinner the night before, and then two back to back interviews (an hour long case and a 30 min behavioural)
Interview questions [1]
Question 1
For the case it was breakeven calculations and basic business questions (e.g. what are the risks and mitigations associated with this venture...)
Do case study questions. If you got an interview invitation, you will receive case studies examples, and they will ask similar questions during interview. After this, will have about 15 minutes behavioral questions. Why capital one? Introduce yourself...