Capital One reviews

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Richard D. Fairbank

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13K reviews
4.0
Feb 5, 2012
Recommend
CEO approval
Business Outlook

Pros

Amazing employee benefits and resources. Well-communicated agenda and ambitious outlook that is infectious.

Cons

A very process-bloated organization. An elaborate network of people/processes/initiatives that they think 'ensures' high quality results (speaking from the Digital side). Being a (primarily) credit-card oriented company, the work pipeline is looked at from a capacity/operational perspective and cannot be tied directly to revenue. I come from an IT/Software vendor where work was done right the first time, and FAST - because it was tied directly to revenue. The meeting culture here is bizarre. My previous company had a high ratio of remote workers, so we EFFECTIVELY used email and stuck to conference calls to get decisions moving. Here, half the people in my meetings aren't paying attention and busy instant messaging about something else. The meetings end up with little to no headway and always include the words, "it sounds like we need to have more conversations about...". I'm not exaggerating. The worst part is that these people can't be in my meetings because they're double booked in someone else's. All the while, mine was TRULY more important to the organization than the one they attended. So, two meetings are shot while one of them could've been dealt with via email in a smart manner. Every time I craft comprehensive well-written emails, people want to set up a meeting to discuss because they don't want to take the time to read it and think it through. These are all smart people working here. They are all brainwashed into this ADD pace of perpetual confusion.

2.0
Jan 13, 2012
Recommend
CEO approval
Business Outlook

Pros

Good decision making by C level executives to save the company twice in the last 10 years through MOU and the great recession.

Cons

Emphasis on cost saving resulted in large numbers of inexperienced hires. No career advancement without brown nosing. Highly political environment -good old boys club - no good for minority/foreigners.

1.0
Jun 5, 2011

Worst job experience in my entire life.

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

The benefits are on par with the industry, and Capital One does support it's sales people through bonuses and aggressive marketing.

Cons

The transition from Chevy Chase Bank to Capital One Bank was not only ineptly planned and executed, but was a giant step in the wrong direction for both the customers and employees. I have never, ever, dealt with so many dissatisfied customers in my life, or seen so many confused and disgruntled employees. I have three decades of job experience and I can honestly say this is the worst job experience in my life. (Note: my comments apply to the banking side only. The card side, under the leadership of Ryan Schneider, seems to be a well run and positive environment).

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