Capital One reviews

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Richard D. Fairbank

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13K reviews
4.0
Jan 23, 2010
Recommend
CEO approval
Business Outlook

Pros

- Good work environment and great people to work with - Salary at par with most other banks outside of the top 4 or 5 - For new hires out of college, this is a great place to learn the corporate world as you can set your own pace for the learning curve

Cons

- Harder to get promoted past the mid-management level internally, which results in a high turnover rate for people who have been working for more than a few years - As Cap One has increased in size it has become more like a bureaucracy and its difficult to get things done fast

5.0
Jan 15, 2010
Recommend
CEO approval
Business Outlook

Pros

Capital One has a strong culture of "Excellence and Do the right thing", providing a great work environment to develop and hone critical competencies, numerous development opportunities (large and small projects), while also understanding and promoting the balance between personal life and work. It has been a great place to work for many years while I've progressed in many ways; I highly recommend working for Capital One.

Cons

While working here for many years, our benefits and compensation felt like they were exceptional early on, but with the purchase of other banks they have been decreased in order to provide standard benefits across the board. This, I'm sure, has occurred in many other corporations, but it would have been nice for the 'Maverick' of the financial industry to buck the trend and keep the high level of benefits and just extend them to new banks and employees.

3.0
Dec 31, 2009
Recommend
CEO approval
Business Outlook

Pros

The Richmond campus provides a great physical and virtual work environment. Capital One pioneered alternative work arrangements with its Future of Work program. Salaries are in line with expectation and benefits are above average. Notably, maternity and paternity benefits are quite generous. The external hiring decision process is rigorous and consistent, resulting in a generally high level of employee competence.

Cons

Capital One's revenues and profits grew at a meteoric rate until about 2005, then leveled off. The boom years produced a cadre of managers more skilled in rhetoric than in managing human talent. As a result, the culture does not value, reward or develop people management skills. Capital One's GE-style performance management system becomes an annual pain point, demoralizing many, rewarding too few with promotions and often presaging the next reorg exercise.

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