Capital One reviews

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Richard D. Fairbank

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13K reviews
4.0
Dec 12, 2008
Recommend
CEO approval
Business Outlook

Pros

- Capital One puts alot of focus on analytics so this is a great place to build that expertise. The business analysis job family is the hardest to get into, tends to have the most influence, works hardest and get paid the best. People who come into the company as BAs out of college can often grow into managerial positions in 3-4 years. - The company puts emphasis on professional development and training, with courses available at Capital One University on campus. - General flexibility around personal schedules, vacation, working from home if kids are sick, etc. - Good work/life balance if you are based in Richmond, VA. Most people in Richmond work from 8:30am-5pm.

Cons

- If you are based in McLean, VA, you typically have to travel to Richmond for 1-2 days each week. This is ingrained in the culture and very few people can avoid this unless they are in support functions. - Job families are very functionally-specialized so it is not a good place to get general management experience. Often times the senior leadership are people who were really good Business Analysts and got promoted, but do not have strong general management skills. - None of the job families "own" the product, so no one has a traditional brand manager/product manager role that would be available at a consumer goods company like Procter & Gamble. The typical marketing functions are split between 3 roles: 1. Business Analysts - own the product strategy, valuations, financials 2. Product Managers - own the execution of product strategy, work with Brand to develop creatives and navigate through Capital One's complex processes to execute projects 3. Brand Managers - own the creatives, work with ad agencies - Opportunities at the Director and VP level are limited and this can be frustrating for motivated employees. There are also no clear career paths for MBAs which is why the company has a hard time retaining them. - Company rewards people who work on existing mainstream business, not those focused on growth or innovation.

3.0
Dec 11, 2008
Recommend
CEO approval
Business Outlook

Pros

Really smart people who will demand your best - you won't know what you're capable of until you work at a place like Capital One. The guiding strategy for carefully managing growth and projecting into down markets has been right-on in really rocky times like now.

Cons

Lack of transparency in strategic decision making; "analysis paralysis" that causes over-socialization of plans and delays implementation; hyper-competitiveness that causes inhibition in sharing ideas that might seem less than brilliant; opaque promotion process that doesn't give employees clear targets to shoot for.

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