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      Capital One

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      IT Development Program Interview

      3 Apr 2012
      Anonymous employee
      Richmond, VA
      Accepted offer
      Positive experience
      Easy interview

      Application

      I applied through university. The process took 3 days. I interviewed at Capital One (Richmond, VA) in Mar 2012

      Interview

      I applied for the ITDP through my university's career site. I also applied on Capital One's site. The Capital One application consists of the standard personal info, job history, questionnaire, etc. The next step was a on-campus interview with a recruiter. All of the questions were behavioral, a little bit about yourself and your resume. After that they invited me to Richmond for an on-site interview. There were about 20 people participating in that. The night before the interview there was a reception in our hotel where we met current employees, asked questions, and they told us a little bit about working at Capital One. The next day we went to their campus. There was a tour of the facilities, we met some more people that work there, and then there were 3 1-on-1 interviews. One was behavioral, one was a job fit interview, and one was a case study. Don't be too concerned if you do not breeze through the case study, they're more interested in how you approach the problem and try to work it out. Just try to stay calm because the problem may not be that hard but the presence of the interviewer may add pressure.

      Interview questions [1]

      Question 1

      1 million card applications. $1 per application cost to do employment verification. 96% pass verification and get a card. 4% fail and do not get cards. Given average profits on cardholders in good standing, and average losses on accounts that default, find the % of denied cardholders that would have to default in order to justify the $1 per application verification cost .
      8 Answers
      4