I applied online. The process took 3 weeks. I interviewed at Capital One (Richmond, VA) in Dec 2012
Interview
Great experience. Applied online and was asked the following day to take an online fit assessment and IQ test. I was quickly notified that I had passed and scheduled a phone interview. It was pretty straight forwards just know why you want to work at COF.
I was later invited to interview in Richmond. Capital One covered all of the expenses for transportation and the very nice hotel room. There was a reception the night before where candidates got to meet people currently involved in the program. Roughly 1:1 employees:candidates so it was a great opportunity to learn about the program.
Everyone had 3 interviews the following day (fit, behavioral, and case) and candidates who hadnt had a case on campus had a second case interview as well. Dont stress over the cases, if you passed the IQ test you'll most likely be fine as they are a bit more focused on quantitative topics. I heard back the same week.
Interview questions [1]
Question 1
Lots of team based questions. Keep a few examples in mind and make sure to review the example questions they give you. You will be asked some of them in the interview process.
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...