I applied through college or university. The process took 1 day. I interviewed at Capital One in Feb 2011
Interview
I applied through my career center's website for an on-campus recruiting interview. It was a face to face and there were two people in the room, but only one of them conducted the interview. It was a case-based interview, and it was very clear that the company looks for analytical minds.
Interview questions [1]
Question 1
We are thinking of introducing a credit card on your college campus, what factors would you consider?
Smooth; minicase is verbally presented; may be hard to understand depending on the interviewer. May need to ask many more questions to clarify the questions asked during the case. But overall, it is fairly easy
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...)