Capital One reviews

3.6

59% would recommend to a friend

(18,861 total reviews)
avatar

Richard D. Fairbank

75% approve of CEO

63% positive business outlook

Capital One has an employee rating of 3.6 out of 5 stars, based on 18,861 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Capital One employee rating is in line with the average (within 1 standard deviation) for employers within the Finanzas industry (3.7 stars).

Reviews by job title

19K reviews
1.0
Aug 9, 2023

STAY AWAY

Recommend
CEO approval
Business Outlook

Pros

There are none. It's an evil corporation.

Cons

Stack Ranking - This past mid-year, 15% of employees were laid off. I wasn't one, but they are attempting to fire me/lay me off due to me calling out inefficiencies within the department. Ignores Disabilities - I had explained to my bosses that I was having issues with my disability. Rather than suggesting accommodations or short term disability, they ignored me. I went on short term disability for a month and LITERALLY the day I returned from disability, I was told I was trending downwards in my quarterly performance review and I would be placed on a coaching plan. My entire mid-year performance review mentioned the 1.5 months I had struggled with my disability. Nothing about my performance once I returned which was off the charts. Backstabbing - Do not trust anyone at this company. You would have to be a sociopath to survive here.

3.0
May 18, 2022
Recommend
CEO approval
Business Outlook

Pros

Disclaimer - some of my experience may differ significantly for you on a different team/product. Interpret this with a grain of salt knowing it is partially anecdotal. Work Life Balance: Good for the most part. On call rotations and failover exercises are a pain. How much your on call rotation will suck depends on how well/poorly your product is engineered. I know a lot of people that took 4 weeks PTO. Nobody logs it and recruiters openly advertise this fact. PTO is technically accrued but it's treated more like an "unlimited PTO" system. Seems like a slippery slope and always made me uncomfortable. Technology: Entire company is fully in AWS, which is fine. Tech stack will vary by team, I worked mostly with Java/Spring Boot/PostgreSQL/Kinesis. Some lambdas here and there. Coworkers: Very hit or miss. Associates tend to be good but my product in particular was crippled by staggering numbers of contractors. The contractors were noticeably worse in quality than associates - they had a lower standard of work and were more difficult to communicate with. They often held critical knowledge of systems and would then leave. Management consistently said they wanted to replace contractors with associates but struggle to hire - probably empty promises. Remote Work: This perk, as I'm told by former coworkers, is going away. The "hybrid work" three days a week will probably be team norms. Good luck retaining talent C1. I was never in office and this is one reason I left.

Cons

Forced Downtime: There were weeks I struggled to find 20-30 hours of work to do. Leadership from the Director+ level either had no vision for the product or failed to communicate it. Product always seemed lost. We never had a refined backlog. Enterprise teams were major blockers. Developers spend a lot of time just spinning their wheels. Forced downtime is nice occasionally but I was bored out of my mind far too often - I probably could have worked a second job. Enterprise Teams: Enterprise teams are absolutely atrocious. They were the number one blocker to getting anything done. Our CI/CD pipelines were continuously going down. You'd get nonsense errors and build failures for no reason at all. Builds took 30 minutes+ and would fail because some behind the scenes enterprise service was overburdened. It would often take days if not weeks to get a response from enterprise teams to fix critical issues with deployment. Development Process: Again, just like with enterprise teams this one was a headache. Architecture teams are required to sign off on major design decisions and API contracts and would take weeks to respond. On one instance an architect mandated a design pattern that wasn't supported by our enterprise tools and it caused weeks of issues. CI/CD was a constant pain. Getting new applications onboarded was a headache, enterprise portals rarely worked. Salary: If you're a talented engineer, you can do much much better. Leadership attempted to counter as I was on my way out the door until they heard my new offer. C1 has taken insufficient measures to stop the bleeding in the form of tech attrition. The CEO, Rich Fairbank, went on record saying Software Engineers were too expensive. Sorry Rich, I'll go somewhere that pays me what I'm worth - enjoy your contractors. Stacked Ranking: Stacked ranking is horrible. Managers went up to meetings to defend your rating and to get anything above Strong (Average) you basically had to have a ton of extracurriculars. Doing your job and doing it very well isn't good enough at Capital One. They expect you to be earning certifications, volunteering, conducting interviews, joining resource groups, etc. to "differentiate yourself" from your peers. It's all crap and probably a cost saving measure so they don't have to give too many people decent raises every year. Hybrid Work: People want fully remote work. There are antiquated managers who feel like things are "just better" in person but many many engineers want fully remote work or have left to get it. Nobody wants to go from the comfort of their home to having a commute, spending money on gas & vehicle, prep time before and after work, just to sit in a noisy open office environment where things are less productive. Products: A lot of C1 products I dealt with weren't engineered to a very high standard. Our pages are slow to load, don't look great, and are dwarfed by more established competition. I didn't feel proud to work on a product that felt was vastly inferior to the competition. Constant reorgs and lack of vision from leadership was a consistent hurdle.

1.0
Feb 12, 2019
Recommend
CEO approval
Business Outlook

Pros

- Long and flexible PTO - Decent benefits

Cons

First of all, I'm not sure how Capital One has so many positive reviews on Glassdoor. There has to be many fake reviews here. In my six years working there I didn't know anyone (at least in Retail Bank IT) who was really happy about working there. Most were absolutely miserable. On one hand, Capital One gave me a lot of experience and exposure to things I wouldn't have encountered otherwise. On the other hand, Capital One caused incredible stress to my life because of their morally bankrupt performance management, politics, dishonest and cowardly management, and constant turnover. If you are considering working there, understand one thing....you are a number on paper. That is it. If management feels that you are not helping their agenda (if anyone even knows what it is), they will push you out by ignoring you and your work, lying about your performance, and finally firing you (they call this "redeployment" to make it sound less serious). In my last year there, I worked extremely hard to go above and beyond every objective assigned to me, only to have my current manager do a pathetic job at presenting me to the performance management calibrations, which by the way, are based on the opinions of other managers who don't necessarily know anything about what you are working on. It was then I knew it was time for me to go. The whole system is not just ridiculous and absurd, it's immoral. It is a system designed for upper management to empower "yes men" managers to control hiring/firing. Capital One is extremely political. I even had a co-worker tell me that to be successful there I should focus more on being visible than my actual work. Believe it or not he was right. Thankfully I found a much smaller company where I don't have to put up with all the nonsense and be rewarded for my actual work. It's absolutely wonderful. If that's what you are looking for, stay far away from Capital One. However, if you are an outgoing person with above average job skills who is good at politics, you'll probably excel. Make no mistake, Capital One is one of the best companies I've ever seen at marketing a spotless image to the outside public, but on the inside, it is toxic, although it will take new hires a while to pick up on this.

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