22. Capital One

Contact Info

1680 Capital One Drive

McLean, Virginia 22102

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Undergrad Internships

No. of undergrad internships in:

2005: 13

2006: 0*

2007: 23

2006 interns from the following classes:

NA% Freshman

NA% Sophomores

NA% Juniors

NA% Seniors

NA% Graduates

2006 interns from the following majors:

3% Business

4% Computer Science

15% Economics

NA% Engineering

2% Liberal Arts

25% Math

1% Science

0% Undeclared

NA% Other

NA% of internships paid

NA% of internships unpaid

Is there an offical summer internship program? Yes*

Average length of summer program: 12 weeks

Minimum: 10 weeks

Maximum: 13 weeks

Average hourly wage: $NA

Are interns paid on lump sum basis? NA

Average total intern compensation: $NA*

NA*% of eligible 2006 interns received full-time job offers

NA*% of interns with offers accepted

NOTE: Capital One did not offer a 2006 summer internship program because 2005-06 full-time hiring needs more than doubled from the previous year; Capital One utilized summer of '06 to complete analyses on previous years' programs and revamp it for summer of 2007.

Applicants & New Hires

46* undergrad campuses where employer recruited 2006-07

30 undergrad campuses where employer made job offers

Applicants for entry-level jobs

2005: 5,421

2006: 8,479

2007: 8,206

Entry-level hires

2005: 95*

2006: 190*

2007: 148*

Entry-level hires who were undergrad interns

2005: 5%

2006: 2%

2007: NA%

Most important characteristics for new hires:

1-Analytical Skills

2-College Major

3-Work Experience

2006 new hires majored in:

3% Business

4% Computer Science

15% Economics

42% Engineering

2% Liberal Arts

25% Math

1% Science

0% Undeclared

8% Other

...and are:

NA% African American

NA% Hispanic American

NA% Asian American

NA% Other

60% Total minorities

19% Female

NOTE: Rrecruiting, application and entry-level hiring data are for campus recruiting only and are based on the academic year. A small percentage of entry-level hires may come through professional recruiting.

Salary & Benefits

Entry-level hires since Jan. 1

Average base salary: $55,000 to $59,999

0% earn less than $35,000

0% earn $35,000 to $39,999

0% earn $40,000 to $44,999

0% earn $45,000 to $49,999

30% earn $50,000 to $54,999

42% earn $55,000 to $59,999

18% earn $60,000 to $64,999

2% earn $65,000 to $69,999

8% earn $70,000 and above

Bonuses, Overtime & Perks

100% received signing bonuses

Average signing bonus: $9,000

100% received performance bonus first year on job

Average performance bonus, 2006: $5,750

0% of 2006 entry-level hires eligible for OT

100% of 2006 entry-level hires not eligible for OT

Reimburse employees for ed expenses?: Yes

Do employees become eligible immediately?: Yes

Maximum annual education reimbursement: $NA

Full grad school sponsorship for jr. level employees? Yes

Partial grad school sponsorship for jr. level employees? Yes

Time Off

Is there a Paid Time Off (PTO) Bank? No

If no, total paid vacation days:

During first year: 15

After 1 year: 15

After 3 years: 15

After 5 years: 20

After 10 years: 20

Total paid holidays: 8

Time off for religious observances: Yes

If yes, max PTO days:

During first year: NA

After 1 year: NA

After 3 years: NA

After 5 years: NA

After 10 years: NA

Total days off for religious observances: 2*

Is flex time available? Yes

Sick, personal days, first year: 10

Health Benefits

Do entry-level hires have access to health plan? Yes

Employees pay part of the cost? Yes

Does health plan provide dental coverage? Yes

Extra charge for dental coverage? Yes

Does health plan provide vision coverage? Yes

Extra charge for vision coverage? Yes

Are same sex partners permitted as dependents? Yes

Pension and Profit-sharing

Do entry-level hires have access to 401(k)? Yes

24 months to full vesting in 401(k)

Max. company match as a percentage of salary: 6%

Min. employee set-aside as a percentage of salary to receive max. co. match: 6%

If 401(k) match not calculated as percentage of salary, explain:

Are entry-level hires eligible for co-funded pension? No

Months to full vesting in co-funded pension: NA

Are entry-level hires eligible for profit-sharing program? Yes

Months to full vesting in profit-sharing program: 24

Maternity/Paternity Leave

Maximum Maternity Leave

40 days during first year

40 days after 1 year

40 days after 3 years

40 days after 5 years

Maximum Paternity Leave

10 days during first year

10 days after 1 year

10 days after 3 years

10 days after 5 years

Other Benefits

Does company match employee charitable gifts? Yes

Max. annual company match for employee charitable gifts: $2,000

Does company pay relocation expenses? Yes

Max. annual relocation expenses? $3,500*

Employee Discounts

Car rentals

Gym memberships

Cell phone/service

Insurance

Cultural events

Publications

NOTE:

Work Environment

50 hours worked weekly by entry-level hires on average

Does average vary by business unit, department? Yes

Entry-level hire work locations...

5% in open work stations

95% in cubicles

0% in shared offices

0% in private offices

0% have no company-supplied work space

Does organization monitor e-mail?: Yes

Does organization monitor Web usage? Yes

Typical dress code

Business Casual

Does organization sponsor employee volunteer opportunities? Yes

Does organization offer employee daycare? Some locations*

Does organization have fitness facilities on site? Some locations*

NOTE: McLean and Richmond, VA sites both have fitness facilities.

Back-up childcare is provided at these locations as well.

Training Programs

Does your organization have a formal orientation program? Yes

If yes, how many days is it? 5

Orientation includes:

Guest Speakers

Diversity Exercises

Team Building Activities

Tour of Facilities

Business/product overview, communication class, HR benefits information, observing customer interactions, and social events.

$NA average spent on training, per new hire, in 2006

Is there a formal leadership program for entry-level hires of a year or less? No

NA

Do candidates apply directly? NA

If not, how is eligibility determined? NA

When are new hires first eligible? NA

Is program rotational? NA

If yes, number of locations or business units: NA

Minimum rotations: NA

Maximum rotations: NA

Length of program, in weeks: NA

Minimum: NA weeks

Maximum: NA weeks

After program, employees offered permanent positions: NA

After program, do employees offered permanent position receive raise? NA

If yes, amount of typical raise: NA

Is there a formal leadership program for entry-level hires of a year or more? Yes

Finance Rotation Program

Do candidates apply directly? Yes

If not, how is eligibility determined?

NA

When are new hires first eligible? Other (explain below)

Hired directly into program

Is program rotational? Yes

If yes, number of locations or business units 3

Minimum rotations: NA

Maximum rotations: NA

Length of program, in weeks: 104

Minimum: NA weeks

Maximum: NA weeks

After program, employees offered permanent positions: 75% to 99%

After program, do employees offered permanent position receive raise? No

If yes, amount of typical raise: NA

Does company have formal mentorship program? No

NA% of entry-level hires participate

30 days of additional training expected

Getting Ahead

Three-year retention rate: NA%

Five-year retention rate: NA%

How are raises determined?

Performance

When are entry-level hires eligible for first raise? Less than 6 months

How are promotions determined?

Performance

When are entry-level hires eligible for first promotion? One-year anniversary

Evaluations

Frequency of evaluations

Twice a year

Important qualities

1-Analytical Skills

3-Effort

2-Profitability/Margin

Min. tenure in years required for job change: 1

Describe any rules that apply: Associate must meet specific performance objectives.

Long-Term Prospects

Does position of VP exist at this organization? Yes

If not, is there a comparable title? NA

No. of employees who hold VP or similar title: 380

No. of employees with VP or similar title with 20 years plus seniority: 20

Age of youngest employee with VP or similar title: NA

Seniority of youngest employee with VP or similar title in years: NA