Open culture mentality is a farce, political - Senior Project Manager Capital One Employee Review

2.0
May 7, 2013
Recommend
CEO approval
Business Outlook

Pros

Decent benefits, insurance plan is through Aetna, 401k with matching, paid federal/bank holidays 20-25 vacation days and sick time is at your will (meaning it is paid and unlimited for exempt). Ability to work remotely HOWEVER it is at the discretion of your supervisor and many do not allow or encourage it. Most departments have a good work/life balance. Pay is ok, merit increases and bonus potential

Cons

The culture is very political and all about how well you play the game. If played exceptionally well you will go far. Your work does not speak for itself, your ability to play does. This is evident in the performance review process. The fact that you've successfully done your job well can still lead to an "inconstant" (below expectations) or "strong" (which is average and most common) rating. The rating is determined in management calibration sessions which rate your performance against everyone else at your same level (not job title). So if someone at your level has gone above and beyond (which always occurs), this then creates the standard for which you should've followed. This makes it impossible to set goals and be confident that if you've met them you've performed well, since you are ranked against your peers not against goals set by you and your manager. And these are peers in various states and locations so you more than likely will not even be aware of what others are doing. This process leads to less teamwork and knowledge sharing and more individualism. As with most companies, your direct manager can make or break your experience. There are good managers, however, there are a lot of managers who are self serving and not supportive. With the numerous mergers and acquisitions, the company looks at the acquired employees as inferior and their opinions and recommendations based on experience is not welcomed. Conform or else. The "Best Company to Work For" ranking is questionable. I've never met an employee who felt that strongly. Advancement is contingent on the above and can be limited or non-existent. Job security is non-existent constant acquisitions and reorganization creates rolling lay-offs. New to the banking industry, but not willing to learn. Lots of federal compliance violations exist (but not widely discussed). Technology is lacking and in some ways is less than the industry standard.

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Pros

Work life balance is a huge pro

Cons

Pip culture is a huge con

2.0
Jul 15, 2026
Recommend
CEO approval
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Pros

Salary, benefits, mobility for internal transfers

Cons

I have been a part of Capital One for more than 20 years, most of my career. It was an exciting growth culture in the early years. Our team culture was very strong. People looked out for each other and worked toward a collective good. Around 2019 a shift began in leadership. Politics became more important and forced distribution, stack ranking, and performance management targets became more prevalent. When the pandemic hit, it broke the strong in person culture of this company. Many left for the lure of FAANG and other companies offering remote work for promotion and higher pay. It was a chance to jump the line and come back later. In the meantime COF hired people who tired of the relentless pace of Amazon, Google, and other tech companies. We also hired in big bank culture of JPM Chase and Goldman. This has resulted in a toxic, political, cutthroat culture with constant reorgs. I’m planning to leave this organization in the next 12 months. It is sad what it has become. I know tenured leaders, great people who look out for others and have helped me succeed over the years, who are miserable here. DFS colleagues from the acquisition are leaving in droves.

5
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