CapitalOne FT - BA and Strategy Associate
Anybody hear anything? I've heard from a friend that they got an R1 for strat. A recruiter told me that applications are rolling, but I don't know if invites are individual or batched.
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yep got a R1 for strat, applied a few days after it opened
Did you apply for FT or an internship? I see the FT app, but internship does not seem to have opened yet.
ft
also got r1 for strat
Which one is better to apply for? Bit confused on the divide
They're both good, pay the same, and have mostly similar office locations. Strat is <200 people, BA is 4000. Strat is more PPT, BA is more excel/BI (but not as much as data analyst).
Thanks! Is Strat more focused on the core business then, or is it just higher-level, if you know?
BA is not 4K. Working there right now, its much smaller, although not as small as strat group.
1) Does Capital One have internships for these teams?
2) Where do you guys find Capital One's postings?
bump
Cap1 has a BA internship at least. Unsure on strat but I think so. I was contacted by a recruiter, but it's also available on their website.
They had it last year
Yes there’s a strategy internship program. It’s just pretty small comparatively
Open to undergrads, or MBA only? I found the BA internship easily enough, but their strategy page says nothing is available. Maybe it closed?
I’m not sure about MBA, but for sure undergrads
Also got a R1 for C1 Strat. 30 minute case interview, then final round Power Day (2 case, 1 behavioral, 1 written case). Any insights on what the cases would look like?
recruited last year, cases are all standard. don't overthink it and the industries you'll get in these cases
Did any of y’all get a confirmation email that says like “Thanks for applying”? I didn’t get anything like that and I’m wondering if there was error on my part.
I didn't get a confirmation email either, so wondering the same
I didn’t either 😭
Highly recommend the BA/SA programs. I'm finishing up my BA summer there right now and planning on returning FT. 50 hours per week max, great culture, and super interesting work. You get the opportunity to develop a more technical skillset if you want which is great, I have some buddies working in Python all day and others doing more strategic competitive research. Unimportant but theres also a ton of free food and booze which is nice. Happy to answer any questions anyone has.
1) Could you walk us through your recruitment timeline? Thinking about networking, the online assessment, and interviews.
2) Quick summary of your internship experience thus far? It sounds fantastic, very similar to what I'd like to do. Would love to hear about any projects you were on, as well as the team dynamics.
Sure!
1. Networking isn't really required, but good to get a feel for what different areas of the company are like. Interview process is a resume drop, then assessment, then first round, then super day. Assessment is a big excel test with some short answer questions as well. First round is just a case interview, although some people I know were accelerated to SD immediately. SD is 3 interviews, 2 are cases and 1 is a product focused interview. Cases are same as MBB but with a heavier quant focus. Product is essentially a big brainstorm where you're given a household item and asked for 10 ways to improve it. You have about a minute to think before they expect answers. The rest of the interview is talking through your improvements and going deeper on a couple. Think questions about how you would test performance over time, data points you'd look to, etc.
2. Internship has been awesome, most of my day-to-day is SQL and excel, although Im at the point where Im building out a deck to present to my VP. There are a bunch of different areas you can get placed into, most people want Card, and I was fortunate to get placed into a super cool Card team. Most days I get in at 9 and out by 6, although the full time folks on my team will work into the night sometimes depending on what the "ask" is. There's 2 other interns on my team along with 5 FT folks, everyone is super cool and we get along quite well. There's a heavy focus on feedback and development which I like. I meet with my Sr Director multiple times per week to chat about my progress and questions, as well as just to shoot the shit.
In sum, people are pretty chill but very sharp. If you try to bullshit and ride the wave you will get exposed. Great technical skills are tablestakes for doing well. People care about WLB but there is an expectation that at times you will sacrifice it.
I really enjoyed my summer and can see myself there long term.
can someone link the applications for both? or has the deadline passed -- I'm seeing "this job cannot be found" when I try to search it up
Strat associate was open when I checked a few days ago, but BA is closed for now. I think they open it back up later if they still have seats left (but heard from a current intern that they don't expect to).
Are you referring to FT or internship for those?
FT
+1 on this, have been hearing the same thing
Currently working at C1 and spoke with recruiter today, full time BA will most likely open again but they closed it for now so all current applicants could be interviewed on a quick timeline
Does anyone know anything about a written case for the 2nd round of strat?
its made to test how well you can digest/analyze/present a lot of info in a short period of time. They'll let you analyze a ton of info and at the end come back to ask for your rec. Can't really prepare for it per say but definitely just practice a lot of chart analysis when you run normal cases and get a good night of rest before your interview lol
oh so there's no creating a PowerPoint or writing involved? I read that online haha
Not for strat, they will give you materials already, you just have to consolidate and tell the story
Did the virtual tryout but didn’t get email confirming it was completed- is there just not an email?
What’s generally the turnaround time between R1, getting Power Day invite, and the Power Day itself?
I had about 2 weeks between PD offer and the actual PD
in terms of when you find out if you move on, for strat you will get a call from your interviewer(s) the evening of if you are selected to move on / receive an offer
did they close strat. internship application?
idk about internship, but the deadline for FT was monday (but i submitted tuesday and it says the app went through)
Just picked up my 4th straight rejection without interview, this time from CapOne strat. Fellas we're gonna find out just how waterproof my toaster is pretty soon here.
Sorry about the rejection -- don't worry something will come along soon enough! Out of curiosity, when did you apply? Also, was it FT or intern?
Applied July 10th, FT. Was invited to a private coffee chat via a recruiter too...
You should apply for BA as well then
I have, and got an interview last year. We'll see how it shakes out this year.
Does anyone know when we will hear back for R2? Just finished my R1 today
Likely today or tomorrow. How do you think it went?
Had my first round today as well
How was the R1 for the case?
I thought it was fair, not bad at all
Has anyone heard back from R1 yet? Also genuinely curious if C1 is actually actively hiring - I heard there were layoffs but mostly in SWE roles.
Anyone hear anything about the BA, not strat, FT role yet?
got a r1 interview request a few days ago
Just got a round 1 for BA!
just got the call for R2 (strategy)!
Was it from the recruiter?
from my interviewer
Who was your interviewer if you don't mind sharing?
I received a call for power day invite in the evening, the same day as my AM interview. Also from my interviewer
is the power day next week or did you personally schedule it?
Got a scheduling survey for three options next week.
Does anyone know roughly how many 2024 grads c1 will hire for strategy? it seems like a lot of people are getting interviews, at least for R1. also any info on the breakdown of DC vs NY office hiring?
For both BA and strat vast majority of roles are in DC
How long did it take people to hear back after they applied?
roughly 1-2 weeks
about a week and a half, including a weekend
Just got BA FT Digital First Round online problem solving exercise. Seems like some people got Zoom first round interview though???
I also had the Digital First Round last year for the internship cycle and made it to Power Day so no idea if it indicates anything
I think most of the people who have gotten first round virtual interviews are applying to Strat. BA timeline seems to be offset by a bit but I could be wrong.
I mean, I just got Digital R1 for BA but someone I’m in a discord chat with got Zoom R1 for BA. I’m just curious why theres different R1s for BA
Yep. Both BA and strat have a live R1 and a power day. New this year, BA has a mini digital case assessment which I believe everyone gets within 48hr of applying. For me, I applied 7/10, got my virtual case same day, completed it 7/17, and got my R1 invite 8/1. My R1 is scheduled for 8/8, and they stated a 24hr turnaround for a decision on that.
My BA R1 int this year isn’t live 🤷🏻♀️
Did all these people getting BA R1 interview invites apply before the application closed? Or did the application reopen?
I applied a day or two after it opened
Just got a digital first round as well I think I applied around 7/22.
I was notified of a R1 for strat a week ago but it hasn't been scheduled yet (supposed to be either next Monday or Tuesday). Anybody in the same boat?
Also how was the case interview for people who have already interviewed?
same boat as you. My friend did the R1 and said it was not terrible because you can also use a calculator.
I got a date confirmation the same day as the survey deadline but I had to follow up with my recruiter the evening before my interview to get the zoom link
Was in the same boat but just got an interview time.
Same here. Good luck!
Has anyone who interviewed this week heard back from R1 strat FT? I saw 1-2 posts here mentioning that they got a same day call, but nobody else
I think the usual turnaround is within 24 hours, but it could be as late as 3-4 days according to the guide!
I got a call next day (Tuesday)
How likely is it that people who get an offer will have the option to choose NYC as an office location? I heard it’s significantly smaller than McLean or the other offices but it’s kind of a dealbreaker issue for me since I have a lease in New York already.
A
Anyone have good resources for C1 style cases beyond the one they have on their website?
For those who had digital forst round- did anyone get confirmation after submitting??
deleted
What is the comp package these days for BA/SA (I remember strat having a tiny bit more bonus I think)? I know Cap1 was paying MBB-esque a few years back, wonder if that's still true with MBB at 112k + ~15-20% bonus
As far as I know NYC base is 113k but bonus is likely less than MBB, maybe 7-8k?
DC is 106 base and NYC is 113 base. Bonus is 8k max for both. Worth noting however that promotional asymmetries can yield very positive results. Have a buddy there that got promoted 6 months into his analyst stint and received 120+ base and 10% bonus
So is it basically that if we pass R1, we get that call (phone??) from the interviewer, but if we don't pass R1 we hear from recruiter?
how long do we think it would be to hear from a recruiter if we don't move on?
Not guaranteed either way. It's ideal that the R1 interviewer will call you, but if they're going to be OTOO, work conflicts, other interviews, etc. the recruiter will make the call.
Just did my case for BA, fucked it up tremendously. Kids, please don't forget how to do algebra like I did. Be better than me. If you're staring at 15000+x-0.1x=0. you can combine the fucking xs to 0.9x.
Case was about 40min long and was a total of 3min of brainstorming, 0min of frameworks, and 37min of algebra.
Sorry to hear that. Was this for ur R1?
Yessir
Did BA close already, or has the BA FT application not come out yet?
it was open very briefly for FT then closed again, people on here are saying they heard it was closed so they could review all the apps and would be reopened later
Good to know. Is it worth networking for the BA position?
Has anyone whos done strat R1 this week (8/7 or 8/8) heard back yet??
I interviewed today at noon and got a call 3 hours later saying I'm moving to the Power Day/Final Round.
I applied for strat 7/27 - haven’t heard back yet. Any idea as to when the next batch of interviews will go out?
has anyone heard back about c1 strategy internships?
Damn that was kind of a tough power day
Heavy quant focus?
For one of the cases yes. For the other one, more focus on qualitative stuff.
Was it still mostly basic algebra or what aspect was difficult?
What was so tough about it?
Completed my R1 for Strategy yesterday morning but haven't heard back yet. Has anybody heard back from a power day a few days after their interview before?
Has anyone heard back from AM power day today?
Does anyone know how CP1 BA compares to the FIP internship - trying to decide between the two, thanks!
FIP is more similar to Corporate Finance. AIP (BA & SA) is more similar to consulting. The Strategy team deals with Corporate strategy and works on a high level, while BAs have more ownership of their work.
Above poster is correct, you can think of BA as the midpoint between corporate strategy and product management. I would definitely prioritize AIP over FIP. AIP is a better gig in just about every regard.
Agreed, and yeah that's a good way to put it for BAs being the midpoint between the 2.
If you're interested in more traditional banking roles at Capital One I would recommend the CRP and IBDP program, which are the development programs for Commercial Bank and Investment Bank respectively. CRP is cool because you get to rotate across the Commercial portfolio (ie, Real Estate, Healthcare, etc.) while most other commercial banking college hire programs are locked-in to a set industry. IBDP is pretty new so I don't know much about it, but it covers Capital Markets under the C1 brand, and then Aerospace & Defense under KippsDeSantos and Healthcare under TripleTree. I will say that C1's focus is on the consumer front, and while it has grown a lot in Commercial over the past decade or so, its not the company's focus.
If we pass R1 for strat, do we only get a call from the interviewer or an email as well? Asking because I gave my US phone number in the application but I'm travelling abroad right now so I don't have access to my phone
rejection call came through today :(
was this after power day?
Just got BA powerday; looks like they’re holding first two weeks of September
Anyone hear back after Strategy R1 yesterday?
Delete
Just received a rejection email for Strategy R1. :/
On to the next.
When was your interview?
Yesterday. 8/14
I applied to the Strategy internship around July 24th. I was wondering if anyone applied around then and has heard back about an interview invite?
Just got a R1 for Strat, applied 7/27
Hey there,
It sounds like you're eager to get updates on a certain situation. It's interesting that your friend received an R1 for strat – that's great news! If the recruiter mentioned that applications are rolling, it's possible that invitations could be sent out either individually or in batches.
Remember, the process can vary depending on the situation and the organization's practices. Keep an eye on your communication channels and stay patient. Fingers crossed that you receive some positive news soon!
Best of luck,
Ahmad
Has anyone that did an R1 this week heard an update yet?
Heard back on the same day for the next round. But the email said to wait 3-5 days so it will vary in other cases.
When did you receive the email? I got the call back two days ago but still haven't received an email from the recruiter; I even followed up with the recruiter but no answer.
I had my R1 yesterday morning and only heard back just now (late Friday evening) through an email that I was invited to do a Power Day
Does anyone know how long it takes to hear back after a Powerday? Not sure if it makes a difference but I’m applying for Strategy group.
Heard back within 48 hours (no offer)
How was your experience in the PowerDay?
Anyone who got an offer know the comp this year?
Current BA ADP. So far no word on salary adjustments this year. Market is very different than last year so I doubt there will be one. That said C1 usually bumps up the SA/BA/DA ADP salary whenever MBB increase their associate level starting comp, so if MBB make adjustments I would not shocked if C1 follows.
Current comp amounts below:
NYC: 113k
Chicago & McLean: 106k
Richmond & Plano: 96k
Signing bonus is ~9k, 1.5k for relocation, and end year target bonus of 3k (range is 0 - 6k, first year bonus that'll be paid out in Feb will be a prorated amount out of 3k). There is also the employee stock purchasing plan (15% of salary can be dedicated to buying stock at 15% discount, you can turn around and sell it immediately), and 401k matching (C1 gives you 3k regardless of what you do, then 1:1 match for first 3% of your salary and then 50% match for the next 3%). Work phone and home office supplies (keyboard, mouse, monitor, desk chair, headphones, etc.) are done through your manager.
This is outdated. Signing bonus for August 2024 ADP class is 20k
Had R1 three days ago and haven't heard anything since - anybody in the same boat?
Anyone heard back with an offer after a Power Day?
Also waiting
You heard back yet?
Nope - nothing
Has anyone in strategy heard back with an offer/rejection?
Radio silence
Got a call this morning with offer for strat
Offer details?
FT package is 106k base, 0-6.6k bonus, 20k signing, 1.5k relocation
Received offer for Strat
Congrats! Did you get the offer letter on workday yet?
Yes, I did
Anyone hear back after interviews today?
bump
Had r1 yesterday and got a call yesterday too for final round
Did you get a power day info email yet?
I got a call yesterday for final round too and still no follow up email to schedule.
had a 1r yday - havent heard back
Had one last Tues and still have not heard back after two follow-ups
heard back w a superday
what were the date options for you?
Has anyone heard back after interviews today?
nope, I haven't, when was your interview
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