Pros
Capital One has great people that are smart and fun to work with. There are good opportunities for young ,smart and talented employees that want to learn and have a meaningful impact on results. Compensation is great -- better at most levels than a comparable company. While most work hard, the environment is flexible - which makes it easy to have a good work life balance.
Cons
The company has a Very Unfair process for recognizing individuals for promotions and performance reviews. Managers jointly decide on all staff --- creating a highly political environment where strong managers get their staff good ratings and promotions and weak ones don't. It is always hard to understand why some get promoted and others loose their job. The announcements are always a suprise. Also, executive management views employees at all levels as completely disposable. No job is secure, regardless of performance. Politics rules the day.