Recruiter screen then phone case.. After the phone case there would have be a final round with case questions, but I didn't make it that far. I believe that I answered the qualitative case questions really well. But needed a bit of guidance regarding the quantitative questions. I answered them correctly, but probably not fast enough for their liking. Additionally, there was some confusion over the interviewer's verbiage. I think Capital One pays too much attention to how quickly you an solve the problem. And doesn't place much emphasis on other elements important to the case like your thought process and the more qualitative elements. For that reason it's probably not a good fit.
Interview questions [1]
Question 1
Lotteries are typically run by government agencies. Governments often use the funds for public school education, etc.
1. Why might people buy a lottery ticket?
The lottery has 3 prize levels and when you buy a ticket you are put in contention for all 3 prize levels
Odds:
1st : 1 in 10 million, the prize is 1 million
2nd :1 in 1000, the prize is 200
3rd :1 in 10, the prize is 5 dollars
2 million tickets are sold
Tickets cost 2 dollars to buy
4 million in revenue from ticket sales
2. On average, how much should an individual expect to win from the lottery?
3. Is buying the lottery ticket a good deal for consumers?
4. How can the lottery attempt to sell more tickets?
Let’s say, the lottery modifies its prize structure
They decide to add an additional 4 million in prize money, split between the 2nd and 3rd options. This money is split collectively between all winners
1st :1 in 10 million, the prize is 1 million
2nd :1 in 1000, the prize is 200. There is also a 2 million prize which will be split collectively between the winners
3rd :1 in 10, the prize is 5 dollars. There is also a 2 million prize which will be split collectively between the winners
5. What is the collective value of a ticket now?
6. How many additional tickets does the lottery have to sell to break even on the money they put toward the new prizes? Assume, they’ve already broken even on the cost of the other lottery prizes.
7. Is it viable to sell that amount of additional tickets?
Recruiter Call, Mini Case and then a power day with 2 case studies and 1 product case study. Process was overall smooth. Appropriate documents and resources were provided to prep for the interview.
The interview was based on 3 phases. First was screening on call then a video interview with mini case then a power day with 3 phases including product interview, case based and economics based.
First, Screening call: the HR simply walked you thru the interview process and schedule the next round of interview - mini-case. I haven't done the mini case yet. Mini case, just search online for potential cases and prepare for it.