I applied through a recruiter. The process took 2 weeks. I interviewed at Capital One (McLean, VA) in Sep 2011
Interview
A recruiter called me for a phone screen. This was followed by a link to take an online GMAT-style exam. This was then followed by another phone screen with an HR partner at Capital One. Finally I was brought in for a final round of interviews, which included to cases and one behavioral interview.
Interview questions [1]
Question 1
A case question about finding or computing the value of the company's initiative into a new loan/credit business area.
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.