Center 1 (19052), United States of America, McLean, Virginia

Product Development Program Associate - Carnegie Mellon University - 2025

Key Role Details

• Full-time new hires for this role will start as a cohort in a rotational program in August 2025.

• This role is a full-time associate position within a two-year rotational program, designed as a career accelerator to foster the next generation of leading talent.

• Rotations occur at the one-year mark and allow for hands-on experience in two distinct roles.

• Associates who participate in this program may choose to remain in their final role placement upon completion of the program or explore other opportunities at Capital One.

• Participation in the program requires that you are located in the continental United States with in-person attendance at your assigned location, for the duration of your time in the Program in accordance with Capital One’s hybrid working model.

At this time, Capital One will not sponsor a new applicant for employment authorization, or offer any immigration related support for this position (i.e. H1B, F-1 OPT, F-1 STEM OPT, F-1 CPT, J-1, TN, or another type of work authorization).

Basic Qualifications

• Currently has, or is in the process of obtaining, a Bachelor’s degree or higher with an expectation that you will complete your most recent full-time degree program by August 2025 or earlier

Preferred Qualifications:

• Demonstrated interest and experience in product management, software delivery, data science, software engineering, or leveraging software to solve customer and business problems

• Technical undergraduate major such as Computer Science or Engineering preferred. Other Science, Technology, Engineering, Mathematics (STEM) or quantitative (e.g., economics, statistics, finance) undergraduate majors encouraged

Product Development Program Associate - 2025

In our 30 years as a founder-led public company, Capital One has grown from a small, credit card start-up that pioneered to completely redefining who we are as a company and outpacing other financial services companies in our use of technology to transform an industry. At Capital One, we believe great products create value for customers, positively impact our bottom line, and are powered by cutting edge technology and great product managers. What motivates us every day is that we have both the opportunity and responsibility to help our customers with their financial lives - to save them time, money, and to inspire a sense of optimism about the future, every day.

If you’re interested in Capital One and a development program that enables you to create a strong foundation by building new products that are grounded in customer research, business strategy, data and tech best practices, then the Product Development Program is a great place to begin your career journey.

As part of the Product Development Program, you will:

• Gain hands-on experience leveraging new technology while building product management skills in two distinct roles over two years

• Develop leadership skills in the professional setting through meaningful interaction with product leaders

• Leverage data and customer insights to understand customer and business problems, make strategic business decisions, and lead high functioning tech teams to implement solutions

• Participate in Experiential education weeks focused on leadership development, challenging strategic problem-solving exercises, and extensive networking activities

As an Associate Product Manager at Capital One, you’ll be at the heart of shipping new products and driving innovation on platforms that delight and improve the experiences of our external and internal customers, expanding our reach into new spaces and impacting the bottom line on a daily basis. This role will challenge you to understand and manage tradeoffs between customer needs, business strategy, and technology. You will work closely with expert designers, developers, business analysts and data scientists in an agile, collaborative environment that values your insight, encourages you to take on new responsibilities, promotes continuous learning, and rewards innovation.

In your role, you might:

• Manage an engineering team to ship, scale, and improve products that delight our customers and position our company for substantial growth. You will work alongside your product team and learn how to strategically influence product direction and prioritize features, actively manage a backlog, and clear impediments for the team.

• Own the success and life cycle of features for your product /platform, setting its strategy and driving prioritization decisions toward improvements. You will test and learn your way to something new while taking into account business strategy, market analysis, user feedback, analytics and technology best practices.

• Partner with experts to craft and drive long-term business strategy. You will strive to solve the right problems and steer away from the wrong ones by deeply understanding our business, developing customer empathy, and integrating multiple streams of data.

• Collaborate with internal partners. You will rally your team to deliver your vision while participating in relevant governance and risk forums and building strong relationships with diverse stakeholders.

• Engage with your network of developers, designers, analysts, data scientists, customers and other subject-matter experts and leverage them to build cutting-edge products.

The Ideal Candidate Would Be:

• Curious. You ask why, explore, and bring your unique perspective to the table. You’ll grow comfortable with ambiguity, fueled by a hunger to learn and constantly seeking new challenges.

• Action-Oriented & Committed. You aim to take action, try new things, and sometimes fail. Roadblocks won’t set you back, because you’ll stay focused on your goals. You’re organized, excited, juggle multiple deliverables, and prioritize your work while always utilizing data analysis, technology, and human centered design to understand how the product you are creating affects your customer.

• Up for a Challenge & Hardworking. Big, undefined complex problems will be exciting for you as you work to identify well-rounded solutions.

• Customer Focused. You empathize with those around you and care about their success, as you bring people together around what’s possible. You have the desire to connect with our customers, both internal and external, to deliver products that will have a meaningful impact.

• Innovative. You have an entrepreneurial spirit with an aptitude and interest in learning to build new products and platforms with tech solutions and want to understand how they work at an atomic level.

• Communicative. You always keep the people around you in the loop and are excited to communicate complex ideas clearly to make sure your co-workers understand the “why” behind their work and their key priorities.

• Inclusive. You consider and respect others’ opinions and experiences, and you proactively seek out ways to invite diverse perspectives to the table.

• Collaborative & Team-Oriented. You thrive in a collaborative team environment. As part of our crew, you will learn to energetically rally diverse groups in pursuit of a common goal.

• Passionate about technology. You are eager to learn about technology and partner closely with engineers to leverage cutting edge technology for our products.

The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

New York City (Hybrid On-Site):

$113,000 - $113,000 for Product Development Program

Candidates hired to work in other locations will be subject to the pay range associated with that location, and the actual annualized salary amount offered to any candidate at the time of hire will be reflected solely in the candidate’s offer letter.

This role is also eligible to earn performance based incentive compensation, which may include cash bonus(es) and/or long term incentives (LTI). Incentives could be discretionary or non discretionary depending on the plan.

Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at the Capital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

This role is expected to accept applications for a minimum of 5 business days.

No agencies please. Capital One is an equal opportunity employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex (including pregnancy, childbirth or related medical conditions), race, color, age, national origin, religion, disability, genetic information, marital status, sexual orientation, gender identity, gender reassignment, citizenship, immigration status, protected veteran status, or any other basis prohibited under applicable federal, state or local law. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City’s Fair Chance Act; Philadelphia’s Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.

If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.

For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.com

Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.

Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).

If you’ve heard our name before and are eager to find out more about us, hold that thought. Because we’re here to lift the lid on our collaborative and empowering culture, our diverse and supportive teams, plus our innovative approach to banking. Add to that the huge range of training, professional development, and personal growth opportunities we offer, and it should be easy to see why so many people are choosing to explore life at Capital One.