Legacy Bank with a Pseudo-Product Management Organization - Recensione dipendente - Product Management presso Capital One

- Real product management doesn't exist here. For product management to thrive, you need an organization that empowers IC PMs to talk to customers, identify problems, and then work with their teams to come up with solutions that are valuable and feasible. For that to work, you need a bottoms-up or even middle management focused organization, not a top down organization. C1 has never operated that way. Instead of providing KPIs and business metrics for product teams to work towards, you get told what to work on and when it needs to be delivered by from middle and upper management stakeholders who know nothing about technology or how long it takes to deliver their asks. Ultimately, you become a project manager instead of a product manager. I know that there are pockets (from what other C1 PMs have described to me) of product management at C1 that more resemble traditional product management, but you never know until you start working in that organization. - I won't spend too much time on the stack-ranking performance review for my review. Ready literally any other review here and you'll see that it's atrocious. I don't understand how C1 leadership came to the conclusion that forcing out the bottom 15% twice a year would foster a collaborative and productive environment. It doesn't, and the teams generally run under the motivation of fear and nonnegotiable deadlines rather than thinking of unique ways to solve problems. - Related to the above: because of stack-ranking performance reviews, career opportunities at C1 completely depend on whether or not you have a good manager, your manager's manager is also good, and you don't get staffed on a project/product that's already over-budget and not delayed. Basically, you will never know until you actually join your team if you'll be in a favorable position to advance through the company. Good luck.