CIT Group Reviews

Former Employee – worked at CIT Group

Pros – Has good medical and dental benefits

Cons – Since the new CEO and CIO joined the company, many re-organizations have occurred and jobs impacted. Didn't take the time to assess talent and move individuals to different positions.

Current Employee – been working at CIT Group full-time for less than a year

Pros – Pay... maybe. CIO is new, and there's hope.

Cons – Stifling, bureaucratic, extreme administrative overhead. People cannot seem to execute on new. Stuck in hierarchy and fiefdoms. The market they're in is rife with opportunity but the "guard" stops any innovation in it's path. Antiquated infrastructure with zero tools for collaboration.

Advice to Senior Management – Clean house.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

Current Employee – been working at CIT Group full-time for more than 7 years

Pros – Decent benefits. Pay is okay.

Cons – Management is very disorganized and change the rules of the game every few weeks.

Advice to Senior Management – Get your act together already. You need organized training for the employees.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

Former Employee – worked at CIT Group full-time

Pros – Overall decent benefits; great opportunity for new graduates to "get the feet wet".

Cons – Not a long-term environment; continuous layoffs aimed at reducing expenses. Limited mentors.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

Former Employee – worked at CIT Group

Pros – The benefits package wasn't too bad. I was able to get most days off. Some of the other supporting staff was very pleasant to work with on a daily basis.

Cons – Management at local office was more concerned about the bottom line than the underwriting the correct way at times. This was a problem throughout the whole sub-prime industry. Doing the right thing and following guidelines all of the time would get you labeled a trouble maker. When asking for days off management would sometimes ask too many questions about why you wanted to take a day off or use a personal day.

Advice to Senior Management – Better focus on quality control and lending within CIT guidelines.

No, I would not recommend this company to a friend

Former Employee – worked at CIT Group

Pros – Technology is leading edge. Some of the front line technologists left are very highly skilled. Most have left or were outsourced to India.

Cons – Outsourcing culture. Senior management is very susceptible to group think. Like minded individuals with poor management, decision, and communication skills who surround themselves with individuals with poor management, decision, and communication skills.

Advice to Senior Management – You have lost the company's trust. Decisions that were made to make CIT a Fortune 200 company have backfired and now the company is trying to survive during this financial crisis.

No, I would not recommend this company to a friend