CIT

  www.cit.com
  www.cit.com

CIT Reviews

Updated 24 November 2014
Updated 24 November 2014
140 Reviews
3.0
140 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
CIT Chairman and CEO John A. Thain
John A. Thain
66 Ratings

Review Highlights

Pros
  • Depending on which department you are in, you usually have a great work life balance (in 16 reviews)

  • Good benefits package and reasonable work/life balance depending on role (in 15 reviews)


Cons
  • Senior management is not in touch with all of the businesses (in 8 reviews)

  • this was once a good company but senior management team broke it and continue to drive this ship in the dirt with reckless abandon (in 5 reviews)

More Highlights

48 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    Risk Analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at CIT full-time (more than an year)

    Pros

    1) In Flux
    2) Work Life balance
    3) Bonuses

    Cons

    1) Bureaucratic
    2) Political
    3) Myopic
    4) Analysis Paralysis
    5) Incompetent

    Advice to ManagementAdvice

    Layoff people in overstaffed departments.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    The company is defined by the wonderful people with whom you work

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at CIT

    Pros

    Great employees with good intent.

    Cons

    The company has no clear vision that can be articulated by the staff. Too many layoffs has depleted the enthusiasm of its wonderful employees.

  3. 2 people found this helpful  

    Nice place to work if you just want a job

    • Comp & Benefits
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at CIT

    Pros

    Good work life balance. Hours are reasonable.

    Cons

    The company is trying to move all it's jobs to JAX Florida. So if you are working in NY or NJ chances are they will not promote you or provide you opportunity for job growth as every new position is moving down to Florida where it is cheaper.

    Advice to ManagementAdvice

    Your employees see what is happening and are moving to cruise control waiting for their packages

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  5.  

    Good corporate lender, lacks the culture to be competitive in investment banking.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at CIT

    Pros

    Strong industry knowledge, good private equity relationships.

    Cons

    Timid calling officers and corporate culture.

    Disapproves of CEO
  6.  

    manager

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Manager in Livingston, NJ (US)
    Former Employee - Manager in Livingston, NJ (US)

    I worked at CIT full-time (more than 10 years)

    Pros

    High quality workers, very respectful

    Cons

    trend is to request a more difficult work load

    Recommends
    Negative Outlook
    No opinion of CEO
  7.  

    Good work/life balance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Analyst in New York, NY (US)
    Current Employee - Analyst in New York, NY (US)

    I have been working at CIT full-time (more than 3 years)

    Pros

    There is a Good work-life balance.

    Cons

    There are Limited opportunities for advancement.

    Recommends
    Neutral Outlook
    No opinion of CEO
  8. 2 people found this helpful  

    Average company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Finance in Livingston, NJ (US)
    Current Employee - Finance in Livingston, NJ (US)

    I have been working at CIT full-time (more than an year)

    Pros

    Good place to be for working parents looking for work place flexibility. Appears to a firm that is looking to grow especially thru OneWest acquistion. Strong executive leaders that are respected on Wall Street have brought CIT much relevance.

    Cons

    Senior management lacks transparency. In certain groups things change and we end up finding out from other departments. Certain managers seem to only care about themselves and fail to communicate important issues to staff. This leads to inefficiencies and low morale. Unfortunately this has lead to lots of turnover. Also IT has many issues including speed of service and increased disruptions.

    Advice to ManagementAdvice

    Start caring about your employees. Do not view them as just a #. The company also needs to be clear and stop dancing around true issues and resolve them with a consistent approach.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Slow paced, workaday attitude.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous
    Former Employee - Anonymous

    I worked at CIT full-time (more than 5 years)

    Pros

    Low stress most of the time.

    Cons

    Technology is very outdated. Small raises. Limited growth potential.

    Advice to ManagementAdvice

    Notice and reward hard work b

    Recommends
    Neutral Outlook
    No opinion of CEO
  10. 1 person found this helpful  

    Great HR, benefits package but IT Management- recycled failures from other financial institutions

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Assistant Vice President in Livingston, NJ (US)
    Current Employee - Assistant Vice President in Livingston, NJ (US)

    I have been working at CIT full-time (more than an year)

    Pros

    Great HR, Benefits, etc... A great place to just collect a paycheck, if you have no drive or career goals.

    Cons

    Just a paycheck with ZERO career opportunity unless you previously worked with and are friends with the current (former failed BOA IT managment) now in place.

    Advice to ManagementAdvice

    None...

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  11.  

    Was a great company to work for several years ago.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at CIT

    Pros

    At one time seemed very interested in development, training, and advancement of employees. May not be too far gone to get some of that back.

    Cons

    In the past year or two, Integrity and honor seems to have been replaced by the typical big bank "everyone is replaceable at any moment for any reason" stance. Pays well but certainly isn't a stable work environment.

    Advice to ManagementAdvice

    Nothing. The decisions coming from executive row seem to be made in a vacuum, at least with regards to working conditions or employee relations.

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