CIT Reviews

Updated 21 October 2014
Updated 21 October 2014
129 Reviews
2.7
129 Reviews
Rating Trends

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

Review Highlights

Pros
  • Depending on which department you are in, you usually have a great work life balance (in 13 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

Employee Reviews

Sort: Popular Rating Date
  1.  

    Great Company positioned for growth

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

    I have been working at CIT full-time (more than 10 years)

    Pros

    Great culture with smart people and excellent work life balance.

    Cons

    Red tape to get things done can be challenging.

    Advice to ManagementAdvice

    Streamline processes and invest in current technology.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    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
  3.  

    Excellent place to work and develop

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

    I worked at CIT full-time (more than 8 years)

    Pros

    Fair compensation, opportunity to grow and develop your skills and learn new ones. Professional atmoshphere

    Cons

    some middle managers tend to treat their departments as though they are their personal fiefs.

    Advice to ManagementAdvice

    Invest in the best and brightest people and you will reap substantial dividends.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    good experience, nice people, overall very good firm

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

    I worked at CIT as an intern (less than an year)

    Pros

    good training, strong leadership, excellent people

    Cons

    work can get monotonous at times

    Recommends
    Positive Outlook
    Approves of CEO
  6. 1 person found this helpful  

    Great company, just be careful who you work for...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Staff Accountant in Jacksonville, FL (US)
    Former Employee - Staff Accountant in Jacksonville, FL (US)

    I worked at CIT full-time (less than an year)

    Pros

    Great company, good benefits, nice atmosphere. Most employees are friendly and willing to help you succeed.

    Cons

    I was hired while still in school and expected to know as much as others who have been working in accounting for 5+ years. Training was minimal/unorganized. No on-boarding or introduction to company. Interns got more training and learned more about the company than new hires. Depending on your department, you may be expected to work some insane hours. My manager always pointed out the negative, never said anything good, and definitely played favorites with employees.

    Advice to ManagementAdvice

    Look at departments with high turnover and ask what's going on that people aren't staying.

    Recommends
    Neutral Outlook
    Approves of CEO
  7. 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
  8.  

    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
  9.  

    Horrible Company

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at CIT

    Pros

    Really can't think of any other than the benefits. Nothing good to say about this company.

    Cons

    This company has been under a constant restructure since I started working there in 2008. Management keeps putting employees in new positions without giving them a choice in the move. They can't get any process to work so they keep switching gears while putting the employees thru hell. The pay is lower than other companies. Corporate politics and culture is highly toxic. Management fuels a hostile work environment.

    Advice to ManagementAdvice

    Close the doors go out of business since that is where you are heading.

  10. 1 person found this helpful  

    Terrible place to work

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

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

    Pros

    If you work in the Livingston office, it's an easy commute for those in nearby suburbs who have a car. If you live in NYC and don't have a car, it's a train and then a 20 minute cab ride, because Livingston is not near any form of public transportation.

    Cons

    Some very talented employees, but many managers are inept in their ability to manage staff. Some are rude and disrespectful. HR dept is dysfunctional. Good performance not rewarded financially. Constantly chasing meaningless metrics. Outdated technology; company is still using Internet Explorer 8.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  11.  

    Solid experience at CIT -

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

    I worked at CIT as an intern (less than an year)

    Pros

    Smart nice people, certain divisions growing really fast. The CEO has done a good job of growing the company. The corporate culture is hard working but definitely not crazy.

    Cons

    In certain division, disorganized but people have good spirits about it. Certain divisions don't seem too busy but some are overworked.

    Advice to ManagementAdvice

    Get some wins and hire more -

    Recommends
    Positive Outlook
    Approves of CEO

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