CIT Reviews

Updated 13 April 2015
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3.2
159 Reviews
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CIT Chairman and CEO John A. Thain
John A. Thain
73 Ratings

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 Pros and Cons

Employee Reviews

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  1. Helpful (1)

    Good Place to learn but Huge Politics

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Contractor - Service Desk Coordinator in Coimbatore
    Former Contractor - Service Desk Coordinator in Coimbatore

    I worked at CIT as a contractor (less than a year)

    Pros

    Good place to learn a lot for Beginners, Good use of technology
    Good exposure towards client interaction

    Cons

    Outdated Software system
    Huge politics, Low ethics, very less importance is given to human values,
    Complicated internal processing system

    Advice to Management

    Pls stop outsourcing processing
    Bring all the off role employees to on role as if everybody is working the organisation, and avoid discrimination inside organization

  2. Vice President

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

    I have been working at CIT full-time (less than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Collegiate and collaborative atmosphere...at CIT, even when in a control or risk function people are polite and ready to work toward solutions. It is a refreshing and energizing place to work. Work-life balance is also excellent.

    Cons

    As it continues its transition from finance company to bank, there are some adjustment pains. The different functions don't always know their boundaries, and new policies and procedures need some weathering.

    Advice to Management

    Keep up good work toward bank organization and controls, but don't forget our origins in middle market and equipment financing.

  3. Loved it, dynamic place

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

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Manager cared about my development and offered many opportunities to apply myself. Great pay and room for independence.

    Cons

    Few birthing pains as the company was still growing, so one had a few delays here and there as posts/systems were being filled/developed. Felt like a bit of a startup as the company is transforming itself.

    Advice to Management

    Stay on the current path as change is essential and refreshing.

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  5. Helpful (1)

    Full of opportunities in terms of areas of opportyunity found. Managment could do much better

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

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

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Location if you live in NJ is convenient
    Competitive benefits
    Good progress oportunities if you are lucky enough to work for the "New School Management"
    Good work-life balance overall

    Cons

    Can get stucked if you are working for the "Old School Management"
    Carreer path not clearly traced
    Need imporvment on people motivation
    Poor senior management (Old School memebers)

  6. Ok place to work

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

    I have been working at CIT

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Flat management structure. Good cafeteria

    Cons

    Promotion and recognition very slow.

  7. Operations Clerk

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at CIT

    Pros

    Very Good working environment

    Cons

    Basic Salary is not high

  8. Helpful (1)

    AVP

    • 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 8 years)

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Location is very convenient if you live in NJ.

    Cons

    Offer better pay and career advancement.

    Advice to Management

    Offer competitive compensation.

  9. Helpful (2)

    looking Back

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

    I have been working at CIT full-time (more than 5 years)

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    Jobs at the Director and above pay well and I these folks will continue to do well. No real appreciation for worker bees

    Cons

    NYC Centric Management - Mix of tribes inside the company that don't work together well.

    Advice to Management

    Get some good Middle managers -

  10. Great

    • 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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Money money money money money

    Cons

    Hours hours hours hours glues

    Advice to Management

    None

  11. Helpful (2)

    Just a job, not a career

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

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

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    - Friendly, easy-going people
    - Work life balance / Flexibility
    - Good benefits overall
    - Decent middle-market deal experience
    - Fairly stable employer

    Cons

    - No growth or career development if you have the wrong manager ( 4th year analysts, 5 year associates, etc. that actually do a reasonably good job). People at the Director level and some life-time VP's never leave which further compounds the problem
    - Pay is well below comparable companies
    - Poor employee performance is tolerated
    - High turnover
    - Middle management very unhappy

    Advice to Management

    Pay attention to your middle management who are driving projects to completion and becoming more disengaged each day.

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