CIT Reviews

Updated 24 October 2014
Updated 24 October 2014
130 Reviews
2.8
130 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 15 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

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  1.  

    A temporary employee through Kelly Services. Last year at employer 2009

    Former Employee - Administrative Assistant in Livingston, NJ (US)
    Former Employee - Administrative Assistant in Livingston, NJ (US)

    I worked at CIT as a contractor

    Pros

    They appeared to have a lot of strengths and were organized. Decent pay. At the time that I was there in the Livingston office they had a good chef in their cafeteria and the price of lunch was not expensive. After he left it still was pretty decent. The department that I worked in was pretty clean looking with cubicles that was were decently spacious and lightly colored. I believe that room was newly done. I was treated nicely and the employees seemed to have community like mentality and seemed to help one another. Monthly they would have birthday celebrations with a cake ordered by the Admin for employees that were the born in that particular month. For Christmas, even though I was only a temp, they gave me a $50.00 gift card, and I was only assisting on certain things.

    Cons

    I would have to think about it.

  2.  

    All about facetime

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

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

    Pros

    CIT is a large global financial institution across several markets--good opportunities to grow. Headquarters are in NJ but in NYC as well.

    Cons

    All about the facetime - work life doesn't matter to mgmt as this company is typically a vacation away from the more competitive banking. While everyone has laptops, old school mgmt looks down if there are empty seats at 6 pm even on Friday nights in the summer

    Advice to ManagementAdvice

    Need a better career proposition to keep strong talent other than ' these hours are better then Merrill'

    Doesn't Recommend
    No opinion of CEO
  3.  

    Good People

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

    I worked at CIT full-time (more than 3 years)

    Pros

    Good people, Relatively well organized, A decent mission as far a Finance goes, Global footprint, Diverse business

    Cons

    Many layers of bureaucracy, Competing priorities, A kingdom of fiefdoms, never fully recovered form 2008 financial meltdown/bankruptcy, Some confusion about true market position

    Advice to ManagementAdvice

    Stop trying to be Goldman

    Recommends
    Neutral Outlook
    No opinion of CEO
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  5. 2 people found this helpful  

    Dedicated Staff, marginal management

    • 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 10 years)

    Pros

    Coworkers band together despite frequent management replacements

    Cons

    Management still cannot get it right

    Advice to ManagementAdvice

    Find work in a different industry sector or planet.

    Negative Outlook
    Approves of CEO
  6.  

    Pressure-packed work environment

    • 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 full-time (more than 5 years)

    Pros

    Good work/life balance. Well-run cafeteria. Most people are nice and easy to work with. Good opportunity for on-the-job learning. Some directors go the extra-mile to make CIT a satisfying place to work.

    Cons

    Not enough directors go the extra-mile to make CIT a satisfying place to work. No opportunity to learn new things, unless self-motivated and can squeeze it in. Those with talent are stretched too thin. Those that are less-motivated get away with doing the bare minimum. Some subordinates feel managers aren't in-touch, therefore those managers are not respected. Promises made by management are too often not kept. Managers that are sharp are not appreciated. Low employee morale. Lots of job-seeking going on. Plenty of complaints, bad language, bad attitudes, and behind-the-back-bad-mouthing. Goal setting policy is implemented like it was a forced government mandate rather than as a tool to develop talent. Politically correct surveys are a joke.

    Advice to ManagementAdvice

    Recognize the talent you have and reward it. Create a policy of regularly clearing out dead-wood. Implement a 360 degree feedback program.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7.  

    this company is broken.

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

    I have been working at CIT as a contractor (more than 8 years)

    Pros

    -good cafeteria - good food and good people work there.
    -foosball table.

    Cons

    -no moral compass.
    -the good people have left already or are leaving.

    -this was once a good company but senior management team broke it and continue to drive this ship in the dirt with reckless abandon.

    Advice to ManagementAdvice

    “...people will forget what you said, people will forget what you did, but people will never forget how you made them feel.”

    ― Maya Angelou

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  8.  

    Company on the move

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

    I worked at CIT full-time (more than 3 years)

    Pros

    Good company to work for, good culture, nice people

    Cons

    Good company, can't think of any

    Advice to ManagementAdvice

    Keep doing what you're doing

    Recommends
    Approves of CEO
  9.  

    Worst IT experience and work environment

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

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

    Pros

    Seriously can't think of anything. Maybe the onsite cafeteria

    Cons

    Upper management does not listen to recommendations or potential road blocks for projects. The transition within IT was not well planned. Internal dept communication is terrible as well as overall direction. This is pretty much the worst work experience I have had.

    Advice to ManagementAdvice

    Change the overall leadership and try again.

  10. 4 people found this helpful  

    Experience depends on the department

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

    I have been working at CIT full-time (more than 8 years)

    Pros

    Great Leadership if you are in the finance departments. John Thain really is a visionary and brilliant manager. Good salaries and flexible work/life balance in general.

    Cons

    Terrible IT leadership. The CIO brought in 10 managers from UBS to secretly offshore/outsource the IT staff. They are killing morale and destroying the ability of the IT staff teams to deliver on any projects. One manager is dumber than the next and they are only focused on their bonuses. I've never worked for a company where EVERYONE in IT that wasn't a manager was looking for a job - It's incredible and really sad since you have some great people in the organization.

    Also very tough for women to work under this crew. They really think it's 1970 - You wouldn't believe the wildly inappropriate comments that come out of this UBS crew.

    Advice to ManagementAdvice

    Fire the lot of them and put in IT management that actually cares about the overall corporate goals and isn't trying to get around labor laws by driving out the existing staff.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  11. 1 person found this helpful  

    No direction - bad place for women

    • 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 (more than 5 years)

    Pros

    Great mid-level management team. Good benefits package and reasonable work/life balance depending on role.

    Cons

    No strategic direction. Disturbingly high number of senior executives without requisite skill set to perform effectively. Token female representation in leadership team. Senior women often pushed aside to provide development opportunities for men. In general, lip service paid to employee development.

    Advice to ManagementAdvice

    Executive management needs to be rebalanced with experienced bank managers.

    Recommends
    Negative Outlook
    Disapproves of CEO

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