CIT

www.cit.com

CIT Reviews

Updated 19 January 2015
Updated 19 January 2015
145 Reviews
3.1
145 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
CIT Chairman and CEO John A. Thain
John A. Thain
68 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

Employee Reviews

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  1. 1 person found this helpful  

    Good Team

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

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

    Pros

    Great people, reasonable hours (not IB hours)

    Cons

    CIT has terrible IT systems

    Advice to ManagementAdvice

    None

    Recommends
    Positive Outlook
    Approves of CEO
  2. 1 person found this helpful  

    Great experience, but limited mobility

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

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

    Pros

    Great work life balance. Great learning experience provides strong foundation.

    Cons

    Limited mobility, both upward and lateral.

    Advice to ManagementAdvice

    Support cross functional development of employees and open avenues for advancement.

    Recommends
    Neutral Outlook
    Approves of CEO
  3.  

    Good place to work

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

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

    Pros

    Energetic, smart, upward, profitable, moving forward

    Cons

    Training, was bankrupt in 2009, emerged from bankruptcy the same year

    Advice to ManagementAdvice

    Value

    Recommends
    Positive Outlook
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  5. 2 people found this helpful  

    A company on the rise with strong history

    • 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)

    Pros

    Small company, good culture and people, good benefits, less stress than other New York Bank Holding Companies.

    Cons

    This is a 100 plus year old firm which is in transition. the business is growing, evolving and this can be a challenge for staff.

    Advice to ManagementAdvice

    Remember the core values on which the firm was based while focusing on employees - great and satisfied employees will make the firm succeed; overlooked and underpaid employees will do the opposite.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Treasury

    • Comp & Benefits
    • Work/Life Balance
    • Career Opportunities
    Former Employee - Vice President in Livingston, NJ (US)
    Former Employee - Vice President in Livingston, NJ (US)

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

    Pros

    It was a finance job in NJ

    Cons

    It was never the same post bankruptcy

  7.  

    Amazing

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Project Coordinator in Burlington, ON (Canada)
    Former Employee - Project Coordinator in Burlington, ON (Canada)

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

    Pros

    CIT is a great a place to work ... the management is really supportive for wanting to learn more, supportive of ideas to make things better and overall great place to be.

    Cons

    CIT deals with a lot of boring content, contracts, processing contract and the such, a lot of the roles in Burlington at least are very mundane, nothing too exciting. and the air in the building is so dry it feels like its sucking the life out of you.

    Advice to ManagementAdvice

    make it more interesting to work there

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    VP

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President in Chicago, IL (US)
    Former Employee - Vice President in Chicago, IL (US)

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

    Pros

    Very fast pace, Intelligent people, good compensation

    Cons

    They have some risky ventures, makes more but job security changes

    Advice to ManagementAdvice

    none

    Recommends
    Positive Outlook
    Approves of CEO
  9. 5 people found this helpful  

    Only vampires covet "Fresh Blood"

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

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

    Pros

    The cafeteria is OK but they sell out of many things by 11:30.

    Cons

    Where to begin? One of the previous posters who apparently had a full immersion baptism in the CIT Kool-Aid-assuming they are not in HR or public relations- raved about the current IT management team. Really? I won't get into naming names but they singled out the network infrastructure team for undeserved effusive praise. How can you trust that team to transition to cloud technology when they can't even manage routine network infrastructure tasks like middleware configuration or server maintenance without inevitable outages and application failures? That team is so siloed that you can't even figure out where to turn when your app goes down because of their miscues. You have to hope the offshore help desk person who processes your trouble ticket can route it to the correct person and hope they deign to assist in a timely fashion. A lot of other posters have hit the nail on the head regarding the current CIO and her inner circle so I there is little of value I can add to their dead on commentaries.

    Advice to ManagementAdvice

    Why bother? They could care less about anything other than their bonus checks.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  10. 2 people found this helpful  

    Fresh Blood Driving Top-Down IT Transformation

    • 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

    Pros

    What a difference a year or two makes! I have been with CIT for over 10 years and perpetually frustrated at some poor business and technology decisions that drove us into bankruptcy and created a stagnant culture... until now.

    Fast forward to 2012 with a new CEO and CIO who both systematically replaced almost their entire management teams and drove a top down change in culture. IT's relationship with the business has been especially impacted with IT going from being glorified order takers to valued partners at the table helping drive business decisions.

    Stacey Goodman is known for her eye for talent and that clearly shows. She has given fresh opportunities to leaders that have been here a while, sent a clear message to those who have underperformed or not lived up to the new values, and focused a lot of energy on infusing fresh blood into many leadership roles.

    CIT has become a fun and exciting place to work again - especially IT. The company is investing in technology, putting video cameras and giant TVs in conference rooms, focusing investment in projects that will drive company wide transformation and help clean up the legacy mess that has accumulated over years of decreasing investment.

    The technology leadership team is a great bunch who are all masters of their domain. Frank Nazzaro has evolved the infrastructure team from bare metal provisioners to a great group of techies who are trying to modernize our foundation and leverage technologies like cloud computing. Stacey has done a good job of leveraging the best leaders she inherited and supplementing with fresh blood.

    Sure there are folks from the old guard who complain no matter who's holding the wheel or where we are going. Our leadership has made a point of engaging with these naysayers and challenging them to cheer up and help move us forward or step aside and make room. I respect that greatly. Set the target, clarify everyone's role and purpose, then let's rally together and get some stuff done.

    I am excited about working at CIT for the first time in a friggin decade. We are debt free, profitable, led by true visionaries, undergoing massive transformation and investing in technology to drive business growth. Couldn't be a better time for you to come on board.

    Cons

    HQ is in Livingston, NJ
    Building came via time portal straight from the 70's
    Lots of legacy process (though they are attacking this methodically)
    Information security (but they stink wherever you go)
    Parking lot has flooded a few times since I've been here
    Compliance group just gets bigger every year, what's up with that?
    Lots of legacy systems, one mainframe that may never go away (but it works and everyone has warts)
    The lady who makes my sandwiches in the cafeteria is sometimes grumpy

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Like working for government in private sector

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

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

    Pros

    Good hours
    Decent benefits
    Good location
    Good on resume

    Cons

    Company going nowhere
    Pay is like government pay

    Recommends
    Neutral Outlook
    Approves of CEO

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