There are newer employer reviews for CIT
There are newer employer reviews for CIT

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New management does not care about loyal long-time employees

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

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

Doesn't Recommend
Negative Outlook
Disapproves of CEO
Doesn't Recommend
Negative Outlook
Disapproves of CEO

Pros

Salary, benefits, and vacation were good

Cons

Top management is systematically purging all of the loyal employees who kept the company going through bankruptcy, taking on multiple roles and stepping up to get the job done. This will eventually haunt them when the economy picks up and the brain drain is controlled by the employees not management.

Advice to Management

Be faithful to those that run the business day-to-day and treat them with some respect.

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  1. Assistant VP, Leveraged Finance, NYC

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

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

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

    Pros

    Decent people; collegial atmosphere. Reasonable if not very competitive salary.

    Cons

    Poor morale, continues stream of layoffs. Horrible systems and work flows - not staffed or built to be a regulated bank. Little career advancement. Substandard pay vs. competition. Severe lack of leadership at many levels.

  2. Helpful (1)

    A wonderful onsite experience. A lot learned in a while.

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

    I have been working at CIT as a contractor (Less than a year)

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

    Pros

    Its a going concern. Very good and knowledgeable senior management, always engaged in new business plans for the growth. Good work culture. Everyone comes up to table with innovative ideas participating in healthy brainstorming sessions.

    Cons

    IT infrastructure is not bad but can be better with a little improvement.
    More integration needed between the departments.

    Advice to Management

    start looking for employees on full time basis. As by the time contractors get equipped by the work , their contracts expires.
    Look for more in-house application / software to reduce the licensing fee.

There are newer employer reviews for CIT
There are newer employer reviews for CIT

See Most Recent

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