CIT
2.9 of 5 105 reviews
www.cit.com New York, NY 1000 to 5000 Employees

CIT Reviews

Updated Apr 17, 2014

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2.9 104 reviews

                             

81% Approve of the CEO

CIT Chairman and CEO John A. Thain

John A. Thain

(43 ratings)

43% of employees recommend this company to a friend
35 Employee Reviews Back to all reviews
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Great place to work, Worst place to earn money

Software Engineer (Current Employee)
Campinas, São Paulo (Brazil)

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

ProsHere I can learn a lot of technologies
The colleagues are friendly
The leaders are always with the teams

ConsSometimes the salary policy is confusing
The profit sharing is a joke
On the last year, the company lost a lot of good professionals by a lack of clarity in strategic decisions (salary, career planning, technologies, projects and investments in education)
There is a disparity between what is said and what is done. Leaders ask for certifications, courses, availability and other languages​​, but don´t give opportunity to exercise these skills. The good opportunities are for those who are nearby the leaders.

Advice to Senior ManagementYou have to valorize those that really done something for the company and the projects, not to those just want enjoy the opportunity to improve the salary.

Yes, I would recommend this company to a friend

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CIT Group summer internship

Anonymous Employee (Former Employee)

I worked at CIT

Proscompetitive pay
9-5 day
really friendly work environment

Consboring
not as financially driven as the internship seems

Advice to Senior Managementnone

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Great People, uncertain future

Human Resources Generalist (Former Employee)

I worked at CIT full-time for more than 3 years

ProsRelationships are important and if you put some focus on building them, you can be more effective in whatever role you are in.

ConsSeems that they are getting prepared for something significant to happen

No, I would not recommend this company to a friend

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Talented people, needs to initiate culture change

Anonymous Employee (Current Employee)

I have been working at CIT

ProsTalented professional staff, friendly colleagues.

ConsManagement needs to do more to break down the business unit silos in the holding company

No, I would not recommend this company to a friend

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It's OK

Anonymous Employee (Current Employee)

I have been working at CIT

ProsLaid back atmosphere
Telecommuting
Smart people in certain departments

ConsNo sense of advancement
IT systems are outdated

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Managing expection, but not what is best for the organization

Anonymous Employee (Current Employee)

I have been working at CIT

ProsEmployees on the ground are great to work with.

ConsEmployees with years of experience are often overlooked when opportunity came up

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Encouraging and Discouraging Place to Work

Anonymous Employee (Current Employee)

I have been working at CIT

ProsJohn Thain and Scott Parker appear to be doing a great job. Some very good people work here.

ConsIT needs a major upgrade. We're still using XP and Office 97. Poor culture for supporting and investing in process improvement. Certain business unit leaders are exceedingly weak and nothing is done about it. Thain has brought in new leaders for functional groups, now he needs to act faster on the weaker BU leaders.

Advice to Senior ManagementContinue with the Town Hall meetings. Seriously evaluate your business unit leaders to understand what they have personally driven and achieved since being in their roles. Iinterview their direct reports and it will give great insight into where you need to act.

No, I would not recommend this company to a friend

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Could be worse

Anonymous Employee (Current Employee)

I have been working at CIT

ProsDepending on your business/function/location, a lot of good people who want to do good work.

ConsLack of executive support for employee development. Internal candidates often overlooked for opportunities.

Advice to Senior ManagementEngage your workforce by openly developing employees; talk about it when you do!

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Neutral

Anonymous Employee (Current Employee)

I have been working at CIT

ProsGood and experienced people in all units

ConsLimited career pathing and difficult to get ahead in Company

Advice to Senior ManagementPromote people and encourage cross-training in the organization. Share profitability of the Company with the employees

No, I would not recommend this company to a friend

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Worthwhile until hard times hit

Anonymous Employee (Former Employee)

I worked at CIT

ProsCompensation and benefits initially were very good. Vacation time is very good.The regular people are easy to work with.

ConsForget about getting respect. Managers don't even say good morning to you. Long term employees were layed off and told they wouldn't get the packages they were entitled to because the company was "In Distress". That went over real well with long term employees that had been priced out of the market place. They mislead clients whenever they get the chance. The level of professionalism in upper management is non-existant. The workers are blamed and always left to clean up the messes upper management makes.

Advice to Senior ManagementTreat people which are your most valuable resource like human beings and stop lying to your clients. Thain is trying to get the mess he inherited turned around. Hopefully he will bring the company out from under the Federal Reserve rules and requirements which was a mistake.

No, I would not recommend this company to a friend

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Glassdoor is your free inside look at CIT reviews and ratings — including employee satisfaction and approval rating for CIT CEO John A. Thain. All 35 reviews posted anonymously by CIT employees.