CIT Reviews

Updated August 19, 2015
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3.5
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Recommend to a friend
Approve of CEO
CIT Chairman and CEO John A. Thain
John A. Thain
50 Ratings

Pros
  • There is a Good work-life balance (in 16 reviews)

  • Great company, good benefits, nice atmosphere (in 15 reviews)

Cons
  • Senior management lacks transparency (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

98 Employee Reviews

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  1. Great Company

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook

    Pros

    The company is growing and provides training for possible advancement through tuition reimbursement and company training programs. Management generally assigns a task and the employees are expected to complete the task within a time frame. Management’s doors are always open and employees communicate openly between business units. The company and its employees are very charitable holding food drives and preforming community service on a regular basis. Great company to work for.

    Cons

    The company is growing and in preparation for the growth or merger it has become top heavy in management and job title, given this and the potential merger some positions may be eliminated after acclimation. Performance appraisals are lengthy and time consuming for employees and management to complete, so they are generally rushed with not a lot of thought.

    Advice to Management

    Encourage managers to determine employees careers goals and promote from within. Performance appraisals, monthly and quarterly reviews are a good time to communicate employee aspirations. Continue to grow responsibly.


  2. Helpful (2)

    Assistant Vice President

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President, Risk Management in Livingston, NJ
    Current Employee - Assistant Vice President, Risk Management in Livingston, NJ
    Recommends
    Neutral Outlook

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

    Pros

    The company offers a great work/life balance.

    Cons

    They do not promote from within.

    Advice to Management

    Create more opportunity for growth and advancement for current employees.


  3. Steady

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - End of Lease in Jacksonville, FL
    Current Employee - End of Lease in Jacksonville, FL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Not much turnover. Somewhat relaxed environment. Good benefits 6% 401K match, decent medical dental vision. Employee stock purchase plan. Lots of community service opportunities.

    Cons

    There is not a lot of room for advancement. The annual raises are a joke, you will get anywhere from 1-3% max. I got 1.5% this year. The annual bonus payout has gone down two years in a row despite monthly meetings telling us how great the company is doing and the great job our department is doing.

    Advice to Management

    Stop playing favorites. Make the work environment more fun. Nothing to spice up the workweek for a change. Engage your team, hell talk to your team members every once in a while. Increase the bonus and yearly raises when the team is outperforming plans.


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  5. CIT review

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Good work / life balance , decent salaries , modest bonuses

    Cons

    Location- very hard to get there


  6. Good company

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Data Analyst in Jacksonville, FL
    Current Employee - Senior Data Analyst in Jacksonville, FL
    Recommends
    Positive Outlook

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

    Pros

    Solid benefits, nice 401 K match. Established company with a positive industry reputation. Reasonable opportunities for advancement

    Cons

    Staffing in some areas is reflective of past cutbacks, skills don't meet industry expectations.


  7. Great

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in New York, NY
    Current Employee - Analyst in New York, NY
    Recommends
    Positive Outlook

    Pros

    People care about you and how you fit in

    Cons

    None so far that I can see


  8. Helpful (2)

    A place to gain experience

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Charlotte, NC
    Current Employee - Anonymous Employee in Charlotte, NC
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at CIT full-time

    Pros

    The company is morphing and spending in maturity, both in IT and business side. Opportunity to gain new skills and knowledge of technologies and implement them.

    Cons

    Below average pay compared to competitors. Too much on employee plates and management doesn't seem to want to invest in hiring. Always a "get it done" approach and little to no project management organization or talent.

    Advice to Management

    slow down, build from the bottom up and don't try to do everything at once. That's a recipe for disaster.


  9. Great place to work at!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    The culture at CIT is a very encouraging and supporting culture. I've been at CIT for since last year and I'm surprised by how far I have been able to progress through my career in such a short amount of time.

    Cons

    It can be difficult to move between or learn about different departments within the company.


  10. Helpful (2)

    Great Company - Bad middle managers

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Livingston, NJ
    Current Employee - Anonymous Employee in Livingston, NJ
    Doesn't Recommend
    Positive Outlook

    I have been working at CIT full-time

    Pros

    The people - the staff is friendly and helpful.

    Cons

    No career paths - all jobs are dead ends


  11. Helpful (1)

    VP

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President
    Current Employee - Vice President
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at CIT (More than 5 years)

    Pros

    Great benefits and supportive management. Promote from within.

    Cons

    Controls starting to get too stringent as company grows.

    Advice to Management

    Salary levels seem to be below market.



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