CIT Reviews

Updated July 2, 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
49 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

95 Employee Reviews

Sort: Popular Rating Date
  1. 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

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

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    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.


  2. CIT review

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at CIT

    Pros

    Good work / life balance , decent salaries , modest bonuses

    Cons

    Location- very hard to get there


  3. 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

    I have been working at CIT

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    People care about you and how you fit in

    Cons

    None so far that I can see


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Great place to work at!

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

    I have been working at CIT

    Recommends
    Positive Outlook
    Approves of CEO
    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.


  6. Helpful (1)

    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

    I have been working at CIT full-time

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

    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.


  7. 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

    I have been working at CIT full-time

    Doesn't Recommend
    Positive Outlook
    Doesn't Recommend
    Positive Outlook

    Pros

    The people - the staff is friendly and helpful.

    Cons

    No career paths - all jobs are dead ends


  8. Helpful (1)

    VP

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President
    Current Employee - Vice President

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

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    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.


  9. Loved it, Great people

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Relationship Specialist in Jacksonville, FL
    Current Employee - Relationship Specialist in Jacksonville, FL

    I have been working at CIT part-time (Less than a year)

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

    Pros

    Manager cared about my development and offered many opportunities to apply myself. Great pay and room for independence. My fellow employees are amazing.

    Cons

    No growth or career development . People at the Director level and some life-time VP's never leave which further compounds the problem

    Advice to Management

    Set up a career path for associates and give more training to employee to increase effectiveness.


  10. Vice President

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

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

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

    Pros

    Collegiate and collaborative atmosphere...at CIT, even when in a control or risk function people are polite and ready to work toward solutions. It is a refreshing and energizing place to work. Work-life balance is also excellent.

    Cons

    As it continues its transition from finance company to bank, there are some adjustment pains. The different functions don't always know their boundaries, and new policies and procedures need some weathering.

    Advice to Management

    Keep up good work toward bank organization and controls, but don't forget our origins in middle market and equipment financing.


  11. Helpful (2)

    Full of opportunities in terms of areas of opportyunity found. Managment could do much better

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President Finance in Livingston, NJ
    Current Employee - Vice President Finance in Livingston, NJ

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

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Location if you live in NJ is convenient
    Competitive benefits
    Good progress oportunities if you are lucky enough to work for the "New School Management"
    Good work-life balance overall

    Cons

    Can get stucked if you are working for the "Old School Management"
    Carreer path not clearly traced
    Need imporvment on people motivation
    Poor senior management (Old School memebers)



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