CIT Reviews

Updated April 2, 2015
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3.0
51 Reviews
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CIT Chairman and CEO John A. Thain
John A. Thain
20 Ratings

51 Employee Reviews

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  1. Helpful (1)

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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)

  2. Helpful (2)

    Just a job, not a career

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

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

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

    Pros

    - Friendly, easy-going people
    - Work life balance / Flexibility
    - Good benefits overall
    - Decent middle-market deal experience
    - Fairly stable employer

    Cons

    - No growth or career development if you have the wrong manager ( 4th year analysts, 5 year associates, etc. that actually do a reasonably good job). People at the Director level and some life-time VP's never leave which further compounds the problem
    - Pay is well below comparable companies
    - Poor employee performance is tolerated
    - High turnover
    - Middle management very unhappy

    Advice to Management

    Pay attention to your middle management who are driving projects to completion and becoming more disengaged each day.

  3. Helpful (1)

    AVP IT

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

    I have been working at CIT

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

    Pros

    Benefits are good technology is advancing

    Cons

    Middle management is an issue , lack of communication

    Advice to Management

    Communicate and engage teams. Allow tears to be creative.

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  5. Helpful (1)

    Risk Analyst

    • 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 full-time (More than a year)

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

    Pros

    1) In Flux
    2) Work Life balance
    3) Bonuses

    Cons

    1) Bureaucratic
    2) Political
    3) Myopic
    4) Analysis Paralysis
    5) Incompetent

    Advice to Management

    Layoff people in overstaffed departments.

  6. The company is defined by the wonderful people with whom you work

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at CIT

    Pros

    Great employees with good intent.

    Cons

    The company has no clear vision that can be articulated by the staff. Too many layoffs has depleted the enthusiasm of its wonderful employees.

  7. manager

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

    I worked at CIT full-time (More than 10 years)

    Recommends
    Negative Outlook
    No opinion of CEO
    Recommends
    Negative Outlook
    No opinion of CEO

    Pros

    High quality workers, very respectful

    Cons

    trend is to request a more difficult work load

  8. Good corporate lender, lacks the culture to be competitive in investment banking.

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

    I worked at CIT

    Disapproves of CEO
    Disapproves of CEO

    Pros

    Strong industry knowledge, good private equity relationships.

    Cons

    Timid calling officers and corporate culture.

  9. Helpful (4)

    Nice place to work if you just want a job

    • Culture & Values
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at CIT

    Pros

    Good work life balance. Hours are reasonable.

    Cons

    The company is trying to move all it's jobs to JAX Florida. So if you are working in NY or NJ chances are they will not promote you or provide you opportunity for job growth as every new position is moving down to Florida where it is cheaper.

    Advice to Management

    Your employees see what is happening and are moving to cruise control waiting for their packages

  10. Good work/life balance

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

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

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    There is a Good work-life balance.

    Cons

    There are Limited opportunities for advancement.

  11. Helpful (2)

    Average company

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

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

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

    Pros

    Good place to be for working parents looking for work place flexibility. Appears to a firm that is looking to grow especially thru OneWest acquistion. Strong executive leaders that are respected on Wall Street have brought CIT much relevance.

    Cons

    Senior management lacks transparency. In certain groups things change and we end up finding out from other departments. Certain managers seem to only care about themselves and fail to communicate important issues to staff. This leads to inefficiencies and low morale. Unfortunately this has lead to lots of turnover. Also IT has many issues including speed of service and increased disruptions.

    Advice to Management

    Start caring about your employees. Do not view them as just a #. The company also needs to be clear and stop dancing around true issues and resolve them with a consistent approach.

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