CIT Reviews

Updated June 20, 2015
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CIT Chairman and CEO John A. Thain
John A. Thain
13 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

34 Employee Reviews

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  1. Helpful (2)

    Director IT

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

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

    Positive Outlook
    No opinion of CEO
    Positive Outlook
    No opinion of CEO

    Pros

    Good people. Solid company with 100+ year reputation. Financials are improving and showing positive signs since bankruptcy.

    Cons

    Companies main purpose seems to be to make money for executive management. Key positions are filled from outside. Massive layoffs for offshoring or due to executive management changes. Livingston is a dump.

    Advice to Management

    Stop being so greedy. Keep American jobs in America. Don't allow wholesale replacement of staff because a new department head arrived.


  2. 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


  3. Helpful (2)

    Ok place to work

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

    I have been working at CIT

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

    Pros

    Flat management structure. Good cafeteria

    Cons

    Promotion and recognition very slow.


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  5. Helpful (4)

    looking Back

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

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

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    Jobs at the Director and above pay well and I these folks will continue to do well. No real appreciation for worker bees

    Cons

    NYC Centric Management - Mix of tribes inside the company that don't work together well.

    Advice to Management

    Get some good Middle managers -


  6. Helpful (2)

    Financial Services Organization that is pared down to the bone (headcount.)

    • 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

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    Pros

    Great People, Flexibility
    Collaborative within department.

    Cons

    Work is non-stop
    Due to headcount reductions, no capacity
    Too much finger pointing

    Advice to Management

    Figure out a way to offer work life balance and support it through actions and words.


  7. Helpful (2)

    Data Analyst

    • 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 (More than 3 years)

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

    Pros

    It was ok when I joined in 2011, but a new CIO turned the place upside down

    Cons

    New CIO, New CIO, New CIO


  8. Helpful (2)

    Terrible place to work

    • 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 (More than a year)

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

    Pros

    If you work in the Livingston office, it's an easy commute for those in nearby suburbs who have a car. If you live in NYC and don't have a car, it's a train and then a 20 minute cab ride, because Livingston is not near any form of public transportation.

    Cons

    Some very talented employees, but many managers are inept in their ability to manage staff. Some are rude and disrespectful. HR dept is dysfunctional. Good performance not rewarded financially. Constantly chasing meaningless metrics. Outdated technology; company is still using Internet Explorer 8.


  9. Helpful (1)

    AVP; jump ship if possible

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

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

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Decent benefits; friendly enough people, though most are just as non-stoked to (still) be at CIT as you are.

    Cons

    Terrible morale. Relatively low compensation compared to other banks. Constant stream of layoffs and people quitting (at least through 2012 & 2013).


  10. Helpful (4)

    CIT is definitely no 7-Eleven--It's far worse!

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

    I worked 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

    Benefits, some decent salaries, advancement (if you have the right friends), title (if you have the right friends),, Ability to land a very well-paid job with CIT (no experience required) if you were friends with the right people (CIO, CAO, COO, etc.)

    Cons

    If you're not friends with an officer (CIO, COO, CAO, etc.), look elsewhere if you want a decent job (min: director-level or above). Bottom line: CIT IT CIO takes care of her own.

    Advice to Management

    Watch the mass exodus begin whenever CIO leaves CIT. No new management team would tolerate this level of nepotism!.


  11. Helpful (1)

    More interested in "not losing" than in "winning".

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

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

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

    Pros

    This is a great place to work if you want to have good benefits, a nice cafeteria, and very little challenge in your work. Would be good for employees of the DMV, for example. Only exception is Transportation business, which is a great business full of great employees working extremely hard to lead and innovate. Without Transportation, this firm would be a distant memory.

    Cons

    Systems are antiquated and there is no money for investment. The business are old, low risk, low return, and dying on the vine. Leadership is more interested in risk and compliance than in actually doing business, and after all the mistakes that have been made by the firm, they are more interested in making sure that investors are happy than whether its a good firm. Employees are either brand new and amazed at how backward the place is, or have 20 years experience and have completely forgotten how to work.

    Advice to Management

    Take some risks!!! This firm is incredible - there are Risk people everywhere, but the firm takes no risk. It's beyond bizarre.



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