CIT Reviews

Updated April 22, 2015
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3.4
88 Reviews
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CIT Chairman and CEO John A. Thain
John A. Thain
45 Ratings

88 Employee Reviews

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  1. Helpful (2)

    Poor environment where people are not valued, only the perception on the street is valued

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

    I have been working at CIT full-time (More than 10 years)

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

    Pros

    Pay - they overpay their new employees

    Cons

    -management would rather see employees leave then reward existing employees
    -no career path
    -constantly starting new projects without managing capacity
    -only focusing on the present, no long-term view and no leadership skills on the management team

    Advice to Management

    Abandon the acquisition strategy and focus on people and processes. Without fixing the core problems, CIT will always be a mediocre company at best.

  2. this company is broken.

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

    I have been working at CIT as a contractor (More than 8 years)

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

    Pros

    -good cafeteria - good food and good people work there.
    -foosball table.

    Cons

    -no moral compass.
    -the good people have left already or are leaving.

    -this was once a good company but senior management team broke it and continue to drive this ship in the dirt with reckless abandon.

    Advice to Management

    “...people will forget what you said, people will forget what you did, but people will never forget how you made them feel.”

    ― Maya Angelou

  3. Helpful (4)

    Experience depends on the department

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

    I have been working at CIT full-time (More than 8 years)

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

    Pros

    Great Leadership if you are in the finance departments. John Thain really is a visionary and brilliant manager. Good salaries and flexible work/life balance in general.

    Cons

    Terrible IT leadership. The CIO brought in 10 managers from UBS to secretly offshore/outsource the IT staff. They are killing morale and destroying the ability of the IT staff teams to deliver on any projects. One manager is dumber than the next and they are only focused on their bonuses. I've never worked for a company where EVERYONE in IT that wasn't a manager was looking for a job - It's incredible and really sad since you have some great people in the organization.

    Also very tough for women to work under this crew. They really think it's 1970 - You wouldn't believe the wildly inappropriate comments that come out of this UBS crew.

    Advice to Management

    Fire the lot of them and put in IT management that actually cares about the overall corporate goals and isn't trying to get around labor laws by driving out the existing staff.

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  5. Helpful (1)

    No direction - bad place for women

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

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

    Recommends
    Negative Outlook
    Disapproves of CEO
    Recommends
    Negative Outlook
    Disapproves of CEO

    Pros

    Great mid-level management team. Good benefits package and reasonable work/life balance depending on role.

    Cons

    No strategic direction. Disturbingly high number of senior executives without requisite skill set to perform effectively. Token female representation in leadership team. Senior women often pushed aside to provide development opportunities for men. In general, lip service paid to employee development.

    Advice to Management

    Executive management needs to be rebalanced with experienced bank managers.

  6. Helpful (1)

    stagnant. Oppresive working atmosphere.

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

    I have been working at CIT full-time (More than 8 years)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    decent med and dental benefits. Nice coworkers. Good central location in Jax Fl. Decent shift work. Close to shops and restaurants.

    Cons

    Low morale. Little or no advancement opportunities. Absentee mgmt. Bonuses unfairly distributed.

    Advice to Management

    To Corp in NJ I say start fresh with Jax mgmt from top to bottom. Train your mgrs. Stop tge nepotism in hiribg and promotion process. Fire HR Mgrs. Curent staff does not want to get involved in employee complaints. They rat you out! You get black-balled.

  7. Hierarchies and fiefdoms; bureaucratic, stifling with no opportunity for innovation

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

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

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

    Pros

    Pay... maybe. CIO is new, and there's hope.

    Cons

    Stifling, bureaucratic, extreme administrative overhead. People cannot seem to execute on new. Stuck in hierarchy and fiefdoms. The market they're in is rife with opportunity but the "guard" stops any innovation in it's path. Antiquated infrastructure with zero tools for collaboration.

    Advice to Management

    Clean house.

  8. Horrible leadership by management

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

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

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

    Pros

    Decent benefits. Pay is okay.

    Cons

    Management is very disorganized and change the rules of the game every few weeks.

    Advice to Management

    Get your act together already. You need organized training for the employees.

  9. Ok place to work

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

  10. Helpful (2)

    looking Back

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

  11. Helpful (2)

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

    • 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

    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.

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