CIT
2.9 of 5 105 reviews
www.cit.com New York, NY 1000 to 5000 Employees

CIT Reviews

Updated Mar 29, 2014
All Employees Current Employees Only

2.9 105 reviews

                             

81% Approve of the CEO

CIT Chairman and CEO John A. Thain

John A. Thain

(43 ratings)

43% of employees recommend this company to a friend
23 Employee Reviews Back to all reviews
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2 people found this helpful  

Only vampires covet "Fresh Blood"

Director (Former Employee)
Livingston, NJ

I worked at CIT full-time for more than 3 years

ProsThe cafeteria is OK but they sell out of many things by 11:30.

ConsWhere to begin? One of the previous posters who apparently had a full immersion baptism in the CIT Kool-Aid-assuming they are not in HR or public relations- raved about the current IT management team. Really? I won't get into naming names but they singled out the network infrastructure team for undeserved effusive praise. How can you trust that team to transition to cloud technology when they can't even manage routine network infrastructure tasks like middleware configuration or server maintenance without inevitable outages and application failures? That team is so siloed that you can't even figure out where to turn when your app goes down because of their miscues. You have to hope the offshore help desk person who processes your trouble ticket can route it to the correct person and hope they deign to assist in a timely fashion. A lot of other posters have hit the nail on the head regarding the current CIO and her inner circle so I there is little of value I can add to their dead on commentaries.

Advice to Senior ManagementWhy bother? They could care less about anything other than their bonus checks.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Company continues to be in transition

Anonymous Employee (Current Employee)

I have been working at CIT full-time for more than a year

ProsGood NY location, though NJ commute can be bad. High profile CEO and management team command outsized attention for a firm of this size. Much has improved since the 2009 bankruptcy.

ConsHR is terrible. No consistency in title, salary, promotion process. Management is extremely top heavy. Not really sure what everyone's jobs are or why there are so many C-level execs. Many execs seem to have agendas other than making CIT a great company. Communication internally is very bad. Many confused people about vision and direction of firm. Management seems aloof, at best. But more like they want to be somewhere else.

Advice to Senior ManagementSpend more time in the office with the people on the line. Communicate a clear vision for employees so they know what you are trying to achieve.

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I do not consider CIT a world class Financial Services Organization

Anonymous Employee (Former Employee)

I worked at CIT full-time

ProsNothing to share. I do not have any pro's to speak of that were not personal in nature. Headquarters in NJ is convenient for many of the employees.

ConsEverything was second rate compare to other financial services companies. Compensation, career potential and the quality of management will never be at the same level of its competitors.

Advice to Senior ManagementDo not make committments to change and people that you cannot and will not keep.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Dedicated Staff, marginal management

Anonymous Employee (Current Employee)

I have been working at CIT full-time for more than 10 years

ProsCoworkers band together despite frequent management replacements

ConsManagement still cannot get it right

Advice to Senior ManagementFind work in a different industry sector or planet.

– I'm not optimistic about the outlook for this company

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Pressure-packed work environment

Vice President of Information Technology (Current Employee)
Livingston, NJ

I have been working at CIT full-time for more than 5 years

ProsGood work/life balance. Well-run cafeteria. Most people are nice and easy to work with. Good opportunity for on-the-job learning. Some directors go the extra-mile to make CIT a satisfying place to work.

ConsNot enough directors go the extra-mile to make CIT a satisfying place to work. No opportunity to learn new things, unless self-motivated and can squeeze it in. Those with talent are stretched too thin. Those that are less-motivated get away with doing the bare minimum. Some subordinates feel managers aren't in-touch, therefore those managers are not respected. Promises made by management are too often not kept. Managers that are sharp are not appreciated. Low employee morale. Lots of job-seeking going on. Plenty of complaints, bad language, bad attitudes, and behind-the-back-bad-mouthing. Goal setting policy is implemented like it was a forced government mandate rather than as a tool to develop talent. Politically correct surveys are a joke.

Advice to Senior ManagementRecognize the talent you have and reward it. Create a policy of regularly clearing out dead-wood. Implement a 360 degree feedback program.

No, I would not recommend this company to a friend

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Broken Model

Senior Vice President (Former Employee)
Livingston, NJ

I worked at CIT full-time for more than 3 years

ProsGood hard working middle level people

ConsBroken business model, lack of clear leadership, all tactical no strategy

Advice to Senior ManagementSell

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Just another paycheck

Vice President (Former Employee)
Livingston, NJ

I worked at CIT full-time for more than 10 years

ProsFlexible work hours, really nice cafeteria...that's about it. Oh, if you're in the right department, and know the right people, and say the right things, you could do OK.

ConsFrom the tech dept. perspective. Too many consultants who are only interested in their current position and will leave the second something higher paying comes along. No long term outlook. Constantly shifting goals. Lots of layoffs, it has been almost a constant several times a year for the last five years. No one there that is over 30 actually does work anymore, they all direct "offshore" people. Onerous paperwork and regulations. Almost seems like you have to fill out a form to use the rest room. There's more, but I won't bother.

No, I would not recommend this company to a friend

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Interesting time at CIT Group

Anonymous Employee (Current Employee)

I have been working at CIT full-time for more than a year

ProsGreat employees who work hard

ConsBelief that current employees don't have the skills needed

Advice to Senior ManagementTrust your employees to get the job done

No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

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Low Morale in IT Department

Anonymous Employee (Former Employee)
Livingston, NJ

I worked at CIT full-time for more than 5 years

Prosmany people stay at CIT for a long time

ConsIT Department has had multiple layoffs in recent years leading to low morale and fears of total outsourcing of IT. Culture is focused on compliance and not technology. limited room for internal growth. majority of high-level positions have gone to new hires and not internal candidates. Business has low regard for IT department and thinks of them as an expense only.

No, I would not recommend this company to a friend

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CIT post Bankruptcy

Director (Former Employee)
Livingston, NJ

I worked at CIT full-time for more than 5 years

ProsNew C level team has smarts, and getting out from under a C & D is big step

ConsMiddle manage is same fools that allowed firm to fail, allworried that Thain will get rid of them he seems to have given them a chance to get on board, but most are just worthless self important over paid spinners

Advice to Senior ManagementGet rid of the nest of Snaks you have as P&L leaders and back up the CCO

No, I would not recommend this company to a friend

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Glassdoor is your free inside look at CIT reviews and ratings — including employee satisfaction and approval rating for CIT CEO John A. Thain. All 23 reviews posted anonymously by CIT employees.