CIT Reviews

Updated July 2, 2015
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4.0
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CIT Chairman and CEO John A. Thain
John A. Thain
21 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

41 Employee Reviews

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  1. Corporate Finance

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in Neshanic Station, NJ
    Former Employee - Vice President in Neshanic Station, NJ

    I worked at CIT (More than 10 years)

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

    Pros

    Company heading in the right direction since the bankruptcy filing. Offers competitive benefits package to employees. Provides perpetual educational programs to employees.

    Cons

    Staffing in certain areas are very thin which leads to long hours, projects not meeting deadlines and low morale among employees.

    Advice to Management

    Identify and replace poor performing managers. Management needs to better determine the appropriate staffing levels based on workload. "Too many chiefs not enough Indians".


  2. 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.


  3. Desktop Support

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Desktop Support in Toronto, ON (Canada)
    Former Employee - Desktop Support in Toronto, ON (Canada)

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

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

    Pros

    Good company, wonderful people, very nice place to work in Toronto and Burlington office.

    Cons

    No grows on Canadian market


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  5. 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


  6. 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.


  7. Helpful (1)

    Sr Accountant

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

    I worked at CIT full-time (More than 3 years)

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Unbelievable PTO days. All the days are combined. This company offers Personal Days, Sick Days, Vacation Days. Plus rollover 1 week.
    11 Holidays
    Great 401K match
    Jeans worn during the whole and during the last two weeks of the years.
    Best tuition reimbursement payout.
    Hours 8:30 to 5

    Cons

    Merit increases are low percentage.
    Limited growth depending on your department
    Doesn't off offsite training.

    Advice to Management

    None


  8. 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.


  9. Operations Clerk

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at CIT

    Pros

    Very Good working environment

    Cons

    Basic Salary is not high


  10. Helpful (1)

    AVP

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

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

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Location is very convenient if you live in NJ.

    Cons

    Offer better pay and career advancement.

    Advice to Management

    Offer competitive compensation.


  11. Helpful (1)

    Good place to start out as an analyst - ability to learn and speak with upper level management.

    • 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

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

    Pros

    Good Work/Life balance, Decent Pay, Flat organizational structure. Laid back culture.

    Cons

    ability to move within the company is very hard. Lack of deal flow.



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