CIT

  www.cit.com
  www.cit.com

CIT Reviews

Updated November 24, 2014
Updated November 24, 2014
138 Reviews
2.9
138 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
CIT Chairman and CEO John A. Thain
John A. Thain
65 Ratings

Review Highlights

Pros
  • Depending on which department you are in, you usually have a great work life balance (in 16 reviews)

  • Good benefits package and reasonable work/life balance depending on role (in 15 reviews)


Cons
  • Senior management is not in touch with all of the businesses (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 Highlights

48 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    A casualty of Cost Cutting

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

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

    Pros

    Great Co workers, 401k contribution and in my former department flexible work hours

    Cons

    Management does not care about worker bees anymore

    Advice to ManagementAdvice

    Get rid of highly paid senior managers and save the people who do the work.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  2.  

    15 year employee - good experience

    • Comp & Benefits
    • 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 10 years)

    Pros

    Good compensation, flexibility in working arrangements

    Cons

    Not great on the vision thing; business model needs work.

    Advice to ManagementAdvice

    HR runs the place - is that how you really want to roll?

    Recommends
    Neutral Outlook
    No opinion of CEO
  3. 2 people found this helpful  

    A company on the rise with strong history

    • 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)

    Pros

    Small company, good culture and people, good benefits, less stress than other New York Bank Holding Companies.

    Cons

    This is a 100 plus year old firm which is in transition. the business is growing, evolving and this can be a challenge for staff.

    Advice to ManagementAdvice

    Remember the core values on which the firm was based while focusing on employees - great and satisfied employees will make the firm succeed; overlooked and underpaid employees will do the opposite.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Treasury

    • Comp & Benefits
    • Work/Life Balance
    • Career Opportunities
    Former Employee - Vice President in Livingston, NJ
    Former Employee - Vice President in Livingston, NJ

    I worked at CIT full-time (more than 8 years)

    Pros

    It was a finance job in NJ

    Cons

    It was never the same post bankruptcy

  6.  

    Like working for government in private sector

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

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

    Pros

    Good hours
    Decent benefits
    Good location
    Good on resume

    Cons

    Company going nowhere
    Pay is like government pay

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Great Experience

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

    I worked at CIT (more than 5 years)

    Pros

    Great co-workers, professional but exhibited a good sense of humor. Good benefits, paid time off, and holidays off.

    Cons

    Training does not exist. More like sit with this person and learn their habits (good or bad).Pay for certain positions are not compatible with the job duties

    Advice to ManagementAdvice

    Show your employees that you appreciate them.

    Recommends
    Positive Outlook
    No opinion of CEO
  8.  

    Good people, but management

    • 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)

    Pros

    The people are fantastic! Really great, intelligent people.

    Cons

    The company is struggling with who they want to be and what the areas of focus are. Plus there is still a lot of apathy from bankruptcy. Senior management is not in touch with all of the businesses.

    Advice to ManagementAdvice

    Put the businesses first.

    Recommends
    Neutral Outlook
    Disapproves of CEO
  9. 1 person found this helpful  

    No rewards or recognition for the hard working

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

    I worked at CIT full-time (more than an year)

    Pros

    Nice location to work in

    Cons

    No recognition, no raise or bonus unless your a boss's favorite

    Advice to ManagementAdvice

    Treat everyone the same and reward merit by job well done, not by who's your favorite

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  10.  

    Good People

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

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

    Pros

    Good people, Relatively well organized, A decent mission as far a Finance goes, Global footprint, Diverse business

    Cons

    Many layers of bureaucracy, Competing priorities, A kingdom of fiefdoms, never fully recovered form 2008 financial meltdown/bankruptcy, Some confusion about true market position

    Advice to ManagementAdvice

    Stop trying to be Goldman

    Recommends
    Neutral Outlook
    No opinion of CEO
  11. 2 people found this helpful  

    A changing culture

    • 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 full-time (more than 5 years)

    Pros

    Generally speaking, good, hardworking people. Financial Analysts get solid exposure to all levels within their business, so a lot of on-the-job learning happens fast - a good growth opportunity. Bonuses in the Corporate Finance segment are generally pretty good. Managers are usually good about work-life balance. Company came through bankruptcy and has a high-profile CEO who can get a seat at most any table in the finance and political world. Generally good benefits package, though it's being whittled away a bit.

    Cons

    Promotions hard to come by. Salaries not always equitable among peers. While there are opportunities for internal mobility, good luck getting a raise; significant downward pressure on salaries, so while an external hire might get a 10% hike over their last base, an internal might get 0-4%. New crop of Exec-level leaders are turning a formerly-familial culture into a sterile, not-fun culture. Cultural silos exist from location to location.

    Advice to ManagementAdvice

    Be more transparent and communicate better. Invest in your employees.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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