CIT Reviews

Updated July 11, 2014
Updated July 11, 2014
119 Reviews

2.7
119 Reviews
Rating Trends

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

Review Highlights

Pros
  • Depending on which department you are in, you usually have a great work life balance (in 11 reviews)

  • Good benefits package and reasonable work/life balance depending on role (in 14 reviews)


Cons
  • Senior management is not in touch with all of the businesses (in 7 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 4 reviews)

More Highlights

40 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    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 for 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
  2. 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 for 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
  3.  

    Was a great company before bankruptcy in 2009. Now the focus is on shareholder approval and cutting expenses.

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

    I worked at CIT full-time for more than 8 years

    Pros

    The people that work there are genuinely good people. The location is convientent for those that drive

    Cons

    The senior management is lousy, It appears the company is trimming cost to sell the company. Leasing is not the most exciting industry to work in.

    Advice to ManagementAdvice

    focus on adding revenue and not cutting expenses

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5. 1 person found this helpful  

    Good Company..If you like doing one thing.

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

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

    Pros

    Good location, Nice people, relaxed enviornment. Competitve salaries for the area. Workload is spread out and divided equally.Decent benefits package. A lot of different departments that you can move to If you want to expand and/or change career paths.

    Cons

    All work is done and managed by a seperate department, which makes it hard to expand your skill set for other things. Managment needs to have more communication with the employees to give the workers a better idea of the direction that the company is trying to take. CIT is a good place for older employees who are looking for a place to make money and ride into the sunset into retirement. For a young person who wants to grow and learn this is not the company for you. Stay away.

    Advice to ManagementAdvice

    Communicate better with your employees because it will make them feel more apart of the vision of the company.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  6. 1 person found this helpful  

    decent pay but very dull routine job

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at CIT as a contractor for less than a year

    Pros

    friendly employees, quite, laid-back environment, independently hard-working

    Cons

    maybe not for young people, everyday is very dull

    Recommends
    Positive Outlook
    Approves of CEO
  7. 1 person found this helpful  

    Good and bad

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

    I have been working at CIT full-time for more than 8 years

    Pros

    Working in my group was satisfying and rewarding

    Cons

    Was a good business but prior senior management made some stupid decisions

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8. 1 person found this helpful  

    Decent but manager was terrible

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

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

    Pros

    Decent people to work with.

    Cons

    Pretty stagnant not much opportunity.

    Advice to ManagementAdvice

    Figure out what type of company you want to be.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  9.  

    Nice people, but not an enjoyable experience

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

    I have been working at CIT as an intern for less than a year

    Pros

    Honestly, I cannot think of any. The people there are somewhat nice and the team I worked with had some very nice people - but that's about it. They're just nice.

    Cons

    The company culture is awful. There doesn't seem to be any ambition amongst any of the employees. It just seems a stopover for some people until they find something better.

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
  10.  

    Volatile environment while company tries to make comeback

    • 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 for more than 10 years

    Pros

    Good benefits; competitive salaries; pleasant office space

    Cons

    Too many layoffs in attempt to cut expenses; employee moral at all time low.

    Advice to ManagementAdvice

    Please remember loyal employees; Volatility of last 5 years deserves recognition for employees that kept company afloat.

    Doesn't Recommend
    Negative Outlook
  11.  

    Educational

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

    I have been working at CIT

    Pros

    Location. Benefits. People. Rewards. Perks.

    Cons

    Pay. Promotion. Business Development. Staffing.

    Approves of CEO

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