CIT

  www.cit.com
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CIT Reviews

Updated Jul 10, 2014
All Employees Current Employees Only

2.9 114 reviews

80% Approve of the CEO

CIT Chairman and CEO John A. Thain

John A. Thain

(49 ratings)

42% of employees recommend this company to a friend

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
24 Employee Reviews Back to all reviews
Relevance Date Rating
in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Good place to work with interesting work and good people

    Anonymous Employee (Former Employee)

    ProsI liked the culture, satisfying work, good benefits and with some business units impressive performance, generally people were good to work with and compensation seeemed to be average to above average

    ConsStability, some management decisions and business outlook

    • Culture & Values
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    1 person found this helpful  

    Great internship experience.

    Anonymous Employee (Current Employee) Livingston, NJ

    ProsWell established, well structured company; as would be expected for a company that's been around as long as they have.

    Great intern program, with really engaging projects.

    Management was organized (at least in my department) and knew what they were doing

    ConsThe market really had taken it's toll by the second summer I interned there. The atmosphere was a little tense (as would be expected since they were filing for Chapter 11). I'm sure things have stabilized for them now.

    Probably not the most enjoyable atmosphere for younger talent, as most of the employees tended to be from an older generation.

    Yes, I would recommend this company to a friend

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    • Approves of CEO

     

    Assistant VP, Leveraged Finance, NYC

    Assistant Vice President, Corp Finance (Former Employee) New York, NY

    ProsDecent people; collegial atmosphere. Reasonable if not very competitive salary.

    ConsPoor morale, continues stream of layoffs. Horrible systems and work flows - not staffed or built to be a regulated bank. Little career advancement. Substandard pay vs. competition. Severe lack of leadership at many levels.

    No, I would not recommend this company to a friend

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    A wonderful onsite experience. A lot learned in a while.

    Business Analyst (Current Employee) Livingston, NJ

    ProsIts a going concern. Very good and knowledgeable senior management, always engaged in new business plans for the growth. Good work culture. Everyone comes up to table with innovative ideas participating in healthy brainstorming sessions.

    ConsIT infrastructure is not bad but can be better with a little improvement.
    More integration needed between the departments.

    Advice to Senior Managementstart looking for employees on full time basis. As by the time contractors get equipped by the work , their contracts expires.
    Look for more in-house application / software to reduce the licensing fee.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Extremely knowledgeable senior management, help you learn the mechanics

    Corporate Finance Intern (Former Employee) Livingston, NJ

    ProsNice people, eager to help you learn the various aspects of financial reporting (Sarbanes- Oxley), TIC Reports, etc. Brief you on the weekly asset sales and help you prepare for the professional world.

    ConsThe company went bankrupt recently and is under heavy surveillance from the regulators, so the bonus and salaries are below the industry average.

    Yes, I would recommend this company to a friend

    • Work/Life Balance
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    I am new but so far friendly, helpful and team oriented group. Poor technology is frustrating.

    Vice President (Current Employee) Livingston, NJ

    ProsStay in the financial arena without going to NYC. Pay is high. Company is a manageable size. People are professional.

    ConsTechnology is very old which makes people jump through hoops. People are less sophisticated than at larger companies. Limited resources.

    Advice to Senior ManagementInvest in infrastructure and you will have the information you need to run your business.

    Yes, I would recommend this company to a friend

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    Great place

    Summer Analyst (Former Employee) New York, NY

    ProsThe internship program at CIT Group is extremely good. Interns got the opportunity to meet the current CEO, John Thain. Mr Thain is a Wall Street icon and he give advice to all of the interns as to how to move their career forward. Additionally, interns attended workshops and seminars to help them develop personal and professionally. Furthermore, CIT has amazing clients such as Michael Kors, Toys R US, and Borders.

    ConsIf you are not interested in middle market jobs then it may not be the place for you.

    Advice to Senior ManagementIt was extremely good, I appreciate the fact that they care about the development of their interns.

    Yes, I would recommend this company to a friend

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    CIT employees are the key to success for the company!

    Anonymous Employee (Current Employee) New York, NY

    ProsCIT Group is a company that demonstrates respect and a high level of integrity. Although the financial services industry is struggling we appear to be making the right kind of decisions under the guidance of the CEO and senior management.

    ConsAs with any other company, the management team sometimes forget that they most manage the people in addition the the work. Some lose site of the most important asset to the company, the people.

    Advice to Senior ManagementDon't forget about the magnificient, skilled, and intelligent employees that are working hard each and every day to ensure the success of the company.

    Yes, I would recommend this company to a friend

    • Work/Life Balance
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    Too much GE blood in this small-business-minded, Fortune 500 company.

    Customer Service Representative (Current Employee) Chicago, IL

    ProsMajority of employees are friendly and easy to work with. Middle managment is talented and willing to work with lower employees. Plenty of projects and opportunities to get a wide variety of work experience. The company is large enough to offer good benefits package and fairly competitive compensation packages. Being of Fortune 500 size, it is a reputable company that can look really good on a resumee. Very corporate atmosphere, nice office space and comfortable amenities. Location of offices is usually very centrally located in major cities across the globe. Opportunities to expand globally are a possibility in the near future.

    ConsSmall business sector (Rail) has limitied opportunities for advancement within the company. CIT is not very open regarding their compensation possibilities, everything regarding pay, bonuses, and raises is kept very quiet. Employee training programs are HORRIBLE. No way to advance your own knowledge within a position without looking for outside opportunities (which may or may not be reimbursed.) Knowledge and information systems seem very stagnant. Though new ideas are encouraged and received well, little encouragement and support in actually inputting those new ideas. Due to the nature of the [rail] industry, much of the technology is behind the times and not as efficient as it could be.

    Advice to Senior ManagementBegin investing in employee development programs. This is key to employee retention. Also, place more importance on employee ratings systems. These are not taken seriously and there are employees who are very clearly not doing the work they are getting paid for. Start offering middle managment more support for fixing the problems.

     

    Grand

    Anonymous Employee (Former Employee)

    ProsLot of possibility to move up.

    ConsLow wages for lower levels.

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