CIT

  www.cit.com
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CIT Reviews

Updated August 16, 2014
Updated August 16, 2014
117 Reviews

2.7
117 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
CIT Chairman and CEO John A. Thain
John A. Thain
51 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

25 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Very rewarding

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

    Pros

    Very knowledgible employees
    Good atmosphere
    great first level management
    on site caf.
    great sdlc procedures
    current applications
    management keeps employees informed

    Cons

    not enough offices some mangers are in cubicles
    bad meeting rooms some enclosed by glass only
    Livingston building needs to be modernized

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Good place to work with interesting work and good people

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

    Pros

    I 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

    Cons

    Stability, some management decisions and business outlook

    Neutral Outlook
    No opinion of CEO
  3. 1 person found this helpful  

    Great internship experience.

    • 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

    Pros

    Well 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

    Cons

    The 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.

    Recommends
    Approves of CEO
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  5. 1 person found this helpful  

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

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

    Pros

    Its 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.

    Cons

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

    Advice to ManagementAdvice

    start 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.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Assistant VP, Leveraged Finance, NYC

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

    Pros

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

    Cons

    Poor 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.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  7.  

    Extremely knowledgeable senior management, help you learn the mechanics

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Corporate Finance Intern  in  Livingston, NJ
    Former Employee - Corporate Finance Intern in Livingston, NJ

    Pros

    Nice 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.

    Cons

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

    Recommends
    Approves of CEO
  8.  

    I am new but so far friendly, helpful and team oriented group. Poor technology is frustrating.

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

    Pros

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

    Cons

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

    Advice to ManagementAdvice

    Invest in infrastructure and you will have the information you need to run your business.

    Recommends
    Approves of CEO
  9.  

    Great place

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Summer Analyst  in  New York, NY
    Former Employee - Summer Analyst in New York, NY

    Pros

    The 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.

    Cons

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

    Advice to ManagementAdvice

    It was extremely good, I appreciate the fact that they care about the development of their interns.

    Recommends
    Approves of CEO
  10.  

    CIT employees are the key to success for the company!

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

    Pros

    CIT 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.

    Cons

    As 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 ManagementAdvice

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

    Recommends
    Approves of CEO
  11.  

    Too much GE blood in this small-business-minded, Fortune 500 company.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Customer Service Representative  in  Chicago, IL
    Current Employee - Customer Service Representative in Chicago, IL

    Pros

    Majority 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.

    Cons

    Small 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 ManagementAdvice

    Begin 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.

    Approves of CEO

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