CIT
2.9 of 5 106 reviews
www.cit.com New York, NY 1000 to 5000 Employees

CIT Reviews

Updated Apr 20, 2014
All Employees Current Employees Only

2.9 106 reviews

                             

82% Approve of the CEO

CIT Chairman and CEO John A. Thain

John A. Thain

(44 ratings)

43% of employees recommend this company to a friend
106 Employee Reviews
Relevance Date Rating
in

Review Highlights

Pros:
  • "Good salaries and flexible work/life balance in general"
    in 10 reviews
  • "Good benefits package and reasonable work/life balance depending on role"
    in 12 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
  • Show more review highlights

Reviews

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • No Opinion of CEO

 

this company is broken.

IT Consultant (Current Employee)
Livingston, NJ

I have been working at CIT as a contractor for more than 8 years

Pros-good cafeteria - good food and good people work there.
-foosball table.

Cons-no moral compass.
-the good people have left already or are leaving.

-this was once a good company but senior management team broke it and continue to drive this ship in the dirt with reckless abandon.

Advice to Senior Management“...people will forget what you said, people will forget what you did, but people will never forget how you made them feel.”

― Maya Angelou

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         

 

Worst IT experience and work environment

IT Consultant (Former Employee)
Livingston, NJ

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

ProsSeriously can't think of anything. Maybe the onsite cafeteria

ConsUpper management does not listen to recommendations or potential road blocks for projects. The transition within IT was not well planned. Internal dept communication is terrible as well as overall direction. This is pretty much the worst work experience I have had.

Advice to Senior ManagementChange the overall leadership and try again.

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • Approves of CEO

 

Company on the move

Business Analyst (Former Employee)
Livingston, NJ

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

ProsGood company to work for, good culture, nice people

ConsGood company, can't think of any

Advice to Senior ManagementKeep doing what you're doing

Yes, I would recommend this company to a friend

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • Approves of CEO

3 people found this helpful  

Experience depends on the department

IT Developer (Current Employee)
Livingston, NJ

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

ProsGreat Leadership if you are in the finance departments. John Thain really is a visionary and brilliant manager. Good salaries and flexible work/life balance in general.

ConsTerrible IT leadership. The CIO brought in 10 managers from UBS to secretly offshore/outsource the IT staff. They are killing morale and destroying the ability of the IT staff teams to deliver on any projects. One manager is dumber than the next and they are only focused on their bonuses. I've never worked for a company where EVERYONE in IT that wasn't a manager was looking for a job - It's incredible and really sad since you have some great people in the organization.

Also very tough for women to work under this crew. They really think it's 1970 - You wouldn't believe the wildly inappropriate comments that come out of this UBS crew.

Advice to Senior ManagementFire the lot of them and put in IT management that actually cares about the overall corporate goals and isn't trying to get around labor laws by driving out the existing staff.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • Disapproves of CEO

1 person found this helpful  

No direction - bad place for women

Vice President (Current Employee)
New York, NY

I have been working at CIT full-time for more than 5 years

ProsGreat mid-level management team. Good benefits package and reasonable work/life balance depending on role.

ConsNo strategic direction. Disturbingly high number of senior executives without requisite skill set to perform effectively. Token female representation in leadership team. Senior women often pushed aside to provide development opportunities for men. In general, lip service paid to employee development.

Advice to Senior ManagementExecutive management needs to be rebalanced with experienced bank managers.

Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • No Opinion of CEO

 

Hostile IT work environment in survivor mode.

Vice President (Former Employee)
Livingston, NJ

I worked at CIT full-time for more than a year

ProsMy particular group was fantastic, but almost all either left or were let go. The only good news is that they gave me an excellent package and large bonus, but I can only assume that this will be changed soon, so don't count on it. The new CIO brought in some good directors, but let all the worker bees go. Now what did that cost?

ConsThe IT department is a hostile work environment. There are people there who can only be described as needing medication. Processes date from the 80's. There is a Mainframe mentality. May I quote : "What's wrong with mainframe?". This company is in survivor mode after going through a bankruptcy.

Advice to Senior ManagementDo some 360 feedbacks. You have not got a clue who your best people are and are not.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • Disapproves of CEO

 

Broken Model

Senior Vice President (Former Employee)
Livingston, NJ

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

ProsGood hard working middle level people

ConsBroken business model, lack of clear leadership, all tactical no strategy

Advice to Senior ManagementSell

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         

1 person found this helpful  

Good Company

Anonymous Employee (Former Employee)

I worked at CIT

ProsManagement listened to workers ideas

ConsInter office politics can be a problem

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • No Opinion of CEO

 

Just another paycheck

Vice President (Former Employee)
Livingston, NJ

I worked at CIT full-time for more than 10 years

ProsFlexible work hours, really nice cafeteria...that's about it. Oh, if you're in the right department, and know the right people, and say the right things, you could do OK.

ConsFrom the tech dept. perspective. Too many consultants who are only interested in their current position and will leave the second something higher paying comes along. No long term outlook. Constantly shifting goals. Lots of layoffs, it has been almost a constant several times a year for the last five years. No one there that is over 30 actually does work anymore, they all direct "offshore" people. Onerous paperwork and regulations. Almost seems like you have to fill out a form to use the rest room. There's more, but I won't bother.

No, I would not recommend this company to a friend

Was this review helpful?
Yes | No
Add Employer Response Flag Review

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • Approves of CEO

1 person found this helpful  

Great Company

Intern (Former Employee)
Jacksonville, FL

I worked at CIT as an intern for less than a year

ProsWell-paid for an intern, great experience, very good management.

ConsSome of the people are difficult to work around.

Advice to Senior ManagementBring in more effective employees for operations. Difficult to work while so many employees are so negative toward/about one another

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

Was this review helpful?
Yes | No
Add Employer Response Flag Review
RSS Feed Embed

Worked for CIT? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.

Glassdoor is your free inside look at CIT reviews and ratings — including employee satisfaction and approval rating for CIT CEO John A. Thain. All 106 reviews posted anonymously by CIT employees.