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)

114 Employee Reviews
in
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Old culture environment

    Anonymous Employee (Current Employee)

    ProsSalary is not bad..
    cheap cafe food.

    Consstuck in the 1970s mentality
    lack of communication from senior management

    Advice to Senior ManagementNeed to motivate workers.

    No, I would not recommend this company to a friend

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

    1 person found this helpful  

    Culture of disrespect by certain people in management makes it uncomfortable especially for new employees.

    Anonymous Employee (Former Employee) New York, NY

    ProsPay, Location, Experience working for finance co. in NYC. Some nice colleagues.

    ConsPoor onboarding procedures. HR not helpful. Technology always on the blink. IT dept in need of serious overhaul. Pray you get a respectful boss. Mine was hellish.

    Advice to Senior ManagementManagement should take a look at the staff turnover in certain departments. There must be a reason why certain positions are vacated so frequently.

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

    1 person found this helpful  

    My overall experience was poor. Management is weak and biased.

    Anonymous Employee (Current Employee)

    ProsThe company has excellent benefits. They still provide 100% match for 401-k plans and they also have an excellent tuition reimbursement plan.

    ConsThere are no opportunities to move outside the business unit and no support by management for career growth.

    Advice to Senior ManagementHire managers that have the ability to manage people in addition to being subject matter experts.

    No, I would not recommend this company to a friend

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

    1 person found this helpful  

    Culture of disrespect in certain departments/divisions

    (Current Employee)

    ProsFor those who live near Livingston, NJ, it's an easy commute. Vacation time and benefits are good. Some managers are effective.

    ConsIn some groups, there are high value employees who do superior work at 100% effort, and others who simply show up and take up space, and the reaction by management is the same to both. No raises for anyone in 2011 and little recognition or respect by individual managers for the better employees. Subpar technology and facilities.

    Advice to Senior ManagementIt's demoralizing for good employees when excellence is not recognized by their immediate managers and minimal work by coworkers is tolerated. Top performers are going to leave, or dial down their effort , if they aren't rewarded and have to keep pulling the weight of lax colleagues.

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

     

    Company not sinking, but also going nowhere fast.

    Rail Leasing Customer Service/Mechanical (Former Employee) Chicago, IL

    ProsGood location, entry-level compensation is adequate, management is generally personable and easy to get along with, excellent in-office systems & equipment, and a good amount of knowledge resides in the office.

    ConsNo opportunity for advancement. Mid-level managers are exclusively grifted from GE or GATX; upper management (based in NYC) treats the rail division as a mere curiosity. Staff has limited knowledge of railcars outside of the mechanical group, and that group has been intentionally skeleton-ized and outsourced. (The finance group, on the other hand, is unnecessarily bloated) People with valuable industry knowledge & experience work here but middle management only rarely solicits opinions; decisions are always final, and often made without regard to feasibility and practicality.

    Advice to Senior ManagementRemove current division management and begin the process of identifying (and fast-tracking) those within the group who have not only the knowledge of the industry, but a passion for it as well. Too many 401K-chasing managers work here who have the booksmarts, but no real motivation to make CIT a premier company in this industry. Company literature advertises CIT as being an industry leader in rail transportation finance, but from a customer's point of view they're probably #4 or 5, and dropping.

    No, I would not recommend this company to a friend

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

     

    ehhh

    Anonymous Employee (Current Employee) Cleveland, OH

    Prosgood pay & benefits, nice time off. employees get the attention they need. work hard and maybe you'll get promoted.

    Conschances of getting promoted are slim. most of management is terrible. no water really knows whats going on. bonus is terrible.

    Advice to Senior Managementdo better communicating with employees. tell the truth and be honest with your people. maybe even promote people more. that would be nice.

    No, I would not recommend this company to a friend

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

     

    Lacking!

    Customer Servie Representatitve (Current Employee) Chicago, IL

    ProsFlexible scheduling, good staff, comfortable environment, well-located, decent pay

    Conslittle/no room for advancement, little guidance and developement, poor competency amidst management, outdated or non-existent procedures

    Advice to Senior ManagementEducation, advancement, and open-mindedness are all lacking

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

     

    Crazy place to work

    Assistant Vice President (Current Employee) Livingston, NJ

    ProsGood pay package. I received a large increase in pay to work there. They spend on technology and provide the tools you need to do a good job. They provide adequate levels of training. Good work life balance.

    ConsNo opportunity for advancement. The in-fighting was ridiculous among the various groups who could not get along. Each manager or executive blindly supports his own people.

    Advice to Senior ManagementImprove the retention by enhancing the ownership and opportunities you provide to employees. Enact a job rotation program to provide a broader scope to employees.

    No, I would not recommend this company to a friend

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

     

    18 months spent at the CIT Group, Inc.

    Management Associate (Current Employee) Charlotte, NC

    ProsThe company has a good benefits package. There is a good work/life balance culture. There are seasoned veterans with a wealt of knowledge.

    ConsThe Charlotte office has a flat organizational structure so there is not much movement for growth and advancement. After successfully completing the management associate program management associates are placed in positions where there is a need. The position may not necessarily be a good fit for the management associate.

    Advice to Senior ManagementThere are many seasoned veterans who have a wealth of experience at CIT. That is a positive. CIT should recognize that young talent who come to the organization should be groomed to rise up within the organization. Nepotism and handpicking certain employees for positions should be discouraged. It creates an environment where employees become distrustful of management. Try to foster an inclusive work environment as oppose to an exclusive work enironment. Work relations within the organization may greatly improve.

    No, I would not recommend this company to a friend

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

    1 person found this helpful  

    The company has great benefits, but you may find yourself unhappy and unsatisfied.

    Anonymous Employee (Current Employee) Jacksonville, FL

    ProsThe benefits are good. They start you up on medical and dental immediately, no waiting period. the 401k match is great. overall the benefits are some of the best I have seen. The main reason I accepted the position

    ConsThe training is horrible, No one wants to share information. There is little team work here. communication is lousy.

    Advice to Senior ManagementI would suggest he offer better training. Train managers to better assist their employees with work related issues. encourage the employee do better at their job. Your current mid to low level management often berate their employees for making simple mistakes.

    No, I would not recommend this company to a friend

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