CIT Group Reviews

I have been working at CIT Group

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 Senior Management – 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.

Yes, I would recommend this company to a friend

I worked at CIT Group

Pros – The benefits package wasn't too bad. I was able to get most days off. Some of the other supporting staff was very pleasant to work with on a daily basis.

Cons – Management at local office was more concerned about the bottom line than the underwriting the correct way at times. This was a problem throughout the whole sub-prime industry. Doing the right thing and following guidelines all of the time would get you labeled a trouble maker. When asking for days off management would sometimes ask too many questions about why you wanted to take a day off or use a personal day.

Advice to Senior Management – Better focus on quality control and lending within CIT guidelines.

No, I would not recommend this company to a friend

I have been working at CIT Group

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 Senior Management – 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.

I worked at CIT Group

Pros – Technology is leading edge. Some of the front line technologists left are very highly skilled. Most have left or were outsourced to India.

Cons – Outsourcing culture. Senior management is very susceptible to group think. Like minded individuals with poor management, decision, and communication skills who surround themselves with individuals with poor management, decision, and communication skills.

Advice to Senior Management – You have lost the company's trust. Decisions that were made to make CIT a Fortune 200 company have backfired and now the company is trying to survive during this financial crisis.

No, I would not recommend this company to a friend

I have been working at CIT Group

Pros – The people. I am very luckly to work with such professional, friendly, and helpful colleagues.

Cons – The salary is measly. Granted I just graduated from college, but many of my friends who also work in the finance industry are already earning more.

Advice to Senior Management – Senior management is phenomenal here. They are very approachable and socialble with their employees. Our company's division is runs very efficiently and our customer satisfaction and profit records show this.

I have been working at CIT Group

Pros – They bribed me to join the company. It is currently in turnaround mode. There is not that much pressure as so many people in the company are not currently performing.

Cons – Company is currently in distress. Without access to the unsecured credit markets, it is tough to originate new loans. The company is too large for its present level of business activity and it needs to be severely downsized. Thus, working there is a constant uphill battle if you are actually trying to deliver results. There is a general malaise among employees.

Advice to Senior Management – Sell the company soon to someone that has cheaper access to funds.

No, I would not recommend this company to a friend

I worked at CIT Group

Pros – Without much workload
Respect the work schedule
Activities for employees

Cons – Very bad management
No training for employees
Directors with little experience and poor training

I worked at CIT Group

Pros – Lot of possibility to move up.

Cons – Low wages for lower levels.

I worked at CIT Group

Pros – competitive pay
9-5 day
really friendly work environment

Cons – boring
not as financially driven as the internship seems

Advice to Senior Management – none

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

Pros – Relationships are important and if you put some focus on building them, you can be more effective in whatever role you are in.

Cons – Seems that they are getting prepared for something significant to happen

No, I would not recommend this company to a friend