CIT Group Reviews

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.

Pros

Good and experienced people in all units

Cons

Limited career pathing and difficult to get ahead in Company

Advice to Senior Management

Promote people and encourage cross-training in the organization. Share profitability of the Company with the employees

Pros

Salary is not bad..
cheap cafe food.

Cons

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

Advice to Senior Management

Need to motivate workers.

Pros

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

Cons

Poor 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 Management

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

Pros

Location. Benefits. People. Rewards. Perks.

Cons

Pay. Promotion. Business Development. Staffing.

Pros

leader in the industry, excellent compensation and incentive, retired in 2009

Cons

prior management torpedoed the company, company has been crippled by regulators and losses

Pros

Opportunity to standout if you work hard

Cons

Former leadership did not provide clear direction

Pros

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

Cons

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

Advice to Senior Management

Hire managers that have the ability to manage people in addition to being subject matter experts.

Pros

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

Cons

In 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 Management

It'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.

Pros

Compensation and benefits initially were very good. Vacation time is very good.The regular people are easy to work with.

Cons

Forget about getting respect. Managers don't even say good morning to you. Long term employees were layed off and told they wouldn't get the packages they were entitled to because the company was "In Distress". That went over real well with long term employees that had been priced out of the market place. They mislead clients whenever they get the chance. The level of professionalism in upper management is non-existant. The workers are blamed and always left to clean up the messes upper management makes.

Advice to Senior Management

Treat people which are your most valuable resource like human beings and stop lying to your clients. Thain is trying to get the mess he inherited turned around. Hopefully he will bring the company out from under the Federal Reserve rules and requirements which was a mistake.