CIT Reviews

Updated July 2, 2015
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3.2
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Recommend to a friend
Approve of CEO
CIT Chairman and CEO John A. Thain
John A. Thain
72 Ratings

Pros
  • There is a Good work-life balance (in 16 reviews)

  • Great company, good benefits, nice atmosphere (in 15 reviews)

Cons
  • Senior management lacks transparency (in 8 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 5 reviews)

More Pros and Cons

163 Employee Reviews

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  1. Helpful (1)

    Corporate Finance

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in Neshanic Station, NJ
    Former Employee - Vice President in Neshanic Station, NJ

    I worked at CIT (More than 10 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Company heading in the right direction since the bankruptcy filing. Offers competitive benefits package to employees. Provides perpetual educational programs to employees.

    Cons

    Staffing in certain areas are very thin which leads to long hours, projects not meeting deadlines and low morale among employees.

    Advice to Management

    Identify and replace poor performing managers. Management needs to better determine the appropriate staffing levels based on workload. "Too many chiefs not enough Indians".


  2. Helpful (1)

    CIT - not sure

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

    I worked at CIT

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    Management interested in growth and positioning for the future. Open environment where ideas are welcome. Compensation and advancement possible.

    Cons

    Trying to move into the 21st century but difficult to get anything done. Highly regulated and very political for a small organization. Location a problem.

    Advice to Management

    Be honest. Employees see through all the spin that goes on and realize the situation. Focus on the few growth markets that are out there and don't look for the home run.


  3. CIT review

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at CIT

    Pros

    Good work / life balance , decent salaries , modest bonuses

    Cons

    Location- very hard to get there


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (2)

    Team lead

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Corporate Finance in Danville, VA
    Former Employee - Corporate Finance in Danville, VA

    I worked at CIT full-time (More than 3 years)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Good place to learn. Friendly teams. Below average salary, bonus, benefits and opportunities

    Cons

    No career path. Director said I was ready to be promoted, but that I hadn't been there long enough lol

    Advice to Management

    Promote the best people, not those who kiss the most butt. So much happier I went to BOA


  6. Helpful (1)

    okay

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

    I worked at CIT full-time

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    Good Benefits, good recovery from bankruptcy

    Cons

    Marketing department was too small and overworked

    Advice to Management

    listen to the people on the ground


  7. Good company

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Data Analyst in Jacksonville, FL
    Current Employee - Senior Data Analyst in Jacksonville, FL

    I have been working at CIT full-time (More than a year)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Solid benefits, nice 401 K match.
    Established company with a positive industry reputation.
    Reasonable opportunities for advancement

    Cons

    Staffing in some areas is reflective of past cutbacks, skills don't meet industry expectations.


  8. Helpful (2)

    Director IT

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

    I worked at CIT full-time (More than 5 years)

    Positive Outlook
    No opinion of CEO
    Positive Outlook
    No opinion of CEO

    Pros

    Good people. Solid company with 100+ year reputation. Financials are improving and showing positive signs since bankruptcy.

    Cons

    Companies main purpose seems to be to make money for executive management. Key positions are filled from outside. Massive layoffs for offshoring or due to executive management changes. Livingston is a dump.

    Advice to Management

    Stop being so greedy. Keep American jobs in America. Don't allow wholesale replacement of staff because a new department head arrived.


  9. Great

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

    I have been working at CIT

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    People care about you and how you fit in

    Cons

    None so far that I can see


  10. Great place to work at!

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

    I have been working at CIT

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    The culture at CIT is a very encouraging and supporting culture. I've been at CIT for since last year and I'm surprised by how far I have been able to progress through my career in such a short amount of time.

    Cons

    It can be difficult to move between or learn about different departments within the company.


  11. Helpful (1)

    Team Lead

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Portfolio Specialist in Jacksonville, FL
    Former Employee - Portfolio Specialist in Jacksonville, FL

    I worked at CIT full-time (More than 8 years)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    At the baseline employee level there are great co-workers willing to help each other and work together. They all support each other and stick together.

    Cons

    Management is the worst. There is a major communication breakdown between the base employee and upper management. Too much politics and FDIC requirements to "...stay in compliance." This does not allow the employees to remain focused on their jobs, they spend way too much time having to document for the "management" and protect themselves to retain their positions.

    Advice to Management

    Upper management, not middle, needs to listen to their lower level employees. Unbiased outside consultants should be brought in to shadow the lower level ranks for a month in key depts, i.e. Cust Ser, Collections, Premier, Fin. Adj., etc., as well as management. The "consultant" can then freely ask questions and interact with the employees to get a real feel for the "dissension among the ranks" in regards to how the Team Lead and Director positions are "micro-managing".



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