CIT Reviews

Updated July 2, 2015
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163 Employee Reviews

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  1. Helpful (1)

    A place to gain experience

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

    I have been working at CIT full-time

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

    Pros

    The company is morphing and spending in maturity, both in IT and business side. Opportunity to gain new skills and knowledge of technologies and implement them.

    Cons

    Below average pay compared to competitors. Too much on employee plates and management doesn't seem to want to invest in hiring. Always a "get it done" approach and little to no project management organization or talent.

    Advice to Management

    slow down, build from the bottom up and don't try to do everything at once. That's a recipe for disaster.


  2. Helpful (2)

    Great Company - Bad middle managers

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

    I have been working at CIT full-time

    Doesn't Recommend
    Positive Outlook
    Doesn't Recommend
    Positive Outlook

    Pros

    The people - the staff is friendly and helpful.

    Cons

    No career paths - all jobs are dead ends


  3. Helpful (1)

    Don't waste your time

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at CIT

    Pros

    Pay and that is about it

    Cons

    Place is run like a death camp. If you like to work until all hous of the night, CIT is your place.


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  5. Helpful (2)

    Toxic Work Environment

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

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

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

    Pros

    Good Location, decent benefits, cafeteria in the building

    Cons

    unprofessional work environment, CONTROL and COMMAND leadership, outdated IT systems, limited room to advance, No diversity in the leadership positions at all or on the Board.

    Advice to Management

    STOP pretending to be a profitable organization by downsizing. RE-VAMP and overhaul all C-level


  6. Helpful (1)

    VP

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

    I have been working at CIT (More than 5 years)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Great benefits and supportive management. Promote from within.

    Cons

    Controls starting to get too stringent as company grows.

    Advice to Management

    Salary levels seem to be below market.


  7. Helpful (1)

    Sr Accountant

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

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

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Unbelievable PTO days. All the days are combined. This company offers Personal Days, Sick Days, Vacation Days. Plus rollover 1 week.
    11 Holidays
    Great 401K match
    Jeans worn during the whole and during the last two weeks of the years.
    Best tuition reimbursement payout.
    Hours 8:30 to 5

    Cons

    Merit increases are low percentage.
    Limited growth depending on your department
    Doesn't off offsite training.

    Advice to Management

    None


  8. Loved it, Great people

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

    I have been working at CIT part-time (Less than a year)

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

    Pros

    Manager cared about my development and offered many opportunities to apply myself. Great pay and room for independence. My fellow employees are amazing.

    Cons

    No growth or career development . People at the Director level and some life-time VP's never leave which further compounds the problem

    Advice to Management

    Set up a career path for associates and give more training to employee to increase effectiveness.


  9. Vice President

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

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

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

    Pros

    Collegiate and collaborative atmosphere...at CIT, even when in a control or risk function people are polite and ready to work toward solutions. It is a refreshing and energizing place to work. Work-life balance is also excellent.

    Cons

    As it continues its transition from finance company to bank, there are some adjustment pains. The different functions don't always know their boundaries, and new policies and procedures need some weathering.

    Advice to Management

    Keep up good work toward bank organization and controls, but don't forget our origins in middle market and equipment financing.


  10. Loved it, dynamic place

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

    I worked at CIT full-time (Less than a year)

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

    Pros

    Manager cared about my development and offered many opportunities to apply myself. Great pay and room for independence.

    Cons

    Few birthing pains as the company was still growing, so one had a few delays here and there as posts/systems were being filled/developed. Felt like a bit of a startup as the company is transforming itself.

    Advice to Management

    Stay on the current path as change is essential and refreshing.


  11. Helpful (2)

    Full of opportunities in terms of areas of opportyunity found. Managment could do much better

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President Finance in Livingston, NJ
    Current Employee - Vice President Finance in Livingston, NJ

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

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Location if you live in NJ is convenient
    Competitive benefits
    Good progress oportunities if you are lucky enough to work for the "New School Management"
    Good work-life balance overall

    Cons

    Can get stucked if you are working for the "Old School Management"
    Carreer path not clearly traced
    Need imporvment on people motivation
    Poor senior management (Old School memebers)



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