CIT Reviews

Updated April 13, 2015
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Employee Reviews

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  1. Helpful (1)

    No direction - bad place for women

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

    I have been working at CIT full-time (more than 5 years)

    Recommends
    Negative Outlook
    Disapproves of CEO
    Recommends
    Negative Outlook
    Disapproves of CEO

    Pros

    Great mid-level management team. Good benefits package and reasonable work/life balance depending on role.

    Cons

    No strategic direction. Disturbingly high number of senior executives without requisite skill set to perform effectively. Token female representation in leadership team. Senior women often pushed aside to provide development opportunities for men. In general, lip service paid to employee development.

    Advice to Management

    Executive management needs to be rebalanced with experienced bank managers.

  2. Helpful (1)

    Hostile IT work environment in survivor mode.

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

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

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    My particular group was fantastic, but almost all either left or were let go. The only good news is that they gave me an excellent package and large bonus, but I can only assume that this will be changed soon, so don't count on it. The new CIO brought in some good directors, but let all the worker bees go. Now what did that cost?

    Cons

    The IT department is a hostile work environment. There are people there who can only be described as needing medication. Processes date from the 80's. There is a Mainframe mentality. May I quote : "What's wrong with mainframe?". This company is in survivor mode after going through a bankruptcy.

    Advice to Management

    Do some 360 feedbacks. You have not got a clue who your best people are and are not.

  3. Helpful (1)

    stagnant. Oppresive working atmosphere.

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

    I have been working at CIT full-time (more than 8 years)

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

    Pros

    decent med and dental benefits. Nice coworkers. Good central location in Jax Fl. Decent shift work. Close to shops and restaurants.

    Cons

    Low morale. Little or no advancement opportunities. Absentee mgmt. Bonuses unfairly distributed.

    Advice to Management

    To Corp in NJ I say start fresh with Jax mgmt from top to bottom. Train your mgrs. Stop tge nepotism in hiribg and promotion process. Fire HR Mgrs. Curent staff does not want to get involved in employee complaints. They rat you out! You get black-balled.

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  5. Bad employer (Mexico's office)

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at CIT

    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

  6. Not the same company anymore

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at CIT

    No opinion of CEO
    No opinion of CEO

    Pros

    Has good medical and dental benefits

    Cons

    Since the new CEO and CIO joined the company, many re-organizations have occurred and jobs impacted. Didn't take the time to assess talent and move individuals to different positions.

  7. Hierarchies and fiefdoms; bureaucratic, stifling with no opportunity for innovation

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

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

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Pay... maybe. CIO is new, and there's hope.

    Cons

    Stifling, bureaucratic, extreme administrative overhead. People cannot seem to execute on new. Stuck in hierarchy and fiefdoms. The market they're in is rife with opportunity but the "guard" stops any innovation in it's path. Antiquated infrastructure with zero tools for collaboration.

    Advice to Management

    Clean house.

  8. Horrible leadership by management

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

    I have been working 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

    Decent benefits. Pay is okay.

    Cons

    Management is very disorganized and change the rules of the game every few weeks.

    Advice to Management

    Get your act together already. You need organized training for the employees.

  9. Once a great company, now struggling to redefine itself

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

    I worked at CIT full-time

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

    Pros

    Overall decent benefits; great opportunity for new graduates to "get the feet wet".

    Cons

    Not a long-term environment; continuous layoffs aimed at reducing expenses. Limited mentors.

  10. Helpful (1)

    Not surprising the Home Lending unit failed during sub-prime crisis!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Underwriter in Saint Louis, MO
    Former Employee - Underwriter in Saint Louis, MO

    I worked at CIT

    Doesn't Recommend
    Doesn't Recommend

    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 Management

    Better focus on quality control and lending within CIT guidelines.

  11. Don't bother, if CIT survives it may not be of any value to work there.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Vice President of Information Technology in Livingston, NJ
    Former Employee - Vice President of Information Technology in Livingston, NJ

    I worked at CIT

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    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 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.

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