CIT

  www.cit.com
  www.cit.com

CIT Reviews

Updated November 24, 2014
Updated November 24, 2014
138 Reviews
2.9
138 Reviews
Rating Trends

Recommend to a friend
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CIT Chairman and CEO John A. Thain
John A. Thain
65 Ratings

Review Highlights

Pros
  • Depending on which department you are in, you usually have a great work life balance (in 16 reviews)

  • Good benefits package and reasonable work/life balance depending on role (in 15 reviews)


Cons
  • Senior management is not in touch with all of the businesses (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 Highlights

Employee Reviews

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  1. 1 person found this helpful  

    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)

    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 ManagementAdvice

    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.

    Doesn't Recommend
    Negative Outlook
  2.  

    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

  3.  

    Not the same company anymore

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at CIT

    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.

    No opinion of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    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 an year)

    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 ManagementAdvice

    Clean house.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6.  

    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)

    Pros

    Decent benefits. Pay is okay.

    Cons

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

    Advice to ManagementAdvice

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7.  

    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

    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.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8. 1 person found this helpful  

    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

    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 ManagementAdvice

    Better focus on quality control and lending within CIT guidelines.

    Doesn't Recommend
  9.  

    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

    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 ManagementAdvice

    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.

    Doesn't Recommend
    Disapproves of CEO
  10. 1 person found this helpful  

    Data Analyst

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

    I have been working at CIT full-time (more than 3 years)

    Pros

    It was ok when I joined in 2011, but a new CIO turned the place upside down

    Cons

    New CIO, New CIO, New CIO

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  11. 1 person found this helpful  

    Terrible place to work

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

    I have been working at CIT full-time (more than an year)

    Pros

    If you work in the Livingston office, it's an easy commute for those in nearby suburbs who have a car. If you live in NYC and don't have a car, it's a train and then a 20 minute cab ride, because Livingston is not near any form of public transportation.

    Cons

    Some very talented employees, but many managers are inept in their ability to manage staff. Some are rude and disrespectful. HR dept is dysfunctional. Good performance not rewarded financially. Constantly chasing meaningless metrics. Outdated technology; company is still using Internet Explorer 8.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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