CIT

  www.cit.com
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CIT Reviews

Updated August 16, 2014
Updated August 16, 2014
117 Reviews

2.7
117 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
CIT Chairman and CEO John A. Thain
John A. Thain
51 Ratings

Review Highlights

Pros
  • Depending on which department you are in, you usually have a great work life balance (in 11 reviews)

  • Good benefits package and reasonable work/life balance depending on role (in 14 reviews)


Cons
  • Senior management is not in touch with all of the businesses (in 7 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 4 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    All about facetime

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

    Pros

    CIT is a large global financial institution across several markets--good opportunities to grow. Headquarters are in NJ but in NYC as well.

    Cons

    All about the facetime - work life doesn't matter to mgmt as this company is typically a vacation away from the more competitive banking. While everyone has laptops, old school mgmt looks down if there are empty seats at 6 pm even on Friday nights in the summer

    Advice to ManagementAdvice

    Need a better career proposition to keep strong talent other than ' these hours are better then Merrill'

    Doesn't Recommend
    No opinion of CEO
  2.  

    VP

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

    Pros

    Very fast pace, Intelligent people, good compensation

    Cons

    They have some risky ventures, makes more but job security changes

    Advice to ManagementAdvice

    none

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Great Experience

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

    Pros

    Great co-workers, professional but exhibited a good sense of humor. Good benefits, paid time off, and holidays off.

    Cons

    Training does not exist. More like sit with this person and learn their habits (good or bad).Pay for certain positions are not compatible with the job duties

    Advice to ManagementAdvice

    Show your employees that you appreciate them.

    Recommends
    Positive Outlook
    No opinion of CEO
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  5.  

    Amazing

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Project Coordinator  in  Burlington, ON (Canada)
    Former Employee - Project Coordinator in Burlington, ON (Canada)

    Pros

    CIT is a great a place to work ... the management is really supportive for wanting to learn more, supportive of ideas to make things better and overall great place to be.

    Cons

    CIT deals with a lot of boring content, contracts, processing contract and the such, a lot of the roles in Burlington at least are very mundane, nothing too exciting. and the air in the building is so dry it feels like its sucking the life out of you.

    Advice to ManagementAdvice

    make it more interesting to work there

    Recommends
    Positive Outlook
    Approves of CEO
  6. 1 person found this helpful  

    I do not consider CIT a world class Financial Services Organization

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

    Pros

    Nothing to share. I do not have any pro's to speak of that were not personal in nature. Headquarters in NJ is convenient for many of the employees.

    Cons

    Everything was second rate compare to other financial services companies. Compensation, career potential and the quality of management will never be at the same level of its competitors.

    Advice to ManagementAdvice

    Do not make committments to change and people that you cannot and will not keep.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  7. 2 people found this helpful  

    Dedicated Staff, marginal management

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

    Pros

    Coworkers band together despite frequent management replacements

    Cons

    Management still cannot get it right

    Advice to ManagementAdvice

    Find work in a different industry sector or planet.

    Negative Outlook
    Approves of CEO
  8.  

    this company is broken.

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

    Pros

    -good cafeteria - good food and good people work there.
    -foosball table.

    Cons

    -no moral compass.
    -the good people have left already or are leaving.

    -this was once a good company but senior management team broke it and continue to drive this ship in the dirt with reckless abandon.

    Advice to ManagementAdvice

    “...people will forget what you said, people will forget what you did, but people will never forget how you made them feel.”

    ― Maya Angelou

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  9.  

    Pressure-packed work environment

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

    Pros

    Good work/life balance. Well-run cafeteria. Most people are nice and easy to work with. Good opportunity for on-the-job learning. Some directors go the extra-mile to make CIT a satisfying place to work.

    Cons

    Not enough directors go the extra-mile to make CIT a satisfying place to work. No opportunity to learn new things, unless self-motivated and can squeeze it in. Those with talent are stretched too thin. Those that are less-motivated get away with doing the bare minimum. Some subordinates feel managers aren't in-touch, therefore those managers are not respected. Promises made by management are too often not kept. Managers that are sharp are not appreciated. Low employee morale. Lots of job-seeking going on. Plenty of complaints, bad language, bad attitudes, and behind-the-back-bad-mouthing. Goal setting policy is implemented like it was a forced government mandate rather than as a tool to develop talent. Politically correct surveys are a joke.

    Advice to ManagementAdvice

    Recognize the talent you have and reward it. Create a policy of regularly clearing out dead-wood. Implement a 360 degree feedback program.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  10.  

    Good people, but management

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

    Pros

    The people are fantastic! Really great, intelligent people.

    Cons

    The company is struggling with who they want to be and what the areas of focus are. Plus there is still a lot of apathy from bankruptcy. Senior management is not in touch with all of the businesses.

    Advice to ManagementAdvice

    Put the businesses first.

    Recommends
    Neutral Outlook
    Disapproves of CEO
  11.  

    Worst IT experience and work environment

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

    Pros

    Seriously can't think of anything. Maybe the onsite cafeteria

    Cons

    Upper management does not listen to recommendations or potential road blocks for projects. The transition within IT was not well planned. Internal dept communication is terrible as well as overall direction. This is pretty much the worst work experience I have had.

    Advice to ManagementAdvice

    Change the overall leadership and try again.

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