CIT

www.cit.com
Employer Engaged

Employee Reviews

Sort: Popular Rating Date
  1. 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

    I have been working at CIT full-time (more than 10 years)

    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
  2.  

    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

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

    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
  3.  

    Broken Model

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

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

    Pros

    Good hard working middle level people

    Cons

    Broken business model, lack of clear leadership, all tactical no strategy

    Advice to ManagementAdvice

    Sell

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    Just another paycheck

    • 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 10 years)

    Pros

    Flexible work hours, really nice cafeteria...that's about it. Oh, if you're in the right department, and know the right people, and say the right things, you could do OK.

    Cons

    From the tech dept. perspective. Too many consultants who are only interested in their current position and will leave the second something higher paying comes along. No long term outlook. Constantly shifting goals. Lots of layoffs, it has been almost a constant several times a year for the last five years. No one there that is over 30 actually does work anymore, they all direct "offshore" people. Onerous paperwork and regulations. Almost seems like you have to fill out a form to use the rest room. There's more, but I won't bother.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6. 1 person found this helpful  

    Interesting time at CIT Group

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

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

    Pros

    Great employees who work hard

    Cons

    Belief that current employees don't have the skills needed

    Advice to ManagementAdvice

    Trust your employees to get the job done

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  7. 2 people found this helpful  

    Low Morale in IT Department

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

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

    Pros

    many people stay at CIT for a long time

    Cons

    IT Department has had multiple layoffs in recent years leading to low morale and fears of total outsourcing of IT. Culture is focused on compliance and not technology. limited room for internal growth. majority of high-level positions have gone to new hires and not internal candidates. Business has low regard for IT department and thinks of them as an expense only.

    Doesn't Recommend
    No opinion of CEO
  8.  

    CIT post Bankruptcy

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

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

    Pros

    New C level team has smarts, and getting out from under a C & D is big step

    Cons

    Middle manage is same fools that allowed firm to fail, allworried that Thain will get rid of them he seems to have given them a chance to get on board, but most are just worthless self important over paid spinners

    Advice to ManagementAdvice

    Get rid of the nest of Snaks you have as P&L leaders and back up the CCO

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  9. 1 person found this helpful  

    Grab a life jacket as the CIT ship has BIG holes and the ride will be rough!

    • 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 8 years)

    Pros

    1) Immediate colleagues, though numbers have been dwindling due to numerous RIFs
    2) Decent benefits and telecommuting option
    3) Okay RIF package from what I have heard

    Cons

    1) Since emerging from bankruptcy, CIT has been trying to act like a bank with limited success.
    2) Too many MDs/Directors and not enough people who do substantive work.
    3) Compliance has been heavily staffed up, but business lines have experienced numerous RIFs.
    4) Cumbersome and idiosyncratic credit process that is slow to react to market changes.
    5) Extremely low employee morale due to continuous RIFs, reorganizations, merger rumors, portfolio sell-offs, etc.
    6) Very limited career advancement opportunity based on who you know rather than what you know.
    7) Antique IT systems.

    Advice to ManagementAdvice

    1) Concise and substantive credit proposals should be the norm rather than lengthy check-the-box dissertations.
    2) While it may be easy for credit to say no, that is not conducive to generating income when we are already so light on assets.
    3) Propose rational credit enhancements/structural changes rather than idealistic wish lists that are out-of-sync with the market.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10.  

    New management does not care about loyal long-time employees

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • 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 full-time (more than 8 years)

    Pros

    Salary, benefits, and vacation were good

    Cons

    Top management is systematically purging all of the loyal employees who kept the company going through bankruptcy, taking on multiple roles and stepping up to get the job done. This will eventually haunt them when the economy picks up and the brain drain is controlled by the employees not management.

    Advice to ManagementAdvice

    Be faithful to those that run the business day-to-day and treat them with some respect.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11.  

    Old culture environment

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

    I have been working at CIT

    Pros

    Salary is not bad..
    cheap cafe food.

    Cons

    stuck in the 1970s mentality
    lack of communication from senior management

    Advice to ManagementAdvice

    Need to motivate workers.

    Doesn't Recommend
    Approves of CEO

CIT Photos

CIT Aerospace
Company Flag

+ Add Photo

Work at CIT? Share Your Experiences

CIT

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.