CIT Reviews

Updated April 24, 2015
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Employee Reviews

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  1. 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)

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

    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 Management

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

  2. Old culture environment

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at CIT

    Doesn't Recommend
    Approves of CEO
    Doesn't Recommend
    Approves of CEO

    Pros

    Salary is not bad..
    cheap cafe food.

    Cons

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

    Advice to Management

    Need to motivate workers.

  3. Helpful (1)

    Culture of disrespect by certain people in management makes it uncomfortable especially for new employees.

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY

    I worked at CIT

    No opinion of CEO
    No opinion of CEO

    Pros

    Pay, Location, Experience working for finance co. in NYC. Some nice colleagues.

    Cons

    Poor onboarding procedures. HR not helpful. Technology always on the blink. IT dept in need of serious overhaul. Pray you get a respectful boss. Mine was hellish.

    Advice to Management

    Management should take a look at the staff turnover in certain departments. There must be a reason why certain positions are vacated so frequently.

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  5. Helpful (1)

    My overall experience was poor. Management is weak and biased.

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at CIT

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

    Pros

    The company has excellent benefits. They still provide 100% match for 401-k plans and they also have an excellent tuition reimbursement plan.

    Cons

    There are no opportunities to move outside the business unit and no support by management for career growth.

    Advice to Management

    Hire managers that have the ability to manage people in addition to being subject matter experts.

  6. Helpful (1)

    Culture of disrespect in certain departments/divisions

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at CIT

    Approves of CEO
    Approves of CEO

    Pros

    For those who live near Livingston, NJ, it's an easy commute. Vacation time and benefits are good. Some managers are effective.

    Cons

    In some groups, there are high value employees who do superior work at 100% effort, and others who simply show up and take up space, and the reaction by management is the same to both. No raises for anyone in 2011 and little recognition or respect by individual managers for the better employees. Subpar technology and facilities.

    Advice to Management

    It's demoralizing for good employees when excellence is not recognized by their immediate managers and minimal work by coworkers is tolerated. Top performers are going to leave, or dial down their effort , if they aren't rewarded and have to keep pulling the weight of lax colleagues.

  7. Company not sinking, but also going nowhere fast.

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Rail Leasing Customer Service/Mechanical in Chicago, IL
    Former Employee - Rail Leasing Customer Service/Mechanical in Chicago, IL

    I worked at CIT

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

    Pros

    Good location, entry-level compensation is adequate, management is generally personable and easy to get along with, excellent in-office systems & equipment, and a good amount of knowledge resides in the office.

    Cons

    No opportunity for advancement. Mid-level managers are exclusively grifted from GE or GATX; upper management (based in NYC) treats the rail division as a mere curiosity. Staff has limited knowledge of railcars outside of the mechanical group, and that group has been intentionally skeleton-ized and outsourced. (The finance group, on the other hand, is unnecessarily bloated) People with valuable industry knowledge & experience work here but middle management only rarely solicits opinions; decisions are always final, and often made without regard to feasibility and practicality.

    Advice to Management

    Remove current division management and begin the process of identifying (and fast-tracking) those within the group who have not only the knowledge of the industry, but a passion for it as well. Too many 401K-chasing managers work here who have the booksmarts, but no real motivation to make CIT a premier company in this industry. Company literature advertises CIT as being an industry leader in rail transportation finance, but from a customer's point of view they're probably #4 or 5, and dropping.

  8. ehhh

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Cleveland, OH
    Current Employee - Anonymous Employee in Cleveland, OH

    I have been working at CIT

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

    Pros

    good pay & benefits, nice time off. employees get the attention they need. work hard and maybe you'll get promoted.

    Cons

    chances of getting promoted are slim. most of management is terrible. no water really knows whats going on. bonus is terrible.

    Advice to Management

    do better communicating with employees. tell the truth and be honest with your people. maybe even promote people more. that would be nice.

  9. Lacking!

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Customer Servie Representatitve in Chicago, IL
    Current Employee - Customer Servie Representatitve in Chicago, IL

    I have been working at CIT

    Disapproves of CEO
    Disapproves of CEO

    Pros

    Flexible scheduling, good staff, comfortable environment, well-located, decent pay

    Cons

    little/no room for advancement, little guidance and developement, poor competency amidst management, outdated or non-existent procedures

    Advice to Management

    Education, advancement, and open-mindedness are all lacking

  10. Crazy place to work

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Assistant Vice President in Livingston, NJ
    Current Employee - Assistant Vice President in Livingston, NJ

    I have been working at CIT

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

    Pros

    Good pay package. I received a large increase in pay to work there. They spend on technology and provide the tools you need to do a good job. They provide adequate levels of training. Good work life balance.

    Cons

    No opportunity for advancement. The in-fighting was ridiculous among the various groups who could not get along. Each manager or executive blindly supports his own people.

    Advice to Management

    Improve the retention by enhancing the ownership and opportunities you provide to employees. Enact a job rotation program to provide a broader scope to employees.

  11. 18 months spent at the CIT Group, Inc.

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Management Associate in Charlotte, NC
    Current Employee - Management Associate in Charlotte, NC

    I have been working at CIT

    Doesn't Recommend
    Doesn't Recommend

    Pros

    The company has a good benefits package. There is a good work/life balance culture. There are seasoned veterans with a wealt of knowledge.

    Cons

    The Charlotte office has a flat organizational structure so there is not much movement for growth and advancement. After successfully completing the management associate program management associates are placed in positions where there is a need. The position may not necessarily be a good fit for the management associate.

    Advice to Management

    There are many seasoned veterans who have a wealth of experience at CIT. That is a positive. CIT should recognize that young talent who come to the organization should be groomed to rise up within the organization. Nepotism and handpicking certain employees for positions should be discouraged. It creates an environment where employees become distrustful of management. Try to foster an inclusive work environment as oppose to an exclusive work enironment. Work relations within the organization may greatly improve.

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