CIT Reviews

Updated August 21, 2014
Updated August 21, 2014
118 Reviews

2.7
118 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
CIT Chairman and CEO John A. Thain
John A. Thain
52 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

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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 for 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. 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 for 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
  3. 1 person found this helpful  

    Good Company..If you like doing one thing.

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

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

    Pros

    Good location, Nice people, relaxed enviornment. Competitve salaries for the area. Workload is spread out and divided equally.Decent benefits package. A lot of different departments that you can move to If you want to expand and/or change career paths.

    Cons

    All work is done and managed by a seperate department, which makes it hard to expand your skill set for other things. Managment needs to have more communication with the employees to give the workers a better idea of the direction that the company is trying to take. CIT is a good place for older employees who are looking for a place to make money and ride into the sunset into retirement. For a young person who wants to grow and learn this is not the company for you. Stay away.

    Advice to ManagementAdvice

    Communicate better with your employees because it will make them feel more apart of the vision of the company.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
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  5. 1 person found this helpful  

    decent pay but very dull routine job

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at CIT as a contractor for less than a year

    Pros

    friendly employees, quite, laid-back environment, independently hard-working

    Cons

    maybe not for young people, everyday is very dull

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

    Good and bad

    • 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 for more than 8 years

    Pros

    Working in my group was satisfying and rewarding

    Cons

    Was a good business but prior senior management made some stupid decisions

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7. 1 person found this helpful  

    Decent but manager was terrible

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

    I worked at CIT full-time for more than 3 years

    Pros

    Decent people to work with.

    Cons

    Pretty stagnant not much opportunity.

    Advice to ManagementAdvice

    Figure out what type of company you want to be.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  8.  

    Very rewarding

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

    I worked at CIT

    Pros

    Very knowledgible employees
    Good atmosphere
    great first level management
    on site caf.
    great sdlc procedures
    current applications
    management keeps employees informed

    Cons

    not enough offices some mangers are in cubicles
    bad meeting rooms some enclosed by glass only
    Livingston building needs to be modernized

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Good place to work with interesting work and good people

    • 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 for more than 10 years

    Pros

    I liked the culture, satisfying work, good benefits and with some business units impressive performance, generally people were good to work with and compensation seeemed to be average to above average

    Cons

    Stability, some management decisions and business outlook

    Neutral Outlook
    No opinion of CEO
  10.  

    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
  11.  

    Nice people, but not an enjoyable experience

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

    I have been working at CIT as an intern for less than a year

    Pros

    Honestly, I cannot think of any. The people there are somewhat nice and the team I worked with had some very nice people - but that's about it. They're just nice.

    Cons

    The company culture is awful. There doesn't seem to be any ambition amongst any of the employees. It just seems a stopover for some people until they find something better.

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

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