CIT
2.9 of 5 103 reviews
www.cit.com New York, NY 1000 to 5000 Employees

103 Employee Reviews (View Most Recent)

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  • Disapproves of CEO

1 person found this helpful  

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

Anonymous Employee (Current Employee)
Livingston, NJ

I have been working at CIT full-time for more than 8 years

Pros1) 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

Cons1) 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 Senior Management1) 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.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • Approves of CEO

1 person found this helpful  

Good Company..If you like doing one thing.

Associate (Current Employee)
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… 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… Advice to Senior Management: Communicate better with your employees because it will make them… No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company… More

  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Approves of CEO

1 person found this helpful  

decent pay but very dull routine job

Anonymous Employee (Former 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 Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company… More

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