CIT

  www.cit.com
  www.cit.com
There are newer employer reviews for CIT

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

140 Other Employee Reviews for CIT (View Most Recent)

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  1. 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 (less than an 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
  2. 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 (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
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