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1 person found this helpful

Going Down the Tubes

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Managing Director in New York, NY
Current Employee - Managing Director in New York, NY

I have been working at CIT

Pros

They bribed me to join the company. It is currently in turnaround mode. There is not that much pressure as so many people in the company are not currently performing.

Cons

Company is currently in distress. Without access to the unsecured credit markets, it is tough to originate new loans. The company is too large for its present level of business activity and it needs to be severely downsized. Thus, working there is a constant uphill battle if you are actually trying to deliver results. There is a general malaise among employees.

Advice to ManagementAdvice

Sell the company soon to someone that has cheaper access to funds.

Doesn't Recommend
Disapproves of CEO
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  1. Operations Clerk

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at CIT

    Pros

    Very Good working environment

    Cons

    Basic Salary is not high

  2. I have been working at CIT Group

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Contractor - Operations Administrator DACH in Dublin, Dublin (Ireland)
    Current Contractor - Operations Administrator DACH in Dublin, Dublin (Ireland)

    I have been working at CIT as a contractor (more than a year)

    Pros

    Great place to work. You learn a lot about business in a small amount of time, good atmosphere, competent people, great work life balance.

    Cons

    Upper management has no clear vision of future, limited personal growth

    Recommends
    Neutral Outlook
    No opinion of CEO
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