There are newer employer reviews for CIT
There are newer employer reviews for CIT

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Some very good, some very bad

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

I worked at CIT

Disapproves of CEO
Disapproves of CEO

Pros

the fellow employees and colleagues were great and what i miss the most from being there. the benefits were very good too

Cons

there was a complete mismanagement of risk and proactive management of the business. everything was reactionary and ultimately led to the bankruptcy

Advice to Management

Embrace diversity and new ways of doing things

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  1. Compensation makes it difficult to leave

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at CIT

    No opinion of CEO
    No opinion of CEO

    Pros

    Bonus and base salary are higher than average for my particular background. Vacation policy is better than the norm. Easy access to major highways from HQ.

    Cons

    No chance for promotion. Openings are filled with outsiders. Many long term employees had their savings wiped out by bankruptcy. No raises for 3 of last 5 years has brought compensation more in line with competition so good people are starting to leave. Office is an embarrassment, old, broken furniture, lack of privacy making it difficult to concentrate on work. It appears that new management team is dressing company up for a sale.

    Advice to Management

    There are a lot of faithful employees who have stepped up to fill gaps left by the departure of those above them who have not been rewarded when the positions are filled. Start working on employee retention for your middle management and lower level workers before the economy improves and the company loses too many SMEs.


  2. New CIT

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director
    Current Employee - Director

    I have been working at CIT

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

    Pros

    paycheck keeps coming and the new C suite look ok.

    Cons

    No plan or direction- new C suite has not cleared out deadwood that ran company in ground

    Advice to Management

    Time to look hard at the folks who help Peak kill company


There are newer employer reviews for CIT
There are newer employer reviews for CIT

See Most Recent

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