There are newer employer reviews for CIT

I am new but so far friendly, helpful and team oriented group. Poor technology is frustrating.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Vice President in Livingston, NJ
Current Employee - Vice President in Livingston, NJ

I have been working at CIT

Recommends
Approves of CEO
Recommends
Approves of CEO

Pros

Stay in the financial arena without going to NYC. Pay is high. Company is a manageable size. People are professional.

Cons

Technology is very old which makes people jump through hoops. People are less sophisticated than at larger companies. Limited resources.

Advice to Management

Invest in infrastructure and you will have the information you need to run your business.

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  1. ehhh

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

    I have been working at CIT

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

    Pros

    good pay & benefits, nice time off. employees get the attention they need. work hard and maybe you'll get promoted.

    Cons

    chances of getting promoted are slim. most of management is terrible. no water really knows whats going on. bonus is terrible.

    Advice to Management

    do better communicating with employees. tell the truth and be honest with your people. maybe even promote people more. that would be nice.

  2. Company not sinking, but also going nowhere fast.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Rail Leasing Customer Service/Mechanical in Chicago, IL
    Former Employee - Rail Leasing Customer Service/Mechanical in Chicago, IL

    I worked at CIT

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

    Pros

    Good location, entry-level compensation is adequate, management is generally personable and easy to get along with, excellent in-office systems & equipment, and a good amount of knowledge resides in the office.

    Cons

    No opportunity for advancement. Mid-level managers are exclusively grifted from GE or GATX; upper management (based in NYC) treats the rail division as a mere curiosity. Staff has limited knowledge of railcars outside of the mechanical group, and that group has been intentionally skeleton-ized and outsourced. (The finance group, on the other hand, is unnecessarily bloated) People with valuable industry knowledge & experience work here but middle management only rarely solicits opinions; decisions are always final, and often made without regard to feasibility and practicality.

    Advice to Management

    Remove current division management and begin the process of identifying (and fast-tracking) those within the group who have not only the knowledge of the industry, but a passion for it as well. Too many 401K-chasing managers work here who have the booksmarts, but no real motivation to make CIT a premier company in this industry. Company literature advertises CIT as being an industry leader in rail transportation finance, but from a customer's point of view they're probably #4 or 5, and dropping.

There are newer employer reviews for CIT

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