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Cost cutting is now the norm for this company

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

I have been working at Citi full-time (More than a year)

Recommends
Negative Outlook
Approves of CEO
Recommends
Negative Outlook
Approves of CEO

Pros

Depending on your department, you can end up working with a great team. Most people in the company are interested in helping you get your work done.

Cons

The Great Recession has forever changed the banking industry and Citi in particular may never be the same, nowadays they are constantly in cost cutting & survival mode. Given the downsizing that has taken place, you can expect to be doing more work for the same salary. Very low transparency among senior management.

Advice to Management

Try to live by some of the same standards you set for your employees

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  1. Depends on your department and manager

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in New York, NY
    Former Employee - Analyst in New York, NY

    I worked at Citi full-time (More than 8 years)

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    Pros

    Overall, there was a fun and interesting employee base. I still stay in touch with many of my former peers. Also, It was fairly easy to move within the organization if you wanted to explore other areas.

    Cons

    At times, there was poor oversight of department managers. This may have been due to a good amount of manager turnover. Like many big firms, they were constantly looking to outsource jobs to cut costs.

    Advice to Management

    Treat people well and they will work hard and be loyal.


  2. Helpful (1)

    Don't be surprised...

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Vice President in Buffalo, NY
    Former Employee - Assistant Vice President in Buffalo, NY

    I worked at Citi full-time (More than 10 years)

    Neutral Outlook
    Disapproves of CEO
    Neutral Outlook
    Disapproves of CEO

    Pros

    Ability to work from home is a great plus (if your career allows it). I worked for Citi for 12 years. Worked for many different IT teams. Learned a great deal of technical skills.

    Cons

    The pay "stops" at a certain level. You are lucky if they do not take away a portion of your pay at your annual review.

    Advice to Management

    Don't call people on the phone with a one minute phone call to tell them they are a victim of "Redundancy"... Very unprofessional...


There are newer employer reviews for Citi
There are newer employer reviews for Citi

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