CIT Reviews | Glassdoor

CIT Reviews

Updated April 21, 2018
381 reviews

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2.9
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Ellen Alemany
75 Ratings

381 Employee Reviews

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  1. "Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in New York, NY
    Former Employee - Associate in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at CIT full-time (More than 3 years)

    Pros

    Great place to begin a career. Young people are given a chance to take initiative very early on.

    Very nice people - generally no egos

    Fantastic work life balance for banking

    Cons

    Antiquated systems - need to get more efficient with tech

    Compensation is good, but lower than what you would get at a bulge bracket

    As with all regulated institutions, quite a bit of time is spent on regulatory reporting. It gets pretty boring.

    Advice to Management

    Keep up the good work.


  2. "Sr Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    The benefits the company offer are excellent; industry standard

    Cons

    Old and Antiquated systems, a lot of manual processes

    Advice to Management

    This company needs to establish a plan to develop employees, too many individuals in the same position for years because they are not interested in moving up because they have not been developed to move further.

  3. "A Good Company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst
    Former Employee - Analyst
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Collaborative environment, dynamic, good benefits

    Cons

    Currently restructuring to focus on core business


  4. "VP of Finance"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President of Finance in Livingston, NJ
    Current Employee - Vice President of Finance in Livingston, NJ
    Recommends
    Negative Outlook
    Disapproves of CEO

    I have been working at CIT full-time (More than 5 years)

    Pros

    work-life balance, friendly office environment

    Cons

    out of date IT system,

    Advice to Management

    Focus on and stick to core initiative .


  5. Helpful (1)

    "Employer of last resort"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Nice co-workers and good benefits.

    Cons

    HR does not respond / intervene to address abusive management. Certain Managers/Directors in Pasadena have constant turn-over as a result of their heavy handed management style. Some supervisors resort to shouting at their staff, raises and promotions are few and far between, a few managers are clearly inept, take excessive vacations and are not around during "crunch times". There are obvious inefficiencies and duplication of work just to keep some slower areas occupied with "busy work". CEO keeps the pressure to cut costs, meanwhile the company's stock is soaring and the corporation is exceeding analyts' expectations, the cost-cutting is dreadful, audits every year identify "dead weight" and staff cuts are always looming. Not a rosy place to be and not the highest caliber of people. But if you need a paycheck....go in with your eyes wide open.

    Advice to Management

    You're sending the wrong message to the front-line employees. Treat your employees as though they are your greatest asset and you will see a return on investment that will survive long-term.


  6. "Interesting place to work needs to focus on employees"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Positive Outlook
    Approves of CEO

    I have been working at CIT full-time

    Pros

    Ability to get involved in a diverse range of interesting projects.

    Cons

    Employee morale in current environment

    Advice to Management

    Don’t forget to take care of your employees


  7. "Senior Accountant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Livingston, NJ
    Current Employee - Anonymous Employee in Livingston, NJ
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at CIT full-time (More than 3 years)

    Pros

    Good people to work with.

    Cons

    No room for advancement. Too much politics.

    Advice to Management

    Pay deserving employees so they would
    stay.

  8. "You advance by who you know and who likes you, not by performance."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Resolution Specialist in Jacksonville, FL
    Former Employee - Resolution Specialist in Jacksonville, FL
    Negative Outlook
    Approves of CEO

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

    Pros

    CIT carries the majority of your health insurance costs, although the coverage is subpar. The 401k match is a plus. It was up to 4% while I was employed.

    Cons

    Management in the End of Lease department is extremely conniving. They will trash their employees in manager meetings. Management has a tendency to have their favorites and those are the only associates who get opportunities to work on projects or get promoted.

    Advice to Management

    Treat your associates equally and not promotes Foley on your personal relationships.


  9. "Seek Change.. Pay us more realistically!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at CIT full-time

    Pros

    The old Direct Capital culture peers through on occasion. The environment may be the only pro to this company.

    Cons

    Per Glass Door CIT under pays is well into 30% of a difference, in the negative. Annual bonuses are laughable and don't even meet cost of living. The company wants to learn how to retain their current employees but they refuse to see that the number one reason as to why they can't is because they don't pay their employees well and raises are far and insulting when they do happen. Certain departments base promotions solely out of popularity not who works the hardest.

    Advice to Management

    Guide your employees, show them that you appreciate them and stop giving recognition to the same few people in a cycle, you have other hard working employees on your team that get looked past because they don't want to get entangled in the gossip. Stick up for your teams when CIT is not willing to give the DCC employees the same salaries they give their employees. We work hard, very hard but if the company expects to retain hard working employees they should consider larger raises and more realistic base salaries if you plan on keeping them at the base for years on end with a few extra percentages added once a year.


  10. "director"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook

    I have been working at CIT full-time (More than 3 years)

    Pros

    stock prices have been rising

    Cons

    no room for advancement here


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