CIT Reviews | Glassdoor

CIT Reviews

Updated July 19, 2017
324 reviews

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2.9
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Ellen Alemany
37 Ratings

324 Employee Reviews

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Pros
Cons
  • No real management direction, no accountability from senior management (in 17 reviews)

  • no work-life balance, no backup for my job, no ability to take more than 1 day off at a time (in 8 reviews)

More Pros and Cons

  1. "Executive Administrative Asst."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Executive Administrative Assistant in Fort Lauderdale, FL
    Former Employee - Executive Administrative Assistant in Fort Lauderdale, FL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Aerospace Commercial Air group:
    Excellent Management team that empowered us to excel while growing our business, transparency, honesty and integrity. Enjoyed working with them for eleven years until business merger and re-organization.

    Cons

    Scheduling vacation time off was a bit difficult due to pressing business matters.

    Advice to Management

    Employees are your most valuable asset.


  2. Helpful (1)

    "Enjoyed my time"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Associate in Livingston, NJ
    Former Employee - Senior Associate in Livingston, NJ
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Its an opportunity to escape that New York City lifestyle for a more relaxed life in the suburbs

    Cons

    Must improve culture and employee moral. Company needs a burst of youth into its veins. Too many old guards with stuck in ways. Too much red tape

    Advice to Management

    Listen to your employees

  3. "Don't go there"

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

    I worked at CIT full-time (More than a year)

    Pros

    Co-workers are good hard working people..help you deal with the nonsense

    Cons

    Pretty much everything else. Cuts to 401k match, additional layoff coming. Poor raise and bonus. Middle management is poor. Don't treat people well. They tell you your doing a great job during the year. Then when it is raise and bonus time you can't do anything right so no raise/poor or no bonus. Then right after that you improved and are doing well again.. until review time. Don't go there career killer with lots of stress

    Advice to Management

    Listen to the employees and take their concerns seriously and treat them right.


  4. Helpful (3)

    "Beware. Downward spiral."

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

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

    Pros

    Some of the people.

    Cons

    So many. The company seems to be in a downward spiral, with good people leaving and an ineffective senior management team. New CEO is not impressive. Employees are not appreciated. Change is being instituted, but with no vision, no brand, new acquisitions that are not being well integrated and infighting between factions. Management being hired is not impressive and not working well together. CEO is wishy-washy and is not inspiring loyalty or respect. The good people who left realized this. It seems there are more people, even really long-time employees, voluntarily leaving every day.

    Advice to Management

    Frankly, I just don't see how you can recover at this point. But showing true caring for your employees would be a start.


  5. Helpful (2)

    "Director"

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

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

    Pros

    Really none to speak of other than some great co-workers.

    Cons

    Way too many. Most benefits, including 401(k) match, reduced each year, large layoffs of good people while incompetent management is left to run things into the ground, lack of basic office supplies, restrictions on travel and conference attendance, plus many many more.

    Advice to Management

    Just make the decision whether you want to sell the company or kill it!
    Everyone here knows these are your only options. You changed your cost cutting directive from $125M to $150M without a word and to meet this objective there are waves of layoffs planned.
    Things are spinning out of control and no one seems to care!


  6. Helpful (2)

    "Good, solid company to work for. Not very diverse and very flat. Little room for growth unless highly skilled."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Customer Service Representative in Chicago, IL
    Former Employee - Customer Service Representative in Chicago, IL
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Stable 100 year old company in railroad industry. Cyclical but resilient business of freight car leasing. Company respected in industry and has staying power due to younger age of fleet.

    Cons

    Lack of diversity and opportunity. Rail division is very flat and monochromatic. Not many women in management. Feelings of the good ole boys network at times.


  7. "Excellent Team"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Rail in Chicago, IL
    Current Employee - Rail in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    I've been with the company for a few months now. I knew as soon as I interviewed with Sr Management this was a positive environment to build a career. They offer professional flexibility to keep you engaged and strongly encourage learning and development. Management is available but allows independent productivity to encourage growth. All departments come together as strong contributors to their local community through volunteering and monthly charitable contributions. I feel they genuinely value the work of their people. They are flexible and allow work from home as needed. They definitely understand family and work to provide a good work/life balance. The benefits are comparable to similar companies. Management is very knowledgeable and keeps an open door policy. Staff is very friendly and Rail, as a whole, is a very interesting field to make a career in. Advancement opportunities: Unsure Pay: Fair PTO: Sick, Personal and Vacation

    Cons

    No cons so far.

  8. Helpful (5)

    "Headed in the wrong direction!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Human Resources in Jacksonville, FL
    Current Employee - Human Resources in Jacksonville, FL
    Doesn't Recommend
    Negative Outlook

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

    Pros

    Flexible schedule and great location

    Cons

    Company going through identity crisis. Entire leadership team has changed. Company doing continuous layoffs.


  9. Helpful (5)

    "It's a time of turmoil"

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

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

    Pros

    WiFi, convenient location, friendly campus, casual work attire, somewhat competitive benefit package, ability to work-from-home occasionally in some job positions.

    Cons

    Weak people managers with little or no experience in managing teams and no training on how to manage adult teams. Very outdated technology, absolute lack of career development and growth opportunities, anemic annual raises, micro-management style with extreme distrust of non-management employees

    Advice to Management

    Please do not become another Citigroup or Bank of America, where returning capital to the investors is all that matters, even at the cost of employees' well-being. If the employees become disenchanted and feel disrespected by leadership, CIT will become another mediocre, lack luster employer with high turnover and falling NPS scores.


  10. "Great colleagues, but culture is lacking"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President in New York, NY
    Current Employee - Assistant Vice President in New York, NY
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    -Work/life balance is good, but need to push for it
    -Compensation is competitive, motivated employees are compensated

    Cons

    -Culture is weak
    -Work ethic does not seem to be shared across group; much of the firm is 9-5 with little motivation

    Advice to Management

    -Instead of destroying culture further, get employees involved and engaged in being a part of a strategy
    -Develop a sense of camaraderie and want to succeed


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