CIT Reviews | Glassdoor

CIT Reviews

Updated February 18, 2017
295 reviews

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Full-time Part-time

3.0
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Ellen Alemany
25 Ratings

295 Employee Reviews

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Pros
Cons
  • No real management direction, no accountability from senior management (in 16 reviews)

  • No flexibility, work life balance barely exists in some departments (in 6 reviews)

More Pros and Cons

  1. "Working for CIT"

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

    I have been working at CIT full-time

    Pros

    CIT is flexible and laid back. Allows employees to have a voice and be heard

    Cons

    There could be a little more value placed on the employee


  2. Helpful (1)

    "A good place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Server Engineer in Tempe, AZ
    Current Employee - Server Engineer in Tempe, AZ
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Server Engineering team is well structured

    Cons

    High level management seem lost

    Advice to Management

    Get better with the company's direction...


  3. "Better planning needed."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Financial Analyst in Pasadena, CA
    Current Employee - Senior Financial Analyst in Pasadena, CA
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    The company offers good pay and very nice benefits.

    Cons

    Often long hours, mostly due to correcting errors under tight deadlines.


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  5. "IT Manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - IT Manager in Pasadena, CA
    Former Employee - IT Manager in Pasadena, CA
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at CIT full-time (More than 5 years)

    Pros

    Company provides good benefits to employees

    Cons

    At times, management needs to provide more support

    Advice to Management

    More focus on project priorities


  6. Helpful (2)

    "Commercial Investment Trust - more like commercial investment train wreck"

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

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

    Pros

    Generally the people are great! Hard working, dedicated, knowledgeable and friendly.

    Cons

    1.) Management has no sense of direction. This is evident in the ever changing line-up of puppets making up the executive committee.

    2.)The focus is on lining managements pockets. Executives come in, create chaos in the organization, constantly acquiring and terminating subsidiaries at the expense of the employees. In the end they take a huge bonus and paycheck and the employees get jack.

    3.) Constant focus on operating expenses for "most people". Salaries, bonuses, and recognition are far below that of peers and this is due to management trying to cut operating expenses. Instead of eliminating lucrative executive bonuses, the average employee has to suffer. Benefits packages change every year, 401k matches are dropped "to be more competitive" (wtf?) and raises are minimal if they are received at all.

    Advice to Management

    Focus on your people! They do the work for you to make the money and are shown no recognition! Stop hiring corporate fat cats who come in to rob the company and leave just a few years later putting the direction of the company in turmoil! Recognize the good people do not just what they do wrong! Hire/promote from within.


  7. "Senior Representative"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Jacksonville, FL
    Former Employee - Anonymous Employee in Jacksonville, FL
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    No weekends, descent pay I guess!

    Cons

    Lack of vision..Want new people, but NOT new ideas

    Advice to Management

    None as they think they KNOW IT ALL!!!


  8. Helpful (1)

    "Decent place to work. Ultimately, experience depends on manager"

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

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

    Pros

    Some very intelligent people. Employee stock purchase program. Used to have 6% 401k match. Decent amount of opportunities to move around and gain experience in different areas.

    Cons

    Compensation is less than competitors, health insurance plans get worse each year (FSA is very time consuming), and decreased 401k matching. Review process is very vague and not measurable

    Advice to Management

    Improve review process and include a review of managers by subordinates. Observed high turnover in some groups due to poor managers.


  9. Helpful (1)

    "I keep a resignation letter saved to my desktop."

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

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

    Pros

    Benefits are reasonable, and the work-life balance isn't terrible.

    Cons

    In most departments and positions, there is no room for growth; top talent was all poached from GATX and GE, so forget about moving up. There is no support for learning or development; not even on your own time nor on your own dime. New processes are implemented in a slipshod, poorly-thought-out, purely reactionary manner, and typically have to be revised immediately because of the easily foreseen and completely unacceptable consequences. Systems integral to our jobs are completely antiquated at best, and often almost completely non-functional. Chicago office is completely overlooked by corporate, and the procedures imposed from the top often fail to consider that you can't successfully run a leasing company as you do a bank. There is no in-house HR, which makes dealing with personnel issues a chore, with the hiring managers who regularly deal with HR having the upper hand in all situations; do not expect any support there. Despite a significant portion of the workforce for Rail operating out of satellite offices, there is zero support for working from home or flex time.


  10. "Internal audit"

    Star Star Star Star Star
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    I think the people are friendly in general. Good work life balance, the hours are pretty flexible. There are people who have been around for a long time.

    Cons

    Low salary, high turnover, the company has been cutting benefits in the last few years, reduced 401k contributions, bonuses, etc.

    Advice to Management

    Appreciate your employees. We work really hard for the company. I hope employees are recognized for their work.


  11. Helpful (1)

    "Great Place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst
    Current Employee - Analyst
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    I think experiences will vary based on your department like any company but I like the small employee appreciation events this company throws as well as the way the company tries to keep employees aware of happenings in the corporate officer level. This company offers great benefits including it's paid paternity leave policy.

    Cons

    You have to be proactive about growth but I think that's the case most places.

    Advice to Management

    Keep investing in your employees and we will keep working hard!



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