CIT Reviews | Glassdoor

CIT Reviews

Updated August 11, 2018
395 reviews

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3.1
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Ellen Alemany
83 Ratings

395 Employee Reviews

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  1. Helpful (1)

    "Associate"

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

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

    Pros

    Mid-size bank with lots of opportunities for growth into leadership positions. Great work-life balance compared to other finance positions in NYC.

    Cons

    Process and procedures can change rapidly. Company is very focused on its strategic plan which can slightly affect comp and benefits (although not much)


  2. "Unstable"

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

    I have been working at CIT full-time (More than 8 years)

    Pros

    They hire good people with great experience. The business units function well. Pay is good.

    Cons

    The management of the corporate functions has been a revolving door. That is because of the senior leadership. There is lack of direction and trust. The senior manager does not trust her people to do their jobs and that creates a trickle down effect. Lower level managers suffer because of distrust and incompetence at the top.

  3. "CIT review"

    StarStarStarStarStar
    • 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 part-time

    Pros

    Good pay, good work life balance

    Cons

    A lot of turn-around. Old systems.


  4. "Specialist IV"

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

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

    Pros

    Really enjoyed working for my immediate supervisor.

    Cons

    Unsecure job, constantly worried about the company being sold.

    Advice to Management

    Work environment was almost unbearable, monotonous, boring cubical environment.


  5. Helpful (5)

    "Pros/Cons"

    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
    No opinion of CEO

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

    Pros

    Colleagues are good people - makes it a positive experience to come to work each day Compensation is good for NJ

    Cons

    poor senior leadership - excessive spending (two corp. jets, enriched separation packages, loading of SVP level from prior employers . . the usual) at the higher levels while constantly focused on cost cutting at lower levels has led to poor morale. Relatively small company; minimal opportunity to move up and no thoughtful succession planning.


  6. "No IT in CIT"

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

    I have been working at CIT full-time (More than 8 years)

    Pros

    New-ish office building is convenient and attractive.

    Cons

    The robust technology infrastructure and discipline was abandoned after Indymac collapsed. There is no modern data management, data governance discipline. The supervisory and management level staff who remain from the Indymac days have been promoted well past their experience and ability as there was no motivation or ability to hire external candidates into a semi-dormant organization that exists to provide CIT wholesale with cheaper cost of funds from depository base. The lack of interdepartmental respect is a common theme discussed in HR feedback sessions. It's as if the legacy staff is still shell-shocked from the Indymac collapse and is paralyzed or just doesn't care about working with anyone outside their silo. There is no accountability to organizational efficiency or process improvement which would rely on some IT sophistication that does not exist. Each functional area has reverted back to very manual activities that technology has long since obviated. With little brand recognition and market presence, they originate a few loans and buy they other 2/3rds. Except as a cheap source of deposit funds, I wonder why we exist and retail customers don't just go over to any credit union which will have a broader product spectrum.

    Advice to Management

    Buy another bank and fold this dysfunctional Onewest Bank entity into the new one.


  7. Helpful (3)

    "Great short term"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in Pasadena, CA
    Current Employee - Associate in Pasadena, CA
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Plenty of flexibility in regards to working from home, though it can vary a lot between departments. Benefits and 401K are pretty standard and salaries are competitive.

    Cons

    Promotions have less to do with merit and too much to do with how many titles there are between you and your manager.

    Advice to Management

    Invest more in your employees' long term development.

  8. "VP"

    StarStarStarStarStar
    • 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 (More than 10 years)

    Pros

    Stability and opportunities + security

    Cons

    cost reduction initiatives is impacting talent


  9. "CF to Bank"

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

    I worked at CIT full-time

    Pros

    Great Team leader on the CF side

    Cons

    OCC didn't like the held paper


  10. Helpful (1)

    "Good Company"

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

    Pros

    CEO is doing a great job and transitioning the company to a better place. Management is also well experienced. The hours are pretty good as well.

    Cons

    They don’t pay like traditional banks and could offer better annual salary increases. I expect this to change once the bank transitions more.

    Advice to Management

    Pay more.


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