CIT Reviews | Glassdoor

CIT Reviews

Updated May 18, 2017
181 reviews

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3.2
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Ellen Alemany
21 Ratings

181 Employee Reviews

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

  • While I was there, there was no commitment to work/life balance (in 7 reviews)

More Pros and Cons

  1. "Excellent Team"

    Star Star Star Star Star
    • 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.


  2. Helpful (4)

    "Headed in the wrong direction!"

    Star Star Star Star Star
    • 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.

  3. "Great colleagues, but culture is lacking"

    Star Star Star Star Star
    • 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


  4. Helpful (5)

    "It's a time of turmoil"

    Star Star Star Star Star
    • 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.


  5. "Vice President"

    Star Star Star Star Star
    • 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
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Great environment where you can grow

    Cons

    Market headwinds challenging the business and employees motivation

    Advice to Management

    Continue clearing up what the strategy is and start to show results.


  6. "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.


  7. "Decent Job"

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

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

    Pros

    Excellent Team leadership, great camaraderie

    Cons

    Company unclear on direction for company

    Advice to Management

    Focus on growth, have more confidence

  8. Helpful (2)

    "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.


  9. "Field Examiner"

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

    I have been working at CIT full-time

    Pros

    Not as stressful as other banks

    Cons

    The employee benefits have gotten worse over the years.

    Advice to Management

    Incentivize your employees


  10. "FDP Analysit"

    Star Star Star Star Star
    • 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
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at CIT full-time

    Pros

    best people to work with. I feel I can go to them for any help on work when needed. They always look to see you grow

    Cons

    benefits could be a little better. Besides from that there isn't much complaining about CIT.


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