CIT Reviews | Glassdoor

CIT Reviews

Updated May 15, 2017
51 reviews

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1.0
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Ellen Alemany
7 Ratings

51 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. Helpful (2)

    "Company downsizing - beware"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Vice President in Jacksonville, FL
    Former Employee - Assistant Vice President in Jacksonville, FL
    Doesn't Recommend
    Negative Outlook

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

    Pros

    Good work life balance, flexible

    Cons

    Company downsizing, too many changes at top level, not stable


  2. Helpful (1)

    "My review"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Project Manager in Newark, NJ
    Former Contractor - Project Manager in Newark, NJ
    Doesn't Recommend
    Negative Outlook

    I worked at CIT as a contractor (More than a year)

    Pros

    I guess in the beginning you still think that it was a good opportunity

    Cons

    Very disorganized and a lot of politics.


  3. Helpful (1)

    "CIT Management, Culture and how they treat people"

    Star Star Star Star Star
    • 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
    No opinion of CEO

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

    Pros

    Co-workers were nice, good location

    Cons

    Poor management....While Sr. Management say they care about the EE's, line managment really doesn't unless you can do something for them. Medical is not good. Revolving chairs in the C-Suite lots of people coming and going. Looks like getting the co ready to be sold off. I would not recommend working there a any age or level in this climate. BTW Heard lots of people got downsized recently.

    Advice to Management

    Truly care about people. Eiminate middle managment thatb does not care. HR Listn to complaints abou middle managment and do something about those who should not manage people and have poor management skills.


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  5. Helpful (3)

    "vice president"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in New York, NY
    Former Employee - Vice President in New York, NY
    Doesn't Recommend
    Negative Outlook

    I worked at CIT (More than 3 years)

    Pros

    There were none, dysfunctional senior mgt team, constant changing priorities and mission, no focus since acquisition with one west bank

    Cons

    Constant change of management, focus, objectives, acquisition nightmare


  6. Helpful (3)

    "Workplace has degraded"

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

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

    Pros

    CIT has some really good people, although the really good ones are heading for the door as fast as they can

    Cons

    Management has unreasonable expectations
    The last CIO wasted a lot of of funding on boondoggle projects and bringing in high-priced cronies
    It used to be a better place to work
    It appears they are getting ready to put the entire firm up for sale, selling off tangent businesses
    For the most part, IT and the business are dysfunctional, drowning in red-tape, over-cautious risk staff, and antiquated paper-based processes
    CIT struggled moving from a SOX company to a Bank Holding company
    They will surely drown under the regulation of being a SIFI

    Advice to Management

    It might be too late


  7. Helpful (6)

    "Horrible, unprofessional establishment"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Relationship Associate in Palm Desert, CA
    Former Employee - Relationship Associate in Palm Desert, CA
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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

    Pros

    Benefits , hourly Wage , there isn't many pros to working at CIT/one West Bank . I would not recommend this company to anyone.

    Cons

    Management , techniques , the antiquity of their systems , HR . I would not recommend this establishment to anyone.


  8. Helpful (9)

    "Don't take a job here unless you have no other options"

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

    I worked at CIT (More than 3 years)

    Pros

    None that I am aware of

    Cons

    While CIT has not been a good place to work for quite some time, this year senior management seems to have a goal of making life as difficult as possible for employees, especially any brave enough to question the corrosive status quo. Failing senior leaders exited last fall with golden parachutes worth millions while employee benefits were cut. Current leadership seems to want as many people as possible to leave on their own so they won't have to pay severance. The brain drain began earlier this year and continues. This company with a 100-plus year history is in shambles.

    Advice to Management

    Stop mistreating your employees; you need to keep your talented and experienced employees from leaving if you have any hope of turning this ship away from the iceberg.


  9. Helpful (7)

    "Run as fast as you can"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    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 (More than 3 years)

    Pros

    Still looking for one... Yet to be found.

    Cons

    Completely dehumanizing place to work. Management sends condescending emails to the entire firm about performance. Blanket statements like banishing work from home. The latest is that they threw away all the plants in the office, including employee's personal plants. They have no respect for you as a person with a life outside of work. If you're out when they need something and you turn around and come back, that is still not good enough they threaten to fire anyone who is not immediately responsive regardless of where you are or what you're doing to their calls. Management also loves a good rumor and if you show any weakness they pounce. Total Lord of the Flies type of crap. I have worked in a handful of companies in my 15 years and this is by far the absolute worst place I have worked by miles.

    Advice to Management

    Ask your mommy what the golden rule is because you've seem to have forgotten.


  10. Helpful (4)

    "Director"

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

    I worked at CIT (More than a year)

    Pros

    Solid compensation and benefits opportunities

    Cons

    Too much executive churn and no clear strategic direction articulated.

    Advice to Management

    Communicate a clearly articulated strategic plan and share it with the whole firm and then have each group create goals around those initiatives and reward teams based on attainment of goals.


  11. Helpful (3)

    "Please Read and Look at the Managment you have in CHARGE"

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

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

    Pros

    Flexible schedule if you have the right manager. 401K plan is good. Nice people to work with. Overtime is allowed with the right manager.

    Cons

    No room for career growth. Employees across the board who quit or are terminated are not being replaced, so your work load increases with no extra incentive. Employee appreciation is not there. Management is not uniform with policy's.

    Advice to Management

    Listen to theses reviews and talk with your employees at your locations. This many people are not just making stuff up.


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