CIT Reviews | Glassdoor

CIT Reviews

Updated August 2, 2017
63 reviews

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2.0
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Ellen Alemany
4 Ratings

63 Employee Reviews

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Pros
  • Great company - executive management excellent - great work life balance (in 43 reviews)

  • Company provides good benefits to employees (in 33 reviews)

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

  • Work/Life balance depends on department but is mostly non-existent (in 9 reviews)

More Pros and Cons

  1. Helpful (1)

    "Awful place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    No opinion of CEO

    I worked at CIT (More than 5 years)

    Pros

    Great pay and bonus money

    Cons

    Awful leadership disregard for employees


  2. Helpful (1)

    "Dysfunctional management"

    StarStarStarStarStar
    • 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
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

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

    Pros

    On Site cafeteria and not a very stressful environment

    Cons

    company is looking to sell itself or something because you can see the dysfunctional management, most directors don't leave their cabins or offices and teams work in silos, there is no team spirit or team building effort, corruption exists in their data operations and directors favoring certain resource providers over others for personal gain, perhaps

  3. Helpful (3)

    "Constant restructure"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook

    I worked at CIT full-time

    Pros

    Hours, benefits, type of work was interesting

    Cons

    Negativity was too much. Not a good environment to thrive in for a career.


  4. Helpful (3)

    "Relationship Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at CIT full-time

    Pros

    Close to home
    Generous tuition reimbursement options

    Cons

    No room for advancement
    Poor management

    Advice to Management

    Develop your people!


  5. Helpful (3)

    "Senior Vice President"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at CIT full-time

    Pros

    Good benefits, People know their industry segments well

    Cons

    Management has no direction and HR is terrible

    Advice to Management

    Be transparent and honest


  6. Helpful (7)

    "Great Vision, Poor Direction"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Analyst in Livingston, NJ
    Former Employee - Business Analyst in Livingston, NJ
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Great benefits! If you work with a good team you can almost ignore everything else that is wrong.

    Cons

    Workload, moral, typical management with no concern for employee satisfaction, IT infrastructure is weak and outdated, high turn over in the last two years (2015-2016), and poor HR management. Management tries to do more than they can handle and end up failing.

    Advice to Management

    Focus on employee satisfaction and creating a work\life balance and people might actually enjoy coming to work.


  7. Helpful (4)

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

    StarStarStarStarStar
    • 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.

  8. Helpful (3)

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

    StarStarStarStarStar
    • 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. Helpful (5)

    "Congrats - surpassed previous levels of incompetence"

    StarStarStarStarStar
    • 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 (More than 3 years)

    Pros

    Hmmmm... paycheck hasn't bounced ...yet?

    Cons

    Complete lack of leadership. The old group of lackies were thrown out with golden parachutes and replaced by a new, more arrogant, less engaging, tighter knit group of lackies.

    Lack of vision, lack of communication, and the inability to lead. CIO took 6+ months to release org chart

    I don't quite understand why there are any executives...they need to pay consulting companies millions for all decisions

    Advice to Management

    Get off your high horse and engage your teams...not just a one time town hall, but every day. Seriously, most of you were out on the street before coming here


  10. Helpful (4)

    "VP"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Pasadena, CA
    Current Employee - Vice President in Pasadena, CA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at CIT full-time (More than 10 years)

    Pros

    Nice people to work with

    Cons

    Long hours
    no work life balance
    Constantly changes of the LOB

    Advice to Management

    Appreciate your employees. They are human and not a robot.


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