CIT Reviews | Glassdoor

CIT Reviews

Updated December 12, 2017
113 reviews

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113 Employee Reviews

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Pros
  • Great company - executive management excellent - great work life balance (in 47 reviews)

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

Cons
  • no work-life balance, no backup for my job, no ability to take more than 1 day off at a time (in 10 reviews)

  • Senior management hoards information and changes direction constantly (in 18 reviews)

More Pros and Cons

  1. Helpful (2)

    "Good, solid company to work for. Not very diverse and very flat. Little room for growth unless highly skilled."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Customer Service Representative in Chicago, IL
    Former Employee - Customer Service Representative in Chicago, IL
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at CIT full-time (More than 10 years)

    Pros

    Stable 100 year old company in railroad industry. Cyclical but resilient business of freight car leasing. Company respected in industry and has staying power due to younger age of fleet.

    Cons

    Lack of diversity and opportunity. Rail division is very flat and monochromatic. Not many women in management. Feelings of the good ole boys network at times.


  2. Helpful (9)

    "It's a time of turmoil"

    StarStarStarStarStar
    • 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 Very outdated technology, absolute lack of career development and growth opportunities, anemic annual raises, micro-management style with extreme distrust of non-management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.

  3. Helpful (3)

    "It Was Okay..."

    StarStarStarStarStar
    • 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
    Doesn't Recommend

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

    Pros

    If wanted to, could go far in company.

    Cons

    Customer Service was horrible! The interview was a lie. They made it seem like you would answer and few calls and emails. No, there were days where you would get 60 plus calls a day by yourself. There were to many hands in the pot. Every other day, a supervisor or manager had a new rule and it made work hard. The manager would act as if she cared, but would not take calls if needed and picked her favorites.


  4. "Decent Job"

    StarStarStarStarStar
    • 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


  5. Helpful (2)

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

    StarStarStarStarStar
    • 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.


  6. "Internal audit"

    StarStarStarStarStar
    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.


  7. Helpful (4)

    "A good experence"

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

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

    Pros

    Great people I worked with. The people in Facilities were amazing. I was happy to make a positive contribution in a company that I was proud to work for.

    Cons

    Bottom line is profits! I wanted to help the employees be more productive with cost saving products and simple items to save time and money.

    Advice to Management

    Please look at your employees as an asset and help with retaining that talent. Many people worked really hard to make a positive experience at the company

  8. "Lots of change"

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

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

    Pros

    Good pay and benefits. Great life/work balance.

    Cons

    The lack of structure can be frustrating.

    Advice to Management

    Keep implementing structure and accountability.


  9. "Credit Analyst"

    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
    Approves of CEO

    I worked at CIT (More than 8 years)

    Pros

    Hard working co-workers who are dedicated to their clients.

    Cons

    Dysfunctional interaction amongst some leaders; lack of opportunity


  10. "Senior Accountant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Work/Life Balance, Cafeteria, Location, Pay

    Cons

    Month-End schedule, Management, Communication, Growth

    Advice to Management

    None


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