CIT Reviews | Glassdoor

CIT Reviews

Updated May 23, 2017
314 reviews

Filter

Filter

Full-time Part-time

314 Employee Reviews

Sort: Popular Rating Date

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. "Was a good place to work for may years but last 12 month were very difficult due to wind down of operations"

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

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

    Pros

    Due to wind down there are currently no pros.

    Cons

    Company n wind down, therefore no opportunities.


  2. Helpful (2)

    "Poor environment where people are not valued, only the perception on the street is valued"

    Star Star Star Star Star
    • 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
    Disapproves of CEO

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

    Pros

    Pay - they overpay their new employees

    Cons

    -management would rather see employees leave then reward existing employees
    -no career path
    -constantly starting new projects without managing capacity
    -only focusing on the present, no long-term view and no leadership skills on the management team

    Advice to Management

    Abandon the acquisition strategy and focus on people and processes. Without fixing the core problems, CIT will always be a mediocre company at best.


  3. Helpful (5)

    "Horrible Company"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Really can't think of any other than the benefits. Nothing good to say about this company.

    Cons

    This company has been under a constant restructure since I started working there in 2008. Management keeps putting employees in new positions without giving them a choice in the move. They can't get any process to work so they keep switching gears while putting the employees thru hell. The pay is lower than other companies. Corporate politics and culture is highly toxic. Management fuels a hostile work environment.

    Advice to Management

    Close the doors go out of business since that is where you are heading.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (3)

    "The overall company is well grounded and there is room for advancement"

    Star Star Star Star Star
    • 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

    Pros

    opportunity to advance with the amount of positions

    Cons

    inability to advance due to unethical work habits such as favoritism.

    Advice to Management

    clean sweep management department along with HR department. Mild change would be ideal in moving forward.


  6. Helpful (3)

    "What knowledge, what work?"

    Star Star Star Star Star
    • 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

    Pros

    Great place to work for those who don't have career ambitions and would like to be paid, have benefits, and flexibility.

    Cons

    -No growth
    -Little commitment to employee training
    -Unfulfilling, dull work
    -Unmotivated workers who are unknowledgeable and don't care to gain more knowledge
    -Great reluctance to do anything outside of one's job description
    -If you're a young professional, steer clear of this place
    -Atrocious culture
    -Hideous office space in Livingston


  7. Helpful (1)

    "Toxic culture"

    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

    I worked at CIT full-time

    Pros

    Great pay
    Good co-workers
    Good NJ location (although poor facility)

    Cons

    Compliance driven culture
    Insensitive leadership
    Poor internal communications


  8. Helpful (4)

    "Don't waste your time"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Pay and that is about it

    Cons

    Place is run like a death camp. If you like to work until all hous of the night, CIT is your place.


  9. Helpful (2)

    "Team Lead"

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

    I worked at CIT full-time (More than 8 years)

    Pros

    At the baseline employee level there are great co-workers willing to help each other and work together. They all support each other and stick together.

    Cons

    Management is the worst. There is a major communication breakdown between the base employee and upper management. Too much politics and FDIC requirements to "...stay in compliance." This does not allow the employees to remain focused on their jobs, they spend way too much time having to document for the "management" and protect themselves to retain their positions.

    Advice to Management

    Upper management, not middle, needs to listen to their lower level employees. Unbiased outside consultants should be brought in to shadow the lower level ranks for a month in key depts, i.e. Cust Ser, Collections, Premier, Fin. Adj., etc., as well as management. The "consultant" can then freely ask questions and interact with the employees to get a real feel for the "dissension among the ranks" in regards to how the Team Lead and Director positions are "micro-managing".


  10. Helpful (4)

    "Company with no direction"

    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
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Great people to work with.

    Cons

    Company changes strategic focus regularly, constant change of senior management. Very little concern for the stability of the employees.


  11. Helpful (1)

    "Executive Receptionist"

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

    I worked at CIT (Less than a year)

    Pros

    Great bunch of people to work with (CEO John Thain is a great personable individual) good schedule, great location in NY

    Cons

    Low pay since CIT outsources most jobs, poor benefits, poor management for the consultants even hostile at times, management is very unprofessional at best, lack of proper HR support, the location in NY is a lawsuit waiting to happen.

    Advice to Management

    Treat your employees with dignity and respect, the facilities group have been known to have blatant disregard for the outsourced positions and this needs to change in 2016. Pay the employees market value of what they're worth, do not discriminate against employees.


Showing 314 of 348 reviews
Reset Filters