CIT Reviews | Glassdoor

CIT Reviews

Updated December 4, 2017
352 reviews

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352 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 (6)

    "Poor Corporate Culture"

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

    Pros

    There are none! The firm is a horrible place to work!

    Cons

    1) Managemrnt is out of touch with reality
    2) There is more politics at the firm then the US government
    3) The accounting and finance systems and procedures are archaic
    4) The technology group is understaffed and overwhelmed

    Advice to Management

    Spend more money on fixing what is broken in the company than buying a BANK


  2. Helpful (1)

    "Accountant"

    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
    Disapproves of CEO

    Pros

    the company has great benefits.

    Cons

    managers don't know how to manage.

    Advice to Management

    ensure managers have skills to manage employees.

  3. Helpful (8)

    "They Changed it ever 5 minutes...who knows"

    StarStarStarStarStar
    • Culture & Values
    • Career Opportunities
    • 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 (More than 8 years)

    Pros

    Some really great peers that they are destroying.

    Cons

    Disgusting environment. Talentless management. Unprofessional underhanded. always a hidden agenda. They couldn't care less about their employees Instead of creating a program to promote from within, they hire deceitful people from the outside that claim they have management experience, when in fact they lie to get and could barely manage a check book. Then these people treat seasoned employees like dirt. The people they keep around are the millennial puppets and those they can manipulate the most. If you value your sanity get a job anywhere else but CIT. The worst culture I have ever worked in. If you want to be made like you have no self worth. This is the place for you.

    Advice to Management

    Have some heart. Treat people with respect and dignity. You are all heartless and demonic. Take a lesson from real management like those on undercover boss.


  4. Helpful (4)

    "AVP"

    StarStarStarStarStar
    Former Employee - AVP-Analyst in Livingston, NJ
    Former Employee - AVP-Analyst in Livingston, NJ

    Pros

    Not much to speak of currently - the company is changing direction under the new CEO and things are completely haphazard and chaotic

    Cons

    They let people go randomly and then call them to help out for free - ridiculous


  5. Helpful (5)

    "VP commercial Services"

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

    Pros

    The Commercial Service personnel in NY is professional, dedicated, and highly experienced. Everyone works together as part of a team

    Cons

    The Company has greatly changed iver the years. Management no longer cares about its employees. High benefit costs. Year end incentive payouts certainly did not guve employees any incentive to continue to perform.

    Morale is extremely low to nonexistent

    Communication from Senior Management is poor

    Advice to Management

    The Legacy CIT employees should be treated more fairly. These are the same employees that stuck it out during the bankruptcy and following rebuilding of the Company.


  6. Helpful (3)

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

    StarStarStarStarStar
    • 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.


  7. Helpful (9)

    "Might be OK for you"

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

    I worked at CIT full-time

    Pros

    good benefits. room for growth. higher management is easily accessible.

    The freedom to show your value is there, as long as you are a go-getter.

    Good luck to you

    Cons

    Success is driven by who you know, not what you do.
    Layoffs are constant.
    Pay is not on par with rest of industry
    With the constant layoffs there is constant churn at every level. Senior management re-orgs are the most problematic.

  8. Helpful (6)

    "90's flashback"

    StarStarStarStarStar
    • 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

    location was close to the mall, the cafeteria food was fresh and pretty good. computers were outdated.

    Cons

    Interior looked liked it was from the 90's, dingy, bland and prison-like. Cubicles and offices were outdated. Not enough bathrooms or water resources to accommodate everyone.

    Advice to Management

    better benefits and more flexible work options.


  9. Helpful (4)

    "Director"

    StarStarStarStarStar
    • 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.


  10. Helpful (7)

    "Run as fast as you can"

    StarStarStarStarStar
    • 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.


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