CIT Reviews | Glassdoor

CIT Reviews

Updated February 25, 2017
295 reviews

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295 Employee Reviews

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Pros
Cons
  • No real management direction, no accountability from senior management (in 16 reviews)

  • No flexibility, work life balance barely exists in some departments (in 6 reviews)

More Pros and Cons

  1. "Real Estate Finance"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Real Estate Finance in Los Angeles, CA
    Former Employee - Real Estate Finance in Los Angeles, CA
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Really great deal exposure to across multiple types of real estate.
    Friendly people.
    Great hours.
    Laid-back work environment.

    Cons

    Not really much to say. Overall was awesome. Perhaps the lack of other fellow interns.


  2. Helpful (2)

    "Its a "neutral" place to work. I wouldn't recommend it."

    Star Star Star Star Star
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    I'm a central jersey resident so its a convenient commute

    Cons

    Tasks and projects tend to be a bit reactive versus proactive. Nepotism goes a long way here.


  3. Helpful (1)

    "Clear Goals, Muddled Execution"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Neutral Outlook
    Approves of CEO

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

    Pros

    Pay for some positions above industry average. New CEO is trying to be more transparent.

    Cons

    Many managers seem to be having a hard time adapting to change. Want to do things the old way.

    Advice to Management

    Keep the transparency efforts going.


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  5. 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


  6. Helpful (4)

    "Specialist IV"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Negative Outlook
    No opinion of CEO

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

    Pros

    Good co-workers, decent benefits. Easy job. They have a food truck that comes on site daily which is pretty cool.

    Cons

    Terrible management, no staff appreciation, the company's idea of employee appreciation is having you bring a side dish for a pot luck. It's like a dark cloud that sucks you in.

    Advice to Management

    Ask the employees about recommendations, they work the files everyday not you! And it would not kill you to say thank you!


  7. Helpful (4)

    "Could be better"

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

    I have been working at CIT full-time

    Pros

    Pay is reasonable. You can have a life outside of work.

    Cons

    Does not care about engaging and empowering employees. Very low morale in the company.

    Advice to Management

    Pay attention to your employees and be more flexible.


  8. 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.


  9. "Company Overview"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst III in Santa Monica, CA
    Former Employee - Analyst III in Santa Monica, CA
    Recommends
    Positive Outlook

    Pros

    Great benefits, atmosphere, and mobility. Love the bonuses too.

    Cons

    No real cons to post.


  10. 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.


  11. Helpful (1)

    "OK place with good work life balance"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Vice President in New York, NY
    Current Employee - Assistant Vice President in New York, NY
    Positive Outlook

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

    Pros

    work life balance and people

    Cons

    pay, internal processes, and internal computer systems

    Advice to Management

    Need better internal IT systems



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