CIT Reviews | Glassdoor

CIT Reviews

Updated May 18, 2017
313 reviews

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313 Employee Reviews

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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. 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


  2. 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.


  3. 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.


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  5. "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.


  6. 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.


  7. 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


  8. Helpful (1)

    "Senior operations specialist"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Operations Specialist in Charlotte, NC
    Current Employee - Senior Operations Specialist in Charlotte, NC
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Long time employee. Good benefits. New management is impressive

    Cons

    Compensation isn't great. Staff reductions = more work that doesn't equate to bonus or raise

    Advice to Management

    Pay more attention to the people/areas that keep your organization running -literally.


  9. Helpful (7)

    "Run as fast as you can"

    Star Star Star Star Star
    • 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.


  10. Helpful (4)

    "Director"

    Star Star Star Star Star
    • 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.


  11. Helpful (3)

    "Lots of change...pretty much a perpetual state of change."

    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
    Positive Outlook
    Approves of CEO

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

    Pros

    Good people. Good opportunity for motivated types. Things are getting better wth new CEO.

    Cons

    Continuous strategy changes. Continuous stamps of layoffs. The workforce has gotten lean over the years, but the amount and speed of work have steadily grown.

    Advice to Management

    Communicate more often and with more info. Default to pen - trust your employees and share the good and the bad messages. Get rid of some management layers and replace with lower cost worker bees.


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