CIT Reviews | Glassdoor

CIT Reviews

Updated July 22, 2017
325 reviews

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325 Employee Reviews

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Pros
Cons
  • No real management direction, no accountability from senior management (in 17 reviews)

  • no work-life balance, no backup for my job, no ability to take more than 1 day off at a time (in 8 reviews)

More Pros and Cons

  1. "Executive Administrative Asst."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Executive Administrative Assistant in Fort Lauderdale, FL
    Former Employee - Executive Administrative Assistant in Fort Lauderdale, FL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Aerospace Commercial Air group:
    Excellent Management team that empowered us to excel while growing our business, transparency, honesty and integrity. Enjoyed working with them for eleven years until business merger and re-organization.

    Cons

    Scheduling vacation time off was a bit difficult due to pressing business matters.

    Advice to Management

    Employees are your most valuable asset.


  2. "Great Place to Work"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    No opinion of CEO

    Pros

    Wish they were still open. Excellent place to work. Very supportive from upper to mid management.

    Cons

    too bad they closed
    technology was poor but they were making improvements

    Advice to Management

    no advice

  3. "joined in an acquisition and was given every opportunity by CIT management."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    No opinion of CEO

    Pros

    leader in the industry, excellent compensation and incentive, retired in 2009

    Cons

    prior management torpedoed the company, company has been crippled by regulators and losses


  4. "My experience at CIT has been satisfactory"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Approves of CEO

    Pros

    Good benefits and flexible scheduling

    Cons

    Communication from Senior mgmt could be better


  5. "Amazing"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Project Coordinator in Burlington, ON (Canada)
    Former Employee - Project Coordinator in Burlington, ON (Canada)
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    CIT is a great a place to work ... the management is really supportive for wanting to learn more, supportive of ideas to make things better and overall great place to be.

    Cons

    CIT deals with a lot of boring content, contracts, processing contract and the such, a lot of the roles in Burlington at least are very mundane, nothing too exciting. and the air in the building is so dry it feels like its sucking the life out of you.

    Advice to Management

    make it more interesting to work there


  6. "Too much GE blood in this small-business-minded, Fortune 500 company."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Customer Service Representative in Chicago, IL
    Current Employee - Customer Service Representative in Chicago, IL
    Approves of CEO

    Pros

    Majority of employees are friendly and easy to work with. Middle managment is talented and willing to work with lower employees. Plenty of projects and opportunities to get a wide variety of work experience. The company is large enough to offer good benefits package and fairly competitive compensation packages. Being of Fortune 500 size, it is a reputable company that can look really good on a resumee. Very corporate atmosphere, nice office space and comfortable amenities. Location of offices is usually very centrally located in major cities across the globe. Opportunities to expand globally are a possibility in the near future.

    Cons

    Small business sector (Rail) has limitied opportunities for advancement within the company. CIT is not very open regarding their compensation possibilities, everything regarding pay, bonuses, and raises is kept very quiet. Employee training programs are HORRIBLE. No way to advance your own knowledge within a position without looking for outside opportunities (which may or may not be reimbursed.) Knowledge and information systems seem very stagnant. Though new ideas are encouraged and received well, little encouragement and support in actually inputting those new ideas. Due to the nature of the [rail] industry, much of the technology is behind the times and not as efficient as it could be.

    Advice to Management

    Begin investing in employee development programs. This is key to employee retention. Also, place more importance on employee ratings systems. These are not taken seriously and there are employees who are very clearly not doing the work they are getting paid for. Start offering middle managment more support for fixing the problems.


  7. "CIT employees are the key to success for the company!"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Recommends
    Approves of CEO

    Pros

    CIT Group is a company that demonstrates respect and a high level of integrity. Although the financial services industry is struggling we appear to be making the right kind of decisions under the guidance of the CEO and senior management.

    Cons

    As with any other company, the management team sometimes forget that they most manage the people in addition the the work. Some lose site of the most important asset to the company, the people.

    Advice to Management

    Don't forget about the magnificient, skilled, and intelligent employees that are working hard each and every day to ensure the success of the company.

  8. "Great place"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Summer Analyst in New York, NY
    Former Employee - Summer Analyst in New York, NY
    Recommends
    Approves of CEO

    Pros

    The internship program at CIT Group is extremely good. Interns got the opportunity to meet the current CEO, John Thain. Mr Thain is a Wall Street icon and he give advice to all of the interns as to how to move their career forward. Additionally, interns attended workshops and seminars to help them develop personal and professionally. Furthermore, CIT has amazing clients such as Michael Kors, Toys R US, and Borders.

    Cons

    If you are not interested in middle market jobs then it may not be the place for you.

    Advice to Management

    It was extremely good, I appreciate the fact that they care about the development of their interns.


  9. "I am new but so far friendly, helpful and team oriented group. Poor technology is frustrating."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Livingston, NJ
    Current Employee - Vice President in Livingston, NJ
    Recommends
    Approves of CEO

    Pros

    Stay in the financial arena without going to NYC. Pay is high. Company is a manageable size. People are professional.

    Cons

    Technology is very old which makes people jump through hoops. People are less sophisticated than at larger companies. Limited resources.

    Advice to Management

    Invest in infrastructure and you will have the information you need to run your business.


  10. "Extremely knowledgeable senior management, help you learn the mechanics"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Corporate Finance Intern in Livingston, NJ
    Former Employee - Corporate Finance Intern in Livingston, NJ
    Recommends
    Approves of CEO

    Pros

    Nice people, eager to help you learn the various aspects of financial reporting (Sarbanes- Oxley), TIC Reports, etc. Brief you on the weekly asset sales and help you prepare for the professional world.

    Cons

    The company went bankrupt recently and is under heavy surveillance from the regulators, so the bonus and salaries are below the industry average.


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