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. Helpful (3)

    "Company downsizing - beware"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Vice President in Jacksonville, FL
    Former Employee - Assistant Vice President in Jacksonville, FL
    Doesn't Recommend
    Negative Outlook

    I worked at CIT full-time (More than 3 years)

    Pros

    Good work life balance, flexible

    Cons

    Company downsizing, too many changes at top level, not stable


  2. Helpful (3)

    "Director"

    StarStarStarStarStar
    • 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 (Less than a year)

    Pros

    Really none to speak of other than some great co-workers.

    Cons

    Way too many. Most benefits, including 401(k) match, reduced each year, large layoffs of good people while incompetent management is left to run things into the ground, lack of basic office supplies, restrictions on travel and conference attendance, plus many many more.

    Advice to Management

    Just make the decision whether you want to sell the company or kill it!
    Everyone here knows these are your only options. You changed your cost cutting directive from $125M to $150M without a word and to meet this objective there are waves of layoffs planned.
    Things are spinning out of control and no one seems to care!

  3. Helpful (3)

    "Beware. Downward spiral."

    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

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

    Pros

    Some of the people.

    Cons

    So many. The company seems to be in a downward spiral, with good people leaving and an ineffective senior management team. New CEO is not impressive. Employees are not appreciated. Change is being instituted, but with no vision, no brand, new acquisitions that are not being well integrated and infighting between factions. Management being hired is not impressive and not working well together. CEO is wishy-washy and is not inspiring loyalty or respect. The good people who left realized this. It seems there are more people, even really long-time employees, voluntarily leaving every day.

    Advice to Management

    Frankly, I just don't see how you can recover at this point. But showing true caring for your employees would be a start.


  4. Helpful (1)

    "Don't go there"

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

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

    Pros

    Co-workers are good hard working people..help you deal with the nonsense

    Cons

    Pretty much everything else. Cuts to 401k match, additional layoff coming. Poor raise and bonus. Middle management is poor. Don't treat people well. They tell you your doing a great job during the year. Then when it is raise and bonus time you can't do anything right so no raise/poor or no bonus. Then right after that you improved and are doing well again.. until review time. Don't go there career killer with lots of stress

    Advice to Management

    Listen to the employees and take their concerns seriously and treat them right.


  5. "Once a great company, now struggling to redefine itself"

    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

    I worked at CIT full-time

    Pros

    Overall decent benefits; great opportunity for new graduates to "get the feet wet".

    Cons

    Not a long-term environment; continuous layoffs aimed at reducing expenses. Limited mentors.


  6. "Horrible leadership by management"

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

    I have been working at CIT full-time (More than 5 years)

    Pros

    Decent benefits. Pay is okay.

    Cons

    Management is very disorganized and change the rules of the game every few weeks.

    Advice to Management

    Get your act together already. You need organized training for the employees.


  7. "Bad employer (Mexico's office)"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Without much workload
    Respect the work schedule
    Activities for employees

    Cons

    Very bad management
    No training for employees
    Directors with little experience and poor training

  8. Helpful (1)

    "coordinator"

    StarStarStarStarStar
    • Work/Life Balance
    • 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

    Pros

    Large multinational company. Opportunities for relocation

    Cons

    Low morale, no employee engagement

    Advice to Management

    employee engagement is lacking


  9. "Canadian division has lost direction"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Some nice people. Top management need to make the tough decision and eliminate some senior positions.

    Cons

    Terrible management. Very old school ideas and a lot of politics. Not sure who runs the Canadian operations. Most people can't wait to get a package.

    Advice to Management

    Hopefully CIT will get purchased and eliminate all the tired old management.


  10. Helpful (1)

    "Going Down the Tubes"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Managing Director in New York, NY
    Current Employee - Managing Director in New York, NY
    Doesn't Recommend
    Disapproves of CEO

    Pros

    They bribed me to join the company. It is currently in turnaround mode. There is not that much pressure as so many people in the company are not currently performing.

    Cons

    Company is currently in distress. Without access to the unsecured credit markets, it is tough to originate new loans. The company is too large for its present level of business activity and it needs to be severely downsized. Thus, working there is a constant uphill battle if you are actually trying to deliver results. There is a general malaise among employees.

    Advice to Management

    Sell the company soon to someone that has cheaper access to funds.


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