Citi Reviews in New York City, NY | Glassdoor

Citi New York City Reviews

Updated March 22, 2017
1,490 reviews

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New York City, NY Area

3.4
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Citi Chief Executive Officer, Citigroup Michael Corbat
Michael Corbat
456 Ratings

1,490 Employee Reviews

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  1. Helpful (2)

    "Citi Review"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    Current Employee - Vice President - Technology in New York, NY
    Current Employee - Vice President - Technology in New York, NY
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Citi full-time (More than 10 years)

    Pros

    - Full-time Work from Home.
    - Boss who means it when he says "I don't care where you work from as long as you get the job done."
    - Company 401k match is dollar for dollar up to 6% of your salary.

    Cons

    - 50% of employees have been here less than 5 years.
    - After promotion to VP 10 years ago, no rasies come with "lateral" moves at VP level. The only way to get more money is to get promoted to SVP or leave and come back.
    Mgmt has no qualms about bringing in people with less experience and paying them significanly more than people already doing that role.
    - Pension plan was dropped in 2009. Former colleague stated that "One year at Prudential and my pension was more than 10 years at Citi."
    - No matter what you do your raise and bonus are tied to the old collegial review. No matter what you've done if someone else does a better job of presenting his / her employees cases, then you lose. It's one of those places where if they don't like you and you mange to walk on water the response will be "Yea, but you can't swim!"
    - Stuck at bottom of VP scale, only stair-step raises, even after receiving exceptional ratings.

    Advice to Management

    Stop looking at your internal employees the way George Steinbrenner looked at his own free agents. Pay you current employees on par with what you're willing to bring in outsiders. Provide pay increases for lateral moves.


  2. Helpful (1)

    "Sr Project Manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - IT Project Manager in New York, NY
    Current Employee - IT Project Manager in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Citi full-time (More than 8 years)

    Pros

    Nice team and part of very big team. Leadership is good at Sr. management level. Good brand name. Variety of technology to work with.

    Cons

    Team is distributed across many places including various offshore places. Communication is difficult but team is good, so one can pull thru.

    Advice to Management

    Keep up the good work and I am proud of being working in Citi. There are lot of technology solutions are implemented in Silo in various regions and should be integrated for cost optimization and to leverage across the region to improve both top line and bottom line growth.


  3. Helpful (1)

    "Get out what you put in"

    Star Star Star Star Star
    • 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
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Citi full-time (Less than a year)

    Pros

    Huge growth opportunities if you're entrepreneurial. If you are interested in taking on challenges they will be provided in full. Respectful of time and effort as well.

    Cons

    Big ships take a long time to turn. Citi is moving in the right direction though.

    Advice to Management

    Update your Glassdoor information. A lot of it is out of date.


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  5. "Banking - Front Office"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director in New York, NY
    Former Employee - Director in New York, NY
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Overall good teamwork environment, fairly diverse workplace at the junior to mid-level, training at various levels and lots of resources

    Cons

    politics, workload can be unexpectedly heavy at times, seniors can be quite protective of their client accounts which may hurt career/professional growth for mid-level employees, a lot of training involved with high junior turnover rate

    Advice to Management

    Allow for more work/life balance


  6. "Excelent"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Human Resources Assistant in New York, NY
    Current Employee - Human Resources Assistant in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Citi full-time (Less than a year)

    Pros

    strong clear progression in a company that appreciates forward thinking.

    Cons

    not a lot of office perks.


  7. "Change Change Change"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Home Lending Officer in Brooklyn, NY
    Current Employee - Home Lending Officer in Brooklyn, NY
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Brand Name and Recognition
    Overall Culture

    Cons

    Constant Change
    Upper Management does not seem to understand what salespeople/customer service oriented employees go through/experience

    Advice to Management

    Put yourself into shoes of the people who work with customers directly, instead of setting genetic goals


  8. "Former employee"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Junior Financial Analyst in Long Is City, NY
    Former Employee - Junior Financial Analyst in Long Is City, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Citi full-time (More than 5 years)

    Pros

    Global network with over 800 branches in United States. Excellent customer service.

    Cons

    Not the best interest rate on saving accounts. Mostly deals with large businesses


  9. "Human Resources supervisor"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Human Resources Supervisor in New York, NY
    Former Employee - Human Resources Supervisor in New York, NY
    Recommends
    Approves of CEO

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

    Pros

    Large staff and helpful to clients

    Cons

    Lost in the endless beaurocracy

    Advice to Management

    Hire more experienced people


  10. "high pressure, constantly changing"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in New York, NY
    Former Employee - Vice President in New York, NY
    No opinion of CEO

    I worked at Citi full-time (More than 8 years)

    Pros

    global organization that is going through a lot of change

    Cons

    high pressure to try to recapture business lost since 2008


  11. "investment banking associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    good training, well-established analyst and associate programs, good selection of alternative career opportunities post completion of program

    Cons

    typical issues at any bulge-bracket firm, experience varies sometimes depend on your luck (i.e. deal flow, staffer's role in the group, senior bankers)

    Advice to Management

    A little time and effort spent on building a distinctive culture and a sense of pride for team effort can do a great deal in motivating junior bankers



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