CIT - Broken Model | Glassdoor
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There are newer employer reviews for CIT

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"Broken Model"

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

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

Pros

Good hard working middle level people

Cons

Broken business model, lack of clear leadership, all tactical no strategy

Advice to Management

Sell

Other Employee Reviews for CIT

  1. Helpful (1)

    "No direction - bad place for women"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in New York, NY
    Current Employee - Vice President in New York, NY
    Recommends
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Great mid-level management team. Good benefits package and reasonable work/life balance depending on role.

    Cons

    No strategic direction. Disturbingly high number of senior executives without requisite skill set to perform effectively. Token female representation in leadership team. Senior women often pushed aside to provide development opportunities for men. In general, lip service paid to employee development.

    Advice to Management

    Executive management needs to be rebalanced with experienced bank managers.


  2. Helpful (1)

    "Hostile IT work environment in survivor mode."

    Star Star Star Star Star
    • 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
    No opinion of CEO

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

    Pros

    My particular group was fantastic, but almost all either left or were let go. The only good news is that they gave me an excellent package and large bonus, but I can only assume that this will be changed soon, so don't count on it. The new CIO brought in some good directors, but let all the worker bees go. Now what did that cost?

    Cons

    The IT department is a hostile work environment. There are people there who can only be described as needing medication. Processes date from the 80's. There is a Mainframe mentality. May I quote : "What's wrong with mainframe?". This company is in survivor mode after going through a bankruptcy.

    Advice to Management

    Do some 360 feedbacks. You have not got a clue who your best people are and are not.

There are newer employer reviews for CIT
There are newer employer reviews for CIT

See Most Recent

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