CIT - Going Down the Tubes | Glassdoor
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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.

Other Employee Reviews for CIT

  1. "VP"

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

    I worked at CIT full-time

    Pros

    Opportunities for growth
    Good work life balance

    Cons

    Frequent leadership changes
    Low morale in some departments


  2. "Manager"

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

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

    Pros

    Employees you work with and opportunities given.

    Cons

    Need more development opportunities for mid to junior level.

    Advice to Management

    Invest more in the staff.

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

See Most Recent

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