CIT - Company not sinking, but also going nowhere fast. | Glassdoor
There are newer employer reviews for CIT
There are newer employer reviews for CIT

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"Company not sinking, but also going nowhere fast."

Star Star Star Star Star
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Rail Leasing Customer Service/Mechanical in Chicago, IL
Former Employee - Rail Leasing Customer Service/Mechanical in Chicago, IL
Doesn't Recommend
Disapproves of CEO

Pros

Good location, entry-level compensation is adequate, management is generally personable and easy to get along with, excellent in-office systems & equipment, and a good amount of knowledge resides in the office.

Cons

No opportunity for advancement. Mid-level managers are exclusively grifted from GE or GATX; upper management (based in NYC) treats the rail division as a mere curiosity. Staff has limited knowledge of railcars outside of the mechanical group, and that group has been intentionally skeleton-ized and outsourced. (The finance group, on the other hand, is unnecessarily bloated) People with valuable industry knowledge & experience work here but middle management only rarely solicits opinions; decisions are always final, and often made without regard to feasibility and practicality.

Advice to Management

Remove current division management and begin the process of identifying (and fast-tracking) those within the group who have not only the knowledge of the industry, but a passion for it as well. Too many 401K-chasing managers work here who have the booksmarts, but no real motivation to make CIT a premier company in this industry. Company literature advertises CIT as being an industry leader in rail transportation finance, but from a customer's point of view they're probably #4 or 5, and dropping.

Other Employee Reviews for CIT

  1. "Lacking!"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Customer Servie Representatitve in Chicago, IL
    Current Employee - Customer Servie Representatitve in Chicago, IL
    Disapproves of CEO

    Pros

    Flexible scheduling, good staff, comfortable environment, well-located, decent pay

    Cons

    little/no room for advancement, little guidance and developement, poor competency amidst management, outdated or non-existent procedures

    Advice to Management

    Education, advancement, and open-mindedness are all lacking


  2. "Great place"

    Star Star Star Star Star
    • 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.

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

See Most Recent

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