Citco - Great team and atmosphere. Very little chance of promotion. Long hours. Overtime not paid. | Glassdoor
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There are newer employer reviews for Citco

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"Great team and atmosphere. Very little chance of promotion. Long hours. Overtime not paid."

StarStarStarStarStar
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Senior Business Analyst in Toronto, ON (Canada)
Current Employee - Senior Business Analyst in Toronto, ON (Canada)
Doesn't Recommend
Approves of CEO

Pros

Fast pace, dynamic and challenging

Cons

Pressure, overtime is required and not paid. Little or no chance of promotion. Salary increase is frozen. No bonus last year.

Other Employee Reviews for Citco

  1. Helpful (3)

    "Over promise on bonuses, under deliver for the past 3 years."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Fund Accountant in Singapore (Singapore)
    Current Employee - Fund Accountant in Singapore (Singapore)
    Doesn't Recommend

    Pros

    Good work life balance and good non monetary benefits.

    Cons

    Bonus is a huge downside. No bonus, despite good performances.

    Advice to Management

    Don't hold back bonuses for the sake of profitability. You will lose many good staff.


  2. Helpful (5)

    "Company has no interest in employee welfare"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Fund Accountant in Toronto, ON (Canada)
    Current Employee - Fund Accountant in Toronto, ON (Canada)

    Pros

    - People are great.
    - Salary moderately higher than that offered by competiting hedge fund companies.
    - If you want the overtime, it's there. Plently of it!!!!!
    - Fridges stocked with beer. 3 employee events every year, fully paid and covered by company. as well as a few other monthly perks.

    Cons

    - Overtime. Too much of it!
    - Very very very low bonuses, if none at all!
    - Upper management could care less about employee health and welfare. Satisfying client comes first.
    - Very high turnover rate of key employees as management abuses them. They get fed-up and leave.
    - Oh, did I forget to mention...................overtime, too much of it!!!!
    - Getting promoted at Citco is actually a con!!!! Junior and Senior accountants get paid overtime. Once you get to Supervisor, you work for free after 40 hours and you're obligated to stay late.

    Advice to Management

    Eliminating overtime would be a start. The only way to do that would be to evenly distribute the workload amongst employees. To alleviate workload, existing employees must be used as new hires won't be able to contribute for at least 3 months due to lack of knowledge of system and procedures.

There are newer employer reviews for Citco
There are newer employer reviews for Citco

See Most Recent

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