Citi - Expense reduction leads to talent reduction | Glassdoor
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There are newer employer reviews for Citi

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"Expense reduction leads to talent reduction"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Business Analyst in New York, NY
Current Employee - Business Analyst in New York, NY
Doesn't Recommend
Neutral Outlook
Approves of CEO

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

Pros

Work-life balance is one of the best aspects of working for Citi, as they allow you to work from home and will work with you to adjust your hours if you have to deal with family commitments (depending on the team). Working for a global bank is a good learning experience, and there are opportunities to interact with people from multiple continents on certain projects. In technology, vendors know Citi is a huge contract, so you can get wined and dined, if you can make it through their sales pitch. There is a 6% 401k match and the health plans are good, though a bit more expensive in recent years.

Cons

Ever since the financial crash there has been a huge emphasis on expense reduction, which means employees (aside from the top echelon of management) are hard pressed to get travel reimbursement, or training approved. In corporate, the annual adjustments and bonuses have been poor, and many see nothing come year end. If you are an old timer who made your money in the good times, you can hang around and lead a relatively stress free existence collecting a fat check. If you are younger and work at Citi for a while, you will have a hard time keeping up with inflation. Moreover, the advancement opportunities are little, as the senior managers never seem to move on and the company places a greater emphasis on moving operations to low cost areas.

Advice to Management

Invest in your top people and foster growth in their career.

Other Employee Reviews for Citi

  1. "Truly Global Bank"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Registered Client Associate in New York, NY
    Former Employee - Registered Client Associate in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Good brand name
    Global Presence
    Above average intelligent people
    OK pay

    Cons

    Too political
    Not much meritocratic
    Layoff threat

    Advice to Management

    Focus on new future to be on the top


  2. "over seas job security"

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

    I worked at Citi full-time

    Pros

    Healthcare, dental, vision, 401K matching,

    Cons

    low job security due to Out sourcing positions


There are newer employer reviews for Citi
There are newer employer reviews for Citi

See Most Recent

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