CIT Reviews

Updated 27 September 2014
Updated 27 September 2014
127 Reviews
2.7
127 Reviews
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CIT Chairman and CEO John A. Thain
John A. Thain
59 Ratings

Review Highlights

Pros
  • Depending on which department you are in, you usually have a great work life balance (in 13 reviews)

  • Good benefits package and reasonable work/life balance depending on role (in 15 reviews)


Cons
  • Senior management is not in touch with all of the businesses (in 8 reviews)

  • this was once a good company but senior management team broke it and continue to drive this ship in the dirt with reckless abandon (in 5 reviews)

More Highlights

11 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    good experience, nice people, overall very good firm

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Intern in Livingston, NJ (US)
    Former Employee - Intern in Livingston, NJ (US)

    I worked at CIT as an intern (less than an year)

    Pros

    good training, strong leadership, excellent people

    Cons

    work can get monotonous at times

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Good place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Accountant in Livingston, NJ (US)
    Former Employee - Senior Accountant in Livingston, NJ (US)

    I worked at CIT full-time (more than 5 years)

    Pros

    Energetic, smart, upward, profitable, moving forward

    Cons

    Training, was bankrupt in 2009, emerged from bankruptcy the same year

    Advice to ManagementAdvice

    Value

    Recommends
    Positive Outlook
  3. 2 people found this helpful  

    Fresh Blood Driving Top-Down IT Transformation

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at CIT

    Pros

    What a difference a year or two makes! I have been with CIT for over 10 years and perpetually frustrated at some poor business and technology decisions that drove us into bankruptcy and created a stagnant culture... until now.

    Fast forward to 2012 with a new CEO and CIO who both systematically replaced almost their entire management teams and drove a top down change in culture. IT's relationship with the business has been especially impacted with IT going from being glorified order takers to valued partners at the table helping drive business decisions.

    Stacey Goodman is known for her eye for talent and that clearly shows. She has given fresh opportunities to leaders that have been here a while, sent a clear message to those who have underperformed or not lived up to the new values, and focused a lot of energy on infusing fresh blood into many leadership roles.

    CIT has become a fun and exciting place to work again - especially IT. The company is investing in technology, putting video cameras and giant TVs in conference rooms, focusing investment in projects that will drive company wide transformation and help clean up the legacy mess that has accumulated over years of decreasing investment.

    The technology leadership team is a great bunch who are all masters of their domain. Frank Nazzaro has evolved the infrastructure team from bare metal provisioners to a great group of techies who are trying to modernize our foundation and leverage technologies like cloud computing. Stacey has done a good job of leveraging the best leaders she inherited and supplementing with fresh blood.

    Sure there are folks from the old guard who complain no matter who's holding the wheel or where we are going. Our leadership has made a point of engaging with these naysayers and challenging them to cheer up and help move us forward or step aside and make room. I respect that greatly. Set the target, clarify everyone's role and purpose, then let's rally together and get some stuff done.

    I am excited about working at CIT for the first time in a friggin decade. We are debt free, profitable, led by true visionaries, undergoing massive transformation and investing in technology to drive business growth. Couldn't be a better time for you to come on board.

    Cons

    HQ is in Livingston, NJ
    Building came via time portal straight from the 70's
    Lots of legacy process (though they are attacking this methodically)
    Information security (but they stink wherever you go)
    Parking lot has flooded a few times since I've been here
    Compliance group just gets bigger every year, what's up with that?
    Lots of legacy systems, one mainframe that may never go away (but it works and everyone has warts)
    The lady who makes my sandwiches in the cafeteria is sometimes grumpy

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Amazing

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Project Coordinator in Burlington, ON (Canada)
    Former Employee - Project Coordinator in Burlington, ON (Canada)

    I worked at CIT full-time (more than an year)

    Pros

    CIT is a great a place to work ... the management is really supportive for wanting to learn more, supportive of ideas to make things better and overall great place to be.

    Cons

    CIT deals with a lot of boring content, contracts, processing contract and the such, a lot of the roles in Burlington at least are very mundane, nothing too exciting. and the air in the building is so dry it feels like its sucking the life out of you.

    Advice to ManagementAdvice

    make it more interesting to work there

    Recommends
    Positive Outlook
    Approves of CEO
  6. 1 person found this helpful  

    Great Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Intern in Jacksonville, FL (US)
    Former Employee - Intern in Jacksonville, FL (US)

    I worked at CIT as an intern (less than an year)

    Pros

    Well-paid for an intern, great experience, very good management.

    Cons

    Some of the people are difficult to work around.

    Advice to ManagementAdvice

    Bring in more effective employees for operations. Difficult to work while so many employees are so negative toward/about one another

    Recommends
    Positive Outlook
    Approves of CEO
  7. 1 person found this helpful  

    Great team environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at CIT full-time

    Pros

    Great culture
    Ability to work for and with highly skilled individuals
    Merit driven appreciation, not political
    Employees treated with respect, equitable
    High growth potential
    Overall great place to work and grow professionally

    Cons

    Operations could be more efficient, updated
    Funding resources

    Advice to ManagementAdvice

    Help streamline process and execution. You have outstanding employees. If you can give them the tools to drive faster execution, sky's the limit for CIT.

    Recommends
    No opinion of CEO
  8.  

    CIT Rail rewards results, takes risks promoting internal candidates to new opportunities.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President
    Current Employee - Vice President

    I have been working at CIT full-time

    Pros

    With an established practice of hiring internally to fill top positions and filling lower positions externally, CIT Rail is an excellent place to grow and have a career.

    CIT Rail is very difficult to get into, the compay hires only the very best and brightest people it can find so you're always working with people you can respect and that respect you. Fit (group dynamic) is just as important as formal qualifications in the interview process so it's actually a fun environment to work in.

    CIT Rail managment respects work life balance, I work very reasonable hours and as long as my work gets done very well, my manager allows me a lot of freedom with my time.

    Cons

    The onboarding process at CIT can be a bit slow, but it's definitely worth the wait.

    When everyone on your team is smart, hard working, and looking to impress it can be difficult to stand out. Managment is cognisant of the fact that its working with the cream of the crop, expectations are very high but accomplishments are definitely rewarded.

    CIT has become a bank holding company. For those of us who were here before, the environment feels more tightly controlled, less free, more guarded. I've heard from others who worked at other banks before or who have since moved to other banks, CIT Rail feels more laid back and relaxed than other banks though it is adequately controlled.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Financial Systems avp

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Assistant Vice President in Livingston, NJ (US)
    Current Employee - Assistant Vice President in Livingston, NJ (US)

    I have been working at CIT full-time (more than an year)

    Pros

    great people, great opportunities, awesome

    Cons

    overall none. a great place

    Advice to ManagementAdvice

    keep up the great work

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    My experience at CIT has been satisfactory

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at CIT

    Pros

    Good benefits and flexible scheduling

    Cons

    Communication from Senior mgmt could be better

    Recommends
    Approves of CEO
  11.  

    joined in an acquisition and was given every opportunity by CIT management.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at CIT

    Pros

    leader in the industry, excellent compensation and incentive, retired in 2009

    Cons

    prior management torpedoed the company, company has been crippled by regulators and losses

    No opinion of CEO

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