CIT
2.9 of 5 105 reviews
www.cit.com New York, NY 1000 to 5000 Employees

CIT Reviews

Updated Apr 17, 2014

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2.9 105 reviews

                             

81% Approve of the CEO

CIT Chairman and CEO John A. Thain

John A. Thain

(43 ratings)

43% of employees recommend this company to a friend
105 Employee Reviews
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Review Highlights

Pros:
  • "Good salaries and flexible work/life balance in general"
    in 10 reviews
  • "Good benefits package and reasonable work/life balance depending on role"
    in 12 reviews
Cons:
  • "Senior management is not in touch with all of the businesses"
    in 7 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 4 reviews
  • Show more review highlights

Reviews

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • Approves of CEO

1 person found this helpful  

Good Company..If you like doing one thing.

Associate (Current Employee)
Livingston, NJ (US)

I have been working at CIT full-time for more than a year

ProsGood location, Nice people, relaxed enviornment. Competitve salaries for the area. Workload is spread out and divided equally.Decent benefits package. A lot of different departments that you can move to If you want to expand and/or change career paths.

ConsAll work is done and managed by a seperate department, which makes it hard to expand your skill set for other things. Managment needs to have more communication with the employees to give the workers a better idea of the direction that the company is trying to take. CIT is a good place for older employees who are looking for a place to make money and ride into the sunset into retirement. For a young person who wants to grow and learn this is not the company for you. Stay away.

Advice to Senior ManagementCommunicate better with your employees because it will make them feel more apart of the vision of the company.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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  • Disapproves of CEO

1 person found this helpful  

Grab a life jacket as the CIT ship has BIG holes and the ride will be rough!

Anonymous Employee (Current Employee)
Livingston, NJ (US)

I have been working at CIT full-time for more than 8 years

Pros1) Immediate colleagues, though numbers have been dwindling due to numerous RIFs
2) Decent benefits and telecommuting option
3) Okay RIF package from what I have heard

Cons1) Since emerging from bankruptcy, CIT has been trying to act like a bank with limited success.
2) Too many MDs/Directors and not enough people who do substantive work.
3) Compliance has been heavily staffed up, but business lines have experienced numerous RIFs.
4) Cumbersome and idiosyncratic credit process that is slow to react to market changes.
5) Extremely low employee morale due to continuous RIFs, reorganizations, merger rumors, portfolio sell-offs, etc.
6) Very limited career advancement opportunity based on who you know rather than what you know.
7) Antique IT systems.

Advice to Senior Management1) Concise and substantive credit proposals should be the norm rather than lengthy check-the-box dissertations.
2) While it may be easy for credit to say no, that is not conducive to generating income when we are already so light on assets.
3) Propose rational credit enhancements/structural changes rather than idealistic wish lists that are out-of-sync with the market.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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1 person found this helpful  

decent pay but very dull routine job

Anonymous Employee (Former Employee)

I worked at CIT as a contractor for less than a year

Prosfriendly employees, quite, laid-back environment, independently hard-working

Consmaybe not for young people, everyday is very dull

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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  • No Opinion of CEO

1 person found this helpful  

Good and bad

Anonymous Employee (Current Employee)

I have been working at CIT full-time for more than 8 years

ProsWorking in my group was satisfying and rewarding

ConsWas a good business but prior senior management made some stupid decisions

No, I would not recommend this company to a friend

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Bad employer (Mexico's office)

Anonymous Employee (Former Employee)

I worked at CIT

ProsWithout much workload
Respect the work schedule
Activities for employees

ConsVery bad management
No training for employees
Directors with little experience and poor training

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1 person found this helpful  

Decent but manager was terrible

Coordinator (Former Employee)
Livingston, NJ (US)

I worked at CIT full-time for more than 3 years

ProsDecent people to work with.

ConsPretty stagnant not much opportunity.

Advice to Senior ManagementFigure out what type of company you want to be.

No, I would not recommend this company to a friend

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Grand

Anonymous Employee (Former Employee)

I worked at CIT

ProsLot of possibility to move up.

ConsLow wages for lower levels.

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Very rewarding

Anonymous Employee (Former Employee)

I worked at CIT

ProsVery knowledgible employees
Good atmosphere
great first level management
on site caf.
great sdlc procedures
current applications
management keeps employees informed

Consnot enough offices some mangers are in cubicles
bad meeting rooms some enclosed by glass only
Livingston building needs to be modernized

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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  • No Opinion of CEO

 

Good place to work with interesting work and good people

Anonymous Employee (Former Employee)

I worked at CIT full-time for more than 10 years

ProsI liked the culture, satisfying work, good benefits and with some business units impressive performance, generally people were good to work with and compensation seeemed to be average to above average

ConsStability, some management decisions and business outlook

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  • No Opinion of CEO

 

Not the same company anymore

Anonymous Employee (Former Employee)

I worked at CIT

ProsHas good medical and dental benefits

ConsSince the new CEO and CIO joined the company, many re-organizations have occurred and jobs impacted. Didn't take the time to assess talent and move individuals to different positions.

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Glassdoor is your free inside look at CIT reviews and ratings - including employee satisfaction and approval ratings for CIT CEO John A. Thain. All 105 reviews are posted anonymously by CIT employees.