CIT Reviews

Updated 24 April 2015
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3.2
161 Reviews
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CIT Chairman and CEO John A. Thain
John A. Thain
73 Ratings

Pros
  • Depending on which department you are in, you usually have a great work life balance (in 16 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 Pros and Cons

Employee Reviews

Sort: Popular Rating Date
  1. Sr Accountant

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

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

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Unbelievable PTO days. All the days are combined. This company offers Personal Days, Sick Days, Vacation Days. Plus rollover 1 week.
    11 Holidays
    Great 401K match
    Jeans worn during the whole and during the last two weeks of the years.
    Best tuition reimbursement payout.
    Hours 8:30 to 5

    Cons

    Merit increases are low percentage.
    Limited growth depending on your department
    Doesn't off offsite training.

    Advice to Management

    None

  2. Loved it, Great people

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

    I have been working at CIT part-time (Less than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Manager cared about my development and offered many opportunities to apply myself. Great pay and room for independence. My fellow employees are amazing.

    Cons

    No growth or career development . People at the Director level and some life-time VP's never leave which further compounds the problem

    Advice to Management

    Set up a career path for associates and give more training to employee to increase effectiveness.

  3. Vice President

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

    I have been working at CIT full-time (Less than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Collegiate and collaborative atmosphere...at CIT, even when in a control or risk function people are polite and ready to work toward solutions. It is a refreshing and energizing place to work. Work-life balance is also excellent.

    Cons

    As it continues its transition from finance company to bank, there are some adjustment pains. The different functions don't always know their boundaries, and new policies and procedures need some weathering.

    Advice to Management

    Keep up good work toward bank organization and controls, but don't forget our origins in middle market and equipment financing.

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  5. Loved it, dynamic place

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Business Analyst in New York, NY (US)
    Former Employee - Business Analyst in New York, NY (US)

    I worked at CIT full-time (Less than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Manager cared about my development and offered many opportunities to apply myself. Great pay and room for independence.

    Cons

    Few birthing pains as the company was still growing, so one had a few delays here and there as posts/systems were being filled/developed. Felt like a bit of a startup as the company is transforming itself.

    Advice to Management

    Stay on the current path as change is essential and refreshing.

  6. Helpful (1)

    Full of opportunities in terms of areas of opportyunity found. Managment could do much better

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

    I have been working at CIT full-time (More than a year)

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Location if you live in NJ is convenient
    Competitive benefits
    Good progress oportunities if you are lucky enough to work for the "New School Management"
    Good work-life balance overall

    Cons

    Can get stucked if you are working for the "Old School Management"
    Carreer path not clearly traced
    Need imporvment on people motivation
    Poor senior management (Old School memebers)

  7. Ok place to work

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

    I have been working at CIT

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Flat management structure. Good cafeteria

    Cons

    Promotion and recognition very slow.

  8. Operations Clerk

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at CIT

    Pros

    Very Good working environment

    Cons

    Basic Salary is not high

  9. Helpful (1)

    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 8 years)

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Location is very convenient if you live in NJ.

    Cons

    Offer better pay and career advancement.

    Advice to Management

    Offer competitive compensation.

  10. Helpful (2)

    looking Back

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director in New York, NY (US)
    Current Employee - Director in New York, NY (US)

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

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    Jobs at the Director and above pay well and I these folks will continue to do well. No real appreciation for worker bees

    Cons

    NYC Centric Management - Mix of tribes inside the company that don't work together well.

    Advice to Management

    Get some good Middle managers -

  11. Great

    • 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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Money money money money money

    Cons

    Hours hours hours hours glues

    Advice to Management

    None

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