CIT

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CIT Reviews

Updated 16 August 2014
Updated 16 August 2014
117 Reviews

2.7
117 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
CIT Chairman and CEO John A. Thain
John A. Thain
51 Ratings

Review Highlights

Pros
  • Depending on which department you are in, you usually have a great work life balance (in 11 reviews)

  • Good benefits package and reasonable work/life balance depending on role (in 14 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)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1. 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)

    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
  2.  

    Just another paycheck

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

    Pros

    Flexible work hours, really nice cafeteria...that's about it. Oh, if you're in the right department, and know the right people, and say the right things, you could do OK.

    Cons

    From the tech dept. perspective. Too many consultants who are only interested in their current position and will leave the second something higher paying comes along. No long term outlook. Constantly shifting goals. Lots of layoffs, it has been almost a constant several times a year for the last five years. No one there that is over 30 actually does work anymore, they all direct "offshore" people. Onerous paperwork and regulations. Almost seems like you have to fill out a form to use the rest room. There's more, but I won't bother.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3. 2 people found this helpful  

    A changing culture

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

    Pros

    Generally speaking, good, hardworking people. Financial Analysts get solid exposure to all levels within their business, so a lot of on-the-job learning happens fast - a good growth opportunity. Bonuses in the Corporate Finance segment are generally pretty good. Managers are usually good about work-life balance. Company came through bankruptcy and has a high-profile CEO who can get a seat at most any table in the finance and political world. Generally good benefits package, though it's being whittled away a bit.

    Cons

    Promotions hard to come by. Salaries not always equitable among peers. While there are opportunities for internal mobility, good luck getting a raise; significant downward pressure on salaries, so while an external hire might get a 10% hike over their last base, an internal might get 0-4%. New crop of Exec-level leaders are turning a formerly-familial culture into a sterile, not-fun culture. Cultural silos exist from location to location.

    Advice to ManagementAdvice

    Be more transparent and communicate better. Invest in your employees.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5. 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

    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
  6.  

    Great place to work, Worst place to earn money

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Software Engineer  in  Campinas, São Paulo (Brazil)
    Current Employee - Software Engineer in Campinas, São Paulo (Brazil)

    Pros

    Here I can learn a lot of technologies
    The colleagues are friendly
    The leaders are always with the teams

    Cons

    Sometimes the salary policy is confusing
    The profit sharing is a joke
    On the last year, the company lost a lot of good professionals by a lack of clarity in strategic decisions (salary, career planning, technologies, projects and investments in education)
    There is a disparity between what is said and what is done. Leaders ask for certifications, courses, availability and other languages​​, but don´t give opportunity to exercise these skills. The good opportunities are for those who are nearby the leaders.

    Advice to ManagementAdvice

    You have to valorize those that really done something for the company and the projects, not to those just want enjoy the opportunity to improve the salary.

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

    Interesting time at CIT Group

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

    Pros

    Great employees who work hard

    Cons

    Belief that current employees don't have the skills needed

    Advice to ManagementAdvice

    Trust your employees to get the job done

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  8. 1 person found this helpful  

    CIT is a great place to work for if you want quiet office life.

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

    Pros

    Quiet, relaxed environment, decent pay, friendly employees

    Cons

    Rarely see young employees and the office is too dull

    Advice to ManagementAdvice

    Hire more young talents

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Was a great company before bankruptcy in 2009. Now the focus is on shareholder approval and cutting expenses.

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

    Pros

    The people that work there are genuinely good people. The location is convientent for those that drive

    Cons

    The senior management is lousy, It appears the company is trimming cost to sell the company. Leasing is not the most exciting industry to work in.

    Advice to ManagementAdvice

    focus on adding revenue and not cutting expenses

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  10.  

    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

    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
  11. 2 people found this helpful  

    Low Morale in IT Department

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

    Pros

    many people stay at CIT for a long time

    Cons

    IT Department has had multiple layoffs in recent years leading to low morale and fears of total outsourcing of IT. Culture is focused on compliance and not technology. limited room for internal growth. majority of high-level positions have gone to new hires and not internal candidates. Business has low regard for IT department and thinks of them as an expense only.

    Doesn't Recommend
    No opinion of CEO

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