CIT Reviews

Updated 17 September 2014
Updated 17 September 2014
122 Reviews
2.6
122 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
CIT Chairman and CEO John A. Thain
John A. Thain
55 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.  

    Great company, just be careful who you work for...

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

    I worked at CIT full-time for less than a year

    Pros

    Great company, good benefits, nice atmosphere. Most employees are friendly and willing to help you succeed.

    Cons

    I was hired while still in school and expected to know as much as others who have been working in accounting for 5+ years. Training was minimal/unorganized. No on-boarding or introduction to company. Interns got more training and learned more about the company than new hires. Depending on your department, you may be expected to work some insane hours. My manager always pointed out the negative, never said anything good, and definitely played favorites with employees.

    Advice to ManagementAdvice

    Look at departments with high turnover and ask what's going on that people aren't staying.

    Recommends
    Neutral Outlook
    Approves of CEO
  2. 1 person found this helpful  

    Average company

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

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

    Pros

    Good place to be for working parents looking for work place flexibility. Appears to a firm that is looking to grow especially thru OneWest acquistion. Strong executive leaders that are respected on Wall Street have brought CIT much relevance.

    Cons

    Senior management lacks transparency. In certain groups things change and we end up finding out from other departments. Certain managers seem to only care about themselves and fail to communicate important issues to staff. This leads to inefficiencies and low morale. Unfortunately this has lead to lots of turnover. Also IT has many issues including speed of service and increased disruptions.

    Advice to ManagementAdvice

    Start caring about your employees. Do not view them as just a #. The company also needs to be clear and stop dancing around true issues and resolve them with a consistent approach.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Slow paced, workaday attitude.

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

    I worked at CIT full-time for more than 5 years

    Pros

    Low stress most of the time.

    Cons

    Technology is very outdated. Small raises. Limited growth potential.

    Advice to ManagementAdvice

    Notice and reward hard work b

    Recommends
    Neutral Outlook
    No opinion of CEO
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  5.  

    Solid experience at CIT -

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

    I worked at CIT as an intern for less than a year

    Pros

    Smart nice people, certain divisions growing really fast. The CEO has done a good job of growing the company. The corporate culture is hard working but definitely not crazy.

    Cons

    In certain division, disorganized but people have good spirits about it. Certain divisions don't seem too busy but some are overworked.

    Advice to ManagementAdvice

    Get some wins and hire more -

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Terrible place to work

    • 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)

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

    Pros

    If you work in the Livingston office, it's an easy commute for those in nearby suburbs who have a car. If you live in NYC and don't have a car, it's a train and then a 20 minute cab ride, because Livingston is not near any form of public transportation.

    Cons

    Some very talented employees, but many managers are inept in their ability to manage staff. Some are rude and disrespectful. HR dept is dysfunctional. Good performance not rewarded financially. Constantly chasing meaningless metrics. Outdated technology; company is still using Internet Explorer 8.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  7.  

    Intern

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

    I worked at CIT as an intern

    Pros

    Great Employees, work life balance

    Cons

    Didn't get hired because of budget issues after spending a year plus with the company

    Recommends
    Approves of CEO
  8. 2 people found this helpful  

    Poor environment where people are not valued, only the perception on the street is valued

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

    I have been working at CIT full-time for more than 10 years

    Pros

    Pay - they overpay their new employees

    Cons

    -management would rather see employees leave then reward existing employees
    -no career path
    -constantly starting new projects without managing capacity
    -only focusing on the present, no long-term view and no leadership skills on the management team

    Advice to ManagementAdvice

    Abandon the acquisition strategy and focus on people and processes. Without fixing the core problems, CIT will always be a mediocre company at best.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9.  

    Was a good place to work for may years but last 12 month were very difficult due to wind down of operations

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

    I worked at CIT full-time for more than 5 years

    Pros

    Due to wind down there are currently no pros.

    Cons

    Company n wind down, therefore no opportunities.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  10.  

    AVP; jump ship if possible

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

    I worked at CIT full-time for more than 5 years

    Pros

    Decent benefits; friendly enough people, though most are just as non-stoked to (still) be at CIT as you are.

    Cons

    Terrible morale. Relatively low compensation compared to other banks. Constant stream of layoffs and people quitting (at least through 2012 & 2013).

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11. 1 person found this helpful  

    Great HR, benefits package but IT Management- recycled failures from other financial institutions

    • 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 for more than a year

    Pros

    Great HR, Benefits, etc... A great place to just collect a paycheck, if you have no drive or career goals.

    Cons

    Just a paycheck with ZERO career opportunity unless you previously worked with and are friends with the current (former failed BOA IT managment) now in place.

    Advice to ManagementAdvice

    None...

    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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