CIT Reviews

Updated 1 October 2014
Updated 1 October 2014
125 Reviews
2.6
125 Reviews
Rating Trends

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

Review Highlights

Pros
  • Depending on which department you are in, you usually have a great work life balance (in 12 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

Employee Reviews

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  1. 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
  2.  

    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
  3.  

    Great place to work

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

    I have been working at CIT full-time

    Pros

    CIT Group is a great Company to work for. Management is very dedicated to training younger employees. They go over and beyond to help new analyst. Depending on which department you are in, you usually have a great work life balance.

    Cons

    Company is in a transition right now, limited growth.

    Advice to ManagementAdvice

    Keep up the training, it shows you are dedicated toward your employees.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Was a great company to work for several years ago.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at CIT

    Pros

    At one time seemed very interested in development, training, and advancement of employees. May not be too far gone to get some of that back.

    Cons

    In the past year or two, Integrity and honor seems to have been replaced by the typical big bank "everyone is replaceable at any moment for any reason" stance. Pays well but certainly isn't a stable work environment.

    Advice to ManagementAdvice

    Nothing. The decisions coming from executive row seem to be made in a vacuum, at least with regards to working conditions or employee relations.

  6.  

    A casualty of Cost Cutting

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

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

    Pros

    Great Co workers, 401k contribution and in my former department flexible work hours

    Cons

    Management does not care about worker bees anymore

    Advice to ManagementAdvice

    Get rid of highly paid senior managers and save the people who do the work.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  7. 2 people found this helpful  

    CIT is definitely no 7-Eleven--It's far worse!

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

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

    Pros

    Benefits, some decent salaries, advancement (if you have the right friends), title (if you have the right friends),, Ability to land a very well-paid job with CIT (no experience required) if you were friends with the right people (CIO, CAO, COO, etc.)

    Cons

    If you're not friends with an officer (CIO, COO, CAO, etc.), look elsewhere if you want a decent job (min: director-level or above). Bottom line: CIT IT CIO takes care of her own.

    Advice to ManagementAdvice

    Watch the mass exodus begin whenever CIO leaves CIT. No new management team would tolerate this level of nepotism!.

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

    More interested in "not losing" than in "winning".

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

    I have been working at CIT full-time for more than 3 years

    Pros

    This is a great place to work if you want to have good benefits, a nice cafeteria, and very little challenge in your work. Would be good for employees of the DMV, for example. Only exception is Transportation business, which is a great business full of great employees working extremely hard to lead and innovate. Without Transportation, this firm would be a distant memory.

    Cons

    Systems are antiquated and there is no money for investment. The business are old, low risk, low return, and dying on the vine. Leadership is more interested in risk and compliance than in actually doing business, and after all the mistakes that have been made by the firm, they are more interested in making sure that investors are happy than whether its a good firm. Employees are either brand new and amazed at how backward the place is, or have 20 years experience and have completely forgotten how to work.

    Advice to ManagementAdvice

    Take some risks!!! This firm is incredible - there are Risk people everywhere, but the firm takes no risk. It's beyond bizarre.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9.  

    15 year employee - good experience

    • Comp & Benefits
    • 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 for more than 10 years

    Pros

    Good compensation, flexibility in working arrangements

    Cons

    Not great on the vision thing; business model needs work.

    Advice to ManagementAdvice

    HR runs the place - is that how you really want to roll?

    Recommends
    Neutral Outlook
    No opinion of CEO
  10.  

    Nice People! But a very unpleasant place to work!

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

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

    Pros

    There are none! Most of the people there are very nice. But there is not much else to say!

    Cons

    1) The corporate culture is awful
    2) There is little to no employee development, continuing education, training etc.
    3) The firm's offices are 20 years out of date and the office equipment and offices are a wreck. The carpets are stained everywhere.
    4) The firms technology, systems and infrastructure is pitiful. There is a high turnover in the technology group.
    5) Each of the operating units is run like it is a separate company and there is little synergies, coordination or cooperation.
    6) There is little ambition among employees. It seems that many stay for a few years until something better comes along
    7) The firms finance, risk, credit and other policies and procedures are very outdated.
    8

    Advice to ManagementAdvice

    I think John Thane and Scott Parker need to rip the firm apart and rebuild it from the ground up. What they have now is very broken and unfixable!

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11. 4 people found this helpful  

    It was the most toxic, compliance driven company I have ever worked for in my 20 year career

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

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

    Pros

    Pay is decent, good 401k. Free parking. Some really good people.

    Cons

    Those really good people suffer on an every day basis. Leadership very impressed with themselves but in reality are weak. HR has no credibility.

    Advice to ManagementAdvice

    Blow up the HR dept. Start at the top

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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