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CIT Reviews

Updated 13 April 2015
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Employee Reviews

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  1. 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 (more than 5 years)

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

    Pros

    Low stress most of the time.

    Cons

    Technology is very outdated.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

    Advice to Management

    Notice and reward hard work b

  2. Solid experience at CIT -

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

    I worked at CIT as an intern (less than a year)

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

    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 Management

    Get some wins and hire more -

  3. Intern

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

    I worked at CIT as an intern

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Great Employees, work life balance

    Cons

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

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  5. Helpful (1)

    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 (more than 5 years)

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

    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).

  6. Helpful (2)

    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 (more than 10 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    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 Management

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

  7. 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 (more than 5 years)

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    Due to wind down there are currently no pros.

    Cons

    Company n wind down, therefore no opportunities.

  8. 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

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

    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 Management

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

  9. Helpful (1)

    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 (more than a year)

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    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 Management

    None...

  10. Helpful (3)

    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 (more than 3 years)

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    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 Management

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

  11. 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 Management

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

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