CIT

  www.cit.com
  www.cit.com

CIT Reviews

Updated 24 November 2014
Updated 24 November 2014
138 Reviews
2.9
138 Reviews
Rating Trends

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

Review Highlights

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 Highlights

Employee Reviews

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  1.  

    Great Experience

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

    I worked at CIT (more than 5 years)

    Pros

    Great co-workers, professional but exhibited a good sense of humor. Good benefits, paid time off, and holidays off.

    Cons

    Training does not exist. More like sit with this person and learn their habits (good or bad).Pay for certain positions are not compatible with the job duties

    Advice to ManagementAdvice

    Show your employees that you appreciate them.

    Recommends
    Positive Outlook
    No opinion of CEO
  2. 5 people found this helpful  

    Only vampires covet "Fresh Blood"

    • 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 (more than 3 years)

    Pros

    The cafeteria is OK but they sell out of many things by 11:30.

    Cons

    Where to begin? One of the previous posters who apparently had a full immersion baptism in the CIT Kool-Aid-assuming they are not in HR or public relations- raved about the current IT management team. Really? I won't get into naming names but they singled out the network infrastructure team for undeserved effusive praise. How can you trust that team to transition to cloud technology when they can't even manage routine network infrastructure tasks like middleware configuration or server maintenance without inevitable outages and application failures? That team is so siloed that you can't even figure out where to turn when your app goes down because of their miscues. You have to hope the offshore help desk person who processes your trouble ticket can route it to the correct person and hope they deign to assist in a timely fashion. A lot of other posters have hit the nail on the head regarding the current CIO and her inner circle so I there is little of value I can add to their dead on commentaries.

    Advice to ManagementAdvice

    Why bother? They could care less about anything other than their bonus checks.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  3. 2 people found this helpful  

    Fresh Blood Driving Top-Down IT Transformation

    • 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

    Pros

    What a difference a year or two makes! I have been with CIT for over 10 years and perpetually frustrated at some poor business and technology decisions that drove us into bankruptcy and created a stagnant culture... until now.

    Fast forward to 2012 with a new CEO and CIO who both systematically replaced almost their entire management teams and drove a top down change in culture. IT's relationship with the business has been especially impacted with IT going from being glorified order takers to valued partners at the table helping drive business decisions.

    Stacey Goodman is known for her eye for talent and that clearly shows. She has given fresh opportunities to leaders that have been here a while, sent a clear message to those who have underperformed or not lived up to the new values, and focused a lot of energy on infusing fresh blood into many leadership roles.

    CIT has become a fun and exciting place to work again - especially IT. The company is investing in technology, putting video cameras and giant TVs in conference rooms, focusing investment in projects that will drive company wide transformation and help clean up the legacy mess that has accumulated over years of decreasing investment.

    The technology leadership team is a great bunch who are all masters of their domain. Frank Nazzaro has evolved the infrastructure team from bare metal provisioners to a great group of techies who are trying to modernize our foundation and leverage technologies like cloud computing. Stacey has done a good job of leveraging the best leaders she inherited and supplementing with fresh blood.

    Sure there are folks from the old guard who complain no matter who's holding the wheel or where we are going. Our leadership has made a point of engaging with these naysayers and challenging them to cheer up and help move us forward or step aside and make room. I respect that greatly. Set the target, clarify everyone's role and purpose, then let's rally together and get some stuff done.

    I am excited about working at CIT for the first time in a friggin decade. We are debt free, profitable, led by true visionaries, undergoing massive transformation and investing in technology to drive business growth. Couldn't be a better time for you to come on board.

    Cons

    HQ is in Livingston, NJ
    Building came via time portal straight from the 70's
    Lots of legacy process (though they are attacking this methodically)
    Information security (but they stink wherever you go)
    Parking lot has flooded a few times since I've been here
    Compliance group just gets bigger every year, what's up with that?
    Lots of legacy systems, one mainframe that may never go away (but it works and everyone has warts)
    The lady who makes my sandwiches in the cafeteria is sometimes grumpy

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Company continues to be in transition

    • 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 full-time (more than an year)

    Pros

    Good NY location, though NJ commute can be bad. High profile CEO and management team command outsized attention for a firm of this size. Much has improved since the 2009 bankruptcy.

    Cons

    HR is terrible. No consistency in title, salary, promotion process. Management is extremely top heavy. Not really sure what everyone's jobs are or why there are so many C-level execs. Many execs seem to have agendas other than making CIT a great company. Communication internally is very bad. Many confused people about vision and direction of firm. Management seems aloof, at best. But more like they want to be somewhere else.

    Advice to ManagementAdvice

    Spend more time in the office with the people on the line. Communicate a clear vision for employees so they know what you are trying to achieve.

    Neutral Outlook
    No opinion of CEO
  6. 2 people found this helpful  

    Dedicated Staff, marginal management

    • 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 full-time (more than 10 years)

    Pros

    Coworkers band together despite frequent management replacements

    Cons

    Management still cannot get it right

    Advice to ManagementAdvice

    Find work in a different industry sector or planet.

    Negative Outlook
    Approves of CEO
  7. 1 person found this helpful  

    I do not consider CIT a world class Financial Services Organization

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

    I worked at CIT full-time

    Pros

    Nothing to share. I do not have any pro's to speak of that were not personal in nature. Headquarters in NJ is convenient for many of the employees.

    Cons

    Everything was second rate compare to other financial services companies. Compensation, career potential and the quality of management will never be at the same level of its competitors.

    Advice to ManagementAdvice

    Do not make committments to change and people that you cannot and will not keep.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  8.  

    Pressure-packed work environment

    • 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 full-time (more than 5 years)

    Pros

    Good work/life balance. Well-run cafeteria. Most people are nice and easy to work with. Good opportunity for on-the-job learning. Some directors go the extra-mile to make CIT a satisfying place to work.

    Cons

    Not enough directors go the extra-mile to make CIT a satisfying place to work. No opportunity to learn new things, unless self-motivated and can squeeze it in. Those with talent are stretched too thin. Those that are less-motivated get away with doing the bare minimum. Some subordinates feel managers aren't in-touch, therefore those managers are not respected. Promises made by management are too often not kept. Managers that are sharp are not appreciated. Low employee morale. Lots of job-seeking going on. Plenty of complaints, bad language, bad attitudes, and behind-the-back-bad-mouthing. Goal setting policy is implemented like it was a forced government mandate rather than as a tool to develop talent. Politically correct surveys are a joke.

    Advice to ManagementAdvice

    Recognize the talent you have and reward it. Create a policy of regularly clearing out dead-wood. Implement a 360 degree feedback program.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9.  

    Good people, but management

    • 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 (more than 3 years)

    Pros

    The people are fantastic! Really great, intelligent people.

    Cons

    The company is struggling with who they want to be and what the areas of focus are. Plus there is still a lot of apathy from bankruptcy. Senior management is not in touch with all of the businesses.

    Advice to ManagementAdvice

    Put the businesses first.

    Recommends
    Neutral Outlook
    Disapproves of CEO
  10. 1 person found this helpful  

    No rewards or recognition for the hard working

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

    I worked at CIT full-time (more than an year)

    Pros

    Nice location to work in

    Cons

    No recognition, no raise or bonus unless your a boss's favorite

    Advice to ManagementAdvice

    Treat everyone the same and reward merit by job well done, not by who's your favorite

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  11.  

    Financial Industry Makes a Difference!

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

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

    Pros

    Talented group of individuals who jointly collaborate to meet company goals.
    Challenging, fast paced and a terrific place to grow, exceed and be recognized.
    Excellent compensation package.

    Cons

    Regulation requirements sometimes hinder overall success.
    Leadership IT team is slightly top-heavy.
    Advancement can be challenging.

    Advice to ManagementAdvice

    Consider conducting an internal assessment of human resources before going out into the marketplace to seek skills that might already exist in-house.

    Recommends
    Positive Outlook
    Approves of CEO

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