CIT

www.cit.com

CIT Reviews

Updated 27 January 2015
Updated 27 January 2015
147 Reviews
3.1
147 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
CIT Chairman and CEO John A. Thain
John A. Thain
68 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

Sort: Popular Rating Date
  1. 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 (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
  2.  

    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 (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
  3. 1 person found this helpful  

    Good Team

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

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

    Pros

    Great people, reasonable hours (not IB hours)

    Cons

    CIT has terrible IT systems

    Advice to ManagementAdvice

    None

    Recommends
    Positive Outlook
    Approves of CEO
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  5. 2 people found this helpful  

    A company on the rise with strong history

    • Comp & Benefits
    • Work/Life Balance
    • 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 (more than 5 years)

    Pros

    Small company, good culture and people, good benefits, less stress than other New York Bank Holding Companies.

    Cons

    This is a 100 plus year old firm which is in transition. the business is growing, evolving and this can be a challenge for staff.

    Advice to ManagementAdvice

    Remember the core values on which the firm was based while focusing on employees - great and satisfied employees will make the firm succeed; overlooked and underpaid employees will do the opposite.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Treasury

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

    I worked at CIT full-time (more than 8 years)

    Pros

    It was a finance job in NJ

    Cons

    It was never the same post bankruptcy

  7. 1 person found this helpful  

    Great experience, but limited mobility

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

    I have been working at CIT full-time (more than 8 years)

    Pros

    Great work life balance. Great learning experience provides strong foundation.

    Cons

    Limited mobility, both upward and lateral.

    Advice to ManagementAdvice

    Support cross functional development of employees and open avenues for advancement.

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

    Good place to work

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

    I worked at CIT full-time (more than 5 years)

    Pros

    Energetic, smart, upward, profitable, moving forward

    Cons

    Training, was bankrupt in 2009, emerged from bankruptcy the same year

    Advice to ManagementAdvice

    Value

    Recommends
    Positive Outlook
  9.  

    Amazing

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Project Coordinator in Burlington, ON (Canada)
    Former Employee - Project Coordinator in Burlington, ON (Canada)

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

    Pros

    CIT is a great a place to work ... the management is really supportive for wanting to learn more, supportive of ideas to make things better and overall great place to be.

    Cons

    CIT deals with a lot of boring content, contracts, processing contract and the such, a lot of the roles in Burlington at least are very mundane, nothing too exciting. and the air in the building is so dry it feels like its sucking the life out of you.

    Advice to ManagementAdvice

    make it more interesting to work there

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    VP

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

    I worked at CIT full-time (more than 3 years)

    Pros

    Very fast pace, Intelligent people, good compensation

    Cons

    They have some risky ventures, makes more but job security changes

    Advice to ManagementAdvice

    none

    Recommends
    Positive Outlook
    Approves of CEO
  11. 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

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