CIT

  www.cit.com
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CIT Reviews

Updated Jun 11, 2014
All Employees Current Employees Only

2.9 114 reviews

80% Approve of the CEO

CIT Chairman and CEO John A. Thain

John A. Thain

(49 ratings)

42% of employees recommend this company to a friend

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)

15 Employee Reviews Back to all reviews
Relevance Date Rating
in

     

    Bad employer (Mexico's office)

    Anonymous Employee (Former Employee)

    ProsWithout much workload
    Respect the work schedule
    Activities for employees

    ConsVery bad management
    No training for employees
    Directors with little experience and poor training

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Nice People! But a very unpleasant place to work!

    Senior Vice President (Former Employee) New York, NY (US)

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

    Cons1) 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    3) The firm's offices are 20 years out of date and the office equipment and offices are a wreck.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    7) The firms finance, risk, credit and other policies and procedures are very outdated.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 Senior ManagementI 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!

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
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    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    All about facetime

    Human Resources (Former Employee) Livingston, NJ (US)

    ProsCIT is a large global financial institution across several markets--good opportunities to grow. Headquarters are in NJ but in NYC as well.

    ConsAll about the facetime - work life doesn't matter to mgmt as this company is typically a vacation away from the more competitive banking. While everyone has laptops, old school mgmt looks down if there are empty seats at 6 pm even on Friday nights in the summer

    Advice to Senior ManagementNeed a better career proposition to keep strong talent other than ' these hours are better then Merrill'

    No, I would not recommend this company to a friend

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    this company is broken.

    IT Consultant (Current Employee) Livingston, NJ (US)

    Pros-good cafeteria - good food and good people work there.
    -foosball table.

    Cons-no moral compass.
    -the good people have left already or are leaving.

    -this was once a good company but senior management team broke it and continue to drive this ship in the dirt with reckless abandon.

    Advice to Senior Management“...people will forget what you said, people will forget what you did, but people will never forget how you made them feel.”

    ― Maya Angelou

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
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    • Senior Management
    • Comp & Benefits
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    Worst IT experience and work environment

    IT Consultant (Former Employee) Livingston, NJ (US)

    ProsSeriously can't think of anything. Maybe the onsite cafeteria

    ConsUpper management does not listen to recommendations or potential road blocks for projects. The transition within IT was not well planned. Internal dept communication is terrible as well as overall direction. This is pretty much the worst work experience I have had.

    Advice to Senior ManagementChange the overall leadership and try again.

    • Culture & Values
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    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    4 people found this helpful  

    Experience depends on the department

    IT Developer (Current Employee) Livingston, NJ (US)

    ProsGreat Leadership if you are in the finance departments. John Thain really is a visionary and brilliant manager. Good salaries and flexible work/life balance in general.

    ConsTerrible IT leadership. The CIO brought in 10 managers from UBS to secretly offshore/outsource the IT staff. They are killing morale and destroying the ability of the IT staff teams to deliver on any projects. One manager is dumber than the next and they are only focused on their bonuses. I've never worked for a company where EVERYONE in IT that wasn't a manager was looking for a job - It's incredible and really sad since you have some great people in the organization.

    Also very tough for women to work under this crew. They really think it's 1970 - You wouldn't believe the wildly inappropriate comments that come out of this UBS crew.

    Advice to Senior ManagementFire the lot of them and put in IT management that actually cares about the overall corporate goals and isn't trying to get around labor laws by driving out the existing staff.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    1 person found this helpful  

    No direction - bad place for women

    Vice President (Current Employee) New York, NY (US)

    ProsGreat mid-level management team. Good benefits package and reasonable work/life balance depending on role.

    ConsNo strategic direction. Disturbingly high number of senior executives without requisite skill set to perform effectively. Token female representation in leadership team. Senior women often pushed aside to provide development opportunities for men. In general, lip service paid to employee development.

    Advice to Senior ManagementExecutive management needs to be rebalanced with experienced bank managers.

    Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
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    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Hostile IT work environment in survivor mode.

    Vice President (Former Employee) Livingston, NJ (US)

    ProsMy particular group was fantastic, but almost all either left or were let go. The only good news is that they gave me an excellent package and large bonus, but I can only assume that this will be changed soon, so don't count on it. The new CIO brought in some good directors, but let all the worker bees go. Now what did that cost?

    ConsThe IT department is a hostile work environment. There are people there who can only be described as needing medication. Processes date from the 80's. There is a Mainframe mentality. May I quote : "What's wrong with mainframe?". This company is in survivor mode after going through a bankruptcy.

    Advice to Senior ManagementDo some 360 feedbacks. You have not got a clue who your best people are and are not.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

    1 person found this helpful  

    stagnant. Oppresive working atmosphere.

    Originations (Current Employee) Jacksonville, FL (US)

    Prosdecent med and dental benefits. Nice coworkers. Good central location in Jax Fl. Decent shift work. Close to shops and restaurants.

    ConsLow morale. Little or no advancement opportunities. Absentee mgmt. Bonuses unfairly distributed.

    Advice to Senior ManagementTo Corp in NJ I say start fresh with Jax mgmt from top to bottom. Train your mgrs. Stop tge nepotism in hiribg and promotion process. Fire HR Mgrs. Curent staff does not want to get involved in employee complaints. They rat you out! You get black-balled.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • No Opinion of CEO

     

    Not the same company anymore

    Anonymous Employee (Former Employee)

    ProsHas good medical and dental benefits

    ConsSince the new CEO and CIO joined the company, many re-organizations have occurred and jobs impacted. Didn't take the time to assess talent and move individuals to different positions.

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