CIT
2.9 of 5 103 reviews
www.cit.com New York, NY 1000 to 5000 Employees

CIT Reviews

Updated Mar 22, 2014

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2.9 103 reviews

                             

81% Approve of the CEO

CIT Chairman and CEO John A. Thain

John A. Thain

(42 ratings)

42% of employees recommend this company to a friend
14 Employee Reviews Back to all reviews
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Bad employer (Mexico's office)

Anonymous Employee (Former Employee)

I worked at CIT

ProsWithout much workload
Respect the work schedule
Activities for employees

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

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All about facetime

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

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

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

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this company is broken.

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

I have been working at CIT as a contractor for more than 8 years

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

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Worst IT experience and work environment

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

I worked at CIT as a contractor for less than a year

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.

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Experience depends on the department

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

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

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

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No direction - bad place for women

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

I have been working at CIT full-time for more than 5 years

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

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Hostile IT work environment in survivor mode.

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

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

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

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stagnant. Oppresive working atmosphere.

Originations (Current Employee)
Jacksonville, FL (US)

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

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

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Not the same company anymore

Anonymous Employee (Former Employee)

I worked at CIT

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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Hierarchies and fiefdoms; bureaucratic, stifling with no opportunity for innovation

VP+ (Current Employee)
Livingston, NJ (US)

I have been working at CIT full-time for less than a year

ProsPay... maybe. CIO is new, and there's hope.

ConsStifling, bureaucratic, extreme administrative overhead. People cannot seem to execute on new. Stuck in hierarchy and fiefdoms. The market they're in is rife with opportunity but the "guard" stops any innovation in it's path. Antiquated infrastructure with zero tools for collaboration.

Advice to Senior ManagementClean house.

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

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Glassdoor is your free inside look at CIT reviews and ratings - including employee satisfaction and approval ratings for CIT CEO John A. Thain. All 14 reviews are posted anonymously by CIT employees.