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

CIT Reviews

Updated Apr 02, 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
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Amazing

Project Coordinator (Former Employee)
Burlington, ON

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

ProsCIT 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.

ConsCIT 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 Senior Managementmake it more interesting to work there

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Good place to work

Senior Accountant (Former Employee)
Livingston, NJ (US)

I worked at CIT full-time for more than 5 years

ProsEnergetic, smart, upward, profitable, moving forward

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

Advice to Senior ManagementValue

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Fresh Blood Driving Top-Down IT Transformation

Anonymous Employee (Current Employee)

I have been working at CIT

ProsWhat 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.

ConsHQ 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

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Great Company

Intern (Former Employee)
Jacksonville, FL (US)

I worked at CIT as an intern for less than a year

ProsWell-paid for an intern, great experience, very good management.

ConsSome of the people are difficult to work around.

Advice to Senior ManagementBring in more effective employees for operations. Difficult to work while so many employees are so negative toward/about one another

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Great team environment

Anonymous Employee (Former Employee)

I worked at CIT full-time

ProsGreat culture
Ability to work for and with highly skilled individuals
Merit driven appreciation, not political
Employees treated with respect, equitable
High growth potential
Overall great place to work and grow professionally

ConsOperations could be more efficient, updated
Funding resources

Advice to Senior ManagementHelp streamline process and execution. You have outstanding employees. If you can give them the tools to drive faster execution, sky's the limit for CIT.

Yes, I would recommend this company to a friend

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CIT Rail rewards results, takes risks promoting internal candidates to new opportunities.

Vice President (Current Employee)

I have been working at CIT full-time

ProsWith an established practice of hiring internally to fill top positions and filling lower positions externally, CIT Rail is an excellent place to grow and have a career.

CIT Rail is very difficult to get into, the compay hires only the very best and brightest people it can find so you're always working with people you can respect and that respect you. Fit (group dynamic) is just as important as formal qualifications in the interview process so it's actually a fun environment to work in.

CIT Rail managment respects work life balance, I work very reasonable hours and as long as my work gets done very well, my manager allows me a lot of freedom with my time.

ConsThe onboarding process at CIT can be a bit slow, but it's definitely worth the wait.

When everyone on your team is smart, hard working, and looking to impress it can be difficult to stand out. Managment is cognisant of the fact that its working with the cream of the crop, expectations are very high but accomplishments are definitely rewarded.

CIT has become a bank holding company. For those of us who were here before, the environment feels more tightly controlled, less free, more guarded. I've heard from others who worked at other banks before or who have since moved to other banks, CIT Rail feels more laid back and relaxed than other banks though it is adequately controlled.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Financial Systems avp

Assistant Vice President (Current Employee)
Livingston, NJ (US)

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

Prosgreat people, great opportunities, awesome

Consoverall none. a great place

Advice to Senior Managementkeep up the great work

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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My experience at CIT has been satisfactory

Anonymous Employee (Current Employee)

I have been working at CIT

ProsGood benefits and flexible scheduling

ConsCommunication from Senior mgmt could be better

Yes, I would recommend this company to a friend

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joined in an acquisition and was given every opportunity by CIT management.

Anonymous Employee (Former Employee)

I worked at CIT

Prosleader in the industry, excellent compensation and incentive, retired in 2009

Consprior management torpedoed the company, company has been crippled by regulators and losses

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Great Place to Work

Anonymous Employee (Former Employee)

I worked at CIT

ProsWish they were still open. Excellent place to work. Very supportive from upper to mid management.

Constoo bad they closed
technology was poor but they were making improvements

Advice to Senior Managementno advice

Yes, I would recommend this company to a friend

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