CIT
2.9 of 5 106 reviews
www.cit.com New York, NY 1000 to 5000 Employees

CIT Reviews

Updated Apr 20, 2014
All Employees Current Employees Only

2.9 106 reviews

                             

82% Approve of the CEO

CIT Chairman and CEO John A. Thain

John A. Thain

(44 ratings)

43% of employees recommend this company to a friend
106 Employee Reviews
Relevance Date Rating
in

Review Highlights

Pros:
  • "Good salaries and flexible work/life balance in general"
    in 10 reviews
  • "Good benefits package and reasonable work/life balance depending on role"
    in 12 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
  • Show more review highlights

Reviews

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

 

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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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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A company on the rise with strong history

Director (Current Employee)
New York, NY (US)

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

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

ConsThis 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 Senior ManagementRemember 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.

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

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Good Team

Financial Analyst (Current Employee)
New York, NY (US)

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

ProsGreat people, reasonable hours (not IB hours)

ConsCIT has terrible IT systems

Advice to Senior ManagementNone

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

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Treasury

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

I worked at CIT full-time for more than 8 years

ProsIt was a finance job in NJ

ConsIt was never the same post bankruptcy

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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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Great experience, but limited mobility

Vice President (Current Employee)
Charlotte, NC (US)

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

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

ConsLimited mobility, both upward and lateral.

Advice to Senior ManagementSupport cross functional development of employees and open avenues for advancement.

Yes, I would recommend this company to a friend

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2 people found this helpful  

Only vampires covet "Fresh Blood"

Director (Former Employee)
Livingston, NJ (US)

I worked at CIT full-time for more than 3 years

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

ConsWhere 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 Senior ManagementWhy bother? They could care less about anything other than their bonus checks.

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

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Like working for government in private sector

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

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

ProsGood hours
Decent benefits
Good location
Good on resume

ConsCompany going nowhere
Pay is like government pay

Yes, I would recommend this company to a friend

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VP

Vice President (Former Employee)
Chicago, IL (US)

I worked at CIT full-time for more than 3 years

ProsVery fast pace, Intelligent people, good compensation

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

Advice to Senior Managementnone

Yes, I would recommend this company to a friend – I'm 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 106 reviews are posted anonymously by CIT employees.