CIT Reviews

Updated 24 October, 2014
Updated 24 October, 2014
130 Reviews
2.8
130 Reviews
Rating Trends

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

Review Highlights

Pros
  • Depending on which department you are in, you usually have a great work life balance (in 15 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

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  1.  

    Horrible Company

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at CIT

    Pros

    Really can't think of any other than the benefits. Nothing good to say about this company.

    Cons

    This company has been under a constant restructure since I started working there in 2008. Management keeps putting employees in new positions without giving them a choice in the move. They can't get any process to work so they keep switching gears while putting the employees thru hell. The pay is lower than other companies. Corporate politics and culture is highly toxic. Management fuels a hostile work environment.

    Advice to ManagementAdvice

    Close the doors go out of business since that is where you are heading.

  2. 1 person found this helpful  

    Terrible place to work

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

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

    Pros

    If you work in the Livingston office, it's an easy commute for those in nearby suburbs who have a car. If you live in NYC and don't have a car, it's a train and then a 20 minute cab ride, because Livingston is not near any form of public transportation.

    Cons

    Some very talented employees, but many managers are inept in their ability to manage staff. Some are rude and disrespectful. HR dept is dysfunctional. Good performance not rewarded financially. Constantly chasing meaningless metrics. Outdated technology; company is still using Internet Explorer 8.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  3.  

    Solid experience at CIT -

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

    I worked at CIT as an intern (less than an year)

    Pros

    Smart nice people, certain divisions growing really fast. The CEO has done a good job of growing the company. The corporate culture is hard working but definitely not crazy.

    Cons

    In certain division, disorganized but people have good spirits about it. Certain divisions don't seem too busy but some are overworked.

    Advice to ManagementAdvice

    Get some wins and hire more -

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at CIT as an intern

    Pros

    Great Employees, work life balance

    Cons

    Didn't get hired because of budget issues after spending a year plus with the company

    Recommends
    Approves of CEO
  6. 2 people found this helpful  

    Poor environment where people are not valued, only the perception on the street is valued

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

    I have been working at CIT full-time (more than 10 years)

    Pros

    Pay - they overpay their new employees

    Cons

    -management would rather see employees leave then reward existing employees
    -no career path
    -constantly starting new projects without managing capacity
    -only focusing on the present, no long-term view and no leadership skills on the management team

    Advice to ManagementAdvice

    Abandon the acquisition strategy and focus on people and processes. Without fixing the core problems, CIT will always be a mediocre company at best.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7. 1 person found this helpful  

    AVP; jump ship if possible

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

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

    Pros

    Decent benefits; friendly enough people, though most are just as non-stoked to (still) be at CIT as you are.

    Cons

    Terrible morale. Relatively low compensation compared to other banks. Constant stream of layoffs and people quitting (at least through 2012 & 2013).

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8. 1 person found this helpful  

    Great HR, benefits package but IT Management- recycled failures from other financial institutions

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

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

    Pros

    Great HR, Benefits, etc... A great place to just collect a paycheck, if you have no drive or career goals.

    Cons

    Just a paycheck with ZERO career opportunity unless you previously worked with and are friends with the current (former failed BOA IT managment) now in place.

    Advice to ManagementAdvice

    None...

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  9.  

    Was a good place to work for may years but last 12 month were very difficult due to wind down of operations

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

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

    Pros

    Due to wind down there are currently no pros.

    Cons

    Company n wind down, therefore no opportunities.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  10.  

    Great place to work

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

    I have been working at CIT full-time

    Pros

    CIT Group is a great Company to work for. Management is very dedicated to training younger employees. They go over and beyond to help new analyst. Depending on which department you are in, you usually have a great work life balance.

    Cons

    Company is in a transition right now, limited growth.

    Advice to ManagementAdvice

    Keep up the training, it shows you are dedicated toward your employees.

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Was a great company to work for several years ago.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at CIT

    Pros

    At one time seemed very interested in development, training, and advancement of employees. May not be too far gone to get some of that back.

    Cons

    In the past year or two, Integrity and honor seems to have been replaced by the typical big bank "everyone is replaceable at any moment for any reason" stance. Pays well but certainly isn't a stable work environment.

    Advice to ManagementAdvice

    Nothing. The decisions coming from executive row seem to be made in a vacuum, at least with regards to working conditions or employee relations.

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