Avoid at all costs - Anonymous employee Citco Employee Review

1.0
Apr 15, 2017
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Overtime pay, free beer and drinks in pantry, semi new offices, decent salary, really nothing else that is a pro.

Cons

Management is terrible. No clear path for upward promotion and very little to learn at Citco in FSR. You are another warm body in a seat churning out as much work as possible - you are essentially a glorified administrative assistant in FSR where you look at spreadsheets and process changes until your eyes begin to glaze over. Very poor culture stemming from management being very far removed from plebeian low level workers. Also awkward dynamic of hiring usually poor performing temps to hire and also former Big 4 employees at the same time. No camaraderie whatsoever. Extremely high turnover that management does absolutely nothing about - it's sad when a small company such as Citco has higher turnover than a big 4. Also because of the high turnover I am pretty sure they give offers to 98% of the people that show up to interview. Do not let the allure of "summer Fridays" and free beer fool you.....truly not worth it.

avatar
Citco Response
9y
Dear Anonymous It is unfortunate that you weren’t able to remain with the organization for a period of a year or more. If so, you would have seen that management does review the efforts of all staff and rewards its strong performers with a promotion. These are processed twice per year. We have a high retention rate within our FSR staff and what may have been perceived as turnover could be a result of our terminating a temporary staff contract. Our office does not have many resignations but we do have some not unlike any company. Our turnover rate is below market expectations. We are sorry to hear that your experience with the organization was not a positive one. We attempt to acclimate our new hires in a way that minimizes their feeling overwhelmed as we know the process is complex and at times tedious. Some individuals may be inclined to take ownership of the role and excel doing so, while others appreciate our patience in training and developing them to meet our quality standards. We also acknowledge that some of the responsibilities held by staff within FSR may not be initially challenging, but the role that our temps fulfill are necessary for the continued success of our organization. We have experienced great success in transitioning individuals from temp roles to full time employment and certain of those individuals have been promoted and are vital to our organization today. We appreciate your feedback and will take note of your comments related to team dynamics. The last and first quarter of a calendar year are quite demanding due to client mandates, however we attempt to offer various outlets for staff and their teams to socialize and have interaction outside of their daily job responsibilities. We continually look to improve and create new opportunities for staff and teams to engage and grow professionally. All the best in your future career endeavors.

Explore other reviews about Citco

5.0
Apr 8, 2026
Recommend
CEO approval
Business outlook

Pros

Great work culture and energy from people

Cons

Work can become tedious at times

avatar
Citco Response
1mo
Thank you for the 5 star review, It is great see you experiencing our work culture and the camaraderie you have with your colleagues. We would also encourage you to explore more internal communication channels available to you to address your specific concerns. Thank you for sharing comments and for the 5 star review!
4.0
Mar 23, 2026
Recommend
CEO approval
Business outlook

Pros

Its best to work here for a few years and gain experience elsewhere.

Cons

Company went from 2 days on-site to now 3 days on-site, i dont mind it but this company has low morale and all the employees are sick of this place now. If you want a high salary but no opportunity to advance this is the place for you. 80% of the company is senior level and no room for growth or promotional opportunities.

avatar
Citco Response
1mo
Thank you for the 4 star review. We strive for work life balance with our hybrid working policy, working in the office as a team contributes to our collaborative ethos in Citco. We would also encourage you to explore more internal communication channels available to you to address your specific concerns.
See reviews by: Helpful|Rating|Date|All