Not a company you want to work at unless you're fresh graduates - Senior Fund Accountant Citco Employee Review

1.0
Sep 23, 2014
Recommend
CEO approval
Business outlook

Pros

free drinks and beers. But recently the quantity of beers is reduced as well. Simple work and pretty much repetitive so good for fresh graduates without experience. Strategic location and easy to get by subway. There are some good people here.

Cons

BELOW AVERAGE SALARY. Depending on which group you're in, it can be difficult to work with the supervisors or managers..either mean or unprofessional. Some never learn the meaning of "respect". They blame on your work if there are errors while neglecting they have some lousy part in doing the reviews. Almost impossible to move to other departments or groups. There is no work life balance. They expect you to over time. If you dont, it will reflect negative in your performance review that you dont make effort. It was a gruesome long hours and adding the last incident where they wiped the whole department and dumped the jobs to all senior/fund accountants. Workload kept increasing and they demanded you to take more responsibilities (force you to sign secondment) but nothing reflected on your compensation. Work hard for the company and received only 1000 bonus by end of the year despite all the long hours spent and received praised emails from internal and external clients. Manager tampered with your performance review to make sure you didnt get a good raise despite all the proven emails AGAIN from internal and external clients praising your excellent job! Manager only gave "good" performance (rating 3). Rating 1-5 with 1 is poor 5 is excellent. When question why the answer was like that he said he never gave more than 3. Politics here is pretty thick not very obvious unless you have been a while with the company. If you close to certain top people you can get promoted so it's not really based on your performance. Here maybe the reason for poor spv/mgr. Recent trend: BEWARE Citco is CUTTING cost everywhere. They wiped 2 departments and you can see here and there lacking. They get rid of long time employees and replace them with newer cheaper less knowledgeable employees. While I understand the strategy, it's really DIRTY how they do this. They basically questioning those employees about their work and told them they have performance issues. Yeah right after 5-7 years of work. Force them to silently quit with lots of unnecessary pressures. If you persevere and finally fired, they force you to sign a letter that basically you cant sue them. Why dont they just give a compensation package if they want them to leave rather than unpleasant doings. Disgusting!

Explore other reviews about Citco

5.0
Dec 29, 2025
Recommend
CEO approval
Business outlook

Pros

Overall is good. Multicultural environment

Cons

Ntg to say, need to meet tight deadlines sth

avatar
Citco Response
4mo
Thank you for the 5 star review. We appreciate you taking the time to provide feedback so we can understand more about your time with us. Wishing you all the best.
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
2mo
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.
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