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CIT Group

REIT - Real Estate Investment Trusts



GENERAL INFO

Headquarters: New York, NY
50 offices
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NEWS AND UPDATES

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Vault's Scoop

Uppers

  • "Opportunities for advancement are great, and continued education is encouraged for those looking to advance further"
  • Reasonable hours, and "face time is nonexistent"

    • Downers

  • Diversity with respect to women could be improved - "there are not as many women in upper management as there used to be"
  • Average compensation
    • Gold Member Content

    ABOUT THIS COMPANY:

    All inclusive

     

    CIT Group provides financing and related services to just about everybody, from small businesses to the world's largest multinational corporations. With finance products ranging from acquisition financing and asset management to venture capital and vendor financing, CIT operates across 30 industries in 50 countries, including North America, Europe, Latin America, Asia, Australia and New Zealand. The company, which itself is ranked No. 306 on the Fortune 500, does business with a majority of the Fortune 1000 companies and, by the end of 2007, managed over $80 billion in assets.

     

    CIT's business can be broken down into four main segments. Corporate finance provides lending, leasing, and other financial and advisory services to middle-market companies, with a focus on specific industries, including health care, energy, communications, media and entertainment. The trade finance division provides factoring and other trade and financial products to companies in the retail supply chain. Transportation finance provides lending, leasing and other banking services to the rail as well as aerospace and defense industries. Vendor finance provides financing solutions to manufacturers, distributors and other intermediaries, including Avaya, Dell, Microsoft, Snap-on and Toshiba.

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    From the Community


    Gold Member Content

    REVIEWS


    Inside opinions that matter, collected by Vault from employees at companies around the world.

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    Are you currently working for CIT Group or have been an employee in the past?

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    Gold Member Content

    SALARIES


    CIT Group salary & compensation reviews include all signing and year-end bonuses, vacation time and other perks and reimbursements that make up total compensation.

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    Gold Member Content

    SURVEY SAYS


    Still evolving

    The CIT environment is "collegial and performance-oriented," but one source says the company is "still trying to figure out its culture, which is not an easy task since it is an international corporation." "Evolving and varied" is how one longtime employee describes CIT. "A new CEO came in about four years ago and has surrounded himself with executives hired from the outside. The company is pretty decentralized, so I think that the culture is more regional as opposed to corporate. I also think the culture is perceived differently by those who were with the company prior to the new CEO's arrival because they have a basis for comparison."




    DISCUSSIONS


    New Topic: will CIT survive?
    when does CIT run out of cash? …

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    CIT Group Perspective

    YOUR CAREER AT CIT Group

    1) The best training in the industry.

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    Getting Hired



    Gold Member Content

    Tips from the inside

    Getting more selective

    CIT recruiters "are a bit choosy," sources say, and they're "looking for individuals who fit into their puzzle and have long-term goals." Selectivity can vary by department; one woman in portfolio management says, "My department is very specialized, so only those with thorough knowledge and the ability to adapt quickly are chosen. Other departments are less stringent." Overall, though, insiders believe the firm's standards have gotten higher in recent years. "It used to be much easier" to land a job at CIT one employee opines.


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