Working At CIT Group

Zippia Score 4.8
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CIT Group Overview

Industry
Banking Financial Services
Revenue
$2.3B
Headquarters
New York, NY
Employees
3,678
Founded In
1908
Website
www.cit.com
Organization Type
Public
Founded in 1908, CIT (NYSE: CIT) is a financial holding company with more than $35 billion in financing and leasing assets. It provides financing, leasing and advisory services to its clients and their customers across more than 30 industries. CIT maintains leadership positions in middle market lending, factoring, retail and equipment finance, as well as aerospace, equipment and rail leasing. CIT also operates CIT Bank (Member FDIC), its primary bank subsidiary, which, through its online bank BankOnCIT.com, offers a variety of savings options designed to help customers achieve their financial goals. cit.com CIT is headquartered in New York City. View our Corporate Video www.cit.com/about-cit CIT Bank Founded in 2000, CIT Bank (Member FDIC, Equal Housing Lender) is the U.S. commercial bank subsidiary of CIT Group Inc. (NYSE: CIT). It provides lending and leasing to the small business, middle market and transportation sectors. CIT Bank (BankOnCIT.com) offers a variety of savings options designed to help customers achieve their financial goals. As of December 31, 2013, it had more than $12 billion of deposits and over $16 billion of assets. cit.com/CITBank Corporate Finance provides lending, leasing and other financial and advisory services to the middle market with a focus on specific industries, including: Aerospace & Defense, Business Services, Communications, Energy, Entertainment, Gaming, Healthcare, Industrials, Information Services & Technology, Restaurants, Retail, and Sports & Media. Trade Finance is one of the nation's leading providers of factoring and financing to consumer product companies. We tailor commercial financial solutions that help companies of all sizes increase sales, improve cash flow, reduce operating expenses and eliminate customer credit losses. Transportation Finance is a leading global aircraft lessor and the third largest U.S. railcar lessor. Our commercial finance services also include lending and leasing services to the transportation industry, principally the aerospace and rail. Vendor Finance a leader in developing commercial finance solutions for small businesses and middle market companies for the acquisition of equipment and value added services. We create tailored equipment financing and leasing programs for manufacturers, distributors and product resellers across industries that are designed to help them increase sales. Through these programs, we provide equipment financing and value-added services, from invoicing to asset disposition, to meet our customers' needs.
The staff at CIT Group come from unusually diverse demographic backgrounds. The company is 45.4% female and 41.6% ethnic minorities. Despite its diversity in other areas, CIT Group employees are noticeably lacking in political diversity. It has an unusually high proportion of employees who are members of the Democratic Party, at 77.0%. Employees seem to enjoy working in an otherwise diverse workplace that is dominated by members of the Democratic Party. CIT Group has great employee retention with staff members usually staying with the company for 4.9 years. The average employee at CIT Group makes $92,061 per year. Pay at CIT Group is significantly lower than some of its highest paying competitors, like KKR & Co. L.P., BNP Paribas, and Credit Suisse, which pay $116,284, $110,415, and $109,075, respectively.
A large finance company with 3,678 employees and an annual revenue of $2.3B, CIT Group is headquartered in New York, NY.

The Organization’s Mission

To be the leading global finance company, driving economic growth and creating opportunities for businesses and people around the world.

3.0/5

Employee Reviews

Based On 2 Ratings

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Average Salary
$92,061 yearly

CIT Group Reviews

Employee Reviews

4.8/5
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Employee Reviews

3.0
Nov 2020
Pros

The people. Flexibility

Cons

Salary. No growing opportunity.

Benefits

I love getting bonuses every year.

3.0
Mar 2019
Pros

Great people , stable company

Cons

Outdated infrastructure no room for advancement

Benefits

PTO

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Salary and Benefits
Management
Work Environment
Diversity and Inclusion
Career Opportunities

The Culture At CIT Group

Information provided by the company

The Team At CIT Group

Key People

Ellen R. Alemany

Henry Ittleson

CIT Group Rankings

CIT Group is ranked #52 on the Best Finance Companies to Work For in New York list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

Read more about how we rank companies.

CIT Group Salaries

9.2
Salary Score
The national average salary for a CIT Group employee in the United States is $92,061 per year. Employees in the top 10 percent can make over $159,000 per year, while employees at the bottom 10 percent earn less than $53,000 per year.
Average CIT Group Salary
$92,061
yearly
$44.26 hourly
Updated March 16, 2023
Average Employee Earnings
Morgan Stanley
$103,933
CIT Group
$92,061
BNY Mellon
$86,819
Citi
$75,483
The Vanguard Group
$71,689

Highest Paying Jobs At CIT Group

RankJob TitleAvg. SalaryHourly Rate
1Director$155,353$75
2Finance Vice President$143,348$69
3Vice President Of Information Technology$135,215$65
4Associate$128,782$62
5Senior Software Engineer$124,260$60
6Credit Officer$121,874$59
7Database Administrator$112,532$54
8Team Leader$109,355$53
9Job Developer$107,674$52
10Software Developer$106,911$51
11Systems Administrator$102,267$49
12Customer Relationship Specialist$100,932$49
13Supervisor$98,844$48
14Underwriter$98,071$47
15Finance Analyst$97,878$47
16Account Executive$95,917$46
17Network Engineer$95,511$46
18Credit Analyst$93,445$45
19Field Examiner$92,863$45
20Account Manager$87,353$42
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CIT Group Diversity

9.8
Diversity Score
We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce.

CIT Group Gender Distribution

Male
Male
55%
Female
Female
45%

Research Summary. Using a database of 30 million profiles, Zippia estimates demographics and statistics for CIT Group. Our estimates are verified against BLS, Census, and current job openings data for accuracy. After extensive research and analysis, Zippia's data science team found that:

  • CIT Group has 3,678 employees.

  • 45% of CIT Group employees are women, while 55% are men.

  • The most common ethnicity at CIT Group is White (58%).

  • 16% of CIT Group employees are Hispanic or Latino.

  • 11% of CIT Group employees are Black or African American.

  • The average employee at CIT Group makes $92,061 per year.

  • CIT Group employees are most likely to be members of the democratic party.

  • On average, employees at CIT Group stay with the company for 4.9 years.

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CIT Group Employee Political Affiliation

CIT Group employees are most likely to be members of the Democratic Party. The largest donation made to a political party by a CIT Group employee was by John Thain. John Thain donated $169,800 to the Republican Party.

CIT Group

Parties

Democratic Party

77.3 %
-

Republican Party

22.2 %
-

Other

0.5 %
-
Employee Political Donations
NameJob TitlePartyDonation
John ThainChief Executive OfficerRepublican Party$169,800
David OrnerFinance ProfessionalRepublican Party$54,999
Jeffrey KnittelFinance Service SpecialistRepublican Party$32,500
LON GoldsteinGovernorRepublican Party$25,200
James HudakExecutive Vice PresidentDemocratic Party$12,032
James ShanahanSenior Vice PresidentDemocratic Party$9,792
Matthew GalliganExecutive Vice PresidentDemocratic Party$9,424
Robert RoweExecutive Vice PresidentDemocratic Party$8,710
Anthony DiazPresidentDemocratic Party$8,300
Raymond QuinlanExecutive Vice PresidentDemocratic Party$7,600
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CIT Group Employment Videos

Citi: 2014 Summer Analyst Offer Reception
The Employees of CIT Commercial Services - Charlot

CIT Group Financial Performance

9.9
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

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Highest Paying CIT Group Competitors

Some of the competitors of CIT Group are KKR & Co. L.P., BNP Paribas, and Credit Suisse. Employees at KKR & Co. L.P. earn more than most of the competition, with an average yearly salary of $116,284. The employees at BNP Paribas earn an average yearly salary of $110,415 per year, and the salaries at Credit Suisse average $109,075 per year.
RankCompanyAverage SalaryJobs
1KKR & Co. L.P.$116,28423
2BNP Paribas$110,415106
3Credit Suisse$109,07551
4AllianceBernstein$106,47487
5Morgan Stanley$103,9331,093
6Old Mutual$91,115120
7BNY Mellon$86,8191,324
8AIG$84,115646
9Financial Institutions$79,4900
10Elements Financial$77,91313
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Frequently Asked Questions about CIT Group

When was CIT Group founded?

CIT Group was founded in 1908.

How many Employees does CIT Group have?

CIT Group has 3,678 employees.

How much money does CIT Group make?

CIT Group generates $2.3B in revenue.

What industry is CIT Group in?

CIT Group is in the banking financial services industry.

What is CIT Group's mission?

CIT Group's mission statement is "To be the leading global finance company, driving economic growth and creating opportunities for businesses and people around the world."

What type of company is CIT Group?

CIT Group is a public company.

Who are CIT Group's competitors?

CIT Group competitors include Citi, Morgan Stanley, BNY Mellon, The Vanguard Group, KKR & Co. L.P., AIG, BMO Harris Bank, People's United Bank, AllianceBernstein, KeyBank, Bank of America, BNP Paribas, Financial Institutions, Old Mutual, Credit Suisse, Wells Fargo, Elements Financial, CoBank, Doral Financial Company, Delaware Investments.

Who works at CIT Group?

Ellen R. Alemany (Chairwoman and Chief Executive Officer of CIT Group)

Henry Ittleson (Founder)

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Updated March 16, 2023

Zippia gives an in-depth look into the details of CIT Group, including salaries, political affiliations, employee data, and more, in order to inform job seekers about CIT Group. The employee data is based on information from people who have self-reported their past or current employments at CIT Group. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by CIT Group. The data presented on this page does not represent the view of CIT Group and its employees or that of Zippia.

CIT Group may also be known as or be related to CIT, CIT GROUP INC, CIT Group, CIT Group Inc, CIT Group Inc. and Cit.