Citco reviews

3.4

60% would recommend to a friend

(3,566 total reviews)

Christopher Smeets

66% approve of CEO

61% positive business outlook

Citco has an employee rating of 3.4 out of 5 stars, based on 3,566 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Citco employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

4K reviews
1.0
Mar 2, 2018

Awful place to work

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Other than free drinks (I don't drink) there are honestly no pros to this place. It is a terrible place to work.

Cons

The senior management is a joke and the work is more important than the safety of their employees. No matter how bad the weather or roads are I hope you don't plan on leaving early cause you won't be allowed. They claim they give bonuses but what they fail to tell you is that it is for supervisor and above.

1.0
Jun 7, 2017
Recommend
CEO approval
Business Outlook

Pros

Colleagues. Dinner and drinks available. Car service.

Cons

Layoffs. Cliques over performance. Dishonesty.

avatar
Citco Response
8y
Dear Employee: As one of the Managing Directors in the Jersey City office, I want to thank you for sharing your views and concerns. Our employee’s opinions are important to us; which is why we have rolled out the MyVoice survey and ensured confidentiality. We want your honest feedback to address key issues. Hearing from our staff through the survey will help Senior Management to evaluate and improve our organization. Our people and their dedication to Citco is what truly sets us apart and key to our continued success. Senior management remains committed in its continued efforts to communicate with staff and create a positive work environment. We schedule town hall meetings several times in the year and share with our employees as much as possible as to the direction of the organization and the office. We endeavor to continue to be as transparent as possible with everyone. We will continue to experience change as Citco is evolving to meet the needs and the expanding requirements of our clients and the industry. We have a strong and supportive local management team and as a whole share a common goal which is to be respectful, sensitive and compassionate to all our employees. I hope you can find the time to speak with one of our local managers or HR so we can work together to continue making positive changes in Jersey City.
1.0
Nov 27, 2019
Recommend
CEO approval
Business Outlook

Pros

The base salary is decent, but the bonuses are small (and they don't disclose the target percent up front).

Cons

With the exception of a small handful of people, they consider work force a fungible asset. For the people who do stay, you are completely at the mercy of senior management's whims. I was reorganized to report to a new supervisor without being told--I don't mean I wasn't told prior; I mean wasn't told weeks after-the-fact until I noticed a new org chart. I had headcount included in my budget only to be told (and this was after I had interviewed several people) that my supervisor had used up that headcount to hire someone he worked with previously who was looking for work. The supervisor invented a new position for that person and never told me he had used up headcount in my budget to do so. This is, by leaps and bounds, the biggest boys club I've ever seen. Managers would talk openly about female employees' and their looks, stare at women as they walked by, and categorize female employees into one of two categories: good looking but not good at their jobs, or not good looking but good at their jobs. Once a senior manager sent an internal email to the entire office that include a joke about a specific employee watching porn. The hierarchy here isn't just rigid, it's practically religious. Someone with a higher job title could assign you tasks and you were expected to perform them simply because if their position on the org chart--it didn't matter if you didn't report to this person or even if he was in an entirely different org. In order to save cost, the main office was in Jersey City, but if you were senior management, you sat in an office in Midtown. So management literally sat in a different city from the people who reported to them.

avatar
Citco Response
6y
This is not the Citco I recognize and indeed goes completely against our values. We are committed to creating a comfortable, transparent and collaborative environment for all our employees so I am disappointed to hear about some of your experiences. We see all feedback as an opportunity to improve, so thank you for leaving your feedback.
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