Citco reviews

3.4

59% would recommend to a friend

(3,579 total reviews)

Christopher Smeets

66% approve of CEO

60% positive business outlook

Citco has an employee rating of 3.4 out of 5 stars, based on 3,579 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
Nov 18, 2017

Stay Away. Run if you get an offer

Recommend
CEO approval
Business Outlook

Pros

depends on the team you are in

Cons

Poorly managed company. No work life balance. Employees pushed to their limits. Senior management not willing to accept their mistakes even after a huge turnover of employees within a short span from Toronto office alone. No pay for performance. Bad promotion decisions, some managers and VPs are incapable to be people managers. Bonuses quite less as compared to the industry. Occasional work from home not even an option. The list goes on....

2.0
Jun 27, 2017
Recommend
CEO approval
Business Outlook

Pros

- Monthly free breakfast/birthday cakes. Free beer (if you drink) - Taxi chits if you work late - Casual dress code - You do get paid for OT - Recruiting process was very smooth - Mentorship system for those trying to get their accounting designations; I never took advantage of this though. - Convenient location by Bloor-Yonge Station - Citco throws pretty dope parties.

Cons

- You will be shamed if you leave before 6:30. During my exit interview, I brought this up with the HR Rep and she fully agreed that this is an ongoing issue with Citco. You will have very little work-life balance. At one point because of custody issues, I was regularly working 65-80 hours a week. Our VP then told us that our hours would soon be shifting to a regular 37.5-45 hour work week but even when that happened, we would be talked to for leaving on time. Had an intern, I repeat, an intern, working 50-60 hours regularly. That is absolutely ridiculous. Also had a friend (she quit) whose Managers timed her lunch breaks to the minute. - Ridiculous turnover. I have worked for various firms in the financial services industry and I have never seen such quick turnover. People burn out or get frustrated with senior management. - VPs and Managers don't commit to the promises that they make. When you say you're going to do something for your team like provide them with additional help/training, commit to it. Otherwise, we get frustrated. I had an amazing Manager who quit because of how frustrated he was. Team morale quickly went downhill. - Expect to get blamed/shamed when you don't know how to do something or even when you ask for help. You WILL get blamed for something that's out of your control frequently. It happened to me. It happened to my teammates. And it certainly happened to many individuals on my floor. - Below average pay compared to the industry but it's balanced by the benefits.

1.0
Jan 9, 2018

Analyst

Recommend
CEO approval
Business Outlook

Pros

Decent benefits, beer after 5, decent exposure to hedge funds industry as a whole. It really cannot fill twenty words

Cons

DO NOT COME HERE. The hedge fund industry is dying and Citco can only remain competitive by cutting salary costs as much as possible. Wished I hadn’t come here in the first place, having been exploited since the start.

avatar
Citco Response
8y
Dear Employee Thank you for taking the time to post a review. I appreciate that you listed gaining exposure to hedge funds as a pro. However, it is unfortunate that as a current employee that that you are unable to list more pros and instead choose to focus on the negatives. As you are aware, last summer we conducted a global engagement survey which had 94% participation. The leadership has taken the participation and responses very seriously. And as you are also aware, business leaders conducted a MyVoice Summit to focus on the 4 top themes globally (Pay4Performance being one of them). As a company we are working towards addressing concerns expressed throughout our global organization. Thank you for taking the time to share your feedback. Regards Executive Vice President, HR Operations Canada
Viewing 334 - 336 of 3,579 Reviews

Glassdoor has 3,714 Citco reviews submitted anonymously by Citco employees. Read employee reviews and ratings on Glassdoor to decide if Citco is right for you.