Citco reviews

3.4

59% would recommend to a friend

(3,580 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 3,580 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
Apr 12, 2017

Very bad company

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Free drinks. Good for your first real job out of school or your co-op.

Cons

Most of the people working here are highly illiterate. They people who work here have degrees just because they were able to essentially “buy” one. Only a handful of people are actually smart. Barely any of them have any intention of enrolling in a professional program (CFA, CPA etc) and improve their skills or become competent in general. While diversity is encouraged, most of the people (including managers of different ethnic groups) have a hard time communicating in English and this makes it very difficult if not impossible to understand them. If your boss is not a fluent in English or a native English speaker, good luck working here. People who work here are mostly rejects of good companies. All the good candidates are either hired by an accounting firm or by other large well known multinational institution sooner or later. So, it is the “leftovers” who end up joining, working and staying here. The company lied to me about my job description. Most of the work I perform are highly irrelevant with my job description. If you point it out, supervisors and managers will bring it up during performance evaluation and either fire you by bringing up other topics, or keep you in the same position. Working overtime throughout the year is the norm. Your boss will bombard you with questions if you dare to take time off no matter how bad your situation is. The workplace culture is severely toxic and getting promoted depends on both your and your supervisors/managers ethnic background. Be very aware of your coworkers and your boss as they would love to throw you under the bus anytime. To the people who are desperate for work, plan to work here for a year or two or less. The more time you will spend here after a year, the deeper you will fall in a trap. Do not believe you will get promoted or get a raise. It will certainly never happen. You will do a lot better working somewhere else. While working here, apply for as many jobs as you possibly can in different companies. You will soon realize that working at fast food isn’t as bad as you may think if you compare working in this company. The firm is very unprofessional and has a very dark future in my opinion.

avatar
Citco Response
9y
Dear Former Colleague: We take reviews by current and former employees very seriously and respect that they have their own perspectives on their work experience. However, we find it particularly concerning when reviews contain false information and are far removed from the values that our Company holds firmly – such as the strength of a diverse workforce and mutual respect amongst colleagues. Frankly we are shocked by how insulting your comments are across the board to your former co-workers and the firm in general. At Citco, we pride ourselves on hiring qualified candidates. Furthermore, we have strong partnerships with our local Universities - partnerships that are based on robust vetting processes. To state that degrees can be “bought” is not only falsely outrageous but defamatory. At our most recent town hall in Toronto, we presented the number of promotions in 2016 and year to date. These promotions were dispersed throughout all of our departments and were based on the needs of the business, roles/responsibilities, and qualifications. An employee’s ethnicity, gender, race, etc. is never a consideration. We maintain that if any employee ever has any serious concerns about employment practices here at Citco, they should escalate them to HR or senior management, where they will be promptly reviewed and addresses appropriately.
2.0
Aug 10, 2013
Recommend
CEO approval
Business Outlook

Pros

-Free drinks -Dinner provided when staying late (which is quite often) -Cab ride provided when staying late -Free breakfast once a month -Flex hours during summer to take early leave

Cons

-Favouritism towards Asian/Chinese employees - as most of the employees are Chinese -People will be speaking in Chinese/Mandarin amongst each other, and will make you feel left out. -No proper performance review process as managers are inexperienced and biased. -Late work hours...even after which you will be unappreciated -"Work comes first before family/life and education" culture -Very high employee turnover from Fund Accountant to Supervisor level. -Keep working hard, and get used to not being appreciated -Too much favouritism and lack of professionalism -They do not care about employee growth, professional development AT ALL. You are just a statistic when you leave.

1.0
Jul 8, 2021

Avoid

Recommend
CEO approval
Business Outlook

Pros

You get paid. Some extra benefits to soften the unpaid overtime. Don’t rely on the bonus it’s tiny if any.

Cons

Horrible environment. Boys club management. Totally under resourced so expect to work more than reasonable. Talk of caring about staff is not true. Better than some similar companies but still bad.

Viewing 352 - 354 of 3,580 Reviews

Glassdoor has 3,715 Citco reviews submitted anonymously by Citco employees. Read employee reviews and ratings on Glassdoor to decide if Citco is right for you.