Citco reviews

3.4

59% would recommend to a friend

(3,581 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 3,581 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
2.0
Sep 4, 2016

Don't get trapped!

Recommend
CEO approval
Business Outlook

Pros

Free beverages (coffee, soft drinks, juice, beer)

Cons

High turnover rate - Minimal/sloppy cross-training practices… you really need to learn along the way if you’re new. - Flexitime is a joke as you’re expected to work late constantly… no work/life balance, can’t even leave your desk for 10 minutes without being jumped on with a million questions from your useless co-workers upon arrival. - No opportunities to advance, change departments or roles - Citco is not interested in retaining talent, so when experienced employees end up leaving the few remaining knowledgeable employees are burdened with more work (of course, without an increase in salary). The employees who “play dumb” are not expected to learn more to cover the loss of manpower. - There are managers/VPs who have superiority complexes and consider anyone who isn’t a manager/VP or fund accountant as beneath them. They are not as important to the company as they believe they are (as I’ve seen many top level managers get the axe over the past year), so who knows why they think that they can walk all over people… This attitude extends to interdepartmental politics, as traders and accountants view custody as indentured servants. - Cliquey environment especially among the large number of Asian employees who do not believe they have to listen to anyone who isn’t White or Asian (unless they need something from you, then they temporarily become your best friend). - You will NOT get recognition for your hard work. You can work like crazy for months and get as many “Thank yous” along the way, but come review time, your manager will nitpick your work ethic (sometimes, they make it personal… was once told that how I did something was “annoying”) like you wouldn’t believe.

avatar
Citco Response
9y
Dear Reviewer - This is not the Citco I recognise and indeed there are policies and practices in place In the Toronto office and throughout Citco to ensure that our promotion process, talent review process and recognition programs assess employees fairly and by consistent performance and competency standards. However we take such feedback seriously and will ensure it is shared with the appropriate leaders. Thank you.
1.0
Aug 15, 2016
Recommend
CEO approval
Business Outlook

Pros

Location is very convenient, colleagues are incrediblly knowledgeable, helpful but completely overworked.

Cons

New Leader for recruitment is attrocious, lies above about the amount of work we have to do just so he can save a few pennies in the budget and make himself look really good.

2.0
Apr 21, 2016
Recommend
CEO approval
Business Outlook

Pros

The voluminous amount of work allows employees to be able to learn at a faster pace.

Cons

Due tot he huge amount of work handled over to the team, there is usually a need to work overtime. There will not be a time of the day to rest as we are constantly working once we are seated down in our work stations. Career progression wise is bleak as the management will hire externally to fill up senior positions instead of internal progression.

avatar
Citco Response
6y
We recognise that our industry is one where there are times that require overtime. We try to balance this with policies and practices that promote and support health and wellbeing.
Viewing 391 - 393 of 3,581 Reviews

Glassdoor has 3,716 Citco reviews submitted anonymously by Citco employees. Read employee reviews and ratings on Glassdoor to decide if Citco is right for you.