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
Feb 11, 2018
Recommend
CEO approval
Business Outlook

Pros

I really can't find anything good about this job

Cons

very toxic work environment, uses fresh graduates, rude team members, and the future with Citco is so limited

avatar
Citco Response
8y
Dear Former Employee, As a former employee I don't know when you were employed with us, so you may have missed some things after you left. I have summarized below for your information: In the summer of 2017, we conducted a global engagement survey which captured the feedback of all levels of employees. All employees were invited to share their concerns and recommended solutions in follow-up focus groups. We are currently using that information to inform action plans in 2018. We have a robust training program that features a one-week classroom training program at the outset of employment followed by several other classroom training sessions in the first year of employment. The is coupled with on-the-job training from peers and seniors to deliver a well-rounded training ground for anyone new to our organization Our success rate in coaching and training employees to success is evident in the fact that over 90% of our people leaders have been internally promoted into their roles. The Halifax office has evolved significantly over the past 10 years from an office of a dozen people to our current state of over 450 employees across 12 distinct departments. Thank you for your feedback and best of luck on your future endeavours. Regards EVP, HR Operations
2.0
Nov 23, 2017
Recommend
CEO approval
Business Outlook

Pros

Depends on the team you are in . Opportunities are out there for you to grab it IF you know who to talk to and if your manager is important enough. Trust me.. They can pull some strings to promote some clowns with no credibility or whatsoever. The culture is really relaxed. The people are very friendly.

Cons

No work life balance. OT can reach up to 15-20 Hrs a week for first 2 weeks during month end. Starting salary is good, but increments over the years is really bad compared to market rate and senior mgmt is aware of that but not fixing it. Huge turnover rate due to long hrs, underpaid and not being able to recognise or reward soon enough to those who really deserve . Office politics.

avatar
Citco Response
8y
Dear employee, Thank you very much for your feedback. Please know that we are taking your comments seriously and looking to verify concerns you have mentioned. In terms of OT during month end, I hope you understand that such is a common and inevitable part of the financial cycle. Thank you
2.0
Jul 13, 2017

Long hours...horrible morale

Recommend
CEO approval
Business Outlook

Pros

- Able to advance career if dedicated but must be willing to spend 12+ hour days - free beer/coffee - competitive benefits - great locations - mobility

Cons

- No work life balance. - No respect for personal commitments (scheduled after working hours/weekends..."work comes first") - shamed/judged for leaving "on time" - promotions considered as a tool to retain staff. Not a meritocracy. - Heavy workload/unreasonable expectations from management - not open to new ideas (employee suggestions openly mocked with cheeky/sarcastic comments) - no work from home policy (Competitors allow work from home in same industry) - atrocious employee morale

Viewing 400 - 402 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.