Citco reviews

3.4

59% would recommend to a friend

(3,583 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 3,583 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
Jul 9, 2017

Run for your life from this place!!!

Recommend
CEO approval
Business Outlook

Pros

International Opportunities to transfer to other countries Casual attire Coffee brought to your desk Birthday gifts Free snacks and gifts Social events

Cons

Bullying by experienced staff Poor training Alot of staff do not understand what they are doing. They just do like robots. When you are smart enough to question them they say that is just the way it is or fumble in their speech then switch the conversation. Extremely rude HR team. Little scope for asking questions because your seniors are too busy. You then end up having to work very late because they have to finish their work first before they can train you= Poor planning!! Your managers will say one thing to you in a meeting but do something completely opposite to contradict themselves in reality. Alot of lying and manipulation done to try to stop you from quitting. They have no respect for people with families and taking holidays is a big deal. Huge restrictions on when you can take holidays. They have some sort of mandatory 2 week holiday rule to make you feel like they care but it is really an attempt to control when you can take holidays. When you sign that contract they pact like your life belongs to them. You will be expected to work on public holidays but they will avoid mentioning this in the interview, say it is not mandatory but then give you attitude if you did not come in that day. They claim to have an open door policy but when you speak your mind you get burned and they engage in petty malicious gossip behind your back. Very old systems. They claim to be at the forefront of technology but many staff are working with very old computers and when you express dissatisfaction. They are rude and nasty. Managers afraid to stand up to rude senior employees out of a fear of them quitting. This place is the epitomy of evil corporate life. Looks good on paper but is a nightmare. Senior management willing to lie at all costs in the interview inorder to get you in. They then lie to you after about what they said. HR is completely clueless about what is actually going on and have massive egos. Your performance review is a joke. Accusations are made without getting both sides of the story. People that end up working here long term either have no alternative or are ignorant , kiss up to management or have no self esteem. The management that are commenting on this website in defence are liars or out of touch with what is really going on. Very bureaucratic and hierarchical organisation. Like a dictatorship. If you have a high self esteem you will not work here.!!!

1.0
Jul 2, 2017

Investor Relations

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

- First job out of University, gives you an opportunity to learn a lot

Cons

- Very high turnover (over 25 people in the Toronto Office quit in June) - Potential for promotions are dangled in front of Employees as a motivational tool when they have already earned it - Human Resources asks to write a positive review when leaving the company - People are not hired to replace roles as often as they should be; very understaffed and nothing is being done for damage control. - There are always replies to glassdoor comments that highlight why the company is good but never really listen to the constructive feedback given in the comments

2.0
Jun 6, 2017

Disappointing

Recommend
CEO approval
Business Outlook

Pros

It's full time work. Not many other pros if you are a non-drinker not working towards any designation

Cons

Poor management If you work well, they simply give you more. Base pay is low. There is ZERO discussion about how to get ahead in this company. It is as though they know that with such a high staff turnover, it isn't worth promoting internally or having the view of being a good place to work in the area. Everyone know Citco is a good place to get experience but not a good place to develop a career.

avatar
Citco Response
9y
Dear Colleague, As an employee of 3+ year’s tenure, you have been here to witness that Halifax has a strong history of focusing on internal talent development, and promoting from within. In fact, 87% of the Halifax leadership team (Supervisors and above) are internal promotions, and 72% of this same group started their career with Citco as a new graduate and have progressed within the organization. Most recently, the Halifax office promoted 48 employees during the 2016 year-end process. These are the facts about career development in our office. If you are unclear about your personal career development, I encourage you to work with your leaders to create a development plan that sets you up for success at the next level.
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