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
3.0
Mar 18, 2017

Operations Analyst

Recommend
CEO approval
Business Outlook

Pros

Great place to start for no experience people. They help you with citizenship Free beer after 5 Lot of exposure to high profile hedge funds good health benifits

Cons

Very Very Low Pay Repetitive work, Long hours 70hr/week in month end Unless you are at managerial level you have no say or opinion in anything ( I was not allowed to meet my client that I worked on for 2 years everyday, when he was visiting and drinking with senior management ) Very demotivating Looked down upon Hours are not flexible, you can not organise a lunch with someone, there is always work that needs to be done. No sense of time at work. More hrs means good. Quality has no input Lower employees suffer because of senior managements wrong decisions and do not have a say.

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Citco Response
9y
Dear Colleague – we appreciate your feedback and thanks for starting off on a positive note to highlight some of the pluses of working at Citco. We are happy to hire bright graduates with little or no industry experience and provide a unique opportunity to work in Halifax for an international firm in the hedge fund arena. Operations Analysts are enrolled in a 2 year development plan with thorough training including a company paid certificate program from the CFA Institute. There is great value to the financial knowledge that you will gain here and this is part of the overall investment the firm makes in its employees (in addition to compensation and great benefits). As staff develop, they are eligible for salary reviews at the 6 and 12 month marks that will increase their salary upwards of 10%+ in their first year (depending on performance, of course). With respect to workload, Halifax management is also very focused on this area and aware of the issues. Positions in our field usually require some overtime; however, this year senior management will be reviewing the workload and recruiting heavily to address the work/life concerns of staff.
2.0
Jan 12, 2017
Recommend
CEO approval
Business Outlook

Pros

Good Social Life Young workforce Good exposure

Cons

Managers there by default. Limited hierarchy which makes job progression difficult. A lot of overtime around month end depending on what team you are on

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Citco Response
9y
Thanks for your review. It’s great that you refer to so many positives: Our social environment, the nature of the work and the learning opportunities that it provides. The cyclical nature of our business means that there are certain times of the year when people are extraordinarily busy. We try to balance this with policies and practices that promote and support health and well-being. It's disappointing that you feel that progression is difficult. The principle of meritocracy is the foundation of career progression in Citco and so many people enjoy rewarding and fulfilling careers here. Perhaps we could be better at communicating progression opportunities and career paths. That's feedback that I will take on board and try to improve. Thanks again for this balanced review.
1.0
Sep 5, 2016

SFA

Recommend
CEO approval
Business Outlook

Pros

Flexible time in working hours

Cons

Long working hours Manager accept work that is out of working hours (due to timing gap with LO) causes employees work more than 14hours (12am)

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Citco Response
9y
Thank you for your feedback. In Citco we promote and support health and wellbeing and discourage extremely long working days. However the nature of our business sometimes requires that that there are certain times when people are extraordinarily busy and overtime is required. Employee wellbeing is at the heart of Citco values and we are constantly working with our managers to ensure teams are not overstretched.
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