Citco reviews

3.4

60% would recommend to a friend

(3,568 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 3,568 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
Jan 28, 2019
Recommend
CEO approval
Business Outlook

Pros

The company offers a competitive salary with overtime but no bonus and there are times when there is little to no work to be done. The company also provides free beer.

Cons

The company is dishonest about everything and they only care about the bottom dollar. They are in the process of moving all work to India and Canada, though the process is slow and you will often find your team missing a few people that seem to never get filled. The hours are erratic and you often found out during the day that you may have to work until 9 or 10 at night. The system is outdated and the company refuses to invest in figuring out solutions to easy problems. Often tasks that any other company has automated will have to be done manually here. They don't reward hard work or going above and beyond. If you are looking to prove yourself, this is not the company.

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Citco Response
7y
We appreciate you taking the time to leave a review. It is great to hear you felt our salary structure is competitive, as we regularly benchmark to ensure that we remain competitive within our industry and regions! We do recognize that the client focused nature of our business does sometimes lead to longer working hours than we would otherwise like, however we try to balance this with policies and practices that promote and support health and wellbeing. Citco also invests heavily in technology and has developed award-winning technology products . We are always looking at how we can improve so thank you for taking the time to leave your feedback. We wish you the best of luck in your future endeavors.
2.0
May 8, 2017

They lied about the Bonus- There is none

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

They pay salary plus overtime

Cons

There is no bonus.

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Citco Response
9y
Dear Colleague – I’m not sure what was said to you about our bonus practices or by whom, however our HR practice during the interview process is to make very clear that any bonus given at Citco is given on a discretionary basis. While we definitely have a bonus process in place, bonuses are never guaranteed as they are reliant on both company and individual performance. If you wish to discuss further, I encourage you to come and speak to HR.
3.0
Mar 2, 2017
Recommend
CEO approval
Business Outlook

Pros

Social Activities, Beers and kegs you can indulge in after hours, flexible summer hours, competitive pay

Cons

Privately owned, higher up personnel are related to the owning family, more emphasis on cutting costs than nurturing growth within, high turnover, and titles that have no correlation to responsibility level.

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Citco Response
9y
Dear Colleague - I'm sorry to see that you think Citco doesn't "care". You've noted a number of ways that the company actually does show it's caring - with competitive pay practices, company sponsored social events, generous benefit and vacation programs, and many more amenities in our offices than most financial firms offer these days. Whether a firm is privately or publicly owned, all firms today must make some tough choices on how to spend their money and where to cut costs. While our business model doesn't support a job rotation program, it does fund a global training department that offers a multitude of training programs through in-class, virtual class and eLearning environments allowing our employees to enrich their knowledge on a regular basis.
Viewing 13 - 15 of 3,568 Reviews

Glassdoor has 3,703 Citco reviews submitted anonymously by Citco employees. Read employee reviews and ratings on Glassdoor to decide if Citco is right for you.