Pros
Pay: Good pay when first joining company, but if you're in IT, you're in for a big disappointment come raise and bonus time! See downsides for more... Benefits: Very comparable to a few other companies that I have worked for. And every company's benefits get cut every year - Citi is no different. Time off: Excellent - more vacation than I have ever heard of! Although sick days are limited, which I don't like. I still don't use them all - I just don't like that they're limited. I have never had issues taking unexpected time off, although I pay for it later if there is a lot of work that I miss. Good name / recognition: Over the years, people in general have seemed impressed when they hear that I work for Citi.
Cons
Horrible pay increases: Maybe I'm spoiled, but my performance over the 15 years prior to Citi brought me nothing lower than 6-7% combined raise and bonus between four other companies. Again, that's not average, that's the lowest I have ever received... prior to Citi. So what does this type of performance get me at Citi? Anywhere from 0-2% combined raise and bonus!! It's not just me - of the six other people in my immediate area that have shared this information with me, none had gotten even 2% combined raise or bonus in years. I have spoken to only a couple of other people in IT who are not in my immediate area and they both made a 3-4% raise+bonus sound really good, but very hard to get. I'm sorry, it's not really good nor should it be that hard to get. Everyone in IT says that the Business side gets all of the money - I have only heard these rumors and can't confirm them. Work/Life Balance: My area preaches no more late hours/weekends, etc., but then turn around and schedule an extra 40-50 hours per month. Career advancement: We were told that in order to get promoted, a position at that level has to open up. I have never heard of this outside of Citi. Elsewhere, I have been promoted for doing a good job that deserves a promotion, whether there was an opening or not. I could understand this if you wanted to get into management, but not at any level lower than this. Competence of Senior management: Although no different than almost every other bank out there, senior management took on so much risk with their lending the entire world is now suffering! Banks such as Citi wrote the book on Risk, then decided to throw it away for near-term profits - unbelievable.
