Do not leave a decent job for this place - In Management Citco Employee Review

1.0
Apr 22, 2016
Recommend
CEO approval
Business Outlook

Pros

Free beer after 5 Free breakfast once a month Casual Dress Good Christmas party

Cons

They will tell you it is a 37.5-hour workweek in the interview with the need for "a bit" of overtime at month end. This is not true for most people. Some people have hit 90 hours per WEEK and have to come in on the weekends. At the very least you are expected to do 5 hours of overtime per week- and then you are likely going to be given more work to do if that is all you are doing. A good bet is to count on working somewhere between 20-50% extra in OT per month. Supervisor level and above do not get paid for their overtime- so you better drink a lot of beer to make up for the extra hours you work for free. There will be a lot of them. If they tell you in the interview there won't be I would ask for an agreement where you will get paid for your OT over a certain amount. They will not give it to you- but this will show you their true intentions. They have recently decided to cut back on their sick leave policy so they can start deducting vacation days or pay after 3 sick days, even if you have been working 60 hours a week for them due to being short staffed. So you could work 4 months of unpaid OT in a year for them and they reserve the right to start docking you pay after 3 sick days. In order to be promoted you have to first do the job without the title or pay for long periods of time. There have been cases where people have been a Supervisor, managing a team without a manager for a year before the company recognizes them with the actual promotion. Makes moving up difficult. They tend to dangle the carrot of quick promotions at the time of the interview and then delay things once you are in the door. I have heard rumours that the official policy is to not provide references other than confirm dates employed. Have not confirmed this with HR as I do not want them to know I am looking. However if this is true it can make getting a new job difficult if it requires a reference from a current employer. Not accommodating to those who have children. People have been told to make other arrangements for evening childcare on a regular basis to work the required overtime (unpaid) They are moving a lot of work to the office in the Philippines. At this point they have 6 floors in the building- however only 5 are leased long term and people are working out of meeting rooms due to over crowding. You have to assume that if they have not signed on to rent the extra floor long term they plan on cutting back on staff with the Philippine office taking on the extra work. They are also not replacing managers and supervisors in their middle office department when they leave- again suggesting they are expecting the demand for them to be falling in the future. Generally a chaotic work environment- Seems like Senior Management are constantly changing their minds about work allocations and policies. Teams are rarely able to settle into a routine. Overall it is not a good environment to work in if you are not able to commit your life to them or if you are senior level staff. If you like your current place of work do not leave for this one- it will most likely be worse.

Explore other reviews about Citco

5.0
Apr 8, 2026
Recommend
CEO approval
Business Outlook

Pros

Great work culture and energy from people

Cons

Work can become tedious at times

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Citco Response
1mo
Thank you for the 5 star review, It is great see you experiencing our work culture and the camaraderie you have with your colleagues. We would also encourage you to explore more internal communication channels available to you to address your specific concerns. Thank you for sharing comments and for the 5 star review!
4.0
Mar 23, 2026
Recommend
CEO approval
Business Outlook

Pros

Its best to work here for a few years and gain experience elsewhere.

Cons

Company went from 2 days on-site to now 3 days on-site, i dont mind it but this company has low morale and all the employees are sick of this place now. If you want a high salary but no opportunity to advance this is the place for you. 80% of the company is senior level and no room for growth or promotional opportunities.

avatar
Citco Response
2mo
Thank you for the 4 star review. We strive for work life balance with our hybrid working policy, working in the office as a team contributes to our collaborative ethos in Citco. We would also encourage you to explore more internal communication channels available to you to address your specific concerns.
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