CIT Group Interview Questions

35 total interview insight submissions
Interview Experience (96%)

The Interview Experience is a score from 1 star (very negative) to 5 stars (very positive) generated based on the Interview Insights at this company.

The number you see in the middle of the doughnut pie chart is the simple average of these scores. If you hover over the various sections of the donut, you will see the % breakdown of each score given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few interview insights). Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire dataset.

3.9
  • Very Negative
  • Negative
  • Neutral
  • Positive
  • Very Positive
Interview Difficulty (91%)

The Interview Difficulty is a score ranging from very difficult (red) to very easy (green) generated based on the Interview Insights at this company.

The number you see in the middle of the doughnut pie chart is the simple average of these scores. The higher the number, the more difficult the interviews on average. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few interview insights). Simply put, as a company gets more insights, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire data set.

2.8
  • Very Easy
  • Easy
  • Average
  • Difficult
  • Very Difficult
% Interns - FT Offers (89%)

The % of Interns Getting a Full Time Offer chart is meant to provide a realistic estimate of the hiring practices of the company based on the reviews at this company.

The number you see in the middle of the doughnut pie chart is the simple average of these scores. If you hover over the various sections of the doughnut, you will see the % breakdown of each score given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few reviews). Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to the simple company average and away from the average of the entire data set.

63%
  • 0%
  • 10%
  • 20%
  • 30%
  • 40%
  • 50%
  • 60%
  • 70%
  • 80%
  • 90%
  • 100%

Interviews at CIT Group

Filter by:
Year
Job Title
Group/Division
Location
Experience
Difficulty
Student / Prospective Monkey
Year 2015
Job Title Student / Prospective Monkey
Group/Division Commercial Banking
Location New York
Experience
Positive
Difficulty
Difficult
1st Year Analyst
Year 2013
Job Title 1st Year Analyst
Group/Division Investment Banking
Location New York
Experience
Neutral
Difficulty
Difficult
1st Year Analyst
Year 2014
Job Title 1st Year Analyst
Group/Division Debt Capital Markets
Location New York
Experience
Positive
Difficulty
Average
N/A
Year 2014
Job Title N/A
Group/Division N/A
Location New York
Experience
Very Positive
Difficulty
Average
1st Year Analyst
Year 2014
Job Title 1st Year Analyst
Group/Division Corporate Finance
Location New York
Experience
Positive
Difficulty
Average
1st Year Analyst
Year 2014
Job Title 1st Year Analyst
Group/Division N/A
Location New York
Experience
Positive
Difficulty
Average
1st Year Analyst
Year 2014
Job Title 1st Year Analyst
Group/Division Commercial Banking
Location New York
Experience
Neutral
Difficulty
Average
1st Year Analyst
Year 2013
Job Title 1st Year Analyst
Group/Division Corporate Finance
Location New York
Experience
Very Positive
Difficulty
Average
1st Year Analyst
Year 2013
Job Title 1st Year Analyst
Group/Division Generalist
Location New York
Experience
Neutral
Difficulty
Easy
2nd Year Analyst
Year 2013
Job Title 2nd Year Analyst
Group/Division Real Estate
Location New York
Experience
Positive
Difficulty
Easy

Interview Questions & Answers - CIT Group Examples

Senior Analyst Interview - Real Estate

Anonymous employee in New York
Interviewed: January 2023
Outcome
Accepted Offer
Interview Source
Applied Online
Length of Process
Less than 1 month
Application
Phone Interview
1 on 1 Interview
Group Interview
Drug Test
Background Check
Interview
The interview was very smooth, the interviewers were easy going for the most part. There are some technical questions baked into the conversation.
Interview Questions
How do you value a land development project? How do come up with the correct data to support each step? Why interest in debt not equity?

Analyst Interview - Commercial Banking

Anonymous employee in New York
Interviewed: March 2020
Outcome
Accepted Offer
Interview Source
College / University / On Campus Recruiting
Length of Process
1-2 months
Application
Phone Interview
1 on 1 Interview
Group Interview
Background Check
Interview
Applied through university recruiting + employee referral. Conducted phone interview, followed by super day. During COVID shutdown so interviews conducted via zoom.
Interview Questions
If you could only use 1 financial statement to analyze the overall health of a company, which would you choose?

Analyst Interview - Healthcare

Anonymous employee in New York
Interviewed: December 2020
Outcome
Accepted Offer
Interview Source
Employee Referral
Length of Process
2-3 months
Application
Phone Interview
1 on 1 Interview
Group Interview
Background Check
Interview
Started off interviewing one group then got interviewed for another. Very friendly people. Wasn't too hard of a process but took a bit long to get an answer.
Interview Questions
They gave me a case study to analyze. Had to view it all from a creditors point of view. So even if the deal looks viable have to calculate worse case scenario (such as 3 biggest customers leaving and impact on revenue)

1st Year Analyst Interview - Commercial Banking

Anonymous interview candidate in New York
Interviewed: January 2020
Outcome
No Offer
Interview Source
Applied Online
Length of Process
3-4 months
Application
Phone Interview
1 on 1 Interview
Group Interview
Interview
I applied via LinkedIn THREE times over three months - each time, the job availability had over 200+ applicants. After the third identical application, a recruiter reached out to me via email for an initial phone screening. I replied to the email to confirm a date/time but got no response. I proceeded to message the recruiter via LinkedIn DM and even left voicemails, to no avail. Finally, ONE MONTH after having initially contacted me, the recruiter replied and confirmed a time for the phone screening.

The phone screen was pretty basic and lasted around 15 minutes. I was only asked basic behavioral questions (tell me about yourself, tell me about a time you worked in a team, what is your greatest strength/weakness, etc.) There were also some questions about the company (why CIT, why did you apply for this position, tell me about what you know about CIT's businesses.) At the end of the phone screening, the recruiter informed me that, based on my responses, she felt that I was one of her top three candidates and arranged for me for next-round in-person interviews.

The next round interviews were at CIT's NYC office. I met 1-1 first with the team leader, then with an MD for another 1-1. Questions were the same each time -- standard behaviorals and two technical questions (what is NWC, run me through the three main financial statements).

The interviews themselves were pleasant, but the hiring process is disorganized. Its been three weeks since the interview, and I have yet to hear any updates. I've reached out to all three points of contact, and am only able to reach voicemail. I'm confident that the interviews went well - I was able to demonstrate how I'd add value to the organization in the role, and they'd explicitly indicated that I surpassed their expectations. I don't know what's going on on their end, but the lack of engagement is troubling.
Interview Questions
The two interviews (initial phone screening and in-person interviews) were pretty straightforward and easy. I was asked standard behavioral questions and was tested on some basic knowledge about the company and the business.

For technical questions, be prepared to answer questions regarding financial statement analysis. The business-line I applied to (CIT Analyst) is a rotational program within one of their primary businesses, factoring. Understand basic credit ratio analysis. Know your liquidity ratios.

First Year Analyst Interview - Corporate Banking

Anonymous employee in Charlotte
Interviewed: December 2019
Outcome
Accepted Offer
Interview Source
Applied Online
Length of Process
Less than 1 month
Application
Phone Interview
Group Interview
Interview
I'll start by saying that my hiring process was a bit different from normal due to a few circumstances. I got the initial call for an HR screen roughly a month after applying. The hiring manager was one from HQ, as the one from the branch I was interviewing with was on vacation. I was supposed to hear back from the HM roughly a week after my initial screen, when he returned. He ended up switching teams on his first day back, so the process got shaken up a bit, and after not hearing anything, I assumed I didn't make the cut. About a month and a half after that initial screen, the original HM from HQ called again and explained the situation, apologized for the extended timeline, and asked if I was still looking/interested and we set up an interview in the office. My interview was with both the MD and the VP of the team at the same time. The interview took about an hour, just general questions really; tell us your story, talk to us about your analysis/modeling experience, why CB instead of IB, tell us about a time you hit a snag in the road and how you corrected it, etc. After that, I left, and about an hour after, I got a call from the HM to get notes and gauge my interest level. He made me a verbal offer after the call and I accepted. This was the week before Christmas, so it took about two and a half weeks to get my official offer due to the holidays.
Interview Questions
The most difficult was when they asked me to describe factoring to them. I wasn't as prepared as I should've been and knew very little about factoring and had to bullshit my way through the explanation, but all they were looking for is "lending against receivables." Another unexpected question was in relation to my knowledge of the retail market, both manufacturers and sellers. They also asked for my outlook on retail companies that were primarily brick and mortar stores and how I expected online retailers to impact them moving forward. Luckily for me, I worked retail in high school so despite not preparing for that question, I was able to give some basic information and talk my way through it. They asked because a lot of the businesses they work with are in the retail space.

Analyst Interview - Project Finance

Anonymous employee in New York
Interviewed: December 2017
Outcome
Accepted Offer
Interview Source
Applied Online
Length of Process
1-2 months
Application
Phone Interview
1 on 1 Interview
Group Interview
Drug Test
Background Check
Interview
Applied online and the next day received an email to schedule a call. Call was very casual. I spoke about my background and interest in certain group. Recruiter didn't ask any questions but simply pushed me forward to next step. Two weeks later, I had a superday with the team. Met with 6 people. No technical questions, assuming because I was already talking about my thesis which was heavily based off of a financial model. Seemed primarily behavioral. I received an offer 3-4 weeks later (Interviewed right before Holidays, so much of the team was on leave).
Interview Questions
As I mentioned earlier, there were no technical questions throughout any portion of the interviewing process. Especially during the superday, it seemed to be strictly behavioral. I would say the most difficult questions were from the Analysts who really asked me questions in depth regarding a personal model I had built for school. The largest aspect they were looking for seemed to be passion for the space. I interviewed for a specific group, so I was able to portray my interests easily, but they really wanted to know "why this group".

Intern Interview - Corporate Banking

Anonymous employee in Los Angeles
Interviewed: November 2016
Outcome
Accepted Offer
Interview Source
College / University / On Campus Recruiting
Length of Process
Less than 1 month
Application
Phone Interview
1 on 1 Interview
Background Check
Interview
The hiring process was straightforward and HR was helpful and polite. Both sets of interviews -- campus recruiting and on-site interviews were more based on behavioral, very few technical questions.
Interview Questions
No technical questions, but typical behavioral questions, such as walk me through your resume, why did you choose your school, and why did you select your major. The most notable/difficult ones were "Why should we select you" and "What can you bring to our firm?" These questions were part of the on-site interview, which consisted of two one-one interviews. The "Why should we select you" and "what can you bring to our firm" were difficult for me as I didn't have much background in finance and had to settle for personable traits to focus on.

Corporate Banking Summer Analyst Interview - Corporate Banking

Anonymous interview candidate in Atlanta
Interviewed: April 2016
Outcome
No Offer
Interview Source
College / University / On Campus Recruiting
Length of Process
Less than 1 month
Application
Phone Interview
Interview
The interview involved a phone interview of technical and personality based questions. Current Conditions of company was asked for.
Interview Questions
There are three boxes, one contains only apples, one contains only oranges, and one contains both apples and oranges. The boxes have been incorrectly labeled such that no label identifies the actual contents of its box. Opening just one box, and without looking in the box, you take out one piece of fruit. By looking at the fruit, how can you immediately label all of the boxes correctly? This was the toughest question asked.

Finance Development Program Interview - Investment Banking

Anonymous interview candidate in Livingston
Interviewed: October 2015
Outcome
Declined Offer
Interview Source
College / University / On Campus Recruiting
Length of Process
1-2 months
Application
1 on 1 Interview
Group Interview
Drug Test
Background Check
Interview
The first round consisted of two 30 minute interviews and both were one on one at my college. The final round was on site in Livingston consisting of two 45 minute interviews and in between your interviews you sat with first year analysts who were also in a way interviewing you.
Interview Questions
Most of the questions asked were behavioral questions and questions about my experience and what was listed on my resume. The interview was not focused on being technical, especially the first round which was completely behavioral and set to see if you would be a good fit. The company emphasizes being a good fit for them. The second round required you to know more about what is happening in the markets and news. The only technical question I was asked was what is the most important company statement and how would you invest $1000 if you were a risk averse investor.

Financial Analyst Interview - Commercial Banking

Anonymous employee in New York
Interviewed: October 2015
Outcome
Accepted Offer
Interview Source
College / University / On Campus Recruiting
Length of Process
1-2 months
Application
1 on 1 Interview
Drug Test
Background Check
Interview
Applied through OCR and was selected for the first round. I met with a third year analyst from my school who asked about my resume, why CIT and some basic accounting questions about the financial statements. Second round took place about a week later in their midtown office. It was a typical superday styled interview. I met with an MD, Director and VP all in different divisions, as well as an HR rep. They also included an informal informational interview with two recent hires where we spoke in a group setting. There where a handful of technical questions concerning accounting and how you would analyze a companies creditworthiness as well as some more specific questions pertaining to my background. I received an offer about two weeks later.
Interview Questions
What's more important when analyzing a company for a loan: EBITDA margin or Operating Margin? It was somewhat of a trick question. Generally you'd focus on EBITDA margin but it depends on the nature of the company. For example, when looking at an industrial company with high D&A you'd consider Operating Income more heavily.