CIT Group - Financial Analysts
Searched on this company but only dated and limited info. Anybody familiar with them? It seems they are trying to build an advisory practice in corporate finance after the restructuring. Still mostly senior loans to sponsored companies? Seems like a mix of corporate banking, leveraged finance, loan syndication experience.
What are the exit opportunities like from this program? Pay?
Thanks
Anyone familiar with this program?
They were hiring for a HC analyst a few months back - definitely MM and headed by John Thain. Apparently on a rebound, but can't really speak to that.
Know people who work there. Laid back culture, good hours, decent deal flow. Definitely on the rebound and there is a lot of hiring as a result. Mainly leveraged loans to sponsors/corporates, with some groups doing M&A as well. Can't comment on exits or comp though
thanks dudes, others feel free to chime in
I interviewed for one of their Corporate Finance groups about a year ago. Very good hours (off at 6:30 according to current analyst) and laid back people. The role seemed like it was basically a typical corporate lending/banking role at a commercial bank, except very modelling heavy. You will attend a 6-week credit course in NY that teaches you most of the modelling though.
I have no idea about comps though cause I was dinged after final round interviews.
65K with 5K signing for new 1st years. Not sure about bonus
Much improved from a couple years back. Loan volume not near GE standards and sponsor coverage isn't as strong as some, but improving.
Good group, good experience, solid comp (at least in Chi).
Definitely worth it.
CIT Financial Analyst Program (Originally Posted: 12/26/2011)
So does anyone know anything about the Financial Analyst program at CIT?
The description seems very similar to an analyst role within investment banking (modeling, pitchbook prep, deal teams, etc).
Can anyone shed some light on this?
I don't really get exactly what you would do within a Transportation Finance group.
Thanks.
Bump. Anyone have any info?
CIT Group's Corporate Energy?? (Originally Posted: 03/03/2013)
I have a final round interview on Wednesday. It is really hard to find alot of information on CIT for some reason. It's for the financial analyst training program...the HR rep. said training is 7 weeks in NYC using Training the Street. Anyone have info on anything about culture, interviews, comp, the work, etc?
http://www.cit.com/products-and-services/corporate-finance/energy/index…
Not sure what you are struggling with. CIT is a major non-bank lender, similar to GE Capital. Company has been in some trouble the past few years, but I think things have stabilized. You may want to ask a question about how things stand, what the company did, etc.
Have no idea on comp, hours, etc., but it will be much better than IB (probably 40-60 hrs/wk).
Questions about CIT Group (Originally Posted: 01/15/2012)
Note: this is about CIT Group not Citi.
I have an interview coming up for the financial analyst program. Tried to find some information about deals they've worked on, but haven't found anything specific. I was wondering if anyone here could tell me whether CIT would be good for ibanking. They're obviously a lending bank, but have they actually been doing any m&a or capital raising deals in the corporate finance department? Any advice would be appreciated because I'm trying to weigh this against some other potential options. Thanks!
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