Citco reviews

3.4

59% would recommend to a friend

(3,583 total reviews)

Christopher Smeets

67% approve of CEO

60% positive business outlook

Citco has an employee rating of 3.4 out of 5 stars, based on 3,583 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
May 6, 2017
Recommend
CEO approval
Business Outlook

Pros

Free beer. Good compensation for area.

Cons

Boring!!! Low chance of advancement.

avatar
Citco Response
9y
Dear Former Colleague - thanks for your feedback. I'm surprised to hear you found the work boring and then provide advice on on work processes that you could have had an influence on. As a Sr. Fund Accountant - you would have a good bit of work experience under your belt and a challenging and interesting piece of work for you would have been to see how you could make suggestions for improved work efficiency and productivity. We want our employees to raise this ideas up through management and when they do it can be one of the indicators that they are ready for a more senior role.
1.0
May 2, 2017

It will make you appreciate your next job

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Breakfast provided once a month Free beer after 5pm Decent Benefits

Cons

I want to start off by saying I was a good employee there. I worked crazy hours and received good reviews and promotions. My reason for leaving was the terrible work environment created there rather than the work itself. It doesn't matter how smart or efficient you are, if you are not happy to do a huge amount of overtime you will not get promoted. They reward the people who stay until midnight. They refer to the busy times as "month end" which is supposed to occur during the first few days of the month, however for some teams this can last for 2-3 weeks. The turnover is unlike anything I have ever seen before. People quitting without having a new job and openly saying they would leave for a job paying less money. Every person I speak to who is still there is actively looking for a new job. Senior mgt often makes promises to reduce overtime. However as soon as they do they take on more work without hiring the staff first, putting the employees back in the position of being overworked again. I went through this cycle a few times when I was there so learned that they had no intention of lowering the workload. They don't give references other than to confirm dates employed. You need to get someone who has left the company to give you a reference or hope that your manager will give you one anyway.

avatar
Citco Response
9y
Dear Former Colleague, Thank you for taking the time to provide feedback on your work experience. Based on your comments, it sounds as though you gained valuable exposure to complex financial instruments and accounting skills from the work you did at Citco and were recognized for your top performance with a promotion. Each promotion is discussed and vetted across the management team to ensure consistency and transparency. It is important to ensure we have a fair and merit-based process in place as we need our best talent servicing our clients. The local senior management is aware of the overtime figures and continues to make it a key focus to achieve a sustainable work-life balance for our employees in 2017. The office has hired over 80 people year-to-date in an effort to balance resources vs. workload. These new resources need time for training and improving productivity so this is a work in progress, but I assure it is a top priority for all of us.
4.0
Apr 30, 2017

Senior Associate/Fund Accountant

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Citco provide generous vacation days and good benefits. It is a challenging environment with lots of opportunities to grow.

Cons

Expect to work overtimes. However, you can only receive 1.5 times OT pay after you work above 44 hours per week.

avatar
Citco Response
9y
Dear Colleague - thanks so much for your feedback and 4 star rating. Indeed - overtime is expected at certain points in the month for many of our roles. Let me just clarify the OT policy in Cayman. We follow the law which stipulates that overtime is payable after a standard work week (45 hours) or standard work day (9 ) hours have been worked and yes, it is time and a half for overtime except public holidays which are paid out at double time.
Viewing 3046 - 3048 of 3,583 Reviews

Glassdoor has 3,719 Citco reviews submitted anonymously by Citco employees. Read employee reviews and ratings on Glassdoor to decide if Citco is right for you.