Citco reviews

3.4

59% would recommend to a friend

(3,584 total reviews)

Christopher Smeets

66% approve of CEO

60% positive business outlook

Citco has an employee rating of 3.4 out of 5 stars, based on 3,584 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
3.0
Mar 2, 2017
Recommend
CEO approval
Business Outlook

Pros

Social Activities, Beers and kegs you can indulge in after hours, flexible summer hours, competitive pay

Cons

Privately owned, higher up personnel are related to the owning family, more emphasis on cutting costs than nurturing growth within, high turnover, and titles that have no correlation to responsibility level.

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Citco Response
9y
Dear Colleague - I'm sorry to see that you think Citco doesn't "care". You've noted a number of ways that the company actually does show it's caring - with competitive pay practices, company sponsored social events, generous benefit and vacation programs, and many more amenities in our offices than most financial firms offer these days. Whether a firm is privately or publicly owned, all firms today must make some tough choices on how to spend their money and where to cut costs. While our business model doesn't support a job rotation program, it does fund a global training department that offers a multitude of training programs through in-class, virtual class and eLearning environments allowing our employees to enrich their knowledge on a regular basis.
4.0
Mar 2, 2017

Review of working conditions

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

The company in Cayman is fairly small and the people are very nice. There was a great sense of support between management and staff.

Cons

Citco belongs to a vast global group and often the objectives of the larger group impose unreasonable targets on the staff of the branches. I didn't feel the remuneration and benefits were commensurate with the constant pressure to make more money for the company. The atmosphere handed down from Group level felt unappreciative and discouraging.

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Citco Response
9y
Dear Former Colleague - Thank you for your 4 star rating. The Cayman office is indeed a special office environment housed in a modern, lovely building in a prime location. Over the years the Cayman office has provided staff with a generous benefit package that is at or above the typical offering for a financial services firm. Your HR Partner organizes a number of social events and community service activities throughout the year to give back to the Cayman community. Your office is stocked with food and drink amenities. Regarding training, I'm happy to report that management and HR are looking into providing training through virtual classroom this year. However staff have always been able to utilize the education and study assistance program for job related training.
1.0
Mar 1, 2017
Recommend
CEO approval
Business Outlook

Pros

Free beer. Free drinks. Free meals for overtime. Free cab rides home for overtime.

Cons

Do you like pressure? Do you like stress? Do you like working long long hours? Do you like not having any work / life balance? Come work at Citco. Do you like management that piles difficult work on you, wants it all done yesterday and then acts baffled if you can't remember 1 out of the 7421 things they told you do recently? Come work at Citco. Do you like looking over rows and rows of cubicles and seeing miserable, exhausted, nerve-shattered and frustrated faces? Come work at Citco.

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Citco Response
9y
Dear Colleague - the first quarter of the year is certainly one of our busiest seasons at Citco and we are mindful of the commitment our staff makes through these several months of long hours, tight deadlines and client demands. While it is the nature of many financial services firms, we very much appreciate the hard work and commitment of our staff. Managing the related stress takes stamina and perhaps a well timed vacation day when a rest is needed. If you feel you are reaching the limits of what you can handle, I'd strongly suggest you meet with your manager (or manager's manager) and/or HR to see what support can be provided to help you get through this tough period.
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Glassdoor has 3,720 Citco reviews submitted anonymously by Citco employees. Read employee reviews and ratings on Glassdoor to decide if Citco is right for you.