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
1.0
Feb 18, 2017
Recommend
CEO approval
Business Outlook

Pros

Benefits package is honestly one of the best benefits packages I've seen in the industry.

Cons

The sea of empty desks is a perfect reflection of the current situation over at Citco, specifically the Toronto office. Most teams are severely understaffed and as a result are frustrated with the long, excruciating hours (12-15 hour shifts) they have to put in on a regular basis. it is also looked down upon if you do not want to put in the hours as some management expect you to always put aside your personal life. The inability for upper management to act on the painfully obvious issues that plague this office is the reason why turnover rates have been uncontrollable as of late. There is absolutely no retention policy in place as Citco ultimately plans on shifting operations overseas where the labour is cheaper. Citco has already shut down a whole department at the Toronto office in 2016 and moved its operations over to an Asian country in the western pacific. If you are looking for opportunities, I would advise you to stay away from Citco in its current state if you value a work/life balance. Before joining this company, I urge you to please look up some current employees on Linkedin and have a chat with them to verify everything I've said.

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Citco Response
9y
Dear Former Colleague - I appreciate you taking time to leave some feedback. We understand that it can be tough to see jobs moved from one office to another resulting in some empty seats for a time. In Toronto we did have a particular IR team whose work was migrated to one of our Asia offices. However the core IR teams are still in Toronto and will remain, likely to grow when new clients come onboard. We are also expanding on the Fund Accounting side in that office - so it remains an excellent training ground for new recruits as well as more seasoned hires. Our headcount in this office will remain strong - even if we may move work abroad, it is replaced by new complex work which means plenty of opportunities.
3.0
Feb 13, 2017
Recommend
CEO approval
Business Outlook

Pros

people are very helpful and friendly. always looking for everyone to succeed

Cons

longevity is no longer appreciated by higher management

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Citco Response
9y
Dear Former Colleague - Thanks for your positive comments. I see that you worked with us for 10 years - that's pretty impressive nowadays and thank you for your years of service. I'm sorry to hear you didn't feel long service was appreciated at Citco. Looking at our current population I see that over half the Jersey City staff have been with us for 7+ years. I see so many folks who have grown from junior staff and developed into our current VP's, SVP's and Directors. I'd say we very much appreciate their deep bench strength, their subject matter expertise, handling of clients and so much more. We show that appreciation through promotions, bonuses, flexibility, long service awards, comprehensive benefit programs, etc.
4.0
Feb 8, 2017
Recommend
CEO approval
Business Outlook

Pros

mixture of grads and co ops made for a young, Vibrant team environment. Opportunity to grow and excel based on performance.

Cons

Low base salary. Some offices are busier than others and suffer longer shifts.

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Citco Response
9y
Dear Former Colleague - thanks for your feedback and 4 star rating. I would note that it is certainly Citco's practice to promote internally - as evidenced by the multitude of managers up to the MD level who have grown and developed here. Typically we only search externally when there isn't staff ready for a manager position or we are looking for particular financial expertise in some area. Thanks again.
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