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
Feb 1, 2017

Pretty good company to work for

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

It has pretty laid back environment

Cons

Very Difficult to get promote

avatar
Citco Response
9y
Dear Colleague - thanks for your feedback and rating. We always like to remind employees who are keen to move up in the Citco organization: 1. Discuss your aspirations with your direct manager and review your current performance and skills. 2. What competencies and skills do you need to improve or get before you would be considered for a promotion? 3. Ask what is a reasonable time frame to expect to be considered. 4. Continue to develop your technical abilities and demonstrate your supervisory /coaching skills so that you are ready when the opportunity arises.
3.0
Jan 29, 2017
Recommend
CEO approval
Business Outlook

Pros

Great place to start a career in finance.

Cons

Can be long hours and too much work landed on you.

avatar
Citco Response
9y
Hi Reviewer, thanks for taking the time to provide this review. It's great to see your comment about Citco providing great career starter opportunities. We get that feedback often. People refer to learning opportunities that you just don't get in other companies so early in your career, particularly getting the opportunity to work the end to end NAV process. In the finance industry, the hours can be arduous at certain times of the year, but at Citco, we try to balance that with policies and practices that promote health and well-being and work/ life balance. This is something that we are really working on because we're committed to Citco being a great place to work.Thanks again for feedback which we use to continually enhance our employee experience.
3.0
Jan 25, 2017

Good in some areas, very poor in others

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Large kitchen for staff with pool, fussball tables and decent coffee machines. Free beer (for Friday after 4.30pm only) and breakfast cereal provided. Company fully pays for a quarterly night out which is great. No petty recriminations for minor delays with arriving into work (as long as work gets done by deadlines). Excellent local IT support compared with companies of similar size.

Cons

Communication from senior account managers (dept heads) with staff about what is happening in co. is almost non-existent (Citco culture to be overly secretive about everything). Everything has to be learnt on the grapevine instead of officially. One team meeting per year max. Zero pay increases/bonuses awarded to anyone who is not promoted in the preceding year, no matter what their contribution. This is extremely de-motivating. On the job training culture is to show you a procedure once on day one and expect you to do the task perfectly from day two. Staff turnover recently getting high due to constant transfer of key functions offshore. Culture for higher ranked staff to avoid associating with lower ranked staff outside of meetings. Only time that management call staff into meeting rooms is to verbally tick off, never for positive reasons, ie to praise for when a job is well done. Constant struggle to create team spirit.

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Citco Response
9y
Dear Colleague - we appreciate your effort to provide us with positive and constructive feedback. I noticed you didn't indicate your office location, however your feedback is a universal reminder for us of the importance of communication across many topics. Of course there are many business decisions and proprietary information that cannot always be shared with all - but we take your broad points on-board about this topic plus the need for more frequent recognition/appreciation, etc. Some managers are better at this than others, but we continue to drive the importance of it.
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