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
4.0
Oct 14, 2024

CITCO

Recommend
CEO approval
Business Outlook

Pros

Great place to learn with challenges

Cons

Work like balance little off

avatar
Citco Response
1y
Thank you for your review. We are pleased to hear that you see a value in the internal L&D initiatives as Citco prioritizes training, learning and development at all levels. We definitely want you to be able to balance life and work but I hear you on the stress and long hours & we appreciate you sharing this with us. We continue to look at avenues of improving on this front and strive the make our workplace a better one day by day. Thanks again for your feedback - we look forward to your continued success at Citco
1.0
Oct 14, 2024
Recommend
CEO approval
Business Outlook

Pros

- If you are part of a good team, everyone is very supportive, and the manager possesses strong skills and genuine care for the team. I am grateful to have met many wonderful people here, and I have benefited greatly and learned a lot from them. - The work content holds value, not very much, but do help if you are focused on the capital markets industry. - The insurance benefits are also good.

Cons

The work environment largely depends on your team. If you encounter a poor manager or VP, you may find yourself in a toxic atmosphere with excessively long hours. 1. Lack of Employee Well-Being - After taking two sick days, my manager denied me further time off, which I believe is against labor laws. 2. Unreasonable Workload and Expectations - The workload is always unbalanced and unreasonable. The KPIs assigned to a person could be unrealistic. This can lead to burnout if you have the skills. Good performance here does not guarantee appreciation; it often results in extended hours instead. I was directly told to prioritize this job above myself. - Some managers resort to micromanagement, pushing unreasonable tasks onto their team members and considering this to be a valuable skill. - Some managers enforce heavy but ineffective processes that must be followed, yet refuse to make necessary changes for irrational reasons. 3. Gender Discrimination Issues - A manager exhibits issues with gender discrimination that manifest at a cognitive level. For instance, he assumes that women should wear makeup in the workplace and has made comments suggesting that certain female employees use their "cuteness" to succeed in teams led by male managers. 4. Rude Management - A manager struggles with emotional control and has an unreasonable attitude toward employees' mistakes. The manager’s technical skills are also lacking, which leads to blaming others before fully understanding the situation. As a result, the work environment is punitive and negative. - I have encountered managers and VPs who engage in upward socialization, showing a strong preference for certain individuals while treating others poorly and using people as tools. 5. Lack of Career Advancement and Poor Promotion Processes - The company treats internal candidates poorly, making it difficult to receive competitive pay. Managers make false promises about opportunities. This company does not value employee development. The management lacks vision and only seeks to retain employees to maximize their workload, disregarding any commitments they made. 6. Recommendation - For the people who want to join, it’s a good place to stay for 0.5 - 1 year, It has good stuff to learn and can be used in job hurting. - For the people already be here for over a year, I highly recommend you actively search for new job opportunities. You will likely discover a significant gap compared to market salaries. Do not trust everything your manager says—conduct your own research. I encourage everyone to leave as soon as possible. You will gain a broader perspective, and even if you choose to return later, you will be valued more. Trust me; job searching is worth your effort and is often much easier than facing the challenges you encounter internally. Good luck to everyone!

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Citco Response
1y
It’s disappointing to read this review but you taking the time to provide feedback is appreciated so we can understand more about your time with us. Dignity and Respect is a cornerstone of our management development programs, to ensure our values are embedded in our leadership philosophy and practice. Wishing you all the best.
2.0
Oct 13, 2024

Okay

Recommend
CEO approval
Business Outlook

Pros

Healthcare, cab, promotion, facility, hybrid

Cons

Overtime, less increment, Wfh policy, stress

avatar
Citco Response
1y
Thank you for leaving a review. It is great to see you mention our benefits and hybrid working policy. We understand that worklife balance is one of our scope to improve on and we appreciate your insights on it. While the nature of our business may not allow us to have too much bandwidth to work on it, we continue to look at avenues of improving on this front. We would also encourage you to explore more internal communication channels available to you to address your specific concerns.
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