IR Administrator (Current Employee) – Toronto, ON – 26 October 2018
Good place to start your career, however, if you are experienced then it's advisable that do not apply at Citco. There's no work life balance and many times upper management is completely unaware about the situation on the floor. Managers and VP are strongly knitted and hardly listen to the employees and often tries to resolve the matters by themselves which results in constant shifting from one team to another. Expect to work 48+ hours a week which could be a big issue if you are not living in downtown. There's very little growth opportunity and a lot of times the right people do not get promoted due to favourism. The work and salary is not very competitive when compared to the the competitors. If you like to party hard then this could be a good place though as they have quarterly parties with free booze. The parties are pretty wild. Also, they provide free beer after 5, and unlimited supply of fizzy drinks and juices.
If you have a Yes Sir attitude, then you may have a better prospect to get promoted to senior or supervisor position. The managers, VP and the upper management only cares about their year end bonus even if it means great discomfort to the people working below them. A lot of times, management will promise promotions but it never happens and they promote their favourites or hire externally which greatly affects the morale. I have seen 3 cases with in a year where people left simply because they were promised a position and at the last moment someone else was promoted or Hired. Teams issues are never heard and communication never reaches the upper management.more... Everything is tigh lipped and remains with in the respective teams. Their expectations are work like a donkey all day long. There are cases where people simply walked out because the funds they were given were too complicated and hardly any training was provided. If managers and VP get a loss on their year end bonuses then expect to get fired and you will never get an apportunity to provide a feedback to the upper management.
Overall, I will not recommend this place unless you really need money or taking your first step into the professional industry. If you are entering the workforce for the first time then It will teach you to do multi tasking and how talk to high networth client and investors (depending on the department). It will definitely teach a little about the financial world, and accounting.less
Free ice cream and break fast, quarterly Team Outings.
Very long hours, OT is paid as month end bonus (heavy tax implications), poor management, heavy micro management, and unrealistic expectations
Senior Risk Anayst (Current Employee) – Toronto, ON – 1 September 2018
Competitive and enriched daily work. Learned how to communicate with colleagues and clients in an efficient way. the culture encourage the employees to be self-motivated. the enjoyable part is that there are some new issues that you can learn from, some development that you can be involved in. the hardest part is to work with different departments in different time zone.
Citco is a great place to start off your career in accounting & finance
Senior Fund Accountant (Current Employee) – Toronto, ON – 30 July 2018
Citco provides in-house training sessions as well as supports its employees towards completion of professional designations such as CPA and CFA. Citco encourages learning which makes it a great place to start off your career in accounting & finance.
Senior Vice President (Current Employee) – Toronto, ON – 9 May 2018
Great place to learn, lots of room for advancement but the work can be gruelling and the hours can be very long. Turnover has recently been higher, so have constantly have new staff. But the opportunities for quick advancement are there.
Supervisor, Investor Relations Department (Current Employee) – Toronto, ON – 25 April 2018
Citco has a high turn over rate due to company mismanagement and poor team management. They continue to promote people based on technical skills and not leadership skills. Typical work week is 50+ Hours and most people do not take breaks. Upper management knows this and does nothing to change the culture or create positive change.
P&L Analyst (Former Employee) – Toronto, ON – 18 March 2018
Working at Citco has been an eyeopening experience for me as I entered the business world. Although working here has been great and working with the team has been an amazing and fun experience, the unfortunate fact that the salary is so pathetic makes this company a terrible place to work for.
Lack of management and training. No room for moving up within the company.
Investor Relations Associate (Current Employee) – Toronto, ON – 21 August 2017
- No training program as the head trainer quit - Have to rely on co workers to train you which they are not experienced in doing so. - Lack of management skills (reason for very high turnover rate) - People working there for 4-5 years, still in the same position - Currently short staffed because of such high turnover and lack of hirings which results in you taking on other funds outside of your team - Workload is at 150% because of employee shortages.
free beer after 5pm, good benefits package
long hours/life-work balance is lacking/chances of promotion are slim
Accounting Supervisor (Former Employee) – Toronto, ON – 21 August 2017
Citco is a great place to start a career in finance and accounting especially if you are interested in finance/hedge funds/investments etc. There were lots of young educated professionals to work with. It may not be the place for everybody as there is a very youth-oriented culture. Many people used Citco as a stepping stone to other careers in finance, often joining the finance teams of Citco's clients.
Citco gave me my first job and I always appreciate it. The job has good culture and caring for its employees. The company is top in the industry and I was exposed to professional management in a big company.