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