KeyBank

  www.key.com
  www.key.com
There are newer employer reviews for KeyBank

 

Not bad, not great.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Anonymous Employee in Seattle, WA
Current Employee - Anonymous Employee in Seattle, WA

I have been working at KeyBank full-time (more than 3 years)

Pros

There are some very intelligent people at Key, especially on the Capital Markets side; as such it can be a great place to learn from more-seasoned colleagues.
Good benefits, generous PTO policy.
Strong balance sheet.
The Corporate Bank is trending in the right direction and improving reputation.

Cons

As is the case with many large companies, the work environment is largely dependent on your specific group or department and manager. There are some fantastic leaders, and there are also some incompetent ones; in the latter situation, it can be extremely frustrating. I imagine this is not a unique characteristic.
Senior executives seem to lack the ability to plan effectively for the future. There are many corporate-wide initiatives that either die quickly, or last a short while only to be reversed completely down the road. An example is the branch network: a few years ago there was a large push to open branches and increase density within Key's footprint...in 2013, many branches are closing (some that were opened in the last 12 months) and I'm guessing a lot of money was wasted in the process. It seems like things are constantly changing- it comes off as "figure it out as we go."
If you are not based in Cleveland, it is very difficult to advance your career or move laterally within the company (I can only speak of the Corporate Bank in this regard).

Advice to ManagementAdvice

Have better foresight; it seems every bank (regional or otherwise) has done a quality job in being ahead of the curve as far as industry trends are concerned, while Key has lagged.
Continue to de-risk the balance sheet and don't get dragged back into the old investment banking habits circa 2007.
If you're going to have a very spread-out footprint, treat all employees equally, regardless of geography. There are quality employees outside of Cleveland that could probably improve the company if given the opportunity to advance. Conversely, don't be afraid to cut dead-weight.

Recommends
Positive Outlook
Disapproves of CEO

403 Other Employee Reviews for KeyBank (View Most Recent)

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  1.  

    Hard Earmed

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Albany, NY
    Former Employee - Anonymous Employee in Albany, NY

    I worked at KeyBank full-time (more than an year)

    Pros

    Generous Vacation and Retirement compared to industry standards

    Cons

    Low Base Salary comparatively
    Always looking for cheapest option instead of most effective

    Advice to ManagementAdvice

    Compete and spend money

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    Great Company to Work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at KeyBank full-time (more than 3 years)

    Pros

    Very open-minded and accepting of all people, opportunities to move up, treated well and felt valued. They respected the fact that employees had family's and they embraced that. The team I was on was like a family away from home and made me feel at home from the start.

    Cons

    Not really any downsides that weren't caused by your usually co-worker issues that you would have at any job. The only other downfall would be obvious considering it is a bank and with the economy you are at risk of potential layoff or other issues due changes in the economy. However, that's something you'll risk at any job in the industry.

    Advice to ManagementAdvice

    Communication

    Recommends
    Neutral Outlook
    No opinion of CEO
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