KeyBank Reviews in Cleveland, OH Area

Pros

Good Work /Life Balance for most employees.

Cons

Pay and benefit practices are not individually communicated well.

Pros

Good life work balance encouraged by upper level management.

Cons

Not as high paying as some other banks

Advice to Senior Management

Keep the talent at home

Pros

work life balance. diversity. key tower

Cons

can't pay as well as banks in new york. terribly inefficient IT staff

Pros

Flexible work arrangements, opportunities for advancement, friendly and knowledgeable people to work with. Our CEO is very focused on employee development and making Key Bank a great place to work.

Cons

Very political environment. The organization needs to focus on better managing multiple generations in the work place. Decisions are primarily made by Senior Leadership that is not always in touch with or in agreement with Generation X and Millennial Generation.

Advice to Senior Management

Learn to make decisions faster. The politics within the company are a huge turn off to Generation X and Millennials. If you want to keep them around, and benefit from the strengths that they bring to the table, make sure that Baby Boomers understand them and have Senior Leadership figure out a way where the company can benefit from the wisdom and experience of the Baby Boomers and incorporate that to the out of the box thinking and energy from other generations.

Pros

My direct supervisors are fair
Working conditions are fair and balanced
Legitimate time off is never denied.

Cons

Senior management is only interested in their golden parachutes when Key is sold.
Pay is too varied, over 20% difference between pay for the same job.
Benefits and training are marginal
The computing environment is 8 years old.
The best employees are leaving as soon as they can find a job

Advice to Senior Management

Try a little honesty. the employees all know the bank is about to be sold. Don't the employees have some rights to directing their live?

Pros

excellent benefits, salary ok not the worst, but not the best.. clean environment, pleasant people to work with. up to date technology.

Cons

very divided in promoting women and blacks. high end jobs are given more to young white females regardless of their experience or education.

Advice to Senior Management

Be fair with everyone regardless of their gender, color or beliefs

Pros

Experience working in the Finance Sector.
Recognizes more holidays than other companies

Cons

Nepotism everywhere
No opportunity to advance
Long work hours
Layoffs looming all the time
Incompetent Management at all levels in IT

Advice to Senior Management

The board of directors should hire a group of MBA’s to replace all management in IT.

Pros

Analysts, Associates and some VP's are very willing to coach and mentor Summer Analysts. One of the best places to gain Investment Banking experience in the Midwest (outside of Chicago). Culture is very good -- superiors don't show the usual pride and posturing that is found on Wall Street, but still demand excellent work.

Cons

Summer Analysts are paid an hourly rate instead of a monthly salary. Summer Analysts will also spend the majority of time working on pitches rather than deal work. Must be open to living in Cleveland to really enjoy program.

Pros

Flexible schedule
Work from home option
Benefits
Excellent work/life balance
Great work environment
Progressive thinking management

Cons

Average salary
Currently not a lot of room for advancement
Downtown location makes parking a challenge sometimes

Pros

Pay can be good
Time off is above average
Most employees like their immediate manager
Coworkers generally respect each other

Cons

Senior Management is incompetent, incl. Beth Mooney
Lower levels of management are incompetent
Unclear roles and responsibilities
Nobody ever makes a decision, resulting in meeting and e-mail hell

Advice to Senior Management

Stop whining about the stock price. Focus on operational excellence, defining roles and responsibilities, and addressing the [in]efficiency ration. Actually do your job and lead.