KeyBank Reviews

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

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

Good benefits
Paid time off
Paid banking holidays

Cons

Condescending management
Lack of promotions
Hostile work place

Advice to Senior Management

Allow the employees to impress you, don't hold them back

Pros

Exposure to senior management on a regular basis.

Cons

No firm career direction. Terrible benefits package.

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

Information technology has a number of areas to work, more than most financial institutions in the greater Cleveland, OH area.

Cons

Constant threat of layoffs in IT.

Pros

Key Investment Services is a big component at Key Bank. The RSM are very easy to work with and for. There is a decent product mix with very little haircuts.

Cons

The back office support has a lot to be desired. You almost need to write the business and follow it up every step of the way. Once your done with your guarantee the payout needs major adjusting...it's way to low. Not unless you can survive on 30k plus a 15-21% payout after the 30% cut the bank takes? Maybe in OH that works but not in lower NY. Lets remember...this is a 4 year old company that sold it's business to UBS 4 years ago...There really isn't any book to make trails off of!

Advice to Senior Management

Re-due the compensation plan and the benefits plan...Benefits plan is sub standard in the industry and once off the guarantee...it's almost impossible to make a living in lower NY.

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

Great training, promotion opportunities. Great staff within the branch. Goals achievable and personal growth rewarding.

Cons

Management may at times may have too much of a micromanagement mentality with the stress of economy issues

Advice to Senior Management

Continue to reward the staff and they will continue to go the extra mile

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.