How much turnover until the higher ups actually pay attention? - Anonymous employee KeyBank Employee Review

2.0
Aug 9, 2024
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Benefits are decent, 7% 401k match, wellness incentive, banker hours

Cons

Where do I start? The operations of the branch make zero sense. You have your tellers and bankers who basically do the jobs of 10 different people only to be paid less than their manager who focuses on small business and telling the remainder of the staff what to do. Manager goals vs banker goals are a joke. They have much smaller goals, their accounts are worth more, yet they do even less than the bankers? The incentives are a joke in general, since getting here I have seen the incentive plan change at least 5 times and for no other reason than to save the company money. Managers aren’t held accountable for anything and take advantage of it. I rack my brain wondering why my peers and I are the ones running the branch but we’re the lower man on the totem pole. If you’re looking for professional growth you won’t get it here unless you happen to be favored by the current leaders and their politics. I have seen 4 strong coworkers leave to go elsewhere because they were constantly passed over for opportunities in favor of external hires WITH NO EXPERIENCE! Imagine working for a company and them picking someone with absolutely no qualifications over promoting you? Yikes. Due to the lack of promotion and working your tellers and bankers like dogs every single branch is understaffed. You’d think they would be okay paying overtime during this but you’d be WRONG! They would rather you leave your branch even shorter and make the clients experience even worse than compensating their employees to be there. I’d say to hire more people but it won’t make a difference because the turnover is awful. Nationally all businesses are understaffed and choose to adjust hours to accommodate the staff and not overwork them or work under so overstaffed. How about you close on Saturdays until you figure out your staffing model instead of constantly leaving other branches short staffed to make it happen. The client experience is still going to be terrible. I’d rather have a client annoyed we’re closed on Saturdays due to staffing than to have clients getting absolutely terrible customer service experiences because how could they possibly get a positive one when the staffing model is a joke. Upper management is constantly in rotation. Everything and everyone’s individuals success is determined on how that current leader feels about you. You’ll see the leaders favorites flourish solely because they’re friends over someone more competent or qualified. To consistently see such solid employees leave because of the environment and toxicity of the company is appalling and embarrassing. To work for a company that would rather bring in external hires for EVERYTHING than keeping the ones they have happy is disgusting. You are replaceable and we get it but to be so blatantly obvious that you don’t want any of these people to succeed beyond their role is alarming.

Explore other reviews about KeyBank

5.0
Mar 24, 2026
Recommend
CEO approval
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Pros

Good benefits and pay (including bonus)

Cons

Expected 70-80 hour weeks as a regular schedule.

2.0
May 7, 2026
Recommend
CEO approval
Business Outlook

Pros

- 7% 401(k) match (although only funded once a year) - $500 Wellness credit to use towards a gym membership, new work clothes, college tuition and so on. - Not too pad when it comes down to PTO policy.

Cons

- Extremely old technology. - Bad products (it’s hard to sell when your products are simply bad). - Everything takes twice as long to happen at KeyBank (when it comes down to processes). Everything is manual, nothing is automated. - Commission pay is all over the place, extremely hard to understand and unreliable. There are so many rules about what qualifies for commission and what doesn’t that it’s hard to keep up. - As a licensed banker, you will compete with your non-licensed teammates for investment referrals. - Cheap company. Instead of hiring more people, they will use a Private Client Banker at the teller line if needed. - Banks open Saturday. - Paperwork for every single small thing. - Commission pay for licensed bankers is at the mercy of your Private Client Advisor. If they forget to add your name when closing an investment deal, you get nothing. It happens quite often in every single branch. - Expensive health insurance plans. - Not a lot of growth opportunities if you aren’t in WA or Ohio.

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