KeyBank - Not bad, not great. | Glassdoor
There are newer employer reviews for KeyBank
There are newer employer reviews for KeyBank

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"Not bad, not great."

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Anonymous Employee in Seattle, WA
Current Employee - Anonymous Employee in Seattle, WA
Recommends
Positive Outlook
Disapproves of CEO

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 Management

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.

Other Employee Reviews for KeyBank

  1. "Hard Earmed"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Albany, NY
    Former Employee - Anonymous Employee in Albany, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at KeyBank full-time (More than a 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 Management

    Compete and spend money


  2. "Excellent managers and organized department."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Human Resources Client Service Specialist in Brooklyn, OH
    Current Employee - Human Resources Client Service Specialist in Brooklyn, OH
    Recommends
    Neutral Outlook

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

    Pros

    Excellent vacation policy, company paid STML and opportunity to work in different departments.

    Cons

    Outsourcing has been a primary objective to make Key "fit for growth" so many people are on edge "will we be next"?

There are newer employer reviews for KeyBank
There are newer employer reviews for KeyBank

See Most Recent

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