KeyBank reviews

3.6

60% would recommend to a friend

(3,513 total reviews)
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Chris Gorman

64% approve of CEO

53% positive business outlook

KeyBank has an employee rating of 3.6 out of 5 stars, based on 3,513 company reviews on Glassdoor which indicates that most employees have a good working experience there. The KeyBank employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

4K reviews
2.0
Sep 10, 2021

Glad I left

Recommend
CEO approval
Business Outlook

Pros

Good amount of PTO and good 401k plan

Cons

I worked for Key for almost five years. They do little to nothing to reward their employees. In the time I worked there, I was always told how great I was performing and never given a raise in my yearly review. In 2020 during the pandemic my branch manager left the company right as I was starting my new position. I was left to learn my new role without any proper training and left in charge of a branch in a shutdown. I helped everyone who had questions for the manager and even ran in and out of the branch (handling large amounts of cash) to those waiting outside in the drive thru all summer. Key wouldn’t even bother to spend money on us to have water to drink. We had to bring our own or go buy water. If that doesn’t show how cheap they are as a multi billion dollar company I don’t know what else will. During my last yearly review I was told how great I performed during the pandemic and all they could muster was a measly 50 cent raise. My manager told me my raise was confidential (it’s not) and that other people didn’t get raises. ( I found out the person I was training with zero banking experience was making more than 2 dollars an hour more than me) This was the breaking point for me. Other cons: The break room in the branches is a empty room without any TV or access to phone service. (And you are always on break alone, so no one to talk to) so everyone sits in their car for an hour on lunch. The branches have always been severely understaffed, it isn’t uncommon to only have 2 employees present. (You don’t get a break on those days either) It is a security risk and Key doesn’t care about it or they would staff the branches better. While I mentioned that they give a good amount of PTO you can’t actually use it most of the year. You have to plan your pto with your coworkers in January for the full year and 2 people cannot be off at the same time. This ends up blocking out 6 months that you cannot pick from and what company makes employees plan EVERY day off at the beginning of the year? Good luck if someone invites you somewhere for a long weekend a month in advance… you’ll be lucky to get that off and if you do they make you feel guilty about it. Sales policy is horrible, it’s a 100% or nothing model, and the payout sucks. I was over 120% to my quarterly sales goal and I was lucky to get $900 before taxes. Keep in mind they say your going to make so much money in sales in your interview… it simply is not true. Anyway, I could go on and on. I’m glad I left, after my time there I think Key is the most greedy company I’ve ever worked for and wouldn’t recommend it.

2.0
Jul 13, 2021
Recommend
CEO approval
Business Outlook

Pros

-Work life balance -Potential to earn high commissions through KIS if you are willing to sell bad investment products -6% 401k match with fidelity -Employee pricing on lending and investment products

Cons

-Since the change of CEO, the company has gone way downhill. Prior to the change, they hired primarily from within, offered a great commission plan and were very community oriented and charitable. The first few actions the CEO has taken since the change were to change the commission plan so fewer people received good payouts, increase the licensed banker expectations to unrealistic levels so that they would have an excuse to pay for less licensed individuals and increase audits and compliance procedures so they would have an excuse to cut staff without offering severance (I know several great employees who have been fired recently due to petty things like not fitting the whole name of a trust with a ridiculously long name into their dated system that can't accommodate names beyond a certain length). All of this was after the CEO publicly announced planning to reduce staff and close branches "to meet the challenges of forced digital adoption due to COVID". -Hard work is not recognized. If you are 150% to all your goals but one, you will be publicly called out on and berated for missing that single category. -The health plan is a high deductible joke of a plan. I regularly visit the doctor to refill prescriptions and have had expensive specialist visits in the last year. Key's health insurance plan hasn't paid a dime. You might as well pay for dread disease insurance or a private plan. -Endless meetings and trainings that serve no purpose but to gain facetime and show "motivation and drive" for the host of the meeting. -Hire from within between different areas of the bank is all but dead. I've applied to multiple entry level roles outside the retail network that I was objectively qualified for (graduate degree with excellent GPA, management experience and multiple industry certs) and received the "we've decided to pursue more qualified candidates" email without even a phone interview -I was hired told that this was a service focused role and that product suitability is the primary concern and that we are there to truly help the clients achieve financial wellness. Now the financial wellness review guide is a thinly veiled tool to push as many products as possible and as licensed bankers we are expected to write solo sales off of a portfolio of objectively bad investment and insurance products with outrageous expense ratios and poor performance.

1.0
Jun 23, 2021

Horrible

Recommend
CEO approval
Business Outlook

Pros

Decent pto and decent pay.

Cons

Horrible micro management even if you’re a producer. No support from hr, complaints are swept under the rug. You will be made to feel guilty when you take earned vacation time.

Viewing 316 - 318 of 3,513 Reviews

Glassdoor has 3,823 KeyBank reviews submitted anonymously by KeyBank employees. Read employee reviews and ratings on Glassdoor to decide if KeyBank is right for you.