Leadership Issues and Toxic - Relationship Manager KeyBank Employee Review

2.0
Jun 6, 2023
Recommend
CEO approval
Business outlook

Pros

Technology is up to date, processes are solid, work provided tools are excellent, and work hours are average for banking.

Cons

Management is inconsistent. Many in leadership role are unsuitable for positive work environment. Positions go unfilled and goals are often not met, which affects your pay negatively (bonuses). Favoritism is a HUGE problem. Investment Advisors mostly try to remain hands off, but pressure to perform so they get paid (70% commission for 5% involvement). Employees are unhappy EVERYWHERE. There's an internal board people post on that proves it.

Explore other reviews about KeyBank

5.0
Jun 3, 2026
Recommend
CEO approval
Business outlook

Pros

Culture, opportunities, industry leading products and benefits

Cons

Internal politics and favoritism blocks talent

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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