The study examined the effect of team formation strategies on job satisfaction of employees in deposit money banks in Benin City. Specifically, the study determined the effect of skill-based, demographic based, and self-selection team formation strategies on the job satisfaction of the employees. The study adopted a correlational survey research design. The population of the study was made of employees from three deposit money banks in Benin City. The sample size was determined using the Yamane‘s formular. Questionnaire was the main research instrument.