BMO Financial Group Reviews

Updated August 26, 2015
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BMO Financial Group President and CEO, BMO Financial and Director Bill Downe
Bill Downe
111 Ratings

Pros
  • Good work life balance in certain groups (in 39 reviews)

  • Good benefits - pros commentary ends here (in 25 reviews)

Cons
  • Bad work life balance in others (in 11 reviews)

  • The sales targets are ridiculous and very hard to meet month by month (in 12 reviews)

More Pros and Cons

247 Employee Reviews

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  1. OVER STRESSED COLLECTOR

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Account Specialist II in Naperville, IL
    Former Employee - Account Specialist II in Naperville, IL
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at BMO Financial Group full-time (More than 8 years)

    Pros

    The company over all is a great company to work for. great insurance, 401k, pension

    Cons

    worked in the collection department, the quality your required to up hold is 99.9% 1 call and you fail. 4 months of failing you loose your employment. I worked for BMO for over 7 years. The last 2 years were a nightmare. I was stressed all the time. The supervisors were stressed. No job is worth what they put you through. We lost sight of Customer service. The requirement to remember for the job was a 2 inch notebook as well as 3 page call quality to pass each call. your calling 1400 to 1800 calls per month. highly stressful job.

    Advice to Management

    Get back to grading fairly. Do make call quality the only part of the over all job. There is so many other parts to the job. sad when 1 call each month could effect you having a job. need to change the grading so that you don't loose all your seasoned collectors


  2. Helpful (1)

    good place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    good people and positive work environment

    Cons

    only real upward mobility is in canada


  3. review

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Associate in Schaumburg, IL
    Current Employee - Investment Associate in Schaumburg, IL
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    good job for investment world

    Cons

    there are always constant changes


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Junior Business Analyst

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Business Analyst in Boston, MA
    Current Contractor - Business Analyst in Boston, MA

    I have been working at BMO Financial Group as a contractor (More than a year)

    Pros

    They had good work culture and I liked working for them.

    Cons

    The salaries they pay are low.


  6. Lots of work

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    There is lots of on the job training and can be rewarding if you like reading into other businesses financials

    Cons

    Can get hectic during the busy season with lots of added pressure


  7. Financial Service Manager

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at BMO Financial Group full-time

    Pros

    Colleagues were willing to help anytime anywhere They give 3 weeks paid vacation Good benefits

    Cons

    Management is a disaster. Had a manager who only cared about number, never wanted to teach or lend a helping hand. You will find that is common in most branches

    Advice to Management

    Make sure you put people in management who are actually qualified.


  8. Helpful (1)

    Great Place to Work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Chicago, IL
    Former Employee - Anonymous Employee in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at BMO Financial Group (More than a year)

    Pros

    - Excellent benefits - Great people - Management actually cares about their employees

    Cons

    - Way too much unnecessary bureaucracy to achieve major improvements. - Stress is on creating processes and procedures, even when unnecessary. - Structure is overly complex, disorganized, and in a constant state of flux.

    Advice to Management

    So much bureaucracy is costing you a lot of money. Trim down the unnecessary processes.


  9. Helpful (1)

    Customer Service Representative II

    Former Employee - Service Representative II in Houston, TX
    Former Employee - Service Representative II in Houston, TX
    Recommends
    Neutral Outlook
    Disapproves of CEO

    I worked at BMO Financial Group full-time (More than 5 years)

    Pros

    Great internal management group in the Image Processing Department

    Cons

    Benefits were taken away after the acquisition.


  10. Good company

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Milwaukee, WI
    Current Employee - Anonymous Employee in Milwaukee, WI
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at BMO Financial Group full-time

    Pros

    Stability and job are good. Benefits and good. Technology and continued training is good. Overall it is a good place to work.

    Cons

    Pay could be better. Pay could be better. Pay could be better. Pay could be better. Pay could be better. Pay could be better.


  11. Call Center Banker

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at BMO Financial Group full-time

    Pros

    Decent pay, comfortable work environment, and great benefits. They have a great commitment to helping their employees advance.

    Cons

    Mandatory overtime and little flexibility with schedule. We worked in a 24 hour call center and the indivialts who responded to our schedule adjustment (vacation, sick time, etc) were in another state, which made for communication challenging.

    Advice to Management

    more flexibility with the demanding schedule



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