BMO Capital Markets
3.0 of 5 47 reviews
www.bmocm.com Toronto, Canada

BMO Capital Markets Reviews

Updated May 14, 2014
All Employees Current Employees Only

3.0 47 reviews

                             

75% Approve of the CEO

BMO Capital Markets CEO Tom Milroy

Tom Milroy

(16 ratings)

53% of employees recommend this company to a friend
47 Employee Reviews
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    Analyst Program

    Investment Banking Analyst (Current Employee)
    New York, NY

    ProsI worked as an analyst here. Good benefits, decent bosses. Good comped.

    ConsIt's an investment bank. Be prepared to work long hours.

    Yes, I would recommend this company to a friend

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    Guess

    Anonymous Employee (Current Employee)

    ProsCould not find any nice to say.

    ConsLack of Leader ship and training.

    Advice to Senior ManagementLearn how to manage and treat your co-workers.

    No, I would not recommend this company to a friend

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    Solid company, but a bit behind the times

    Anonymous Employee (Former Employee)

    ProsPositive work environment, managers are accommodating, better work-life balance than many other investment banks

    ConsManagement can be disorganized and have unpredictable demands, IT lacks competence and is stuck in the 90s

    Advice to Senior ManagementImprove IT services and establish demands more clearly

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    Outside of Canada, disorganized, poor working environment, poor senior leadership

    Anonymous Employee (Former Employee)

    ProsLocations and benefits are terrific

    ConsSenior management and working enviornment

    Advice to Senior ManagementFocus on customers and employees to drive growth not political posturing, there is enough of that in D.C. Remove employees that are HR nightmares, retain employees of value and those reflecting the image of the the bank.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    Boring. Lots of Deadwood

    Anonymous Employee (Former Employee)

    ProsEasy, pays well. nice generally unmotivated people.

    ConsBoring. Lots of dead wood. few opportunities to transfer

    Advice to Senior ManagementDo something to earn your pay.

    Yes, I would recommend this company to a friend

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    in the meantime, in between time

    Anonymous Employee (Former Employee)
    New York, NY

    Pros-great pay (esp. at the junior level) that is comparable to the street, if not more.
    -bonus is completely based on politics, which is great if you can navigate through the convoluted maze

    Cons-limited trajectory
    -you won't really learn that much since you're constantly pitching (still suffers from being slotted into fourth/fifth co-manager roles)

    Advice to Senior Management-Figure out the strategy for the New York office since it's evident that this office is hemorrhaging and not executing

    Yes, I would recommend this company to a friend

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    Good experience, good people, not the best IB

    Investment Banking Analyst (Former Employee)
    Boston, MA

    ProsI enjoyed the balance but not highly regarded in IBD. Can make it tough to win deals. That said, I had a good and fortunate experience.

    ConsNot highly regarded which makes exit pops tough.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Disappointing Third Tier Bank

    Anonymous Employee (Former Employee)
    New York, NY

    Pros- if you try hard - you can manage work/life balance.
    - most everyone is pleasant
    - consider it a "short term" step vs. career

    Cons- jr staffers are not treated well or respected. Thought of as worker bee's. Sr managers are not respectful of jr's time or outside life. Many canceled vacations...

    - company is mired down in "processes" vs. actual achievements. Constantly re-creating the wheel vs. using it.

    - many layers of management. You really do need to use a current org chart.

    - US HQ is Chicago (not NYC). As a result NYC is just a puppet managed from a distance by Chicago who is disconnected by culture. (i.e. idea to eliminate car service in NYC submitted by Chicago. Have you ever tried to get a cab in times square?)

    - Management in Chicago is 100% loyal to their staff regardless of performance or issues.

    - It's cheaper to keep staff in Chicago vs. NYC. When there is talk of staff reductions - spotlight on NYC!

    - NYC group is trying unsuccessfully to break into NYC big banking/Wall Street. Failing. Third/Fourth/Fifth bookrunner for no fee doesn't count!

    - Saw lots of exorbitant costs and money spent on travel and "prospecting". While at the same time it's Bring Your Own Office Supplies. Tip: Hoard paper reams. There are no paper clips while manager X slept at the Four Seasons last night.

    - Pay & bonus structure is horrible. December is not a happy time in the NYC office. Lots of departures in January. Many departures after 2 bonus cycles (first a partial year, second full year).
    Skip the holiday party as it's usually just after bonus announcement and staff is peeved. Not a great party mood. Bonus has absolutely nothing to do w/ your performance.

    - Mentoring is absent in any real way. Over the course of several years I never worked with anyone "stellar" at their job in terms of talent, etc. Everyone was "just okay". There was no one you would ever call later as a business colleague.

    - Your success is dependent on the manager you are linked to. You are linked to your PM/MD for all projects - not project based. i.e. you are stuck w/ "John" for the duration. If he's not good to work with, and liked among his peer level - you are doomed.

    - HR has no idea what is going on (in part because for a long time they were in another building!). During exit interview when I told HR I'd been working with John Doe and Jane Doe, senior HR rep actually says - "who is John Doe?". (He was a long time MD). NYC office is small enough that HR should know the players.

    - HR is also totally unaware of performance issues. I saw a lot of professional/office bullying. Total inappropriate but nothing was done.

    - Lots of Lehman cast offs. There is a reason it failed... Land of the lost Lehmans!

    - Attempts at social outings are limp. Don't expect group birthday celebrations, baby shower, etc. as financial collections are considered "gambling" by HQ. Yet, there is annual superbowl, march madness pool.

    - Overall if you are not an MD, don't expect to be respected or have much chance of advancement. The annual promotion list is very very small. Several third, fourth years still lingering.

    BMO NYC is just too unstable and volatile to take a job here. If you do - don't plan to be there more than a couple years - you can't afford to stay.

    Advice to Senior Management- Close the NYC office you don't belong in the big league.
    - Stop treating the NYC office as a necessary evil / stepchild to Chicago.
    - Cough up more money for salaries. You want big league players - you have to compensate them properly.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    Too top heavy and unwilling to develop junior people

    Equity Research Associate (Current Employee)
    New York, NY

    ProsGenerally less bad hours. Have some talented teams.

    ConsPay is not competitive. Sales staff has been turning over rapidly. They have been adding more and more high priced senior management figures. Unclear strategy of how the firm will compete in the US.

    Advice to Senior ManagementDevelope a strategey of how and where we can effectively compete.

    No, I would not recommend this company to a friend

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    Great Place to Work in New York

    Anonymous Employee (Current Employee)

    ProsGood people, not your typical bank

    ConsHighly political environment.. comp not based on performance.

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Glassdoor is your free inside look at BMO Capital Markets reviews and ratings — including employee satisfaction and approval rating for BMO Capital Markets CEO Tom Milroy. All 47 reviews posted anonymously by BMO Capital Markets employees.