BMO Financial Group

  www.bmo.com
  www.bmo.com

BMO Financial Group Reviews in Calgary, AB

523 Reviews
3.2
523 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
BMO Financial Group President and CEO, BMO Financial and Director Bill Downe
Bill Downe
242 Ratings

Review Highlights

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

  • Good benefits- especially 6 Weeks parental leave, (in 25 reviews)


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

  • It can be hard to move into other areas depending what location you work at (in 7 reviews)

More Highlights

10 Employee Reviews Back to all reviews

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  1.  

    Portifolio analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Analyst in Calgary, AB (Canada)
    Former Employee - Analyst in Calgary, AB (Canada)

    I worked at BMO Financial Group full-time (more than 3 years)

    Pros

    Good all round banking exposure

    Cons

    Tight turnaround times, changing policies and procedures.

    Advice to ManagementAdvice

    non

    Recommends
    Neutral Outlook
    Approves of CEO
  2. 1 person found this helpful  

    Decent, but cutting costs to catch up to competitors growth

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Calgary, AB (Canada)
    Current Employee - Anonymous Employee in Calgary, AB (Canada)

    I have been working at BMO Financial Group full-time (more than 3 years)

    Pros

    Company training is the best in the industry
    Starting salary was good for new grad
    My team and other co-workers are fantastic; many great people in the company
    They try to promote from within when possible
    Stock purchase options are good (and value steadily increasing)

    Cons

    Bonus pay is extremely uncertain. No matter how good you do, it can be stripped by bad management or poor area performance.
    Certain managers try to keep their people on the lowest paid jobs possible with no promotion. I have seen many talented people leave due to this

    Advice to ManagementAdvice

    Find a better way to truly evaluate the value of individuals and compensate them accordingly. I have seen commercial bankers abuse the system and get massive salaries, but other individuals who are providing great value and service get scraps. Scrutinize branch managers by having third parties perform exit interviews or random year end interviews.

    Recommends
    Neutral Outlook
    No opinion of CEO
  3.  

    Challenging but Rewarding

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Commercial Account Manager in Calgary, AB (Canada)
    Current Employee - Commercial Account Manager in Calgary, AB (Canada)

    I have been working at BMO Financial Group full-time (more than an year)

    Pros

    Good learning experience
    Opportunities abound to relocate within the bank
    Good training and development program
    Celebrates success

    Cons

    very bureaucratic
    reward system is not the best compare to peers

    Advice to ManagementAdvice

    Reward education and improve the reward system to match peers

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Small Business Banker

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Small Business Banker in Calgary, AB (Canada)
    Current Employee - Small Business Banker in Calgary, AB (Canada)

    I have been working at BMO Financial Group full-time (more than 3 years)

    Pros

    Stable employment. Good benefits. Respected company.

    Cons

    Low pay. Disorganized management. No mentorship.

    Recommends
    Neutral Outlook
  6. 3 people found this helpful  

    BMO OUTSOURCING JOBS TO INDIA. BMO cutting front line staff

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Branch Manager in Calgary, AB (Canada)
    Current Employee - Branch Manager in Calgary, AB (Canada)

    I have been working at BMO Financial Group full-time (more than 5 years)

    Pros

    I have nothing good to say about a company that calculates customer wait times and chooses to increase these wait times from 3 minutes to 5-7 minutes to save money, to pad executive bonuses.

    Cons

    Cutting front line CSR jobs in Calgary. Went from one VP in Calgary to 8 VP's in November to "bring staff closer to the customer".

    Advice to ManagementAdvice

    Keep jobs in Canada for Canadians. Stop cutting CSRs jobs.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7.  

    Okay place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Bank Teller in Calgary, AB (Canada)
    Current Employee - Bank Teller in Calgary, AB (Canada)

    I have been working at BMO Financial Group full-time (more than 3 years)

    Pros

    Friendly environment, reasonable work life balance

    Cons

    Lack of career prospects, repetitive work

    Advice to ManagementAdvice

    Be more open to promoting

    Recommends
    Neutral Outlook
    No opinion of CEO
  8. 1 person found this helpful  

    Customer Service Rep- Teller

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Customer Service Representative in Calgary, AB (Canada)
    Former Employee - Customer Service Representative in Calgary, AB (Canada)

    I worked at BMO Financial Group full-time (more than an year)

    Pros

    good benefits, 3 weeks paid vacation for full time employees. $29500 starting salary.. great for young people,

    Cons

    training is not very good if you're in a busy branch you're development comes last.. if you make mistakes you will be reprimanded.. regardless whether it has to do with poor training or not..

    Advice to ManagementAdvice

    Take annual employee survey results seriously and conduct branch investigations when results are more negative than positive..

    Recommends
    Neutral Outlook
    Approves of CEO
  9.  

    Commercial Banking Officer in BMO

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Commercial Banking Officer in Calgary, AB (Canada)
    Former Employee - Commercial Banking Officer in Calgary, AB (Canada)

    I worked at BMO Financial Group full-time (less than an year)

    Pros

    BMO is one of the largest financial institutions in Canada, hence there maybe many internal opportunities depending on the overall performance of the economy.
    In this role, you will get some exposure to credit analysis, and potentially have an opportunity to become a relationship manager. However, in general, management wants to hold you on this position for at lease 2 years. If you want to switch your career from personal banking to commercial banking, this will be a good start.
    There is work life balance in this position, normally from 8 to 5. (Depending on your team too, for my previous team, I sometimes need to work until 11)

    Cons

    Salary for this position is low, starting 39k. I don't know other people in the same position in different financial institutions, so I can't compare. The absolute value to me is low.

    Advice to ManagementAdvice

    Increase salary.

    Recommends
    Neutral Outlook
    No opinion of CEO
  10.  

    BMO Customer Service Representative

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Customer Services Representative in Calgary, AB (Canada)
    Current Employee - Customer Services Representative in Calgary, AB (Canada)

    I have been working at BMO Financial Group part-time (more than an year)

    Pros

    great team environment, high energy, quick learning environment

    Cons

    sometimes political just like any other major bank

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    First real job

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Calgary, AB (Canada)
    Current Employee - Anonymous Employee in Calgary, AB (Canada)

    I have been working at BMO Financial Group

    Pros

    My first real job was with BMO and surprisingly good. The company adopts technology and is willing to change to improve performance. I also had the best boss there I have ever had.

    Cons

    I found management too sales focused.

    Advice to ManagementAdvice

    Focus on the engaging employees so they are build positive working relationships.

    No opinion of CEO

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