BMO Financial Group Reviews

Updated January 25, 2015
13 reviews filtered by
  • Calgary, AB, Canada Area
  • Any Job Title
3.9
13 Reviews
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BMO Financial Group President and CEO, BMO Financial and Director Bill Downe
Bill Downe
264 Ratings

13 Employee Reviews

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  1. Talent Acquisition

    • 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

    Pros

    Appreciation of talent; opportunity to grow within the company.

    Cons

    Less emphasis on educational background

    Advice to ManagementAdvice

    Huge gap between almost to retire and less experience

    Recommends
    Positive Outlook
    Approves of CEO
  2. Commercial analyst

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

    I have been working at BMO Financial Group full-time (less than a year)

    Pros

    Great managers and excellent training. Love the people and culture. Everyone really cares about the customer. Amazing training facility and they have weekly checkins/coaching with manager. Comprehensive online training modules too. Love it. Best move I ever made.

    Cons

    None so far. Really can't think of anything. Very impressed with this organization

    Advice to ManagementAdvice

    Keep song what you do! Love the onboarding and commitment to employees. Great support and training.

    Recommends
    Positive Outlook
    Approves of CEO
  3. BMO CSR

    • 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

    Pros

    Friendly environment, lots of room to grow within the company

    Cons

    low salary, stressful and high paced

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
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  5. 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
  6. 2 people 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
  7. 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 a 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
  8. 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
  9. 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
  10. 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
  11. 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 a 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

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