BMO Financial Group
3.2 of 5 373 reviews
www.bmo.com Toronto, Canada 5000+ Employees

BMO Financial Group Reviews

Updated Apr 10, 2014
All Employees Current Employees Only

3.2 373 reviews

                             

75% Approve of the CEO

BMO Financial Group President and CEO, BMO Financial and Director Bill Downe

Bill Downe

(177 ratings)

64% of employees recommend this company to a friend
373 Employee Reviews
Relevance Date Rating
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Review Highlights

Pros:
  • "Good work life balance in certain groups"
    in 34 reviews
  • "Good benefits- especially 6 Weeks parental leave,"
    in 22 reviews
Cons:
  • "It can be hard to move into other areas depending what location you work at"
    in 7 reviews
  • "Bad work life balance in others"
    in 7 reviews
  • Show more review highlights

Reviews

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • Approves of CEO

 

Great Company

Banker (Current Employee)
Chicago, IL

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

ProsGrowing
Strong Leadership
Srong local marketing presence

ConsPoor Technology
Difficult to get promoted

Advice to Senior ManagementFocus on sales growth and less on the micro management to acheive them

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

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Ok

Anonymous Employee (Former Employee)

I worked at BMO Financial Group

ProsNice firm good staff. Good benefits.

ConsManagement is a little disorganized.

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  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • No Opinion of CEO

 

Not a lot of Loyalty

Anonymous Employee (Former Employee)
Appleton, WI

I worked at BMO Financial Group full-time for more than 8 years

ProsLots of different areas to work in.

ConsHigh fees for customers, not a lot of growth opportunities, no loyalty to their employees.

No, I would not recommend this company to a friend

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  • Culture & Values
         
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  • Comp & Benefits
         
  • Career Opportunities
         
  • Approves of CEO

 

Good company, crazy sales goals for bankers. Upper management needs to be more realistic.

Personal Banker (Current Employee)
Lombard, IL

I have been working at BMO Financial Group full-time for more than a year

ProsGreat company, well structured with great benefits. Management seems to have the employees benefits in mind when doing things. Treat you like a person and not a number as long as you are doing your job.

ConsThey try to fit 15 lbs of sand in a 10 lb bag. Call nights suck, you have them at least once a week. Reminds me of the movie office space.

Advice to Senior ManagementMake your sales goals more realistic.

Yes, I would recommend this company to a friend

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  • Culture & Values
         
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  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • Approves of CEO

 

Good company with great ideas, but not always easy to put into action

Anonymous Employee (Current Employee)

I have been working at BMO Financial Group

ProsLot's of opportunities within the bank

Consnavigating all the layers within the company

Advice to Senior Managementmake more of an effort to maintain full time employees rather than hiring contractors

– I'm optimistic about the outlook for this company

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  • Culture & Values
         
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  • Career Opportunities
         
  • Approves of CEO

 

great place

Teller (Current Employee)
Ontario, CA

I have been working at BMO Financial Group full-time for more than a year

Prosgreat place to work, highlky reommend it

Conspay should be better - very low

Advice to Senior Managementkeep good people to stay with you

Yes, I would recommend this company to a friend

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  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • No Opinion of CEO

 

Company is very unorganized and not employee friendly

Mortgage Banker (Current Employee)
Schaumburg, IL

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

ProsBig Bank, promotes in house referrals for additional compensation

ConsWas told to sign a new employment contract that states that if a customer you did a mortgage for defaults, you will have to pay back commissions!! How is that even possible, seeing mortgage bankers don't make the decision for loan approval??? Huge problem with I.T. depts. and HR is sources out as well as most of the depts. Hard to get help!!!

Advice to Senior ManagementSee above

No, I would not recommend this company to a friend

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  • Culture & Values
         
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  • No Opinion of CEO

 

Lending group

Vice President (Current Employee)
Chicago, IL

I have been working at BMO Financial Group full-time

ProsGood work life balance in certain groups.

ConsBad work life balance in others

No, I would not recommend this company to a friend

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  • Culture & Values
         
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  • No Opinion of CEO

 

Great place to work

Anonymous Employee (Current Employee)

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

ProsWork with great people and on exciting projects as the bank develops its institutional asset management business.

ConsAs a large company it is sometimes slow to adopt newer technologies that would make completing one's job more efficient.

Advice to Senior ManagementInvest more in new technologies.

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

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  • Culture & Values
         
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  • Comp & Benefits
         
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  • No Opinion of CEO

 

They are trying to hard to play in the Big League

Anonymous Employee (Current Employee)

I have been working at BMO Financial Group

ProsYou learn everything, because most of the task are still done manually - and you have to cover loads of roles at once.

ConsThey are trying to expand the business but they dont invest in resources. Some of the process are so backwards.

No, I would not recommend this company to a friend

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Glassdoor is your free inside look at BMO Financial Group reviews and ratings — including employee satisfaction and approval rating for BMO Financial Group CEO Bill Downe . All 373 reviews posted anonymously by BMO Financial Group employees.