BMO Financial Group Reviews

Updated July 6, 2015
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3.4
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BMO Financial Group President and CEO, BMO Financial and Director Bill Downe
Bill Downe
279 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

624 Employee Reviews

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  1. Run!!!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at BMO Financial Group part-time

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    The Pay was decent but not worth the stress

    Cons

    Everything about that call centre is evil. Turn the other way and run!!

    Advice to Management

    stop torturing employees and hate yourself for not following your dreams


  2. Corpotaye position

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at BMO Financial Group

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    There are no Pro's regarding this company

    Cons

    Extremely dysfunctional organization with limited/poor decision making


  3. Sweat shop

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - FSM in North Bay, ON (Canada)
    Former Employee - FSM in North Bay, ON (Canada)

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

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    Pros

    Discounts on mortgages and credit card rates were not taxable benefits.
    You get to meet a number of nice clients from the community

    Cons

    Unrealistic goals
    micromanaging
    any excuse to say they wont pay your bonus (right before they announce unbelievable quarterly net profits that end in "billion."

    Advice to Management

    Don't ask how to improve things and then shoot down the ideas instantly. At least wait until the next day an pretend that you at least thought about how the ideas may or may not work.


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  5. Bank Teller

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Bank Teller in Burnaby, BC (Canada)
    Former Employee - Bank Teller in Burnaby, BC (Canada)

    I worked at BMO Financial Group

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    You get to work with people all day and you start to make regulars. People that will wait in line just to see you.

    Cons

    At the specific Branch I worked at they would have myself and my coworkers work for an extra 2 hours almost every night looking for the difference. They wouldn't pay us which is illegal. I brought it up and I was fired.

    When I was hired they told me it would be $15/h and then $17/h after my 3 month training probation. They lied. They denied such a pay grade even existed.


  6. Management has blinders on and live in a bubble

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Service Representative in Brookfield, WI
    Current Employee - Senior Service Representative in Brookfield, WI

    I have been working at BMO Financial Group

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Many highly skilled and kind co-workers

    Cons

    you will never advance in this company. Management only communicate amongst themselves and when the do talk to you it is in a very condescending manner. You will receive very little training because management does not have any set procedures.

    Advice to Management

    Open your eyes and get off your high horse.


  7. Deteriorating Bank

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Commercial Account Manager
    Former Employee - Commercial Account Manager

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Employed, salary fair, vacation fair

    Cons

    Outdated systems all throughout the Company. Loan platforms are complex and open for mistakes which leads to compliance issues. Credit people are so old that they cannot come to terms with today's lending needs of the customers. Instead of managing risks, credit room eliminates risks by declining much of the loan applications unless clients willing to give their house as collateral - Bank does not like to have a lending value deficit. Long hours inputting information on loan platform. Too many unnecessary tasks for the Account Mgr to deal with - for example documenting client information & having to attest to it; my take is that the Bank wants this documented so that when someone leaves the organization, the replacement has a way of connecting the dots with the client. Morning meetings that are meaningless at branch level which includes commercial staff.

    Advice to Management

    Bank need to focus on customer service especially with all the service charges that the Bank collects! You need to rotate those old timers out of the credit room so that they can smell the cow manures that the CAM's do - have a reality check. Bank has spent a ton of money for training their CAMs & SB, however, you continue to treat staff with undue care and thereby losing them faster than IFL can graduate them. A happy employee is a productive employee and a loyal employee......however, knowing the history of Banking in Canada, they don't care about staff longevity because a tenured staff would have more benefits, vacation, pension; so by stressing staff regularly and hoping they would leave on their own - the Bank win. Look at the job openings available currently - Commercial Account Managers are leading the way. Congrats on training people that are now serving customers at the competition.


  8. Helpful (4)

    Banks suck

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Applications Software Developer in Toronto, ON (Canada)
    Current Employee - Applications Software Developer in Toronto, ON (Canada)

    I have been working at BMO Financial Group

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    It's a job, that's really it. It's nice to have a job.

    Cons

    Terrible idea for anyone coming out of school to contract with them as they are cheap and won't raise salary between contracts. Terrible place for career growth, too much politics, projects are horribly mismanaged, too much complacency and no real merit based system.

    Advice to Management

    Get rid of your current management and run this like a tech company. Banks are very tech driven now. Get with the times.


  9. customer service

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at BMO Financial Group

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    good workers. they were really nice and tried to help out a lot. the staff is friendly and quite supportive of eachother

    Cons

    pay is very low. management pushes you to sell stuff to customers and lie to them about bank accounts just for profit. a lot of favoritism goes on as well


  10. Helpful (1)

    unpleasant working environment. Had to work with some extremely underqualified people with low work ethics.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Services Coordinator in Toronto, ON (Canada)
    Former Employee - Financial Services Coordinator in Toronto, ON (Canada)

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

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    It is a good starting experience for a student. It is a good company name to put on your resume.

    Cons

    Extremely low salaries, in motivating work environment and culture within the team.

    Advice to Management

    Motivate your employees better, pay compatible salaries.


  11. Bmo believes it is moving forward however it is moving backwards

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at BMO Financial Group

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    The employee share ownership program

    Cons

    Bmo does not value its employees



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