BMO Financial Group Reviews

Updated September 17, 2014
Updated September 17, 2014
466 Reviews
3.2
466 Reviews
Rating Trends

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

Review Highlights

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

  • Good benefits- especially 6 Weeks parental leave, (in 22 reviews)


Cons
  • Bad work life balance in others (in 9 reviews)

  • The sales targets are ridiculous and very hard to meet month by month (in 16 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Diverse and dynamic Experience

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

    I worked at BMO Financial Group full-time

    Pros

    Big umbrella to work under
    Opportunity for growth.

    Cons

    The pros are limited if you have a bad manager

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  2.  

    Lots of potential

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Compliance Officer  in  Chicago, IL
    Current Employee - Compliance Officer in Chicago, IL

    I have been working at BMO Financial Group full-time for more than 8 years

    Pros

    Great benefits, great people, strong culture / values

    Cons

    Challenging work life balance
    Lower end of compensation

    Advice to ManagementAdvice

    Keep pace with industry with innovation and compensation in order to attract and retain top talent

    Recommends
    Neutral Outlook
    Approves of CEO
  3.  

    Great Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Banker  in  Chicago, IL
    Current Employee - Banker in Chicago, IL

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

    Pros

    Growing
    Strong Leadership
    Srong local marketing presence

    Cons

    Poor Technology
    Difficult to get promoted

    Advice to ManagementAdvice

    Focus on sales growth and less on the micro management to acheive them

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Ok

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at BMO Financial Group

    Pros

    Nice firm good staff. Good benefits.

    Cons

    Management is a little disorganized.

  6.  

    Not a lot of Loyalty

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

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

    Pros

    Lots of different areas to work in.

    Cons

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

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7.  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Personal Banker  in  Lombard, IL
    Current Employee - Personal Banker in Lombard, IL

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

    Pros

    Great 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.

    Cons

    They 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 ManagementAdvice

    Make your sales goals more realistic.

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

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

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

    I have been working at BMO Financial Group

    Pros

    Lot's of opportunities within the bank

    Cons

    navigating all the layers within the company

    Advice to ManagementAdvice

    make more of an effort to maintain full time employees rather than hiring contractors

    Positive Outlook
    Approves of CEO
  9.  

    great place

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Teller  in  Ontario, CA
    Current Employee - Teller in Ontario, CA

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

    Pros

    great place to work, highlky reommend it

    Cons

    pay should be better - very low

    Advice to ManagementAdvice

    keep good people to stay with you

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    Company is very unorganized and not employee friendly

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Mortgage Banker  in  Schaumburg, IL
    Current Employee - Mortgage Banker in Schaumburg, IL

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

    Pros

    Big Bank, promotes in house referrals for additional compensation

    Cons

    Was 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 ManagementAdvice

    See above

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11.  

    Lending group

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President  in  Chicago, IL
    Current Employee - Vice President in Chicago, IL

    I have been working at BMO Financial Group full-time

    Pros

    Good work life balance in certain groups.

    Cons

    Bad work life balance in others

    Doesn't Recommend
    No opinion of CEO

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