BMO Financial Group Reviews

Updated September 28, 2014
Updated September 28, 2014
469 Reviews
3.2
469 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
BMO Financial Group President and CEO, BMO Financial and Director Bill Downe
Bill Downe
220 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.  

    Great place to work

    • 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 full-time for more than 3 years

    Pros

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

    Cons

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

    Advice to ManagementAdvice

    Invest more in new technologies.

    Recommends
    Positive Outlook
    No opinion of CEO
  2.  

    They are trying to hard to play in the Big League

    • 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

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

    Cons

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

    Doesn't Recommend
    No opinion of CEO
  3.  

    Good place to work

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

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

    Pros

    Involved in the community. Trying to innovate and "get with the times" though they are playing catch-up.

    Cons

    Technology is sub-par. A lot of red tape and bureaucracy.

    Advice to ManagementAdvice

    Improve the technology and get a consultant to come in and rework the internal processes. The process work that has been done is siloed and doesn't go far enough.

    Recommends
    Positive Outlook
    Approves of CEO
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  5. 1 person found this helpful  

    Hard place to work for.

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

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

    Pros

    Some workers are nice and help the team.

    Cons

    Bad management and training, dirty office space. Lack of leadership.

    Advice to ManagementAdvice

    Learn how to training and support the team.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6.  

    great benefits, no room for advancement

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Operations Specialist  in  Milwaukee, WI
    Current Employee - Operations Specialist in Milwaukee, WI

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

    Pros

    great benefits, knowledgable help from others in departments

    Cons

    no room to move up, causing less drive in employees

    Neutral Outlook
    Approves of CEO
  7. 1 person found this helpful  

    Money hungry company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Customer Service Representative  in  Pleasant Prairie, WI
    Former Employee - Customer Service Representative in Pleasant Prairie, WI

    I worked at BMO Financial Group full-time for more than a year

    Pros

    My supervisor was great and easy to get along with.

    Cons

    No raises, hard sales goals

    Doesn't Recommend
    Approves of CEO
  8. 2 people found this helpful  

    Sad place to be

    • 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

    Pros

    It's a bank, there is some stability unless there is a major re-roganization. Some financial perks, but they are dissapearing fast.

    Cons

    Promotion is based on who you know and seniority, not on skills and results, as such, most people with skills and ambition move on, while only the ones who settle stay. Seriously incompetent people work alongside very competent people. Too much outsourcing, to the point where the bank's bottom line is impacted.

    Advice to ManagementAdvice

    Measure outsourcing in results not just costs , and empower and promote on results and feedback not cronyism.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  9.  

    Overall Good Experience

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

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

    Pros

    Great Pay, Competitive Sales Bonuses, Flexible Hours while in school, tuition reimbursement. Really cares about customer.

    Cons

    Micro Managing Managers, with little to know experience in the banking field.

    Advice to ManagementAdvice

    Get more training, and hire people with more experience.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Amazing, Educational Internship Experience

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

    I worked at BMO Financial Group as an intern for less than a year

    Pros

    Very engaging, challenging work, incredible opportunities for mentorship and personal growth, great pay, and a fantastic company culture! Cannot recommend this program enough!

    Cons

    None that I can think of! They even give you the opportunity to get involved outside of work at community events sponsored by the organization!

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Not a bad place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Trust Ops  in  Milwaukee, WI
    Current Employee - Trust Ops in Milwaukee, WI

    I have been working at BMO Financial Group full-time for more than 10 years

    Pros

    Coworkers are great... I enjoy the employee appreciation events

    Cons

    Outsourced hr is horrible! Why does it take 4 times to get anything through technology?

    Recommends
    Positive Outlook
    Approves of CEO

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