BMO Financial Group

  www.bmo.com
  www.bmo.com

BMO Financial Group Reviews

Updated December 18, 2014
Updated December 18, 2014
523 Reviews
3.2
523 Reviews
Rating Trends

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Approve of CEO
BMO Financial Group President and CEO, BMO Financial and Director Bill Downe
Bill Downe
242 Ratings

Review Highlights

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

  • Good benefits- especially 6 Weeks parental leave, (in 25 reviews)


Cons
  • Bad work life balance in others (in 11 reviews)

  • It can be hard to move into other areas depending what location you work at (in 7 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    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 (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
  2.  

    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 (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
  3.  

    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.

  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    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 (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
  6.  

    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
  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 (more than an 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.  

    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 (more than an 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
  9.  

    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 (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
  10.  

    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
  11.  

    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 (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

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