BMO Financial Group

www.bmo.com

BMO Financial Group Reviews

Updated January 29, 2015
Updated January 29, 2015
564 Reviews
3.3
564 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
BMO Financial Group President and CEO, BMO Financial and Director Bill Downe
Bill Downe
260 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.  

    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 (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
  2.  

    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 (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
  3.  

    Product Specialist

    • 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 5 years)

    Pros

    Great work environment. High level of expertese. Good MBA reimbursement policy

    Cons

    None that come to mind

    Advice to ManagementAdvice

    Keep up the good work

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    Okay

    • 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

    Depends on the people you work ith

    Cons

    Not diverse nough. Minorities feel left ou.

    Advice to ManagementAdvice

    Recruit retain nd promote qualified minorities

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Service Rep

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

    I have been working at BMO Financial Group part-time (more than a year)

    Pros

    Felxible, Decent Hours, growing company.

    Cons

    The systems are very outdated. Bonuses are being cut back

    Advice to ManagementAdvice

    Care for your employees.

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

    Great company!

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

    I have been working at BMO Financial Group (less than a year)

    Pros

    Values you as an employee, competitive pay, fun working atmosphere, managers communicate well, great training

    Cons

    If you don't like call centers, don't work in a call center

    Recommends
    Approves of CEO
  8.  

    Good corporate culture

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

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

    Pros

    They are very organized, well marketed and have a robust product offering. They understand what works and are willing to build on it

    Cons

    Audit and Legal rule the roost. They almost trip on themselves and getting anything done requires too much red tape.

    Recommends
    Neutral Outlook
    Approves of CEO
  9.  

    Bait, Switch.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Planner, Investment & Retirement Planning in Indianapolis, IN
    Former Employee - Financial Planner, Investment & Retirement Planning in Indianapolis, IN

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

    Pros

    The branch level folks are great to work with, by and large.. but there is distinct silo-ing between bank and broker, thanks to the removal of incentives to refer.

    Cons

    Very little seasoned support in the field so I work way too many hours. Back office is miserable to work with with few exceptions, as the good ones were tossed out in the merger. Salaries went away when BMO came to town. I have to pay out of pocket for managed money client account processing (MONTHLY!). $10 per client, per month. 100 clients... $12,000 out of my poicket per year... AND take my salary away? Really? See ya.

    Advice to ManagementAdvice

    Be straightforward. Don't sugar coat. Don't be so greedy. INVEST in your FA's... maybe some formal sales training to keep the talent growing in practice and compliant.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  10. 1 person found this helpful  

    Changed for the worse

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

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

    Pros

    The health insurance is relatively inexpensive and vacation benefits are pretty good, hours are convenient for the employees.

    Cons

    Technology still not up to par, manager's know less than the employees, sales goals are unrealistic and the products are changing for the worse and making it harder to recommend

    Advice to ManagementAdvice

    Step into the shoes of your employees and see how overwhelmed they are with all of your unrealistic expectations and goals given the technology and products available. We are trying but we need more support!

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  11.  

    Great bank, too much going on with the merger

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

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

    Pros

    Great benefits, take care of their employees.

    Cons

    Very sales oriented, doesn't have a great incentive program

    Recommends
    Positive Outlook
    Approves of CEO

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