BMO Financial Group Reviews

Updated March 25, 2015
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Employee Reviews

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  1. 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
  2. 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
  3. 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
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  5. 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
  6. Great Company

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

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

    Pros

    Good benefits, good people, very segregated as it is a large large company

    Cons

    Complex organizational structure, hard to make quick decision

    Recommends
    Negative Outlook
    Approves of CEO
  7. 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
  8. direct mangement mean

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

    I have been working at BMO Financial Group

    Pros

    good people as they look ,coffee ,hours

    Cons

    direct manahement keep asking for respect ,while we have no idea why they ask for that,security play in our computers affect our performance for long weeks without any clue why they do that.

    Advice to ManagementAdvice

    we worried about our tasks ,and we completely victim of none respect crime and dont play in our machines and destroy our work ,becuase direct manger mean.

    Recommends
  9. 1 person found this helpful

    Disappointing and terribly confusing company to work for.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Milwaukee, WI
    Current Employee - Anonymous Employee in Milwaukee, WI

    I have been working at BMO Financial Group

    Pros

    Good Pay and
    Good Benefits

    Cons

    Poor direction and communication from Management
    Outdated Technology
    Overworked - no help provided when there is too much work

    Advice to ManagementAdvice

    Do not ignore your employees when they ask simple questions like "where do I fit in and what role is expected of me". Your empolyees cannot meet you expectations if they have not clue what they are, Please Communicate!!!!!
    Provide better resources to assist employees in getting an impossible workload manageable. Good people will continue to leave you without these changes.

    Doesn't Recommend
    Disapproves of CEO
  10. Since the transition of M&I and BMO, I have had all positive experiences.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Credit Analyst in Phoenix, AZ
    Current Employee - Credit Analyst in Phoenix, AZ

    I have been working at BMO Financial Group

    Pros

    BMO has a very sound background for their Commercial Banking teams. There is a reason why M&I failed and BMO came in to take over the company. I can definitely see BMO implementing some profitable ideas into the old M&I standards which will bring in new profitable business.

    Cons

    The only downside that I have experienced with BMO is the corporate structure, being so large, can make the recruiting and hiring process a lengthy one.

    Advice to ManagementAdvice

    Keep your same conservative approach and backgrounds but trust the employees to go out and do their best to bring in new business.

    Recommends
    Approves of CEO
  11. Good opportunites in the future.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Business Intelligence Architect in Milwaukee, WI
    Current Employee - Business Intelligence Architect in Milwaukee, WI

    I have been working at BMO Financial Group

    Pros

    Good work environment
    Good compensation packages (401k, pension, insurance, ect)
    Professional co-workers
    Ability to "move up"
    Lots of opportunity to provide value

    Cons

    Need more communication from Canada about the US
    Need direction from managment on the future of legacy M&I bank employees

    Approves of CEO

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