BMO Financial Group Reviews in Toronto, ON Area

Pros

Quality senior management now in place

Cons

Old laggards are still around. They need to come off

Advice to Senior Management

Change mid-management. They are the roadblocks

Pros

Above average base salary, job security

Cons

Too many processes, slow paced, legacy technology, lack of talent.

Advice to Senior Management

The bank needs to focus more on strategic growth opportunities rather than be a reactive bank.

Pros

free parking, stock options, location

Cons

office political issue, lack of front line support people

Advice to Senior Management

Add more first line support people, optimize procedures,

Pros

Inclusive work environment
Good benefits
Salary is competitive

Cons

Hard to get a good idea of what the next career steps are as the organization is big

Advice to Senior Management

N/A

Pros

friendly working environment and flexible working time.

Cons

its in downtown and the traffic is headache

Advice to Senior Management

Providing flat level management.

Pros

Label name things like that

Cons

Mismanagement no transparecny at all so gglad i am out of there

Advice to Senior Management

Time to be fair

Pros

Excellent leadership at executive level
Great work-life balance
collaborative, supportive team environment

Cons

In a word, bureaucracy (at the mid-level professional level)
There are too many 'experts' (SMEs) in the mid-level roles throughout the company, and they must get involved in every decision that touches their role. Unfortunately, these experts typically serve to complicate things and are rarely able to provide an answer with involving other experts.

Advice to Senior Management

Trim the fat at the mid-level corporate/T&O management levels.

Pros

For the most part, excellent co-workers and managers. Top tier company. Access to tools and information providing opportunity for success.

Cons

Beware, a promotion into the wrong dept can result in a 25 year career coming to a quick end. One insecure manager can derail years of good work.

Advice to Senior Management

Check the facts when a subordinate comes to you and wants to force a seasoned employee into early retirement. You may be letting the wrong person go.

Pros

--- Diverse culture
--- people orientated
--- have a real team work environment
--- working time is flexible depending on your needs

Cons

--- compensation package is not that attractive
--- Would move a large part of its headoffice to mississauga, which is a long way to commute

Advice to Senior Management

Interview process is too long, maybe due the inefficiency of its official hiring agent (don't remember what it is called)

Pros

Good place to start and training courses provided if you ask and show interest

Cons

Promotion seems to be based on unclear criteria...usually relationship with management

Advice to Senior Management

Provide clear milestones for promotion and provide performance feedback that supports movement towards achieving milestones.