BMO Financial Group

  www.bmo.com
  www.bmo.com

BMO Financial Group Reviews in Vancouver, BC

Updated November 28, 2014
Updated November 28, 2014
519 Reviews
3.2
519 Reviews
Rating Trends

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Approve of CEO
BMO Financial Group President and CEO, BMO Financial and Director Bill Downe
Bill Downe
240 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

36 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Great

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Manager Customer Service in Vancouver, BC (Canada)
    Former Employee - Manager Customer Service in Vancouver, BC (Canada)

    I worked at BMO Financial Group full-time (more than 3 years)

    Pros

    Work Environment, Vacation, Culture, Growth , Compensation

    Cons

    I saw none what so ever

    Advice to ManagementAdvice

    Keep it up, All is going well

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Good company to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Customer Service Representative in Vancouver, BC (Canada)
    Current Employee - Customer Service Representative in Vancouver, BC (Canada)

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

    Pros

    Flexible hours when it comes to working around school, decent pay for entry level job, great learning experience in a professional environment

    Cons

    Highly competitive for advancement opportunities, sales targets can be quite high

    Advice to ManagementAdvice

    Allow for better advancement opportunities, add more incentive to progress within company

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Great company in the midst of revitalization!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Planner, Investment & Retirement Planning in Vancouver, BC (Canada)
    Current Employee - Financial Planner, Investment & Retirement Planning in Vancouver, BC (Canada)

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

    Pros

    Great culture, new direction, history, excellent products.

    Cons

    Lower pay and push to further this trend. Current scorecard structure has developed an adversarial environment in branches, previous scorecard metrics were much more conducive to team enviroment and best outcome for client.

    Advice to ManagementAdvice

    Don't rely on study done by 3rd party done about 2 years ago, the data is flawed and has led to ill conceived strategies that are taking us down a garden path AGAIN...THE DATA IS FLAWED THE MARKET RESEARCH WAS A WASTE OF MONEY! Don't make overarching assumptions about individual markets and overemphasize certain ethnic groups to the point of 90% or more of branch staff are from one ethnic group because the market data told you this was the case. I have experience with innumerable clients that have been alienated by this strategy, dont forget your core client base, diversification does not mean going to the other end of the spectrum where all staff are visible minorities from ONE SPECIFIC GLOBAL REGION! Have people from a variety of ethnic groups in one branch to provide a truly diverse and inclusive environment where we can help all of our clients not just an assumed (incorrectly assumed) majority demographic.

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

    financial services manager

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Services Manager in Vancouver, BC (Canada)
    Current Employee - Financial Services Manager in Vancouver, BC (Canada)

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

    Pros

    extensive training courses are offerend

    Cons

    not human to employees, employees are treated like slave. abusing their paid break time and vacation time to use as sick day. Hiring direct family members in same branch. One of the most failure hiring management system in sales industry that lenient on their family members in same branch while giving immense stress to other sales team to bridge the sales gap to help their family members to meet the target.

    Advice to ManagementAdvice

    before bmo advertises their vision "be human to customer," they need to be human to employees.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6. 1 person found this helpful  

    Great workplace

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - ABM in Vancouver, BC (Canada)
    Current Employee - ABM in Vancouver, BC (Canada)

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

    Pros

    Challenging workplace with lots of learning opportunity

    Cons

    Lots of obstacles for career progression

    Advice to ManagementAdvice

    More opportunity for growth in employee careers

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  7.  

    Lowest pay among big five

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Services Manager in Burnaby, BC (Canada)
    Current Employee - Financial Services Manager in Burnaby, BC (Canada)

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

    Pros

    Learn everything from lending to investment, especially if you are in a large branch.

    Cons

    High target and low pay. Very out-dated system which expect you to do all the work manually compared to other FI. Low productivity in admin and want to squeeze the most of FSM position while trying the cut the hours of all other supporting role.

    Advice to ManagementAdvice

    Fire all those senior executive team.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  8. 1 person found this helpful  

    Things had changed a lot s

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - FSM in Vancouver, BC (Canada)
    Current Employee - FSM in Vancouver, BC (Canada)

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

    Pros

    Good training, nice colleague and financial products and services. Get to know a lot of people

    Cons

    Increasingly sales-driven these years, upper mgmt don't understand what front line Staff actually face

    Advice to ManagementAdvice

    It's bad to hear from one of our recent district gathering, a clear message was made by upper management about if you can't take the stress or meet targets, u better go selling coffee. That's humiliating and neglect all those services that a staff had provided . Don't be a greedy sales machine!

    No opinion of CEO
  9.  

    BMO is an equal employer, which has great benefits;

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Sales Associate in Vancouver, BC (Canada)
    Current Employee - Sales Associate in Vancouver, BC (Canada)

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

    Pros

    I like working at BMO because of the job security it provides.

    Cons

    The set back I faced when working at BMO was overcomming the high rate of disappointment and sneers from agitated customers.

    Advice to ManagementAdvice

    One point I can make to improve culture at BMO is to lessen the pressure of selling BMO products.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    "Was not what I expected"

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Commercial Account Manager in Surrey, BC (Canada)
    Former Employee - Commercial Account Manager in Surrey, BC (Canada)

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

    Pros

    The company provides training to their staff. As in any Company, there are nice people in the organization. The benefits are comparable to most large companies.

    Cons

    Expectations are unrealistic. Lots of long hours inputing information on the system for the Bank to track your activities, total waste of time. Staff banking benefits are ok - some banks or credit unions have better pricing for their staffs. Loan System was a total failure in terms of efficiencies, creates for a lot of mistakes and can get very complex depending on type of loan.

    Advice to ManagementAdvice

    If you want your front line staff to sell, then take the account reviews to another dept as both takes time to complete. Also, credit room is overly conservative which becomes a challenge in booking loans.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  11.  

    Good Company to work with, nice people

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Customer Service Representative in Vancouver, BC (Canada)
    Current Employee - Customer Service Representative in Vancouver, BC (Canada)

    I have been working at BMO Financial Group part-time (less than an year)

    Pros

    Nice benefits and compensations, nice people

    Cons

    Focus on Sales and Customer Services

    Advice to ManagementAdvice

    Hire more

    Recommends
    Positive Outlook
    No opinion of CEO

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