BMO Financial Group

  www.bmo.com
  www.bmo.com
There are newer employer reviews for BMO Financial Group

1 person found this helpful  

Great company, big challenges

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

I worked at BMO Financial Group

Pros

BMO is committed to diversity, great customer experience, and fairness to employees. There is tremendous opportunity for advancement at more junior levels in both the US and Canada.

Cons

More and more decision making is being done in Toronto, leaving those in the US with little chance to impact the company. Decision making is frustratingly slow and prone to reversal if full concensus can't be obtained. Very little recognition of the competitive nature of the US market; BMO only sees the other Canadian banks as competitors, and those banks cooperate more than compete. Top US employees have limited career advancement opportunities unless they move to Toronto.

Advice to ManagementAdvice

As BMO continues to expand in the US more decisions will need to be delegated to those who run that market. Canadian banking is not like US banking, and BMO must learn that lesson soon to succeed. Speed and conviction will be important to BMOs future. BMO can't please everyone and must make hard choices about what is most important- both internally and externally.

Recommends
Approves of CEO

504 Other Employee Reviews for BMO Financial Group (View Most Recent)

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  1.  

    lets of micro management and high goals

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

    I have been working at BMO Financial Group

    Pros

    income is higher then other banks

    Cons

    push products, sell sell sell

    Advice to ManagementAdvice

    less micro management

    No opinion of CEO
  2.  

    Great people to work with although internal systems wreck any chance of efficiency

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

    I have been working at BMO Financial Group

    Pros

    The people are great to work with for the most part
    BMO is still hiring new grads from college (although the training is sub-par)

    Cons

    Outdated internal systems hinder productivity
    Upper Management follows a "drink the kool-aid" mentality where they constantly promote all the great things the bank is doing while hard questions are never asked or answered and there is no feedback on the integration of systems.
    The seamless integration of M&I is doubted by many BMO employees as the existing issues of the bank go unanswered.

    Advice to ManagementAdvice

    Give employees the technological resources and systems to perform their jobs more efficiently

    Doesn't Recommend
    Disapproves of CEO
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