BMO Financial Group

  www.bmo.com
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432 Employee Reviews (View Most Recent)

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Great company, big challenges

Anonymous Employee (Former Employee) Chicago, IL

ProsBMO 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.

ConsMore 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 Senior ManagementAs 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.

Yes, I would recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    lets of micro management and high goals

    Senior Banker (Current Employee) 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 Senior Management: less micro management More
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

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

    Corporate Lending (Current Employee) Chicago, IL

    I have been working at BMO Financial Group


    Pros: The people are great to work with for the most part BMO… Cons: Outdated internal systems hinder productivity Upper Management follows a "drink the kool-aid" mentality where they constantly promote all the great things the bank is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… Advice to Senior Management: Give employees the technological resources and systems to perform their… No, I would not recommend this company to a friend More
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