BMO Financial Group

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

 

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

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

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  1.  

    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 an 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
  2. 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
There are newer employer reviews for BMO Financial Group

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