There are newer employer reviews for BMO Financial Group
There are newer employer reviews for BMO Financial Group

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Bait, Switch.

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Financial Planner, Investment & Retirement Planning in Indianapolis, IN
Former Employee - Financial Planner, Investment & Retirement Planning in Indianapolis, IN
Doesn't Recommend
Positive Outlook
Approves of CEO

I worked at BMO Financial Group full-time (More than a 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 Management

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.

Other Employee Reviews for BMO Financial Group

  1. Helpful (1)

    Changed for the worse

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Personal Banker in Chicago, IL
    Current Employee - Personal Banker in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    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 Management

    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!


  2. Great Company

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Business Analyst in Milwaukee, WI
    Current Employee - Senior Business Analyst in Milwaukee, WI
    Recommends
    Negative Outlook
    Approves of CEO

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

    Pros

    Good benefits, good people, very segregated as it is a large large company

    Cons

    Complex organizational structure, hard to make quick decision


There are newer employer reviews for BMO Financial Group
There are newer employer reviews for BMO Financial Group

See Most Recent

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