BMO Financial Group

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

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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

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

Other reviews for BMO Financial Group

  1. 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

    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
  2.  

    Great bank, too much going on with the merger

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Customer Service Representative  in  Brookfield, WI
    Current Employee - Customer Service Representative in Brookfield, WI

    Pros

    Great benefits, take care of their employees.

    Cons

    Very sales oriented, doesn't have a great incentive program

    Recommends
    Positive Outlook
    Approves of CEO
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