There are newer employer reviews for BMO Financial Group

 

Overworked and Underpaid - Wage not commensurate with responsibilities

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Customer Service Representative
Former Employee - Customer Service Representative

I worked at BMO Financial Group part-time for more than a year

Pros

Great intro to the company and interactive teller training... all downhill from there

Cons

Understaffed
Have to work unpaid overtime often
Penny-pinching organization
Miserable Branch Mgr and Asst Branch Mgr and FSMs - just like tellers they too are overworked and realize it's a dead-end job

Advice to ManagementAdvice

If you invest in people in retail banking you will actually realize your goals to be the top bank in Canada. However cutting tellers (who make as low as 25k a year full time) and the dismal pay only means you have constant turnover - which in turn frustrates your precious customers. After 3 months with BMO I was the most tenured teller!

I now sell cars and it's night and day.. Really there are a million jobs that pay 2x more and don't have half the stress.

Doesn't Recommend
Neutral Outlook
No opinion of CEO

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

Sort: Rating Date
  1.  

    It was an overall positive experience.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at BMO Financial Group full-time for more than 10 years

    Pros

    Hours
    Some great people
    Opportunities to learn

    Cons

    Staff Turn over rate is too high for true customer loyalty

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    competitive

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Manager  in  Toronto, ON (Canada)
    Current Employee - Senior Manager in Toronto, ON (Canada)

    I have been working at BMO Financial Group full-time for more than 10 years

    Pros

    opportunity for varied experiences
    stock option/Mid term incentive pay for Senior Managers and Directors

    Cons

    new initiatives/projects are paralyzed by processes

    Advice to ManagementAdvice

    better/less subjective talent management is required

    Recommends
    Negative Outlook
    Approves of CEO
There are newer employer reviews for BMO Financial Group

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