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Good for new grads, but could be better for experienced talent

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Senior Applications Software Developer  in  Toronto, ON (Canada)
Former Employee - Senior Applications Software Developer in Toronto, ON (Canada)

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

Pros

- Welcoming environment
- Good starting salary

Cons

- Career progression is fairly slow for most (lots of teams are full of Senior 1's, but no Senior 2's or Team Leads)

Advice to ManagementAdvice

- Actively identify leaders and promote internally

Recommends
Positive Outlook
Approves of CEO

Other Reviews for BMO Financial Group

  1. 1 person found this helpful  

    Business Unit versus Enterprise

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

    I worked at BMO Financial Group full-time for more than 3 years

    Pros

    At an enterprise-level, excellent firm to work for. Good benefits, flex hours & location, ESOP, vacation days & policy, and employee training programs.
    BMO encourages their employees in giving back to our local communities via United Way Fundraising campaigns, volunteer days, and food/ winter clothing drives.
    If you're a grade 7 or higher, there is much room to move up or out into other verticals. Business (P&C, PCG, Capital Markets, and Corporate verticals are typically the best areas to work in... more funding and career growth.
    Great employees found in many pockets across the company.
    Excellent learning portal for employees.

    Cons

    Do not assume just because the above is corporate policy that it will be enforced at the individual business unit level. If you are saddled with a business unit focused manager, you may not be approved for education training (even the basics), volunteer days or a personal day. Its up to the individual manager's discretion. Same applies to the flexible location and accomodations policy.
    If you are a grade 6, be prepared to remain as such for the long haul. Promotions are rare in Technology & Operations. Quality does not always reign supreme on project sponsors list; expect cost & duration to be primary leaders.
    BMO work experience is ranked higher when it comes to pay grade than this experience + prior work experience.

    Advice to ManagementAdvice

    Really work on enforcing the Mentoring program in all areas of the business. It will help immeasurably in affording employees, who are looking to make a career transition, the opportunity to learn AND network.

    Recommends
    Neutral Outlook
    No opinion of CEO
  2.  

    Lots of favouritism all over IT, this place sucks

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

    I have been working at BMO Financial Group full-time for more than 3 years

    Pros

    they only have a big name. it's a huge corporation and looks good on your resume. that's all. but it's not worth it.

    Cons

    the majority of the bank employees in software development are from a certain race who have each others' backs and don't do you any good or let you move up if you are not one of them. no room for promotion. no recognition nothing.

    Advice to ManagementAdvice

    This place is rotten down to its roots. As I am sure you know and hence the recent reorgs

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
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