BMO Financial Group Reviews | Glassdoor

BMO Financial Group Reviews

Updated January 15, 2019
2,107 reviews

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3.6
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BMO Financial Group Chief Operating Officer Darryl White
Darryl White
189 Ratings

Employee Reviews

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Pros
  • "great work life balance and flexibility" (in 150 reviews)

  • "Very friendly work environment with ability to apply for full-time positions within BMO" (in 137 reviews)

Cons
  • "work life balance should be offered" (in 51 reviews)

  • "Hard to move around due to smaller bank" (in 35 reviews)

More Pros and Cons

  1. "Conservative bank - Great work environment"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director in New York, NY
    Former Employee - Director in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at BMO Financial Group full-time (More than 5 years)

    Pros

    Reasonable and straight forward work expectations

    Cons

    Lose business to other investment banks with a greater appetite for risk

    Advice to Management

    Keep doing what you are doing.


  2. "Great Values"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Chicago, IL
    Current Employee - Anonymous Employee in Chicago, IL
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at BMO Financial Group (More than 8 years)

    Pros

    BMO cares about its employees in the community they serve. I had a great time working there overall.

    Cons

    There are politics that you have to deal with. Very conservative and old school of thinking when it comes to technology.

    Advice to Management

    Embrace new technology coming to market. Be agile.

  3. Helpful (1)

    "fraud investigation analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Fraud Analyst in Brown Deer, WI
    Former Employee - Senior Fraud Analyst in Brown Deer, WI
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at BMO Financial Group full-time (More than 3 years)

    Pros

    Good pay and benefits.
    yearly bonus.
    Good amount of vacation time.

    Cons

    Bad culture.
    lazy workers, who do minimal and get rewarded for it.
    People will nit pick and see what they can tell on.

    Advice to Management

    Engage with employees more.


  4. "Nice Place To Work - Lot of Operational Logistics are Outdated"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Associate in Chicago, IL
    Current Employee - Senior Associate in Chicago, IL
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at BMO Financial Group full-time (More than a year)

    Pros

    Good culture, fairly laid back eniviroment

    Cons

    Top Leadership can feel directionless and at least in Chicago, facilities is pretty mediocre


  5. "Great"

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

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

    Pros

    Great Benefits, nice people, good communication

    Cons

    Managers can be micromanagers


  6. "Good time but didnt get along with management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Human Resources Assistant in Jacksonville, FL
    Former Employee - Human Resources Assistant in Jacksonville, FL
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at BMO Financial Group part-time (More than a year)

    Pros

    great company but bad management

    Cons

    Bad management but great company

    Advice to Management

    Listen to employees


  7. "Good foot in the door"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Brookfield, WI
    Former Employee - Anonymous Employee in Brookfield, WI
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at BMO Financial Group full-time (More than 3 years)

    Pros

    Vacation time- they give good vacation time, but it is earned throughout the year, you have to back pay for vacation hours that you use if you leave the company.

    Cons

    I changed a couple of positions at BMO and it is sad to say whichever department I went to it is all the same. The way the company is run is just horrible. Management really needs training all across the board. If you like feeling like a number than this company is for you. They really don’t care about you as a person. The work-life balance is nonexistent. Management really doesn't care if you have a family. The turnover rate is very high in every department so there are only people who have been there for 20+ years and new people, all of the time, there is no consistency with employees. It is very hard to move up in the company since they would much rather hire outside of BMO than internally.

    Advice to Management

    Get training on how to be managers. All the good manager I ever met there left BMO.

  8. "Assistant Manager Credit"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at BMO Financial Group full-time

    Pros

    I was very happy to have worked at BMO. Excellent intake program when new at your role. Invest in employees to succeed (coaching, training, role playing..) Management/executives are experienced, knowledgeable and lead by example. Opportunities for growth and promotion within the Contact Center.

    Cons

    Once you have reached a certain level, opportunities for promotion are few in Quebec. Lateral moves and additional/advanced studies will help your career. A contact center may not be the ideal unless you can manage juggling your priorities in a high paced multi tasking performance environment.


  9. "Changes"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at BMO Financial Group full-time

    Pros

    3 weeks vacation, 10 days sick time, paid fmla. profit sharing. 401 match plus additional 2 percent

    Cons

    Always someone on vacation, never two people at the same time. Also short staffed, no help. minimum staffing. New management decisions are horrible.


  10. "Investment Banking Analyst"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at BMO Financial Group full-time

    Pros

    Great place to build a career

    Cons

    Long working hours depending on group