BMO Financial Group Reviews | Glassdoor

BMO Financial Group Reviews

Updated November 14, 2018
2,042 reviews

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3.5
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Rating TrendsRating Trends
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Approve of CEO
BMO Financial Group Chief Operating Officer Darryl White
Darryl White
167 Ratings

2,042 Employee Reviews

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Pros
Cons
  • "Below average salary, little work life balance" (in 48 reviews)

  • "Hard to move around due to smaller bank" (in 32 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"

    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

  3. "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


  4. "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.


  5. "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.


  6. "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


  7. "Great Company"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at BMO Financial Group full-time

    Pros

    Great culture at this firm.

    Cons

    Technology could be improved throughout the company.

  8. Helpful (1)

    "Test Automation Lead"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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

    Pros

    Laid back environment. No micro management and pretty much good company

    Cons

    Everything is based in projects for IT. No R&D and even if you need anything to be done it has to go through project. There is no new knowledge and technology is being used is pretty old. Everything is done via consultants and there is no cross integration between teams. There is no Full time concept and management has to secure funds for next year

    Advice to Management

    Figure out your process to keep employees before thinking about doing devops or introducing new technologies to your IT department


  9. "Mostly a great expereience"

    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
    Approves of CEO

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

    Pros

    Best things about BMO 1). Financial security of a Canadian bank. 2). Management willing to listen to everyone 3). Management (usually) makes you feel like you are part of the team 4). Bonus is quite competitive- and company has paid out the bonus through the financial crisis 5). Career advancement opportunity (until you reach a senior level- than you are SOL) 6). Smaller bank, while offering services of top ten bank 7). Inclusive work environment.

    Cons

    1). Many jobs are in Toronto, if you are not willing to relocate, the jobs choices may be limited 2). Management listens to everyone- decisions can take a while to make 3). Year to year raises are modet 4). Cluture of Canada sometimes clashes with US culture 5). Knowledge of Canadian regulations may be necessary.

    Advice to Management

    Consider investing into employees in Chicago.. expand training and educational opportunities.


  10. Helpful (1)

    "Relationship Banker"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Retail Relationship Banker in Chicago, IL
    Current Employee - Retail Relationship Banker in Chicago, IL
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Receive all holidays off. Time off during the week as well.

    Cons

    Pay is extremely low. Training is almost non existent. You are out there to fend for yourself at times. Call night is not productive. BMO has a lot of goofy rules and goals. Bankers have different perceptions of the same sales tool. You’d be better off going to Chase. I should have left a long time ago from this cracker jack outfit.

    Advice to Management

    Hold morning huddles.


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