BMO Financial Group Reviews | Glassdoor

BMO Financial Group Reviews

Updated September 19, 2018
1,960 reviews

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3.5
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Approve of CEO
BMO Financial Group Chief Operating Officer Darryl White
Darryl White
135 Ratings

1,960 Employee Reviews

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Pros
  • "great work life balance and flexibility" (in 142 reviews)

  • "good work ethics, great work environment" (in 128 reviews)

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. "good bank to work for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Customer Service Specialist
    Former Employee - Customer Service Specialist
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    good work environment and good training

    Cons

    I feel that I have a lot of pressure to do sales with this position

    Advice to Management

    provide more training to employees and less sales pressure


  2. "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.

  3. "Not the greatest company to work for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Service Analyst in Chicago, IL
    Current Employee - Service Analyst in Chicago, IL
    Doesn't Recommend
    Negative Outlook

    I have been working at BMO Financial Group (More than 3 years)

    Pros

    None that i can think of

    Cons

    Cronyism, favortism, low market pay, archaic technology and business practices

    Advice to Management

    Be objective


  4. "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.


  5. Helpful (1)

    "Overall “OK” but lacks leadership"

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

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

    Pros

    - Latitude to develop new process, procedures and team members
    - Great investment teams in the US
    - Good vacation benefits

    Cons

    - Lack of leadership
    - Medical benefits in decline
    - Systemic sexism - feels like a “boys club” even though they hire women
    - Lack of transparency and poor communication

    Advice to Management

    Communicate, communicate, communicate...

    Establish direction for the Asset Management business.


  6. "bmo"

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

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

    Pros

    decent work life balance with the right manager

    Cons

    disorganized and old technology which is not integrated well. lots of passive aggressive bullying

    Advice to Management

    get rid of dead beat execs and create a career paths for all who want it.


  7. "Relationship Manager, Partnersips"

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

    I worked at BMO Financial Group full-time

    Pros

    1. Truly client focused
    2. engaged co workers
    3. good internal tech support

    Cons

    1. vertical management - strong emphasis on managing up not down
    2. does not do virtual/ remote jobs well
    3. experienced mature workers should look elsewhere
    4. constant restructuring

  8. "Manager"

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

    I have been working at BMO Financial Group full-time

    Pros

    Good people and benefits

    Cons

    Work life balance was iff


  9. "Financial Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor
    Current Employee - Financial Advisor
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Very few after 2014, All upper management has left being replaced by retail staff that has never been licensed or mad a trade in their lives. Portfolio Managers that control the Managed platforms have also had almost complete turnover in the last 36 mo.

    Cons

    Please refer to Pros


  10. "Commercial Financial Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Commercial Financial Analyst in Brookfield, WI
    Current Employee - Commercial Financial Analyst in Brookfield, WI
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    three and a half weeks vacation

    Cons

    Compensation and upward mobility is low


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