BMO Financial Group Reviews | Glassdoor

BMO Financial Group Reviews

Updated January 22, 2018
1,716 reviews

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3.6
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Approve of CEO
BMO Financial Group Chief Operating Officer Darryl White
Darryl White
35 Ratings

1,716 Employee Reviews

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Pros
  • work life balance, friendly staff (in 126 reviews)

  • Pretty good payment, friendly work environment (in 107 reviews)

Cons
More Pros and Cons

  1. Helpful (1)

    "Work environment"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - IT Security in Chicago, IL
    Current Employee - IT Security in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at BMO Financial Group (Less than a year)

    Pros

    work life balance, friendly staff

    Cons

    BMO needs to offer better health insurance plans. I am paying way too much per month for my family and coverage is good, however there's always 'unpaid' amount that I keep getting charged because the insurance is just not good enough!

    Advice to Management

    better insurance plans for US employees


  2. "Bank Manager"

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

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

    Pros

    Great people to work with, commited to company’s core values - especially good old Harris bank - before BMO took over.

    Cons

    Micromanagement at any level. No cohesion is the strategy for retail and business bank. Over bloated and inefficient complaince departments. Bank is essentially run from Canada, lots of leadership changes at most senior levels. Most of the new leaders are expats from BMO with lack of understanding of highly competitive US market.

    Advice to Management

    Provide more autonomy to run business in US. Improve employee morale by hiring more leaders vs micromanagers.

  3. "Doublespeak"

    StarStarStarStarStar
    Former Employee - Vice President in Chicago, IL
    Former Employee - Vice President in Chicago, IL
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at BMO Financial Group full-time (More than 8 years)

    Pros

    Work can be interesting and people can be great.

    Cons

    A sort of corporate doublespeak envelops the place. That is undoubtedly true in so many companies but at BMO it can be an art form. Moreover, the artificiality of its diversity culture is troubling; conform or keep your mouth shut.

    Advice to Management

    Let your yes be yes and your no be no.


  4. "Senior Operations Spc"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Operations Spc T&O in Milwaukee, WI
    Current Employee - Senior Operations Spc T&O in Milwaukee, WI
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Good collaborative spirit; good interaction between departments.

    Cons

    Technology could use a boost.


  5. "administrative assistant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Administrative Assistant in Milwaukee, WI
    Former Employee - Administrative Assistant in Milwaukee, WI
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    Good culture, work/life balance, deadlines aren’t too strenuous

    Cons

    Pay isn’t that great and little room for advancement. Senior management needs to communicate better in general. Some managers need major training on how to show value to employees.

    Advice to Management

    Be open minded to change and listen to employees.


  6. "Great Company"

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

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

    Pros

    The company gives you a chance to get rolling with opetations and sales

    Cons

    Can be unorganized and no accountability

    Advice to Management

    Your branches need more structure.


  7. "Sales Associate"

    StarStarStarStarStar
    Current Employee - Sales Associate in Milwaukee, WI
    Current Employee - Sales Associate in Milwaukee, WI

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

    Pros

    Good starting salary and friendly co-workers

    Cons

    Work culture was a not great

    Advice to Management

    More

  8. "Great Culture"

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

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

    Pros

    Great culture and flexible work life balance

    Cons

    pay a bit lower than market.


  9. "VP- Sales Treasury & Payment Solutions"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President Sales in Chicago, IL
    Former Employee - Vice President Sales in Chicago, IL
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    Benefits; Compensation with the exception of separation benefits

    Cons

    Cross functional teams do not collaborate as well as peer employers; Division Line of Business Leadership

    Advice to Management

    Exit Surveys. Reduction in Force was executed extremely poorly, and the separation benefits and employee welfare were punitive and far below standards of fairness compared to actions peer institutions would consider equitable.


  10. "Good place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Trust Operations Specialist in Milwaukee, WI
    Current Employee - Trust Operations Specialist in Milwaukee, WI
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at BMO Financial Group (Less than a year)

    Pros

    Great place to work
    A lot of learning in different area (lateral mostly)
    In-depth information about what goes on behind the scenes (which I enjoyed a lot)
    Coworerks are very nice
    Fun activities the company prepares for employees

    Cons

    Pay is low
    The room to grow is within the department
    People have worked here for many years and upward (management) is low

    Advice to Management

    Higher pay


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