BMO Financial Group Reviews | Glassdoor

BMO Financial Group Reviews

Updated Jun 16, 2019

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Found 2427 reviews

3.6
StarStarStarStarStar
Rating TrendsRating Trends
67%
Recommend to a Friend
83%
Approve of CEO
BMO Financial Group CEO Darryl White
Darryl White
281 Ratings
Pros
Cons
More Pros and Cons
  1. "Great Values"

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

    I have been working at BMO Financial Group for 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.

    BMO Financial Group2019-01-05
  2. Helpful (1)

    "Great Company, Nice People, Low Pay, Boring Work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Fee Analyst in Milwaukee, WI
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at BMO Financial Group full-time for more than a year

    Pros

    You're treated well, in general. Great work-life balance, lots of PTO. People are generally very nice, and management treats employees well.

    Cons

    Red Tape - Banks don't like change or innovation. If you have new ideas, don't expect them to be heard. Pay is generally not great. People stay with the organization a long time (the average within my department is 15-20 years), but they become settled in their work and have no drive.

    Advice to Management

    Hire new college grads. Experience is important, but new ideas are too.

    BMO Financial Group2019-06-11
  3. "Good"

    StarStarStarStarStar
      Current Employee - Senior Analyst 

      I have been working at BMO Financial Group full-time

      Pros

      Good place, not much to complain about

      Cons

      Well, there's not much to complain about

      BMO Financial Group2019-06-08
    • Helpful (1)

      "DATA"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Advanced Analytics in Chicago, IL
      Recommends
      Positive Outlook
      Approves of CEO

      I have been working at BMO Financial Group full-time for more than a year

      Pros

      Benefits are good at BMO

      Cons

      Managers are not good at BMO

      BMO Financial Group2019-06-07
    • "Overall good experience at BMO"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Associate Director in Milwaukee, WI

      I have been working at BMO Financial Group full-time for more than 5 years

      Pros

      People. BMO hires good people who want to help each other and put customers first

      Cons

      Once you're exposed to the processes and technology, you understand why it's such a people centric culture.

      BMO Financial Group2019-05-26
    • "Good potential with room for improvements"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Financial Advisor 
      Recommends
      Positive Outlook
      Approves of CEO

      I have been working at BMO Financial Group full-time for more than a year

      Pros

      Good company culture overall, generally the company and the employees want to help clients. The broker-dealer is currently in a growth mode so there are positive changes on the horizon and management seems to be forward thinking.

      Cons

      The relationship with the retail side of the bank is strained. The Premier Model looks good in theory but if an Advisor does not have a good team or supportive branches, it can be very difficult to grow the business.

      Advice to Management

      Continue to provide ways where the retail side of BMO Harris is encouraged to refer to the Wealth Management Division. A large majority of the clientele DOES NOT have a financial plan, which will only grow BMO Harris overall with better introductions.

      BMO Financial Group2019-05-01
    • "Great company with a good work life balance."

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Business Operations Analyst 
      Recommends
      Negative Outlook
      No opinion of CEO

      I have been working at BMO Financial Group full-time for more than a year

      Pros

      Good work life balance. Nice people. Low pressure.

      Cons

      Low compensation. Layoffs frequently. Business model is out of date.

      BMO Financial Group2019-04-25
    • "Item Processor, Service Rep"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Anonymous Employee in Cedarburg, WI
      Recommends
      Positive Outlook
      Approves of CEO

      I have been working at BMO Financial Group full-time for less than a year

      Pros

      Great pay . easy going work environment, everyone is friendly and really understanding

      Cons

      They hire on who comes and goes so if your looking to change hours later on won't be easy

      BMO Financial Group2019-04-22
    • "Hate this place"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Deal Specialist in Chicago, IL
      Doesn't Recommend
      Negative Outlook
      Disapproves of CEO

      I have been working at BMO Financial Group full-time for more than 5 years

      Pros

      The annual bonus we receive at the end of the year is THEE best thing about this place. The benefits are good but not great.

      Cons

      The training is horrible. The managers are horrible and lack professionalism. The employees who’ve been here for 10+ years have a sense of entitlement and are very rude to each other. The culture of BMO is racist and there’s no value of teamwork here. It’s a everyone for themselves workplace.

      Advice to Management

      Provide some sensitivity training for employees and managers. Encourage an environment of teamwork and work to enhance your training programs.

      BMO Financial Group2019-05-08
    • "Decent Place to Work"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - AML Analyst 
      Recommends
      Positive Outlook
      Approves of CEO

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

      Pros

      Laid back environment, work from home ability

      Cons

      Slow hiring process, politics within management

      BMO Financial Group2019-04-23
    Found 2427 reviews