BMO Financial Group Reviews | Glassdoor

BMO Financial Group Reviews

Updated July 18, 2017
475 reviews

Filter

Filter


3.0
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO
BMO Financial Group President and CEO, BMO Financial and Director Bill Downe
Bill Downe
148 Ratings

475 Employee Reviews

Sort: PopularRatingDate

Pros
Cons
  • Work life balance has gotten worse over time (in 42 reviews)

  • Stressful sales targets and pressure to achieve target but if you're good at your job that shouldn't matter at all (in 50 reviews)

More Pros and Cons

  1. "business Banking officer"

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

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

    Pros

    Professional work environment and locations

    Cons

    Too much red tape to get things done

    Advice to Management

    none


  2. "Banker"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Indianapolis, IN
    Former Employee - Anonymous Employee in Indianapolis, IN
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    The hours were good and branches were clean.

    Cons

    Limited opportunity because of the size of the bank.

  3. Helpful (2)

    "Private Bank (Trust Administration)"

    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

    Pros

    Pleasant co-workers, knowledgeable co-workers, good teamwork, community focused, opportunities to do volunteer work, generous vacation time, diversity focused, decent benefits.

    Cons

    Too many manual processes.
    The different technology systems don't talk to each other.
    Some of the tools available to perform certain functions are inadequate or unreliable (i.e. Excel spreadsheets for tracking).
    Veteran employees are too comfortable with the manual processes and don't seem to be open to changing a process or making a process better.
    The noisy work culture interferes with productivity.

    Advice to Management

    Improve technology for your employees.
    Provide adequate and reliable tools to employees.
    Provide training to employees that is thorough and relevant.


  4. Helpful (2)

    "Large Company Woes"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Retail and Corporate Manager in Chicago, IL
    Former Employee - Retail and Corporate Manager in Chicago, IL
    Doesn't Recommend
    Negative Outlook

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

    Pros

    I worked at BMO for over 7 years. BMO is willing to promote within. While it helps to know someone, it is possible to land you next move without having a connection. BMO is an advocate for hiring culturally diverse talent. Being a large financial institution, it often pays salaries above national average (especially in corporate roles). I made many friends over the years that I keep in contact with.

    Cons

    Despite the higher salary, you should be prepared to juggle a multitude of responsibilities. Work-life balance can be difficult at times. Retail sales positions are highly competitive and it is difficult to meet goals. There is a lot of turnover in retail. Management is often weak in both retail and corporate. My most recent direct manager had over 70 people reporting to her (this is just poor structuring). My manager prior to that was verbally abusive and unsupportive. It was really difficult to get the attention needed as a growing professional.

    Advice to Management

    Give management the ability to spend more time with their teams by taking away some of their responsibilities. Don't reward under-performing employees by promoting them. A happy, well trained team means happy clients. Create a sales training for entry level retail employees. If you don't teach your employees how to engage with customers and offer solutions they will never hit their goals. Fix your technical server issues, the systems were always freezing up and crashing, this often impacted the clients in both retail and corporate. Constantly remind your employees how far the company has come from it's humble beginnings.


  5. "Great People. Atmosphere"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Anonymous Contractor in San Jose, CA
    Former Contractor - Anonymous Contractor in San Jose, CA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at BMO Financial Group as a contractor (More than 3 years)

    Pros

    Good place to work, great people,

    Cons

    Pay is below industry standard


  6. "bmo asset management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Co-Manager in Whitefish Bay, WI
    Former Employee - Co-Manager in Whitefish Bay, WI
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at BMO Financial Group full-time (More than 10 years)

    Pros

    large organization with plentiful resources

    Cons

    primarily a commercial/consumer bank - little expertise in asset management

    Advice to Management

    needs to focus, needs to allocate more resources to sales


  7. Helpful (1)

    "Mixed evaluation"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - VICE PRESIDENT - SENIOR MARKETING MANAGER in Whitefish Bay, WI
    Former Employee - VICE PRESIDENT - SENIOR MARKETING MANAGER in Whitefish Bay, WI
    Recommends
    Neutral Outlook

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

    Pros

    Several high-quality people in the Milwaukee office.

    Cons

    Firm's commitment to the maintaining a presence in Milwaukee is variable.

  8. Helpful (3)

    "Senior Service Rep"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Service Representative in Saint Paul, MN
    Current Employee - Senior Service Representative in Saint Paul, MN
    Doesn't Recommend
    Negative Outlook

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

    Pros

    Great benefits
    Great people, most customers are very kind

    Cons

    wages are low
    very difficult to get a raise
    very much revenue focused

    Advice to Management

    put yourself in our shoes. If you want to see how things work we can't just talk about it. You have to come to us to really see and feel what we go through on a daily basis EVERY day.


  9. Helpful (1)

    "Current Risk Management Employee"

    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
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at BMO Financial Group full-time

    Pros

    Seems to be decent career opportunities in Risk Management Department if you fit into the office culture.

    Cons

    Corporate culture a bit too conservative. Too much emphasis placed on face time. Remote work frowned upon.


  10. Helpful (1)

    "Overall"

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

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

    Pros

    Great people in a variety of areas. The bank is willing to work with people to move around and promote in various areas.

    Cons

    Very long hiring process from start to finish. This seems to be typical for larger companies, but may also hinder finding new employees if it takes too long.

    Advice to Management

    Ensure employees stay engaged.


Showing 475 of 1,601 reviews
Reset Filters