BMO Financial Group Reviews | Glassdoor

BMO Financial Group Reviews

Updated July 21, 2017
1,499 reviews

Filter

Filter

Full-timePart-time

3.5
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
623 Ratings

1,499 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. Helpful (2)

    "Hard place to work for."

    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 (More than a year)

    Pros

    Some workers are nice and help the team.

    Cons

    Bad management and training, dirty office space. Lack of leadership.

    Advice to Management

    Learn how to training and support the team.


  2. Helpful (3)

    "Company is very unorganized and not employee friendly"

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

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

    Pros

    Big Bank, promotes in house referrals for additional compensation

    Cons

    Was told to sign a new employment contract that states that if a customer you did a mortgage for defaults, you will have to pay back commissions!! How is that even possible, seeing mortgage bankers don't make the decision for loan approval??? Huge problem with I.T. depts. and HR is sources out as well as most of the depts. Hard to get help!!!

    Advice to Management

    See above

  3. Helpful (2)

    "You are a number to the company"

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

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

    Pros

    Pay was pretty decent, especially if you met or exceeded your monthly goals.

    Cons

    Weekly call nights
    High sales goals
    Work life balance
    Out of touch management
    Lack of operational help

    Advice to Management

    Value the work that your employees do, not just strive for higher and higher expectations.


  4. Helpful (2)

    "Management has blinders on and live in a bubble"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Service Representative in Brookfield, WI
    Current Employee - Senior Service Representative in Brookfield, WI
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Many highly skilled and kind co-workers

    Cons

    you will never advance in this company. Management only communicate amongst themselves and when the do talk to you it is in a very condescending manner. You will receive very little training because management does not have any set procedures.

    Advice to Management

    Open your eyes and get off your high horse.


  5. Helpful (2)

    "Corpotaye position"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    There are no Pro's regarding this company

    Cons

    Extremely dysfunctional organization with limited/poor decision making


  6. Helpful (1)

    "Teller Supervisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Service Representative in Mount Prospect, IL
    Former Employee - Senior Service Representative in Mount Prospect, IL

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

    Pros

    Great benefits and room to grow within the company.

    Cons

    very pushy in making sales


  7. Helpful (2)

    "Senior Recruitment Partner"

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

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

    Pros

    They use superior technology, high end equipment, and overall very good technical suppoort.

    Cons

    Difficult environment. I was a contractor, and never really felt as if I was part of the team

  8. Helpful (2)

    "BMO Harris"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Bank Manager in Orlando, FL
    Current Employee - Bank Manager in Orlando, FL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Fair salary and comparable benefits

    Cons

    BMO is unable or unwilling to compete in markets beyond the greater Chicago/Milwaukee area and their home base in Canada. Their products, pricing, services and technology is below average at best.

    Advice to Management

    Compete in all markets or pull out.


  9. Helpful (2)

    "Stay away if you can."

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

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

    Pros

    Can not think of any. If you are a mediocre employee you can probably survive here.

    Cons

    Compensation is terrible. Management is completely incompetent.


  10. Helpful (6)

    "Stay AWAY!"

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

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

    Pros

    A handful of colleagues actually knew what they were doing and were very helpful. The IT group was great, as were the Telecom team.

    Cons

    Team "lead" was a a total bully. Never a word of encouragement, nor a word of praise for a job well done. Perceived "mistakes" were pointed out constantly. The "manager" didn't have the skills to motivate the communications group. It was the "management by fear" style. This was the absolute worst experience in a workplace I've encountered in my 20+ years as a professional.

    Advice to Management

    Pay close attention when hiring and promoting individuals who are in the position to manage others. So happy to have moved on to a company who respects their employees.


Showing 1,499 of 1,600 reviews
Reset Filters