BMO Financial Group Reviews | Glassdoor

BMO Financial Group Reviews

Updated April 22, 2017
1,393 reviews

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Full-time Part-time

1,393 Employee Reviews

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Pros
  • BMO has always offered me with great work-life balance (in 95 reviews)

  • Workable environment and good benefits (in 87 reviews)

Cons
  • Work life balance has gotten worse over time (in 39 reviews)

  • Hard to move up from my position but good since entry level (in 22 reviews)

More Pros and Cons

  1. Helpful (2)

    "Private Bank (Trust Administration)"

    Star Star Star Star Star
    • 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.


  2. Helpful (1)

    "Large Company Woes"

    Star Star Star Star Star
    • 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.


  3. "bmo asset management"

    Star Star Star Star Star
    • 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


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  5. Helpful (1)

    "Great Company to work for"

    Star Star Star Star Star
    • 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 5 years)

    Pros

    17 Days Paid Vacation the day you start. Up to 7% 401(K) match with 5% contribution.Flexible work hours. Great diversity, and you are treated with respect.

    Cons

    There are some workplace prisoners there who sometimes challenge the change in the organization.

    Advice to Management

    Replace some of the outdated internal technologies. Focus to engage the workplace prisoners to better manage the performance.


  6. Helpful (1)

    "Work balance and salary"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Illinois in Chicago, IL
    Former Employee - Illinois in Chicago, IL

    Pros

    Depending on your manager very flexible schedule and life balance

    Cons

    Don't feel like the valued employee I did when starting. Few raises or bonus in the past few years although the company did very well.

    Advice to Management

    Do what you can to keep employees rather than keep training new ones


  7. Helpful (1)

    "Company that stands behind their employees and customers!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Customer Contact Center Personal Banker in Buffalo Grove, IL
    Current Employee - Customer Contact Center Personal Banker in Buffalo Grove, IL
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Full variety of benefits offered, infinite number of opportunities from operations, to retail banking, to management. Management and company treats the employees like they are valued to the company

    Cons

    Under payed for having a college degree and very strict adherence policy when it comes to the call center. If you have no choice but have to go to the bathroom, depending on your manager, you might get in trouble. They go cheaper when it comes to holiday parties...

    Advice to Management

    Salaries for the employees need to be raised. I have a bachelor degree in business management, and I am a call center personal banker. Change salary to least 39,000.00 base start for someone with experience and a college degree. Also change the annual bonus to a quarterly bonus when it comes to making product referrals
    To the consumers.


  8. "Fund accountant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Fund Accountant in Milwaukee, WI
    Current Employee - Fund Accountant in Milwaukee, WI
    Recommends
    Positive Outlook

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

    Pros

    Great benefits package and management staff

    Cons

    Building is outdated. Promotions have long approval process.


  9. "Senior service representative"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Service Representative in Naperville, IL
    Current Employee - Senior Service Representative in Naperville, IL
    Recommends
    Negative Outlook

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

    Pros

    Great atmosphere. Managers are Awesome.

    Cons

    Sales commissions to low for the amount of work.

    Advice to Management

    Request better compensation for sales efforts.


  10. Helpful (1)

    "Retial"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Personal Banker in Wilmette, IL
    Current Employee - Senior Personal Banker in Wilmette, IL
    Doesn't Recommend

    I have been working at BMO Financial Group full-time (More than 10 years)

    Pros

    Great Benefits, Great Team, value integrity

    Cons

    Lacking In technology On Both customer and employee side


  11. Helpful (5)

    "I've had better."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Risk Analyst in Chicago, IL
    Former Employee - Senior Risk Analyst in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at BMO Financial Group full-time

    Pros

    Best reasons to work here are, you enjoy inflicting pain on yourself, you have a death wish, you thrive on torture, or you just don't care.

    Cons

    Micromanagement, low pay and uncompetitive benefits, no growth-senior workers have to die off or retire to create openings. No remote work option due to extreme micromanagement. Can't take accumulated vacation due to micromanagement.

    Advice to Management

    Stop outsourcing HR to give the illusion of unbiased support. Employees have nowhere to go when managed by a micromaging, unprofessional, insecure, long term, brown- nosed manager. There should be accountability for lousy, inept managers.



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