BMO Financial Group Reviews | Glassdoor

BMO Financial Group Reviews

Updated June 23, 2017
1,468 reviews

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Full-time Part-time

1,468 Employee Reviews

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Pros
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 (1)

    "Great Company"

    Star Star Star Star Star
    Current Employee - Anonymous Employee in Naperville, IL
    Current Employee - Anonymous Employee in Naperville, IL

    I have been working at BMO Financial Group full-time

    Pros

    Good Culture, lots of opportunities

    Cons

    lots of operational changes


  2. "Executive Compensation Advisor"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Santa Rosa, CA
    Former Employee - Anonymous Employee in Santa Rosa, CA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    - great culture
    - great team

    Cons

    - hard to move up
    - not great for job development if you're not an executive manager and above
    - too much red tape


  3. Helpful (3)

    "Highly Motivated Application Developer Downtrodden in a 9-5 Go Nowhere Role"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Lead Applications Developer in Chicago, IL
    Former Employee - Lead Applications Developer in Chicago, IL
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Excellent Work\Life Balance, flexible work from Home, generous PTO, good benefits, mostly good work colleagues, reasonably good job stability, fitness center in building, flex spending accts for health, transportation & childcare, good faith efforts from senior management to communicate

    Cons

    Department morale generally low, below average salary, below average bonus, draconian bonus exclusion upon departure (eg Laid off 1 day before bonus year-end, you get zero bonus for the entire year), bureaucracy bloat that impedes getting work done, petty geopolitical infighting between Toronto, Milwaukee and Chicago impedes getting work done, jobs essentially dead-end with no room for growth\advancement, no support for training, job responsibilities tend to bear little resemblance to title. Technology is antiquated with no motivation to upgrade regardless of benefit to business - meaning you won't be exposed to anything that will boost your resume.

    Advice to Management

    Kudos for instituting an annual feedback survey to assess morale and working conditions but failing grades for instituting changes to address such. Focus on using technology as a competitive advantage rather than a constant source of budget cuts.


  4. "Senior executives"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales Managing Director in Scottsdale, AZ
    Former Employee - Sales Managing Director in Scottsdale, AZ

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

    Pros

    outstanding leader with significant coaching experience and banking knowledge

    Cons

    works at high level and expects tip level performance for supported team

    Advice to Management

    hire someone with this tremendous background and experience


  5. Helpful (1)

    "Customer contact center personal banker"

    Star Star Star Star Star
    Former Employee - Customer Contact Center Personal Banker in Buffalo Grove, IL
    Former Employee - Customer Contact Center Personal Banker in Buffalo Grove, IL
    Doesn't Recommend

    Pros

    Benefits, vacation, overtime pay, worked holiday pay....all excellent. Job work time shift flexibility was nice, as well, not a morning person, you could work the evening ng shift, and vice versa.

    Cons

    Management needs to be more in tune with its employees. The turn over rate there is intense because management is is all about numbers and has lost the human element of dealing with people and their questions and concerns. The job is stickly a sales job masked in a front of customer service......and the upper management put them in this position.....push for sales, screw whether you helped the customer, if you didn't get a referral and an ultimate closed product sale! They sell the job to you stating it is a customer service job, yet when you get on the floor there are quotas that unless you have a car salesman background, you will play hell to meet!

    Advice to Management

    Put more emphasis on upgrading your computer programs to better, and faster assist customers that you insist must be helped, and sold a product or service in 5 minutes, or less.....invest some in your systems, and your people. You have lost alot of very good customer service people who were liked by your customers because you want to be a big dog in the industry.......and you've lost customers because they don't always want to be "pitched a product", they just want a problem solved! And quit service charging them to death!


  6. "n/a"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Advertising Intern in Sleepy Hollow, IL
    Former Employee - Advertising Intern in Sleepy Hollow, IL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great location, great people, great opportunities

    Cons

    I enjoyed my time there


  7. Helpful (1)

    "Group Lead"

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

    I have been working at BMO Financial Group full-time

    Pros

    Leadership is dedicated, work is challenging, modern offices and regular meetings to commucicate changes and initiatives

    Cons

    Annual salary adjustments are 2% or less, health care plans are moving to high deductible options, reliance on contractors

    Advice to Management

    Invest in your employees; the industry is competitive and has already taken significant resources away. Requiring talent will take more time and money and regulators won't except attrition as an excuse


  8. "Great Employer"

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

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

    Pros

    Great employer, great management, flexible environment

    Cons

    bit lower income offer as compared to other banks


  9. "Reporting Manager"

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

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

    Pros

    Work life balance is great in comparison with consulting or other banking industry areas.
    Opportunities to move and grow within the company if you are in the right dept with the right senior leadership

    Cons

    Benefits arent great, but are good for now until sweeping changes in 2017 to all high deductible health care plans.
    Senior leadership doesnt believe in resource utilization, they hire good talent but dont know what to do with them once they start. Raises were null this go around, but they made over a billion dollars last FY. Who knows maybe they will start to compete with other banks in this area.

    Advice to Management

    Learn to properly utilize resources to help lessen attrition, treat and compensate your employees well and the rewards will benefit everyone.


  10. "Room to grow"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Process & Procedure Advisor in Chicago, IL
    Current Employee - Process & Procedure Advisor in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Commitment to employees and customers is top notch. Senior leadership is committed to growing best in class. Diversity and growing ones career are encouraged.

    Cons

    System platforms do not speak to one another so there is an abundance of re-work or duplication upon program setups.


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