BMO Financial Group Reviews | Glassdoor

BMO Financial Group Reviews

Updated March 25, 2017
1,359 reviews

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Full-time Part-time

1,359 Employee Reviews

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Pros
Cons
  • Work life balance has gotten worse over time (in 38 reviews)

  • But the good part is that CSR's have really easy sales targets (in 45 reviews)

More Pros and Cons

  1. Helpful (1)

    "Human Resources"

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

    I worked at BMO Financial Group full-time

    Pros

    Great peers, we worked together for the common goal. Technology was great. Aid to provided so that you can take courses.

    Cons

    Too much red tape. The pay was very low. For an institution that makes million of profits, they could afford to pay employees properly. The tellers don't even make $50,000 a year.

    Advice to Management

    Take time to listen to your associates. They are your most valuable asset.


  2. Helpful (3)

    "Run as fast as you can."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook

    Pros

    Good benefits and great co-workers.

    Cons

    Total chaos. Management takes no accountability. Very poor communication.

    Advice to Management

    Management needs to take classes on leadership.


  3. "review"

    Star Star Star Star Star
    Current Employee - Director in Chicago, IL
    Current Employee - Director in Chicago, IL

    I have been working at BMO Financial Group full-time (More than 8 years)

    Pros

    stable, consistent, friendly co-workers, steady compensation,

    Cons

    non-aggressive, foreign headquarters, slower moving than the larger American banks


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  5. Helpful (1)

    "Overview of PB Role"

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

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

    Pros

    Starting 10 holidays, 17 days of PTO, two weeks sick pay.

    Cons

    Losing Pension Plan and Switching to High Deductible Health Coverage.l


  6. "Take cares of employees"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Underwriter in Dallas, TX
    Current Employee - Underwriter in Dallas, TX
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Bmo has Good benefits
    Strong brand name in the north american market
    Global exposure
    Stable bank and has been around for a long time

    Cons

    Opportunities for growth are restricted
    Has good presence in canada but needs to establish itself as a big bank in the US market


  7. Helpful (3)

    "Executive Assistant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Executive Assistant in Chicago, IL
    Current Employee - Executive Assistant in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Nice benefits. Great co-workers. Good work-life balance

    Cons

    Admins are not valued at this company. What company has their EAs work for different managers at different locations and drive there? If you want to move up, don't start in this role, your pigeon-holed. Just cut the pension plan starting in 2017. The downtown environment is sardine city and noisy. Not a good working environment and no privacy.


  8. "Personal Banker"

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

    I have been working at BMO Financial Group full-time (More than 5 years)

    Pros

    Great company to work for

    Cons

    Get promised all these opportunities in the company to move up but they all seem to be empty promises

    Advice to Management

    If promise something make sure you keep that promise or you will loose a lot of great employees


  9. "AML Analyst"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Good work life balance atmosphere

    Cons

    There was a lack of growth opportunities


  10. "Loan Processor"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Loan Processor in Germantown, WI
    Current Employee - Loan Processor in Germantown, WI
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great place to work, fair and good benefits

    Cons

    Going thru a lot of changes somewhat disorganized.


  11. Helpful (1)

    "Impossible Work Loads"

    Star Star Star Star Star
    • Work/Life Balance
    Former Employee - Anonymous Employee in West Allis, WI
    Former Employee - Anonymous Employee in West Allis, WI
    Doesn't Recommend

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

    Pros

    I worked for M&I Bank for 9 years before BMO bought out M&I. Prior to the merger, management was very supportive, improvements were made to technology tools & processes were improved which made the high work loads challenging but possible. Benefits were decent, Goals/bonuses were challenging but fair.

    Cons

    There was a very poorly managed merger in 2012 - 2013. While change is always difficult, so many poor business decisions were made by choosing inferior technology systems, not providing training on the new technology, not establishing proper & legal procedures, etc. By not providing training to M&I employees, it really tied everyone's hands & made being efficient totally impossible. Also by not providing or keeping the more efficient technology tools that M&I had in place, & not transferring account information from the old system to the new system, letting experienced employees go while bringing in new employees with no training/experience also made handling the work loads impossible. Lack of coordination between BMO Harris departments & M&I departments created numerous issues. For example: A certain procedure was being done incorrectly (actually illegally) by a department, & I worked for 4 months prior to leaving to try to get that department to change the process. After I left, my boss continued to work toward getting the process into legal compliance for another 2 years (until he left) to no avail. I continue to talk with friends who are still working there, & I'm told that the work load has not improved, tensions & stress are still running out of control, & major process issues have still not been corrected,



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