BMO Financial Group Reviews in Vancouver, BC | Glassdoor

BMO Financial Group Vancouver Reviews

Updated June 8, 2017
62 reviews

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Vancouver, BC, Canada Area (Canada)

3.2
StarStarStarStarStar
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Approve of CEO
BMO Financial Group President and CEO, BMO Financial and Director Bill Downe
Bill Downe
34 Ratings

62 Employee Reviews

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Pros
Cons
More Pros and Cons

  1. "Great people"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Commercial Account Manager, Midmarket in Vancouver, BC (Canada)
    Current Employee - Commercial Account Manager, Midmarket in Vancouver, BC (Canada)
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Fantastic team who truly care about the client. The commercial bank where I worked has a good attitude towards promoting people and moving compensation as performance justified it.

    Cons

    Still a bank - compensation differential between the best and worst on our sales team is not nearly big enough for the difference in our work levels.

    Advice to Management

    Fix the technology, make the process more efficient, and generally just let me do the work I want to do to achieve the results you want.


  2. "Bad bosses. High employee turnover"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Branch Manager in Vancouver, BC (Canada)
    Former Employee - Assistant Branch Manager in Vancouver, BC (Canada)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    None. Just another bank. Heard TD employees are happier. But who knows grass is never greener on the other side.

    Cons

    No budget for employee appreciation. No raises unless u demand it. They don't pay enough for your experience....only who u know. Well that's corporate world. :(

    Advice to Management

    Stop hiring externally with higher pay. There are many great candidates within the organization.

  3. "Commercial Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - CAM in Vancouver, BC (Canada)
    Former Employee - CAM in Vancouver, BC (Canada)
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at BMO Financial Group full-time

    Pros

    A lot of good people. Most of the employees there are highly skilled.

    Cons

    Has become overly political, with obvious nepotism;
    Lending software is horrendous;
    Upward mobility is nearly impossible unless you "play the corporate game";
    Sales targets are impossible given the tools you have to work with.

    Advice to Management

    Throw Commercial Connect software into the garbage and get a software developer that knows what they are doing.


  4. Helpful (1)

    "dramatic"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Customer Service Representative in Vancouver, BC (Canada)
    Current Employee - Customer Service Representative in Vancouver, BC (Canada)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    easy job, good learning experience, not bad

    Cons

    alot of 'work place politics'

    Advice to Management

    don't make us pay for bmo events you want us to attend


  5. "Casual, low stress"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Customer Service Representative in Vancouver, BC (Canada)
    Current Employee - Customer Service Representative in Vancouver, BC (Canada)

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

    Pros

    Casual work, nice people, good for part-time

    Cons

    not the most exciting job


  6. Helpful (1)

    "Time to find a new job"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Services Manager in Vancouver, BC (Canada)
    Current Employee - Financial Services Manager in Vancouver, BC (Canada)
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    - Good benefits
    - Good work/life balance
    - Employee perks at other retailers

    Cons

    - Very very sales focused
    - Sales targets are the same for someone at the busiest branch vs someone at the slowest branch.
    - Very poor training - Been here for 2 years and am about 90% self-taught
    - A LOT of micro-managing
    - Poor bonus structure (40% is based on whether or not a customer "recommends" you)

    Advice to Management

    Create a better environment where employees want to succeed.


  7. "csr"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Csr1 in Vancouver, BC (Canada)
    Current Employee - Csr1 in Vancouver, BC (Canada)
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    people , coworkers, not much else

    Cons

    bonus structure, sales targets, pay, scorecard weighted on marketplace, poor bank mangers

    Advice to Management

    hire bank mangers that care for staff

  8. "Commercial Account Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Commercial Account Manager in Vancouver, BC (Canada)
    Current Employee - Commercial Account Manager in Vancouver, BC (Canada)
    Recommends
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Great training that lasts up to 9 months. Flown to various cities to go over training and credit.

    Cons

    Lower than industry average salaries.


  9. "good company to start"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Csr1 in Vancouver, BC (Canada)
    Current Employee - Csr1 in Vancouver, BC (Canada)
    Recommends
    Positive Outlook

    I have been working at BMO Financial Group part-time

    Pros

    They accept me as no industry experience

    Cons

    managers changed to often and it is a struggle to adjust to different styles of management

    Advice to Management

    Cutting down CSRs is not a good idea


  10. "Banking"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Trainee-CSR in Vancouver, BC (Canada)
    Current Employee - Trainee-CSR in Vancouver, BC (Canada)
    Recommends
    Positive Outlook

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

    Pros

    Treat employees well, good benefits, nice management, treat clients well, familiar with community

    Cons

    Smaller branch, salary, training could be more structured, better organization, make improvements and better work environment, create better efficiency.

    Advice to Management

    To see things from the Point of view of CSRs and address issues that could makes things more efficient for assistant manager and for entry level employees.


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