BMO Financial Group - Good corporate culture | Glassdoor
There are newer employer reviews for BMO Financial Group
There are newer employer reviews for BMO Financial Group

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"Good corporate culture"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Senior Account Manager in Milwaukee, WI
Current Employee - Senior Account Manager in Milwaukee, WI
Recommends
Neutral Outlook
Approves of CEO

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

Pros

They are very organized, well marketed and have a robust product offering. They understand what works and are willing to build on it

Cons

Audit and Legal rule the roost. They almost trip on themselves and getting anything done requires too much red tape.

Other Employee Reviews for BMO Financial Group

  1. "Bait, Switch."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Planner, Investment & Retirement Planning in Indianapolis, IN
    Former Employee - Financial Planner, Investment & Retirement Planning in Indianapolis, IN
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    The branch level folks are great to work with, by and large.. but there is distinct silo-ing between bank and broker, thanks to the removal of incentives to refer.

    Cons

    Very little seasoned support in the field so I work way too many hours. Back office is miserable to work with with few exceptions, as the good ones were tossed out in the merger. Salaries went away when BMO came to town. I have to pay out of pocket for managed money client account processing (MONTHLY!). $10 per client, per month. 100 clients... $12,000 out of my poicket per year... AND take my salary away? Really? See ya.

    Advice to Management

    Be straightforward. Don't sugar coat. Don't be so greedy. INVEST in your FA's... maybe some formal sales training to keep the talent growing in practice and compliant.


  2. Helpful (1)

    "Changed for the worse"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Personal Banker in Chicago, IL
    Current Employee - Personal Banker in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    The health insurance is relatively inexpensive and vacation benefits are pretty good, hours are convenient for the employees.

    Cons

    Technology still not up to par, manager's know less than the employees, sales goals are unrealistic and the products are changing for the worse and making it harder to recommend

    Advice to Management

    Step into the shoes of your employees and see how overwhelmed they are with all of your unrealistic expectations and goals given the technology and products available. We are trying but we need more support!

There are newer employer reviews for BMO Financial Group
There are newer employer reviews for BMO Financial Group

See Most Recent

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