BMO Financial Group - Overworked and Underpaid - Wage not commensurate with responsibilities | Glassdoor
There are newer employer reviews for BMO Financial Group
There are newer employer reviews for BMO Financial Group

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Helpful (1)

"Overworked and Underpaid - Wage not commensurate with responsibilities"

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

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

Pros

Great intro to the company and interactive teller training... all downhill from there

Cons

Understaffed
Have to work unpaid overtime often
Penny-pinching organization
Miserable Branch Mgr and Asst Branch Mgr and FSMs - just like tellers they too are overworked and realize it's a dead-end job

Advice to Management

If you invest in people in retail banking you will actually realize your goals to be the top bank in Canada. However cutting tellers (who make as low as 25k a year full time) and the dismal pay only means you have constant turnover - which in turn frustrates your precious customers. After 3 months with BMO I was the most tenured teller!

I now sell cars and it's night and day.. Really there are a million jobs that pay 2x more and don't have half the stress.

Other Employee Reviews for BMO Financial Group

  1. Helpful (4)

    "It's all smokes and mirrors, very deceiving!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Client Relationship Consultant
    Former Employee - Client Relationship Consultant
    Doesn't Recommend
    Negative Outlook

    I worked at BMO Financial Group full-time

    Pros

    Colleagues are very helpful and investment certificates are paid for. Good learning experience if you want to learn about the brokerage industry.

    Cons

    lots of calls, unrealistic sales target, poor managers, track every move you make. The managers are either too busy playing their own stocks and make you feel as if you are bothering them when you ask for help or they only care about how much sale you made. Turnover is higher than average because you get fed up quickly.

    Advice to Management

    There is a reason why they are constantly hiring because they cannot even keep their employee content. My advice is play fair and treat your employee with respect, learn how to manage humans not robots.


  2. "competitive"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Manager in Toronto, ON (Canada)
    Current Employee - Senior Manager in Toronto, ON (Canada)
    Recommends
    Negative Outlook
    Approves of CEO

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

    Pros

    opportunity for varied experiences
    stock option/Mid term incentive pay for Senior Managers and Directors

    Cons

    new initiatives/projects are paralyzed by processes

    Advice to Management

    better/less subjective talent management is required


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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