BMO Financial Group - Very nice people and good place to work if you want a suburban/family lifestyle. | 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)

"Very nice people and good place to work if you want a suburban/family lifestyle."

StarStarStarStarStar
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Portfolio Manager in Chicago, IL
Former Employee - Portfolio Manager in Chicago, IL
No opinion of CEO

Pros

While the salary seem to be lower, the benefits are above average and geared towards those with a family. The people at BMO are very nice, people you would like to have as your neighbors.

Cons

The Canadian management does not seem to accurately value US operations or staff. While the employees are nice, they don't seem to be the cream of the crop and seem more accepting of the status quo than superior performance. There was more emphasis on doing it "there way" instead of a better way.

Advice to Management

Don't confuse the recent bank stock price performance with superior operations and strategy. The limited competition between the few Canadian banks and elevated commodity prices are more likely to account for how Canadian banks outperform US banks. The culture of the bank was to avoid risk and not manage risk, which frequently put bank customers at an unwarranted disadvantage as a bank customer.

Other Employee Reviews for BMO Financial Group

  1. "Good place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Manager I in Chicago, IL
    Current Employee - Senior Manager I in Chicago, IL
    Recommends
    Approves of CEO

    Pros

    good pay, managers are compentent, fair and honest. Compensation is good compared to other places. Lots of opportunity to advance if you want.

    Cons

    Small workspaces. They never fire anyone, so there are alot of old hats sticking around who should have been gone a long time ago.

    Advice to Management

    Love the focus on customer service and the fact that there is a clear, ambitious strategy for growth. Keep up the good work!


  2. "There's good & bad. Same as most places"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Chicago, IL
    Former Employee - Anonymous Employee in Chicago, IL
    Recommends
    Approves of CEO

    Pros

    Met and worked with some great people.
    Good benefits, decent vacation.
    Better incentive if you work in a profit center

    Cons

    Company promotes work, life balance and regular reviews, but managers are not consistant with how this is applied.

    Advice to Management

    Invest in technology to have one general ledger platform being used company wide and account names and numbers are consistant.

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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