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BMO Financial Group

Engaged Employer

BMO Financial Group reviews

3.7

68% would recommend to a friend

(9,002 total reviews)
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Darryl White

83% approve of CEO

64% positive business outlook

BMO Financial Group has an employee rating of 3.7 out of 5 stars, based on 9,002 company reviews on Glassdoor which indicates that most employees have a good working experience there. The BMO Financial Group employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

9K reviews
3.0
Oct 16, 2020
Recommend
CEO approval
Business Outlook

Pros

If you like mindless work and want to get paid for doing nothing, then this corporate environment is perfect. BMO has competitive pay, amazing PTO, and work life balance.

Cons

There's little to no onboarding and you will be treated like a number. If you're looking to be part of the learning & development group don't expect much. This department is run by higher level management and is an "order-takers" group. There's no analysis, development, or evaluation--only design and visual work to go around. Mostly formatting PPT decks. They love their decks and stock photos! BMO is also undergoing major restructuring. After a year into my role they decided to dissolve my team and change my job description and title with no warning. Beware of roles related to new initiatives and employee experience. I was hired into a new role that didn't exist previously (which sounded amazing including end to end development and program management) only to discover that the job they hired me for was someone's pipe dream. When that person retired two weeks into my role they decided to treat me like a graphic designer. They could have gotten away with a contractor for a few weeks of work rather than hiring for a brand new role that they did not understand.

4.0
Oct 7, 2020

Supportive, Caring Management

Recommend
CEO approval
Business Outlook

Pros

1) Management provides flexibility to work from home with equipment they provide. 2) BMO University provides a wealth of e-learning opportunities that are college-credit eligible. 3) Both Maternity and Fraternity leaves available for 12 weeks. 4) Nice annual bonus program that has consistently paid out when performance objectives are met 5) Nice Employee Stock Purchase Program, 5% match on 401K, and Cash Balance Plan into 401K plan 6) Can carryover 1 week of vacation 7) Executive management does an excellent job communicating status of the company on a weekly basis to the entire organization

Cons

1) No more in-person learning sessions 2) Expected to work extra hours to meet project deadlines 3) Majority of management is located in Toronto 4) Practically all meetings are via phone, Skype, or Microsoft Teams 5) Health insurance is expensive 6) Stressful at times. 7) Limited growth & career advancement opportunities

1.0
Oct 31, 2019
Recommend
CEO approval
Business Outlook

Pros

You can walk through the door above $40k/year.

Cons

Turnover rate is comical Technology is light years behind other institutions. Branches are UNBELIEVABLY understaffed. Leadership is non-existent. You're expected to make cold calls daily with a goal of AT LEAST 10 sales. You're calling the same customers monthly pitching whatever promotion is on the posters in branch until you either beat them into submission, or they close their accounts and change their phone numbers. You’ll be “coached.” daily if you're not selling a credit card to every person you come in contact with. Sales, sales, sales. Sales. Did I mention sales? Completely dependent on the snow bird population. (At least where I am.) Most managers are completely inept when it comes to leading or running an effective team, let alone being educated in banking. Zero brand recognition, and zero attempt to fix it.

Viewing 13 - 15 of 9,002 Reviews

Glassdoor has 10,707 BMO Financial Group reviews submitted anonymously by BMO Financial Group employees. Read employee reviews and ratings on Glassdoor to decide if BMO Financial Group is right for you.