BMO Financial Group Pay & Benefits reviews

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Pathetic Managers & Management
Analyst (Former Employee) –  Toronto, ON2 December 2018
Extremely bad managers, and management team at BMO!

Managers want to make employees work and not pay overtime. Managers overwork employees. Managers' manager not in the same city and country, so managers can do whatever and get by! Bankrupt management policy!

Base pay is low. No performance related remuneration!

Managers should be sacked!
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Team meetings were fun.
Quality Analyst (Former Employee) –  Montréal, QC21 November 2018
It was good environment I worked in, lot of opportunities. We had refreshing places as playing table tennis, and the food court was very good. I got very good team and lead. Left as I got good opportunity.
Pros
Good environment.
Cons
Salary.
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Analyst
ANALYST, SCORECARD (Former Employee) –  Toronto, ON18 November 2018
Good work-life balance and the co-workers are friendly. The salary is quite comparable to other companies in the same industry. However, change management can be slow and managers are comfortable to the same business process which can be quite repetitive and not efficient.
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Over the years BMO has changed
Financial Services Manager (Former Employee) –  Cornwall, ON13 November 2018
I have worked for BMO for many many years and to be very honest with you for most of these years BMO was a great place to work. I have worked in branches and for managers that made me look forward to going to work and for some that made me cringe at the thought of walking in the door. Pay is fair and benefits are good. If you are not good at sales DO NOT apply at BMO.
Pros
Great clients
Cons
The almighty dollar is far more important to them than their employees
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low risk exposure environment
Investment Specialist (Former Employee) –  Mississauga, ON11 November 2018
diversified culture; nice managers; stable income;fixed working hours;low risk exposure environment; overtime paid; no limit sick days; nice coworkers.
Pros
low risk exposure
Cons
long hours
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productive
Customer Service Representative (Former Employee) –  Orillia, ON8 November 2018
The bank was an informative place to work. I liked dealing the front line and seeing the steady flow of new faces. The staff were very professional .
Pros
benefits
Cons
small kids
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Very bad experience
Executive Assistant (Current Employee) –  Toronto, ON6 November 2018
A lot of contracts with little or no job security, extremely stressful environment, little training and new hire support. Expected to be there all the time, with no lunch break (not paid). People's managers don't know what is going on with the employees.
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settlement reps
Senior Equity Settlement Representative (Former Employee) –  Montréal, QC28 October 2018
working with BMO Finanical Group was great, the training they offer was excellent,promotions was offered whenever you wanted to make a change. they also paid for college,they paid for your classes upfront as long as you maintained a C average.
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Nice place to work
Customer Service Representative (Current Employee) –  Toronto, ON24 October 2018
Management and coworkers are nice. Some benefits even if you are part time. If working in Toronto, being multilingual is a great asset. Many job opportunities once you get in the bank.
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A decent place with good job security and benefits
Senior Project Manager (Former Employee) –  Markham, ON24 October 2018
BMO is a good size company that offers job security and good benefits for those who are willing and committed. The culture is ever shifting and environment is adaptive however the company is process driven. Management plays a key role in the cultural shift as new technologies and methodologies are introduced. Government regulations play a key role also in shaping the technological decisions.
Pros
good work life balance with good benefits
Cons
too many silos but not a con when working together for same goal.
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Solid people and nice management
Financial Services Manager in Training/ Senior CSR (Current Employee) –  Vaughan, ON13 October 2018
Have a good time, colleagues are great and breaks are proper. Work is taxing and you are not compensated appropriately. Should be paid more for the responsibilities they put on us. Learned a lot while on the job and higher ups are very helpful if you request assistance.
Pros
Learn a ton, good management, always have people to help you out
Cons
pay
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Great
Customer service Representative (Current Employee) –  Montréal, QC9 October 2018
Had a great time at BMO, Lunches are not long enough for the amount on work you do before lunch. Great work atmosphere, positive energy. Good benefits.
Pros
stability
Cons
little pay
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banking industry
Customer Service Sale representative (Former Employee) –  Montréal, QC5 October 2018
Good environment, salary average compare to rest of industry. average opportunity to grow, company is cutting the number of customer service representative.
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Workplace with Career Enhancement
System Analyst/Sys Admin (Current Employee) –  Toronto, ON2 October 2018
The first job in the Financial sector, the team was cooperative, helping, learned a lot of new working methodologies, switched to other teams afterward, overall its good
Pros
Hours and benefits were good
Cons
Management require to adopt new techniques
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Competitive
Project Coordinator (Former Employee) –  Toronto, ON1 October 2018
Depending on team, work-life balance can be pretty bad. Bonuses are also dependent on whether you are a cost centre or revenue generating. Job security is similar to other banks, meaning that you are only as secure as long as you are needed.
Pros
Benefits
Cons
Work-life balance
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A Customer Focused Bank
SENIOR PRIVATE BANKER (Current Employee) –  Calgary, AB17 September 2018
A typical day at work involves autonomy, networking with colleagues, meeting clearly defined goals, and functioning within a corporate culture that drives outcomes.
Pros
A competitive benefits package.
Cons
Generalist vs Specialist roles.
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Wasted my time with BMO
Product Owner (Former Employee) –  Toronto, ON15 September 2018
I couldn't stay longer than my probation time, it was that bad. Most of my time was dealing with politics and "the way it's always been done" mentality instead of actually doing work. FT benefits not good for such a large company.
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Average employer
Functional Business Analyst (SME) (Former Employee) –  Toronto, ON14 September 2018
I would rate them average.
Lot of pressure of sales. Micro-management. Salary is not that attractive compared to job expectation. They want you to delivery million by compensating you few thousands, but I believe thats with every back. Every bank wants more.
Pros
Company organisation
Cons
Micromanagement, Job-Salary balance.
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Body Snatchers effect
Senior Technical Specialist (Former Employee) –  Toronto, ON10 September 2018
Working at BMO for almost 3 years was like watching the movie from the 50's Body Snatchers.

Every week I would notice another BMO employee disappearing from his/her desk and an offshore person appearing at the same desk. This process continued to the very end until about 95% of the people on my floor and the floor above me were replaced.

BMO hires f/t employees with bad intentions as they are essentially temporary employees who are let go after just less 3 years to avoid paying them retirement benefits.
Pros
Managers are dumb
Cons
No job security
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Not a fun work environment
Full-Time Customer Service Representative (Former Employee) –  Etobicoke, ON6 September 2018
You are required to repeatedly make sales to fill your weekly quotas, even if its borderline unethical to do so.

The company operates like a dictatorship. High stress job, for very little reward.
Pros
Free parking at some locations
Cons
30 minute lunch hour.
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Overall rating

3.8
Based on 1,882 reviews
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Ratings by category

3.7Work/Life Balance
3.5Salary/Benefits
3.4Job Security/Advancement
3.4Management
3.6Culture