BMO Financial Group Pay & Benefits reviews

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5.0
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clients, people work with and manager great people
Associate - Everyday Banking (Former Employee) –  Brockville, ON20 April 2019
Associates for everyday banking do not get paid enough for the job they do. A lot of stress and not enough payment or support at the bank of montreal.
Pros
Hours
Cons
Salary
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5.0
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good place
Technical Writer, Enterprise Data Governance & AI (Former Employee) –  Montréal, QC18 April 2019
good work environment, good salary. People were nice to work with and processes were in place. I enjoyed my role there and value BMO as a brand to have on your resume
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5.0
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needs improvement
Executive Assistant (Current Employee) –  Toronto, ON12 April 2019
* salary for admins is not competiive to industry
* poor talent management
* no career advancemnt
* looks good on a resume
* I have learned great skill sets
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4.0
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Work environments with no emphasis on building brand culture
Senior Application Developer (Former Employee) –  North York, ON25 March 2019
Typical day at work would include understanding the requirements and concerns via email from customers and also making sure the team is on top of it.
What I learned was the only difference in being a fulltimer and a contractor apart from the salary differences was the responsibility part. As a fulltimer and team leader, I had to review and advise and expect a contractor paid more than me to (if developer) adjust his/her code, or (if product owner) adjust his/her requirements, or (if tester) adjust his/her test strategies. I had learned time management, people management, and also minding my own job when the issue is out of the project hands and concentrate only on the things I own and know it can be solved.
Pros
Work, More work
Cons
Leave on time, flexibility to work from home etc
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3.0
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Great place to work, terrible pay
Sr. Customer Service Representative (Former Employee) –  Grimsby, ON16 March 2019
The hours are great, co-workers are great and customers are pretty darn nice too . The management is okay. They work with you to a point, for the Work/Life balance, but staff is always short there (due to level of pay). BMO has different hourly pay for each area you work in, for example, Niagara is the lowest start rate being $1 above minimum wage, then you go to Hamilton you receive a higher rate, to Burlington even higher, Mississauga even more etc. We all do the same work, cost of living in Niagara isn't too far off from Hamilton so this pay scale doesn't make sense. Other financial institutions pay more in Niagara, at least $2 more an hour.
Pros
Great business hours
Cons
Terrible pay in the Niagara region, not up there with the other financial institutions
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4.0
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Decent work culture
Software Developer (Intern) (Current Employee) –  Toronto, ON12 March 2019
Decent place to work depending on your team. Don't expect anything extraordinary. You can maintain a good work life balance if you know your skill. Good salary.
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1.0
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avoid working here if you can
FINANCIAL SERVICES ADVISOR (Former Employee) –  Windsor, ON11 March 2019
company culture is bad. there is no support. sales is the only thing that matters. of course in a bank this makes sense, but sales rep cant even take personal sales losses to help customers. you will work A LOT of unpaid time. salaries are good not considering unpaid over time, with that considered most people work for less than minimum wage. anyone making too much money or too high of sales will be pushed around or strategically attacked enough by management they leave.
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5.0
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Incredible experience
Managing Director, Head of Money Market Sales (Former Employee) –  Toronto, ON4 March 2019
My day started at 6:15 and ended when it did...60-80 hour work weeks are normal.
Comp is on par with the rest of the banks.
The Capital Markets area is a different place compared to the rest of the bank....the 1/10 of 1 %
Pros
Pay, Advancement, benefits
Cons
Hours are endless
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2.0
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good
Senior Programmer Analyst (Former Employee) –  Toronto, ON2 March 2019
Pay is not very competitive in the industry. Nice work environment. Good benefits. Work environment may or may not be flexible depending on the team you work in.
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5.0
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Amazing workplace
Investigations Analyst (Former Employee) –  Toronto, ON2 March 2019
-Managers were very understanding.
- A lot of opportunity to grow
- You learn a lot of new software
- Salary is good
- Everyone is treated equally and fairly
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4.0
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Good place to work
Customer Service Representative (Former Employee) –  Montréal, QC1 March 2019
Good place to work, had friendly staff as well as management. Benefits were good. Learnt customer service skills, time management skills and how to be a good team player.
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4.0
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BMO has a great culture!
Performance & Engagement Manager (Current Employee) –  Toronto, ON21 February 2019
BMO is innovative, cultural and focus on customer engagement and benefits.

Diversity and inclusion is valued.

Community engagement and support is valued.
Pros
Well known and respected organization.
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3.0
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BMO gets it done... the culture is very snotty though
Program Coordinator (Former Employee) –  Toronto, ON19 February 2019
As a contractor you are as disposable as they come; I learned to turn the other cheek in that role, but I wouldn't go back there. Everyone is a snake willing to throw you under the bus. You will not make friends working there
Pros
salary
Cons
long hours, managers will mistreat you
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3.0
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Its BMO, its been there for a while...
Associate, Credit Cards Specialist (Current Employee) –  Mississauga, ON17 February 2019
Depends on your job title, task and location.
Client facing jobs may take a toll on you as Customers are very dumb, as there are not very educated on personal banking.
Administrative, you may need to follow strict guidelines and deadlines.
Capital Markets, high pressure on your brain, but, you will be paid very handsomely.
You can get a lot of overtime and you may make the bank even at low grade.
A lot of burnout though. High turnover, because, people are looking to get that extra dollar at different bank.
Come to work, do what you have to do, speak with your manager and move onto next role.
It is known in the industry, BMO Training and Education is No. 1.
People join BMO for that. Even customers notice that.
Good place to start your career and build something worthwhile.
Pros
Recognition, Job Advancement, Growth, Pension, Activities
Cons
Starting salary is low, Employees with Arrogance, Lack of flexibility
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1.0
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They do not care about their employees at all
Customer Service Representative (Former Employee) –  Glace Bay, NS9 February 2019
Worked there for 3.5 years, had to come in on my vacation multiple times because they didn't have anyone else trained to do my job. I was responsible for training and coaching and mentoring all new hires and was making the same amount per hour as they were. In the 3.5 years I worked there I got a .30 raise. Management is only interested in money and has zero regard for the employees who provide their services. I'd never recommend BMO as an employer.
Also almost impossible to get a promotion.
Pros
Free bank account and discounts
Cons
Being an Employee period.
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3.0
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I wonder how is BMO in the top desired employers
Administrative Assistant (Current Employee) –  Toronto, ON4 February 2019
very little opportunities for permanent positions. many contracts that are extended every 3-6 months. the culture is generally very tense and weird. surprisingly bad benefits for a company this size.
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4.0
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Good
Senior Software Application Developer (Full-time) (Former Employee) –  Toronto, ON27 January 2019
Depending on the department, a typical day at work may vary, if you are a critical worker, may involve in working late hours, benefits are good. Technology may vary
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2.0
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work doesnt equal pay
Collections Call Centre Agent II (Current Employee) –  Montréal, QC23 January 2019
they complicate procedures more then they should. the pay is not equivalent to the work espacially comparing to other companies. There changes never seem to make things better but more complicated.
Cons
Pay isnt equivalent to the work demanded
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3.0
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a great way to start your career in the banking industry - great extensive training program Need to offer more options for work life balance
Personal Banking Officer (Current Employee) –  Mississauga, ON22 January 2019
a great way to start your career in the banking industry - great extensive training program
Need to offer more options for work life balance
Great exposure to banking industry
great benefits and good peers
Pros
great company name
Cons
culture is negative
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4.0
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Overall enjoyable role because of team members.
Customer Service Representative (Current Employee) –  Toronto, ON17 January 2019
I work in a branch, its one of the busiest branches in our district. I am lucky and have very supportive managers and great team members, not the case for all branches.

For part-time pay and benefits are not great. BMO should really consider the amount of work customer service reps do and pay more and offer more benefits for part-time and full-time.
Pros
Great learning environment, build good relationships.
Cons
Long hours and a lot of work for little pay
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Overall rating

3.8
Based on 2,021 reviews
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3.7Work/Life Balance
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