BMO Financial Group
Happiness score is 53 out of 100
3.8 out of 5 stars.
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Loan Specialist yearly salaries in Canada at BMO Financial Group

Job Title
Location
Average salary
$44,394 per year
7%
Below national average

Salary estimated from 5 employees, users, and past and present job advertisements on Indeed in the past 36 months.

Compare all Loan Specialist salaries in Canada

Common benefits at BMO Financial Group

Benefits information is taken from job posted on Indeed.

Financial perks

  • Loan repayment program

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  • Retirement plan
Learn more about benefits

Reviews about Pay & benefits for Loan Specialist at BMO Financial Group

Good place for entry level job in banking

Great place for an entry level job position. Overall good management and opportunities to advance. Pay could definitely be better. 3 weeks paid vacation and good benefits.

Pros

Good advancement opportunities. Paid vacation. Good place to build a career in banking.

Cons

Schedules are not always the best. Pay could be better.
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Good work life balance but processes need change

Overall a good and secure place to work however would not recommend a role in customer service to family or friends. Benefits are great and compensation is fair for the type of work being completed, HR and external resources provided for employees are fantastic. Recognition program is pretty good (air miles compensation). As per the daily duties, the managers are overall not that experienced or motivating. Micromanaging is common in certain departments. Some processes are difficult to comprehend how it is making things easier for the customer, as it seems this company is mostly looking out for its own profits and of course regulatory compliance. Most enjoyable part of this role is the self satisfaction from achieving targets.

Pros

Paid holidays & Paid Vacation time

Cons

Training programs, management, Lack of growth in certain areas
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stressful targets, poor atmosphere

due to company restructure, position was eliminated. no raises for past 5 years. annual bonuses are minimal even doing a great job. stressful unrealistic targets. used to be a good company to work for many years ago, now it is not an enjoyable atmosphere.
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See all BMO Financial Group Loan Specialist reviews about Pay & benefits

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How much does a Loan Specialist make at BMO Financial Group in Canada?

Average BMO Financial Group Loan Specialist yearly pay in Canada is approximately $44,394, which is 7% below the national average.

Salary information comes from 5 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months.

Please note that all salary figures are approximations based upon third party submissions to Indeed. These figures are given to the Indeed users for the purpose of generalized comparison only. Minimum wage may differ by jurisdiction and you should consult the employer for actual salary figures.

  • BMO Financial Group
  • Salaries
  • Loan Specialist