BMO Financial Group reviews

Raises just don't exist here. If you're considering a job at BMO, negotiate a salary that you will be happy earning for several years (until you can get a different job/promotion within the bank or elsewhere). They recently decided to eliminate the pension entirely. The health insurance is pretty awful and expensive. Our technology is a total joke. Senior management is sadly out of touch and often holds "town hall" meetings that do nothing but waste time and allow management to pat themselves on the back. Everything here is very bureaucratic and there's a ton of red tape for even the most simple things.

Middle management is prone to cronyism and favouritism and it's destroying morale. Uneven handling of risky, noncompliant or even unethical behavior if they are friends with the right person. Too much staff turn over. Too little staffing. A suffocating amount of micromanagement to three point that there is no room left for employees to have ownership off their jobs. Focused only on numbers and reports and not people, counter to their brand's goals. If senior leadership is aware of what middle management is doing they aren't fixing it. If they aren't aware they should make it their job to be. The vision of the bank is great, but the disconnect between what the top says they want to be and what the middle forces the bottom to do is unnerving. Little promoting from within. Too much hiring of staff from certain banks knows for unethical behavior.