Impossible Sales Goals, poor products, tough place to work. - Universal Banker BMO US Employee Review

2.0
May 1, 2014
Recommend
CEO approval
Business Outlook

Pros

The company has great benefits such as medical, dental, vision, 401(k), and pension. The base salary is slightly higher than the average for the industry.

Cons

Over the past few years the company has changed drastically. The products are becoming less and less attractive, the company’s argument is that we are becoming more competitive, but once you do a little research you discover that the products are more expensive and the company does not have the infrastructure or technology to be competitive with major banks. Also during my tenure at BMO Harris I was amazed at how they would raise the monthly quota sometimes upwards of 240%. Not to mention that many of the accounts that would open or loans closed counted little to NOTHING (ZERO) towards my goal. On top of that they have lowered the incentive pay for obtaining that goal.

Explore other reviews about BMO US

5.0
Jun 15, 2026
Recommend
CEO approval
Business Outlook

Pros

Great team, growth, good bonus

Cons

Lean team, nights / weekend deployments

1.0
Apr 24, 2026
Recommend
CEO approval
Business Outlook

Pros

Pros: • Great coworkers who foster a supportive team environment. • Strong commitment to community engagement and involvement. • Attractive annual bonuses and competitive quarterly compensation.

Cons

Cons: • High levels of sales pressure, which can be overwhelming at times. • Concerns about management, particularly after the hiring of former Bank of America leadership; implementation of their sales culture. • Recent changes to branch names (now referred to as Financial Banking Centers) suggest a shift towards Bank of America's practices. • Many branch managers are on performance improvement plans and face pressure to meet 100% of their goals weekly, leading to a stressful work environment. • There are reports of unethical sales practices that may require regulatory attention. Overall: BMO offers a positive work atmosphere with great benefits, but the increasing sales pressure and management issues may raise concerns for potential employees.

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