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BMO Financial Group

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Ok benefits but high workload and low pay - Lead Software Developer BMO Financial Group Employee Review

2.0
5 Jun 2026
Recommend
CEO approval
Business outlook

Pros

- Bonus - RRSP matching - some shares - parental leave policy

Cons

- High workload, lots of politics depending on the team - 2-month cycle of waterfall, with no flexibility when things go unplanned, which means developers working unpaid OT to meet deadlines - poor tech, inconsistent stacks and infrastructure across organization - large amount of red tape and processes to slow you down (even getting help from other groups like IT to set something up eats into your department’s internal “budget”, when you are out of “budget” you just can’t get it done) - compensation much lower than tech industry in Canada, especially GTA, but not uncommon for banking - lack of diversity: for some reason half of the developers are based out of India while the other half just came from India, probably due to low salary offered. What happened to hiring Canadian trained graduates?

Explore other reviews about BMO Financial Group

5.0
27 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Good culture that gives ample responsibility

Cons

Long hours in a demanding environment

1.0
6 Jul 2026
Recommend
CEO approval
Business outlook

Pros

Lots of products and services. Tons of potential!

Cons

In order to be a top performer, you have to be willing to break the law and accept that the company wants you to violate BSA regulations related to KYC, CDD, and EDD.

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