Current and former employees report that BMO Financial Group provides the following benefits. It may not be complete.
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‘Vacation time is 2-4 weeks depending on your seniority and initial offer.’
‘I think this is good too’
‘Goes well beyond industry standards’
BMO offers life insurance and dental insurance for employees. Life insurance includes term life insurance, coverage of medical expenses, long term insurance. it is pretty good one. Dental insurance could be better. It covers cleaning & minor restoration services pretty well, but major restorative services (crowns, implants) will be mostly out of your pocket. Also BMO offers some "best of BMO" discount programs. Personally I was never able to find something useful for me. Financial services are available at "employee rate", but you can find something very similar at competitors. Bank account is free for employees, exchange rate for foreign currency is better also. Employees are eligible to receive corporate pension with optional payments. Manager level is eligible to get stock options (depends of your performance and department). Training expenses are (usually) covered. Yearly bonus is granted basing on your performance.
Decent vacation of 4 weeks
Excellent benefits including RRsP and ESOP
Decent health coverage without any payroll deductions. ESOP plan is basically free $.
DB plan, flexible wfh arrangement
Benefits were on par with other big banks
great options provided by the employer
The Employee Share Ownership Plan is decent and everyone should use it if possible, it automatically takes the amount off your paycheque, recording it for tax purposes, and BMO will match up to 3%. If you need to withdraw funds, you can do periodically (I think every 6 months) without penalties.
Les avantages sont excellent pour tout le monde
Contribution au régime d'actionnariat est un avantage intéressant