BMO 2024 Diversity Scholarship Thread
Just received an email for a first round. Anyone have knowledge/experience with this program and can shed some light?
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Me too! Would appreciate some help.
Did anyone respond to you with a time slot for first rounds? Sent over my availability right after I got the email but no reply yet.
Same here, thinking it will come out in the next few days.
delete
I know they will be conducting first rounds until Wednesday.
cool, what order did you rank offices?
I'd like to go to chicago
Anyone still interviewing?
I got a final round for next week
They called you or emailed you?
Me too. What office is this for?
got final decision?
Update under here when offers start coming out after final round (ending today 2/15)
Change your username brah, per favore ;)
Heard offers are out, kid I know got it before said you get stuck in dcm
Heard that too, buddy of mine was stuck.
Kinda bullshit they stick the diversity kids in shitty groups. Heard this too
deleted
who did you hear this from. Got an email saying they would update after the weekend
BMO Capital Markets' Diversity Scholarship is a solid opportunity for students with underrepresented backgrounds.From what I've heard, the process for that includes 2 interviews (in-person or online, depending on school). At least one of your interviewers will be MDs.Questions range from basic behavioral (why BMO, why IB, why school, why [major], strengths and weaknesses, a time when you failed, leadership etc.) to simple technicals about DCF/Trading Comps/Transaction Comps, case study questions about hypothetical companies (comparing EBIT/EBITDA, debt-equity ratios), accounting ($10 depreciation, walk through, know the line items, etc.).They've likely already begun to extend offers for those who have applied to it.BMO either accepts you as a Diversity Candidate and grants you a SA position, or if you perform well (but the firm doesn't want to give you the scholarship) they can accelerate your interview process (which may lead to further interviews) and give you a standard SA offer.I'd advise just applying to both, to avoid any cognitive or subconscious biases that may be attributed to diversity candidates.From what I've heard, culture at the bank varies (from sweatshop culture at Metals & Mining to solid MM deal flow in NY/Chicago). Take this last point with a grain of salt, since culture is highly dependent on group.
Yes this is correct. 2 interviews no technicals usually, I got a few because MD worked in the group I was interested in. Not sure how they make decisions, but I feel like you need to give a strong response when they ask who else are you interviewing with/level of interest in BMO.
Also keep in mind Asian males count as diversity, this is by Canadian standards and not US. "Visible minority" is the term they used. No networking for me and got interviews.
And to echo your point, being Canadian bank, BMO is extremely good in metals&mining, top 3 no question. Not sure if they have this is the US, may be Toronto only.
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