BMO M&A TO
Anyone have insight into this team - culture, hours, bonus, etc.
See they are hiring analyst / associates has anyone heard back yet?
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Based on the most helpful WSO content, BMO's culture and compensation have been a mixed bag. Here are some insights:
Culture: The culture at BMO varies significantly by group. For example, Metals & Mining has been described as having a "sweatshop culture," while other groups like MM deal flow in New York and Chicago are seen as more solid. In Calgary, BMO is noted for having a great culture with little turnover, but this may not directly reflect the M&A team.
Hours: BMO has been criticized for having "crazy hours" in some areas, which could extend to M&A given the nature of the work.
Bonuses: Bonuses at BMO have been described as underwhelming. There are reports of "shitty bonuses across the board," even after significant effort from employees to keep the bank afloat.
Hiring: BMO has been actively hiring, but there have also been layoffs and reductions in class sizes in the past, which might indicate some instability.
If you're considering applying or have already done so, it might be worth reaching out to current or former employees for more specific insights into the M&A team.
Sources: State of BMO in 2020, BAML M&A London - Exit opps? Hours? Reputation?, Banks with best cultures, Information on BofA FIG, 2019 MBB Comparison (Interview Process, Locations, Responsibilities, Perks...)
Bump if anyone's heard back
Bump.
Among the worst hours at the bank, alongside DIG (but probably worse) but better than M&M. Strong Canadian exits. Pay on par with rest of group / bank / B5.
Pros
Cons
Great Insight - thank you for sharing this. That was my question exactly is what is the split given they are very strong in M&M was not sure if the modelling was done in-house like CIBC EIT.
What are hours like regularly +85, and any idea of total comp. Seems like they are looking for an Analyst I, but I am sure people will move back a year to get more transaction exposure.
The modeling thing is not super clear cut no matter what bank you in are outside of ultra niche groups. Its capacity dependant.
Can you expand on the culture/ group head ?
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Anyone hear back yet - I see the reposted but also looks like it is rolling basis.
D or F tier bank
would rather re recruit tbf
LOL you there currently?
I interviewed there for an associate role many moons ago - it wasn't a bad experience and they sent my resume to other groups at the bank to recommend to talk to me....but they loved programatically canning people, esp, associates. it's pretty bizarre that they had CVP-type standards, but were really just....BMO Toronto.
lol reading this is scaring me. got an offer from that group and a lower tier coverage group at another b5. thoughts? Obviously leaning towards bmo as they've been doing well on league tables and m&a has good exits, but i also have the option to join DIG and it seems like I'll build similar reps (if not better)
Decent work I’ve heard team is okay but wonky culture
bump
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