BMO NYC
Thoughts on BMO NYC for exits, WLB, comp, etc.? Recently signed an offer here for SA 2025 and wondering if I ended up making the wrong decision. Also, what are the best groups from a prestige standpoint?
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Career Resources
Based on the highest ranked content on WSO regarding BMO, particularly in the context of its state in 2020, here's a breakdown that might help you gauge your decision for the SA 2025 position:
Exit Opportunities: The general sentiment from the WSO threads suggests that while BMO is a decent brand that can teach you a good amount, many juniors have expressed a desire to look elsewhere due to various challenges. This indicates that while BMO can be a stepping stone, it's crucial to network and perform well to secure desirable exit opportunities.
Work/Life Balance (WLB): The discussions around BMO have highlighted concerns regarding work hours and culture. One comment specifically mentioned that compensation does not align with the bonus expectations, and the hours can be intense. This suggests that WLB might be challenging, which is a common theme in investment banking but seems to be particularly noted at BMO.
Compensation: There's a clear indication from the threads that compensation, especially bonuses, may not meet expectations at BMO. This is coupled with comments about the bank not promoting many who deserve it while facing layoffs, which could affect morale and overall satisfaction with compensation.
Top Groups: The specific top groups within BMO NYC are not detailed in the provided context. However, in investment banking, the prestige of groups can often be tied to deal flow, sector focus, and the bank's strengths. It's advisable to research and network within BMO to identify which groups align with your career interests and have a strong reputation.
Culture: The morale at BMO has been described as very bad, with many professionals in serious recruitment talks with other banks. This suggests that the culture may be challenging, with issues including unrealistic goals, below-street compensation, and declining culture.
In conclusion, while BMO offers a platform to learn and grow, it's important to enter with realistic expectations regarding the challenges you might face, including work-life balance, compensation, and culture. Networking within the bank and focusing on performance can help navigate these challenges and secure exit opportunities. Remember, every experience is what you make of it, and being proactive can help you maximize your tenure at BMO.
Sources: State of BMO in 2020, Work/Life Balance - Hours, Canada IB Pay Increase?, Bay Street VS Wall Street Investment Banker, Thoughts on TD Commercial/TD National Accounts/TD Corporate Credit? (Canada)
How was your interview? Got mine soon, any help appreciated
Did you have other interviews?
is BMO 1rs still coming out?
bump
Dm me I am in the same boat
You’re implying this was the wrong decision. Did you choose BMO over another firm(s)? Enjoy your summer, you’ll be fine wherever you land.
This is a diff account - but just came across this post after 2 years lol, I chose it over wells in charlotte
In hindsight was it the right choice
Curious as well. Incoming SA at BMO
Just make sure to take care of your mental health. Currently working at BMO and I have friends in IBD in NYC who are currently summer analysts. From what I heard the culture is horrible, people have been blamed by their staffer for things they never did. My friend was told to leave the office but then told that she should be in office more by the same person. It is hard to decipher their expectations for you because they are not transparent. People on teams will ignore you and are very two faced to interns.
Unclear if you work there, are an intern, or have just “heard” the culture is terrible. Pls fix to make clear
What’s with all the bmo posts as of late
watch. it will translate to a rise in league tables
No one wants to work for that trash bank, not even the unemployed. Those in Toronto know they swept racism and bullying under the table for years until those shitbags finally got caught.
A tad hyperbolic.
Depends on the group.
More and more I’m realizing if you’re in M&A or DIG even at a B5 (in the US, in Canada these groups are well respected for Canadian PE) I think you can still do fine.
MF no, but MM and maybe UMM if you’re excellent, they are in reach.
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