BMO Salary Bands

[charliebrown]

Any BMO employees out there? My friend is considering taking a job and would like to know the salary bands for a manager position (head office position as opposed to branch mgr)

Info on manager & up would be appreciated (so she can know what to look fwd to further down the road)

THANX!

[jd82]

It depends on where you live and what "kind" of manager it is.

PM the details.

[AirBosh]

Manager grade brand start anywhere from 53k - 80k

[fly]

Need to know the band level.. It can vary substantially. As well, senior management levels gets bigger bonuses and extra days vacation.

[AirBosh]

Typically 35-36 band for manager and senior is 37-28

[charliebrown]

Typically 35-36 band for manager and senior is 37-28

ok, so i'll tell her
band 35/36 expect anywhere from 53-80k
band 37/38 expect ???

(i assume u meant 38 for senior manager)

on a side note, is it proper to ask during interview process about salary bands? especially salary bands for the next 1/2 levels up?

[AirBosh]

What position is 'your friend' applying for at the bank? Just curious

mmmm if you think you are qualified then ask for the higher band

[charliebrown]

Hmm, she didnt specify, but based on what she's telling me and what's available on the career section:

13266 Manager, Financial Strategy Corporate Areas

Position provides proactive advice, creative solutions and analysis to support financial and strategic initiatives for the Bank. Stay current on global financial services trends and practices in order to contribute to financial and business strategy development and provide support for new business development. Complete environmental scans, assessments and financial model analysis of the Financial Services industry and other key segments, and propose proactive value-creating recommendations and solutions. On an ongoing basis, monitor competitors’ performance through critical assessment. Meet both formally and informally with LOB’s to discuss current issues, market activities and trends. Prepare recommendations to senior management, based on discussions and research, outlining strategies that leverage expertise and market trends to add value to their business and enhance performance. Prepare reports and responses to inquiries from senior bank management on an as-needed basis.

Job Requirements: One or more of CA, CFA, CGA, CMA or MBA combined with 6 to 9 years experience in financial role and preferably 2+ years in a financial consulting environment. Experience in financial analysis and modelling. Strong analytics and an information seeker. Must be able to think conceptually and strategically. Above average relationship management capabilities. Able to relate at all levels. Excellent communication skills; verbal, written and presentation. High achievement orientation and flexibility to adapt to various project needs. Solid knowledge of bank’s financial systems and processes.

[fly]

Didn't you ask about BMO employee mortgage rates since your wife works at BMO? Ask her to find out.

Edit: Mistaken identity.. sorry!

From the description, it's at least band 36.

[ferkel]

I would expect something from 56-65k for something in band 35

[AirBosh]

I would expect something from 56-65k for something in band 35

I concur....

[fly]

It's band 37.. Pays 64k-96k. Median is 80k.. 4 weeks vacation, 10% bonus.

[AirBosh]

It's band 37.. Pays 64k-96k. Median is 80k.. 4 weeks vacation, 10% bonus.

Really!! When will i ever get to level 37....

[charliebrown]

It's band 37.. Pays 64k-96k. Median is 80k.. 4 weeks vacation, 10% bonus.

Thanks! will fwd the insider news over

[jd82]

What position is 'your friend' applying for at the bank? Just curious

mmmm if you think you are qualified then ask for the higher band

hmmmm... im not sure about that.. usually each job has a specific grade attached to it.. if you're VERY qualified, they will probably pay in the high range of the grade (as opposed to low or mid).