BMO Equity Research WSO Hours and Pay
Whether you’re an equity research professional looking for the right firm or a new employee looking to get your foot in the door, it’s important to have a thorough understanding of the culture of a company before you commit to it. While some firms have strong brands and strong cultures, other firms are more mixed. And, while it’s important to know what to expect when working at an investment firm, it’s also important to remember that hours and pay can be rough.
Hours can be nasty
Regardless of which group you work in at BMO, the number of hours you work can vary greatly. Some analysts are lucky to work a few hours each week, while others may work as many as 90 hours each week. If you’re a VP or associate, you’ll be able to work a lot more than your analyst counterparts, but if you’re just a junior analyst, the hours will be a little less.
If you’re in a tough group, such as mining or diversified, you may get up to a couple of days of work each weekend. Those in a less tough group may only get to work one or two days on weekends. Regardless of the group you work in, the hours you’re required to work can vary, but if you’re an analyst, you can expect to work a solid 40 hours each week, while your associate counterparts may get as many as 80 hours.
Pay is way below street
Considering BMO Capital Markets, which is an investment bank, I was wondering what the pay was. As of now, it’s way below street level. Unless you are a top performer, there’s no reason to stick around for a long time. However, if you’re new to the business, you’ll have more opportunities for growth, including getting your first associate job. Depending on your level of experience, you may receive a salary bump, and possibly a bonus.
The pay at BMO bank is similar to other Canadian banks. However, it’s highly group dependent, and office hours are often brutal. The bank often lays off Associates who have underperformed. Moreover, there is constant turnover. There are often associates who are promoted to Associate 2 or even Associate 3 within the first year of employment.
BMO offers a good place to start your career. You’ll be able to work on a lot of interesting deals and earn a competitive salary. The bank also has a high level of prestige in the U.S. and has a competitive bonus program.