Where is BMO Private Bank located?

BMO Private Bank is headquartered in Kansas City, Missouri, but may have operations in other locations within the Financial Services sector.

What does BMO Private Bank do?

According to the company's overview, BMO Private Bank is a company that operates in the Financial Services industry.

What industry is BMO Private Bank in?

BMO Private Bank operates in the Financial Services industry.

BMO Private Bank Average Salary, Pay Ranges & Benefits

BMO Private Bank Salary

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Salary at BMO Private Bank

Current Job Openings at BMO Private Bank

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Is BMO Private Bank’s Pay Competitive? Salary Benchmarking Analysis

How does BMO Private Bank's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.

Competitor / Benchmark	Avg. Salary	Variance	Primary Market Influence Factor & Explanation
Carrion Group Holdings Corp	$94,573	-0.1%	Aligns perfectly with prevailing regional benchmarks for this specific job family.
Bank Sba Division	$92,516	-2.3%	Suggests Bank Sba Division utilizes a highly similar base-plus-benefits compensation model.
SOHO Square Solutions	$116,471	+23.0%	Reflects a supply-demand imbalance for the specific talent SOHO Square Solutions targets.
WR Hambrecht + Co	$118,190	+24.9%	Supported by WR Hambrecht + Co's high-margin contracts allowing higher overhead.
Financial Services Industry	$121,514	+28.4%	Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.

Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

How BMO Private Bank's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at BMO Private Bank. Click a company name to learn more.

Carrion Group Holdings Corp

$94,573 / year

Salary Range: $82,893 - $107,294

Whitestown, IN

Bank Sba Division

$92,516 / year

Salary Range: $81,097 - $104,929

Chesterfield, MO

SOHO Square Solutions

$116,471 / year

Salary Range: $102,100 - $132,109

New York City, NY

WR Hambrecht + Co

$118,190 / year

Salary Range: $103,612 - $134,060

San Francisco, CA

Tc Bancshares Inc

$85,091 / year

Salary Range: $74,591 - $96,515

Thomasville, GA

Piggy Bank Checks Cashed

$101,809 / year

Salary Range: $89,244 - $115,476

Saint Paul, MN

Platinum Hemp Bank

$107,284 / year

Salary Range: $94,045 - $121,683

Garden Grove, CA

North Bank

$92,432 / year

Salary Range: $81,024 - $104,831

Buckeye Lake, OH

Custodia Bank Inc

$85,766 / year

Salary Range: $75,187 - $97,283

Cheyenne, WY

Employee Reviews: Working at BMO Private Bank

Considering a career at BMO Private Bank? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.

Diverse talent and positive culture. The environment is calm, with few unexpected challenges. Advancement opportunities are limited but clearly communicated. A place that rewards initiative and loyalty. This balance makes the work incredibly engaging and fulfilling, accelerating my professional development in the financial sector significantly.

Commented in April 23, 2025

42

1

Colleagues are helpful and motivated, and the company celebrates achievements. Pet insurance was a welcome surprise. There’s little to disrupt the daily grind. The work-life balance is respected, and the company encourages innovation. Training is frequent, feedback is constructive, and growth opportunities are plentiful.

Commented in March 05, 2025

30

3

Training is offered but sometimes lacks depth or relevance to specific roles. Compensation and benefits are top-tier, reflecting the value placed on talent. I haven’t faced surprises, but there’s also little opportunity for input unless part of management. Policies are clear but sometimes overly bureaucratic, hindering swift decision-making. Consistent recognition for performance. The first month ...

Commented in October 26, 2024

31

2

Positive feedback is celebrated company-wide. This enables us to work efficiently and effectively for our clients. It’s a culture that truly promotes growth and collaborative problem-solving, benefiting both employees and our diverse client base. Collaboration is present and it is somehow encouraged beyond necessity. Clients trust us because we deliver results with integrity.

Commented in August 11, 2024

31

0

Employees are expected to perform at a high level, but support is always available. It’s a high-performing yet people-first workplace. This financial services firm truly invests in its people.

Commented in January 31, 2024

42

1

What Benefits Does BMO Private Bank Offer Beyond Salary?

A competitive compensation package is more than just a salary. BMO Private Bank offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:

Social Security

401(K)

Disability

Healthcare

Pension

Time Off (days)

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How Much Should You Be Earning?

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What Is the Cost of Living Near Kansas City?

Understanding the cost of living near Kansas City is key to truly evaluating a salary offer or your current compensation at BMO Private Bank.

Kansas City, MO's Cost of Living Index is approximately 87.2 (12.8% less expensive than US average; 1.9% less than MO average). Major city, BBQ/jazz, affordable housing, RideKC bus/streetcar (free). When planning your budget based on a salary from BMO Private Bank, consider these typical monthly expenses:

Expense Category	Estimated Monthly Cost	Key Considerations / Notes
Housing (1-BR Apt Rent)	$950 - $1,500+	A significant portion of BMO Private Bank salary. Location choices impact this heavily.
Utilities (Basic)	$140 - $230	Electricity, Heating, Cooling, Water etc.
Public Transportation	$50 (RideKC monthly pass, streetcar free)	Essential for most commuters; car ownership is costly.
Groceries (Single Person)	$380 - $560	Can be higher with more dining out or specialty stores.
Personal & Leisure	$380 - $700+	Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual)	$370 - $680+	Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes)	$2,270 - $3,670+	This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of BMO Private Bank

1. How much does BMO Private Bank in the United States pay?

BMO Private Bank pays its employees an average of $94,658 per year. The average salary at BMO Private Bank range from $82,976 to $107,367 per year. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills and location.

2. Do BMO Private Bank employees get a higher salary than its peer company?

The salary at BMO Private Bank is higher than its peer company. The average annual salary at BMO Private Bank is $94,658, or an hourly wage of $46, in comparison to Carrion Group Holdings Corp which pays $94,573 per year or $45 per hour.

3. How much does salary increase with years of experience at BMO Private Bank?

Salary progression with years of experience at BMO Private Bank is typical. Generally, as employees gain more relevant experience, develop more skills, and take on greater responsibilities, their earning potential increases. For example, a role with 5-7 years of experience will usually pay more than the same role requiring 0-2 years.

4. Do salaries at BMO Private Bank vary by office location?

Yes, it's very likely that salaries at BMO Private Bank vary by office location. Companies often adjust pay based on local market rates, cost of living, and talent competition in different geographic areas. For instance, a role in a high-cost city like New York City may offer a higher nominal salary than the same role in a lower-cost city like Omaha, NE. Our Cost of Living Insights for Kansas City section provides more context.

5. Does BMO Private Bank offer good benefits?

BMO Private Bank typically offers a comprehensive benefits package that adds significant value to an employee's total compensation. Common benefits include health, dental, and vision insurance, a 401(k) plan often with a company match, paid time off. For example, a strong 401(k) match or excellent, low-cost health insurance can be worth thousands of dollars annually, effectively increasing your overall earnings beyond your base salary. For a more detailed list of benefits, please see our "Employee Benefits at BMO Private Bank" section on this page.