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 Hourly Pay Rate & Wages

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	$45	-0.1%	Suggests Carrion Group Holdings Corp utilizes a highly similar base-plus-benefits compensation model.
Bank Sba Division	$44	-2.3%	Aligns perfectly with prevailing regional benchmarks for this specific job family.
SOHO Square Solutions	$56	+23.0%	Driven by niche technical certifications required for SOHO Square Solutions's specialized projects.
WR Hambrecht + Co	$57	+24.9%	Adjusted for higher cost-of-living indices in WR Hambrecht + Co's primary metro hubs.
Financial Services Industry	$59	+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.

Companies Similar to BMO Private Bank and Their Hourly Pay Rates

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

$45 / hour

Salary Range: $40 - $52

Whitestown, IN

Bank Sba Division

$44 / hour

Salary Range: $39 - $50

Chesterfield, MO

SOHO Square Solutions

$56 / hour

Salary Range: $49 - $64

New York City, NY

WR Hambrecht + Co

$57 / hour

Salary Range: $50 - $64

San Francisco, CA

Tc Bancshares Inc

$41 / hour

Salary Range: $36 - $46

Thomasville, GA

Piggy Bank Checks Cashed

$49 / hour

Salary Range: $43 - $56

Saint Paul, MN

Platinum Hemp Bank

$52 / hour

Salary Range: $45 - $59

Garden Grove, CA

North Bank

$44 / hour

Salary Range: $39 - $50

Buckeye Lake, OH

Custodia Bank Inc

$41 / hour

Salary Range: $36 - $47

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?

Get an estimated calculation of how much you should be earning and insight into your career options.

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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. What is the average salary for employees at BMO Private Bank?

The average total compensation for employees at BMO Private Bank is approximately $46 per hour. However, this is an aggregate figure, actual salaries can range significantly, typically from $40 to $52 per hour, depending on factors like job role, experience, and location.

2. How much does BMO Private Bank pay compared to Carrion Group Holdings Corp?

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 does having a professional certification impact salary for relevant roles at BMO Private Bank?

Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at BMO Private Bank for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

4. Does BMO Private Bank offer cost-of-living adjustments (COLA) for employees in high-cost areas like Kansas City?

While some companies offer formal COLA, many, including potentially BMO Private Bank, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.

5. What's the typical process for salary reviews and raises at BMO Private Bank?

Most companies, likely including BMO Private Bank, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.