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Bank of Montreal Assessments

    • 12 tests |
    • 110 questions

Bank of Montreal (BOM) is a financial services organization based in Ontario; it is one of the big five banks in Canada.

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Bank of Montreal digital interview

The digital interview at Bank of Montreal is included in the recruitment process for customer-focused or customer-facing roles.

This short interview is conducted on a digital interview platform called HireVue, where candidates are given a set of questions and asked to prepare and record their responses to these questions.

Questions are aligned to the skills and competencies required for the role. Once all responses to the questions have been completed, these are then sent for review and assessment.

Approach the digital interview in the same way as a face-to-face interview. Even though you are speaking to a camera, remain calm and make sure that you use open and positive body language to convey your interest in the role and the answers you are sharing.

Bank of Montreal in-person interview

The in-person interview is usually the final stage of the recruitment process at BOM.

Questions may be asked on your skills as relevant to the role and on your development areas. Situational questions are also part of the interview, requiring candidates to provide examples using their previous experience.

When preparing for the interview, have examples ready to share on the skills and competencies required for the role. Also, ensure that you have reviewed the job description and have researched the Bank of Montreal as an organisation, so you can demonstrate your knowledge of your commitment to a career with the bank.

Practice Aptitude Tests is not associated with Bank of Montreal. We provide preparation services for Bank of Montreal psychometric tests. Our tests are not designed to be identical to any style, employer or industry. Visit https://jobs.bmo.com/ca/en to find out more.

Sample Bank of Montreal Tests question Test your knowledge!

A client wishes to purchase a 5-year certificate of deposit (CD) that compounds interest quarterly. The initial deposit will be $5,000, and the APY (annual percentage yield) offered by the financial services organization is 3%. What will be the value of the CD at the end of the 5-year term?

  • $5,796.87
  • $5,817.25
  • $5,500.00
  • $6,000.00

A financial institution offers a savings account with an annual interest rate of 2%. If a client deposits $10,000, how much will the account balance be after one year, assuming no withdrawals and that the interest is compounded annually?

  • $10,200.00
  • $10,020.00
  • $12,000.00
  • $10,002.00

An equity research analyst is comparing the price-to-earnings (P/E) ratios of two companies. Company A has a share price of $40 and earnings per share (EPS) of $2. Company B has a share price of $60 and EPS of $4. Which company has a higher P/E ratio?

  • Company A
  • Company B
  • Both have the same P/E ratio
  • Cannot be determined with the information provided

During a fiscal year, a financial services firm processed 250,000 transactions. If 0.08% of these transactions were identified as fraudulent, approximately how many transactions should be investigated for fraud?

  • 200
  • 2,000
  • 20
  • 2

A portfolio manager earns an annual salary of $120,000 and is promised a bonus of 5% of the salary if the portfolio's return exceeds the benchmark index by at least 2%. If the portfolio returns 8% and the benchmark index has returned 5%, what will be the total compensation including the bonus?

  • $126,000
  • $123,000
  • $120,200
  • $122,000

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Bank of Montreal Tests Tips

1Understand the Format

Familiarize yourself with the types of questions and the format of Bank of Montreal’s aptitude tests to reduce surprises on test day.

2Practice Regularly

Consistency is key. Regular practice can greatly improve your test-taking skills and timing.

3Review Basic Concepts

Brush up on fundamental principles, especially in math and reasoning, to ensure a solid foundation.

4Take Free Practice Tests on This Site

You can take free practice tests right here on Practice Aptitude Tests to simulate the actual test experience.

5Stay Calm and Positive

Keep a positive mindset and manage your stress, as a clear head will help you perform at your best.

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Bank of Montreal Tests FAQs

What are the Bank of Montreal tests?

The Bank of Montreal tests are a suite of assessments primarily designed to measure candidates’ aptitude in areas such as numerical reasoning, verbal comprehension, and problem-solving skills. These are standard in the financial services industry and help to identify the most suitable applicants for the roles offered by the bank.

Are the Bank of Montreal tests hard?

The Bank of Montreal tests can be challenging, as they are intended to evaluate a candidate’s ability in various competencies relevant to the financial services sector. However, their difficulty largely depends on the individual’s proficiency in the tested areas and their test-taking skills.

How do I prepare for Bank of Montreal tests?

The best way to prepare for Bank of Montreal tests is through focused practice and familiarization with similar test formats. On Practice Aptitude Tests, you’ll find a wealth of practice tests that mirror the real assessments to help boost your preparation.

How long does the recruitment process take at Bank of Montreal?

The recruitment process duration at Bank of Montreal can vary based on the role and department. Candidates should be prepared for a comprehensive process that could include multiple rounds of testing and interviews, potentially spanning several weeks.

What are Bank of Montreal's core values?

Bank of Montreal’s core values include commitments to ethics, respect, accountability, and diversity. These values guide their business practices and set expectations for the conduct of their employees.

Reviews of our Bank of Montreal tests

What our customers say about our Bank of Montreal tests

  • May 22, 2024

    Critical Thinking

    I liked that the test involves critical thinking and is timed, very good preparation for the real test

  • Nigeria

    September 20, 2022

    Great Prep Work for the Real Thing

    You require quick thinking to be able to assimilate all the information in a short time. Often times the questions are long and it might be difficult to assimilate properly.

  • Canada

    March 19, 2022

    I got to know how the test looks like

    I like it – thanks for posting it and informing me about all the stuff. Now I feel cool about it.