Northern Trust Reviews

Updated August 21, 2015
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Northern Trust President, CEO, and Director, Northern Trust Corporation and Northern Trust Company Rick Waddell
Rick Waddell
138 Ratings

Pros
  • Many roles offer great work life balance (in 120 reviews)

  • The work environment Is very light, despite demanding clients (in 32 reviews)

Cons
  • Management does not care about your home work life balance (in 12 reviews)

  • management in some divisions punishes employees for voicing concerns to senior management (in 18 reviews)

More Pros and Cons

225 Employee Reviews

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  1. Great Company to work for

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Vice President in Chicago, IL
    Current Employee - Senior Vice President in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Northern Trust full-time (More than 3 years)

    Pros

    Great culture and diversity. A lot of opportunities due to the "generational" turnover.

    Cons

    Needs more new blood/external inflow of workforce. Can sometimes be frustrating for newcomers that the old "regime" is all based on tenure and relationship and not so much accomplishment and expertise.

    Advice to Management

    Steer away from the "always democratic" approach and empower thought leadership.


  2. Steady place

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Anonymous Contractor
    Former Contractor - Anonymous Contractor
    Recommends
    Positive Outlook

    I worked at Northern Trust as a contractor

    Pros

    Good place for leaeners but slow

    Cons

    Slow encironemnt at times and difficult to change


  3. Great culture

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Northern Trust full-time

    Pros

    Great people to work with

    Cons

    Compensation isn't great - not competitive


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Good Place

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Approves of CEO

    Pros

    Very organized. Great Training.

    Cons

    Maybe too systematic in some departments


  6. Good company, good culture (Hedge Fund Services)

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Chicago, IL
    Former Employee - Anonymous Employee in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Northern Trust full-time

    Pros

    Relatively flat org structure makes it way less cutthroat than other jobs. Everyone basically gets the same number of days off, with a slight bump for those that have been there a long time. I forget how many, but it seemed like a lot, so that was cool. Omnium/Citadel Solutions heritage is evident in the top-notch technology used. People are all very intelligent and willing to help other team members when needed. Basics of the job aren't tremendously difficult to master; sometimes there are more intricate issues, depending on the clients you're on (pretty standard). Totally decent work-life balance outside of busy season, which goes from January to mid-March. If you're counting at home, that's a full month less than a tax busy season... so, there's that!

    Cons

    Relatively flat org structure offers less in terms of titled progression, if that's your thing. Some might find the monthly deliverables repetitive, but that also makes increases in efficiency more easily attainable. Last-minute client changes could mess up your dinner plans sometimes, but that's typical, right? If it seems like I'm tempering my criticisms... I guess I am!

    Advice to Management

    Perhaps institute a clearly defined bonus structure that is tied to some easily observable metric that the team can keep an eye on month-to-month to offer additional incentive.


  7. Great Benefits

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Northern Trust full-time

    Pros

    Great Benefits, Laid back culture,

    Cons

    Easy to get comfortable, and can slow development


  8. Very capable co-workers, but not much innovation anymore

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - IT Applications Administration Contractor in Chicago, IL
    Former Contractor - IT Applications Administration Contractor in Chicago, IL
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Northern Trust as a contractor (More than a year)

    Pros

    All my interactions were with very capable people, even the contractors. Everyone worked together to get things done.

    Cons

    Many of the employees (not contractors) are older, long time employees with vested pension plans. They are diligent and capable in their work, but it is obvious that they are counting the days until their retirement. Its like working among the walking dead. Nobody has any new, innovative ideas because they have been there too long to do anything differently. The philosophy is that any change poses an unacceptable risk - even in a test environment.


  9. Helpful (2)

    Many Opportunities

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Chicago, IL
    Current Employee - Vice President in Chicago, IL
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Northern Trust full-time (More than 10 years)

    Pros

    -Opportunities abound if you are willing to work for them. -Senior management very approachable -Work/Life balance is likely better than most Asset Managers

    Cons

    -Employee turnover higher given management rarely ever competes to retain talent -Legacy employees who have performed at a below average/average level are never put on a performance plan or released.

    Advice to Management

    -Don't be afraid to take more risks. -Start releasing the bottom 5-10% of performers each year


  10. Great place to work for

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    This is one of the best companies in the Chicagoland area to work for.

    Cons

    Sometimes it can feel like work/life balance is not at all there. But it all depends on what you are working on. Also almost all companies have these ups and downs with respect to the workload. So not really a con, but just happens more often.

    Advice to Management

    Make sure the company level priorities are communicated very well, and also ensure that the teams are empowered to do their tasks that help accomplish those big things.


  11. Northern Trust has great work / life balance

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Consultant in Chicago, IL
    Former Employee - Consultant in Chicago, IL
    Recommends
    Positive Outlook

    I worked at Northern Trust full-time (More than a year)

    Pros

    Great corporate culture - very friendly and professional. Great work / life balance. Expect to work 40 hours a week and take all of your vacation days. Lot's of opportunities to move internally within the company.

    Cons

    Very conservative, slow moving company.



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