Northern Trust Reviews

Updated August 28, 2014
Updated August 28, 2014
527 Reviews

3.3
527 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Northern Trust President, CEO, and Director, Northern Trust Corporation and Northern Trust Company Rick Waddell
Rick Waddell
296 Ratings

Review Highlights

Pros
  • Culture that built a great reputation serving clients well and supports work/life balance (in 100 reviews)

  • Good work culture, people are friendly, and the salary for fresh grads is competitive (in 26 reviews)


Cons
  • Management does not care about your home work life balance (in 9 reviews)

  • management in some divisions punishes employees for voicing concerns to senior management (in 16 reviews)

More Highlights

150 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Decent Experience/Great First Career Step

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Fund Accountant  in  Chicago, IL
    Current Employee - Senior Fund Accountant in Chicago, IL

    I have been working at Northern Trust full-time for more than 3 years

    Pros

    Northern Trust carries strong reputation among SuperRegional Banks, and has been around for quite some time. As a first career, any entry level position is a step up on your resume. Benefits are great, and salary is manageable.

    Cons

    Salary isn't something that's a strong point here, seems like all entry level positions are atleast 10% under the market norm. Management has too many similar roles paying VP's and Sr VP's to do Consultant/TC roles. The TL position is supposed to carry management duties, however most are overriden by the Team Manager, so role is basically a TC without overtime.

    Advice to ManagementAdvice

    Cut down on management and pay the entry-level partners a better starting salary and maybe turnover wont be as terrible.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Great Culture

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

    I have been working at Northern Trust full-time for more than a year

    Pros

    Pay is competitive, SME skillset, great working environment

    Cons

    promotions seem to be siloed

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Great people, great environment, could use some modernizing

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

    I have been working at Northern Trust full-time for more than a year

    Pros

    Incredibly helpful coworkers and superiors

    Cons

    Technology and office perks are way outdated

    Advice to ManagementAdvice

    Upgrade your technology and office perks.

    Recommends
    Neutral Outlook
    No opinion of CEO
  4. We want your feedback – Are these company reviews helpful to you?  Yes | No
  5.  

    Good company, great culture, great work/life balance

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

    I have been working at Northern Trust full-time

    Pros

    Good work/life balance, strong leadership, great company values

    Cons

    Conservative culture, slow growth relative to peers

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    A sturdy company

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

    I have been working at Northern Trust full-time

    Pros

    Many departments (but not all) have good work-life balance, and give the employees leeway to work from home and use their available time as they wish.

    Cons

    There are a lot of people who leave Northern Trust so they can return to Northern Trust. This is because Northern Trust will pay more for an external candidate than for someone within the system.

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Trust Management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Client Manager  in  Chicago, IL
    Former Employee - Senior Client Manager in Chicago, IL

    I worked at Northern Trust full-time for more than 10 years

    Pros

    Solid firm with long term focus. Employees are valued and Northern Trust has comprehensive benefits and coverages for all employees

    Cons

    Not always able to make decisions as quickly or transparently as would be liked by those on the front lines.

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

    Diversity Managment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Northern Trust full-time

    Pros

    Family oriented. Flexible hours. Employs lots of recent graduates.

    Cons

    Slow movement on management track.

    Advice to ManagementAdvice

    Diversify upper management.

    Recommends
    Positive Outlook
    Approves of CEO
  9. 1 person found this helpful  

    Derivatives

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Northern Trust

    Pros

    Dependable firm in financial services

    Cons

    Politics and competitive environment make work difficult.

  10.  

    Established company with establish procedures and policies.

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

    I have been working at Northern Trust full-time for more than 10 years

    Pros

    Solid company. Good place to learn how to navigate a large organization. Ability for flex depending on department and role.

    Cons

    Large organizational structure and tenure of employees sometimes slows ability to enact change.

    Advice to ManagementAdvice

    Spend more time, effort and money on some of the "low hanging fruit". Not issue needs a multi-year software implementation. Clean up what you have and hold requestors accountable for requests (post install cost benefit).

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    People-Centric Work Environment, but Ongoing Challenges to Transform

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

    I have been working at Northern Trust full-time for more than 3 years

    Pros

    The company prides itself in being people-centric (strong benefits package), both in its fiduciary relationship with clients as well as with its employees, or partners, internally. Most managers are comfortable providing flexible work options, depending on team deliverables. Several avenues for networking and career development, but only for those who can establish the right network. Internal mobility is common and widely supported by managers who have themselves benefited from working across functional areas.

    Cons

    Similar to the rest of the industry Northern Trust has been pushing large change initiatives to reduce expenses and raise revenues. Lack of funding in budgets has limited opportunities for internal mobility and flatlined growth in most partners salary despite increased responsibilities and volume. Change provides opportunities for individuals eager to enhance the company, but challenges the status quo that many partners benefit from due to skills or networks they've developed over 20+ years in the company. Many decisions get made (or swayed) by personality or relationship of senior stakeholders despite effort put into group analysis and discussion.

    Advice to ManagementAdvice

    Current performance rating metrics (1-5 system) too easily blend mediocrity with high performance, making it easier for managers to equally reward team members, despite potentially huge discrepancies in productivity. Internal culture is being strained or clashing with cross functional projects/programs, and in many cases the culture key managers have mastered, is a huge impediment to effective change, one frequent example being managers across business units avoiding decisions due to conflict aversion, while pursuing their own agenda.

    Recommends
    Neutral Outlook
    Approves of CEO

Worked for Northern Trust? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.