525 Employee Reviews (View Most Recent)

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It's a conservative bank, what did you expect?

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

I worked at Northern Trust full-time for more than 3 years

Pros

#1 Vacation days, #2 an emphasis on charity and community service, #3 Overtime was very rare

Cons

I have never worked anywhere with so many people just waiting it out for retirement, or with such a cultish deference to management in every aspect of their work life. The pay was not competitive, but then, not much is expected of you. Put all of that together and you get a stifling environment where there are 5 middle managers involved in every decision, with their main criteria being what the manager above them will accept. I constantly felt that my work was mediocre.

Advice to ManagementAdvice

Flatten your management structure. If you are going to lay off employees, don't give your CEO 12-17 million pay packages. Strip everyone of their titles and start over again. Give less importance to your suit and your self importance, more to your work.

Doesn't Recommend
Neutral Outlook
Disapproves of CEO

Other Reviews for Northern Trust

  1.  

    Not the Northern Trust of old

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

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

    Pros

    Many good people work here, and the location in the Loop is great.

    Cons

    Compensation has been lagging the past 4 years, and expense controls are taking their toll on people. Overall atmosphere has become quite gloomy.

    Advice to ManagementAdvice

    Be careful that expense control efforts don't inadvertantly undermine productivity.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2.  

    Really great place to work!

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Northern Trust

    Pros

    Good opportunities for career advancement.

    Cons

    None that I can think of.

    Advice to ManagementAdvice

    None that I can think of.

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