There are newer employer reviews for Northern Trust
There are newer employer reviews for Northern Trust

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Helpful (1)

IT is on the verge of being hated among the bank due to outscoring and finger pointing....

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

I have been working at Northern Trust full-time (More than 8 years)

Recommends
Neutral Outlook
Disapproves of CEO
Recommends
Neutral Outlook
Disapproves of CEO

Pros

Diversity, many great programs for professionals who are like minded. Yearly trainings in other subject matters. In the heart of downtown.

Cons

Extremely high in corporate politics, very resistant to change when new ideas are brought to the table. Must follow chain of command when you question anything. Pay and bonus are average or below market. A lot of "Damned if you do, and your damned if you don't" moments.

Advice to Management

Allow the youth within company to grow and leverage processes for better efficiency. C level executives say one thing but middle management will not allow subordinates to challenge current processes or incorporate new ideas to drive performance.

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  1. Helpful (2)

    Overall a decent place to work

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

    I have been working at Northern Trust

    Recommends
    Neutral Outlook
    Disapproves of CEO
    Recommends
    Neutral Outlook
    Disapproves of CEO

    Pros

    The best part about Northern Trust is the stability. You have the ability to move around quite a bit, especially if you meet the right people. Great work-life balance.

    Cons

    The salary is horrendous, especially if you start right out of college. They tend to give you 1-2% increases every year. You tend to get 10% if you change jobs. You can only make good money if you leave and come back.
    Even the horrible employees don't get fired.


  2. Helpful (2)

    Great reputation, so-so pay with work life balance

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

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

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    It is nice to work for a company with a great reputation. It can make obtaining new business easier. Most people don't work more than 45 hours per week, so there is work-life balance.

    Cons

    Raises for the common folk are small. The executives get nice raises. Limited career mobility. Lots of projects to handle while managing your clients. Middle management keeps expanding.

    Advice to Management

    Pay your people well in a record breaking year, don't blame the interest rate enviornment for low raises. SVPs and above should be more accountable for new business - they should be rainmakers.


There are newer employer reviews for Northern Trust
There are newer employer reviews for Northern Trust

See Most Recent

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