There are newer employer reviews for Northern Trust

Helpful (5)

Notorious for Poor Management and Compensation

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

I worked at Northern Trust full-time (more than 8 years)

Doesn't Recommend
Negative Outlook
Disapproves of CEO
Doesn't Recommend
Negative Outlook
Disapproves of CEO

Pros

- Job Security and minimal job stress (for most groups)
- Great for those approaching retirement and/or focusing on family > career

Cons

- Extremely conservative work culture (in every sense of the word) - not conducive to advancements in technology and/or creativity & "pass-the-buck" mentality
- Job security (very difficult to get fired + very minimal frequency of layoffs) coupled with poor compensation/performance incentives (<1% bonus) results in widespread lackadaisical workforce.
- Minimal opportunities for career growth - promotions are seldom and typically given based on tenure rather than performance.
- Widespread incompetence and arrogance from management that is extremely disconnected from the realities of the day to day responsibilities of subordinates - often leads to disproportionate workloads among colleagues and low employee morale.

Advice to Management

Get rid of the poor management and dead weight running rampant throughout the organization. They are tarnishing the brand of what used to be a great company.

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  1. Helpful (2)

    Low Compensation and No Growth

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

    I have been working at Northern Trust full-time (more than 5 years)

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

    Pros

    Great work environment. Nice people.

    Cons

    No opportunities for career growth; compensation perks are laughable; lack of appreciation for consistent, hard-working partners that perform above average every year. Training and development of skills is hap-hazard.

    Advice to Management

    Invest in partners that show strong progession and willingness to learn and do more. Pay more than what you believe your "budget" can afford.

  2. Okay...

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

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

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Benefits, work/life balance, good pay for entry level employment

    Cons

    Uneducated management, favoritism, stuffy culture.

There are newer employer reviews for Northern Trust

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