Northern Trust

  www.northerntrust.com
  www.northerntrust.com
There are newer employer reviews for Northern Trust

 

Decent place to work

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Anonymous Employee in Los Angeles, CA
Former Employee - Anonymous Employee in Los Angeles, CA

I worked at Northern Trust

Pros

Stable work environment
Nice people to work with
Good balance between life/work

Cons

Senior Management out of touch with avg employee
Banks are generally cheap and pay is avg to below
super conservative

Advice to ManagementAdvice

Competitive incentive structure would push employees to go above and beyond to drive growth of the business

Recommends
No opinion of CEO

528 Other Employee Reviews for Northern Trust (View Most Recent)

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  1.  

    Well known company, great benefits, But pay is way under market

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Investment Performance Analyst in Chicago, IL
    Former Employee - Investment Performance Analyst in Chicago, IL

    I worked at Northern Trust

    Pros

    -Great work/life balance
    -Excellent benefits
    -Strong Company Brand
    -Good place to learn and start a career
    -They encourage movement between departments
    -Good, smart people
    -Job security
    -Get to interact with and get to know people in many other departments

    Cons

    -Pay is significantly under market
    -Review process not very good/fair
    -Career progress is typically dictated by one or two individuals; very political
    -No "up or out" model, i.e. it is not uncommon for someone to hold the same position for 10 years with no promotion.
    -Those who "suck up" to the right people move up fast; while others who are just as effective may not get noticed. If yo u don't establish yourself as a "fast track" person from the beginning and get cozy with the right people, it is very hard to recover and move up

    Advice to ManagementAdvice

    -Revise review process to make it more fair. Get input from multiple departments who have worked with the individual as well as clients, peers and superiors.

    No opinion of CEO
  2.  

    Stable in recession, compensation on the lower side

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

    I have been working at Northern Trust

    Pros

    Decent benefits, generous vacation time (3 weeks to start, 4 weeks after you get promoted +sick days etc)
    Global exposure

    Cons

    Compensation on the lower scale.
    Resources are quite limited.

    Advice to ManagementAdvice

    Outline clear career paths for staff; therefore, the development opportunities could be better aligned. Currently, career growth is strictly about who you know not what you know.
    It's hard to ask for compensation to be more compatible during THESE times, but Northern has always been like that...

    Doesn't Recommend
    Approves of CEO
There are newer employer reviews for Northern Trust

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