Northern Trust

  www.northerntrust.com
  www.northerntrust.com

Northern Trust Reviews in Chicago, IL

Updated December 22, 2014
Updated December 22, 2014
528 Reviews
3.4
528 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
304 Ratings

Review Highlights

Pros
  • Great place to work & great work life balance; especially during the tax season (in 120 reviews)

  • Decent work -life balance, good work environment and a good salary for a start (in 32 reviews)


Cons
  • Lack of effective work-life balance despite the fact that Northern says they promote the issue (in 12 reviews)

  • management in some divisions punishes employees for voicing concerns to senior management (in 18 reviews)

More Highlights

234 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Investment Operations Outsourcing

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

    I worked at Northern Trust full-time (more than an year)

    Pros

    The company has a great middle office department, which handles back office operations tasks. The team is supported by excellent management knowledgeable partners. IT provides an excellent learning environment for new college grads.

    Cons

    There are very limited opportunities to advance in back office operations. Though it is a great foot in the door to move onto other roles within the organization.

    Recommends
    Positive Outlook
    No opinion of CEO
  2.  

    Great Experience

    • 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

    Pros

    Professional and Helpful management. Great first job after degree.

    Cons

    Cannot think of any at this time.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    OKAY

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

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

    Pros

    Gain a lot of industry knowledge, company likes to keep it's employees, some locations have day care centers , company has a good reputation and is stable

    Cons

    poor work life balance depending on what department you work in, can be high stress, company is very conservative and salaries are below industry standard

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    They act like a bank that is 125 years old.

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

    I worked at Northern Trust full-time (more than an year)

    Pros

    Great co workers, decent training available.

    Cons

    Horrible culture, they don't fire bad employees, just push out good ones.

    Advice to ManagementAdvice

    HR department needs ethics.

    Doesn't Recommend
    Approves of CEO
  6.  

    Account Manager

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

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

    Pros

    Great place to work, flexibility for family.

    Cons

    Need bigger raises to stay competitive.

    Recommends
    Positive Outlook
    Approves of CEO
  7. 2 people found this helpful  

    Good Place but lacks identity

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

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

    Pros

    Great people, well respected in industry, nice to have on resume. Allows for a work life balance and is relatively employee friendly.

    Cons

    I was in the investment management side and we completely lacked an identity. Compensation is somewhat low relative to the industry and this has hurt. Company is not sure what they want to be - indexer, active, manager of manger.

    Recommends
    Approves of CEO
  8.  

    Great place

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

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

    Pros

    Good salary/good benefits/ good work environment/good managers

    Cons

    I cant find any, its almost a perfect place to work for.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Very good opportunities as a recent Graduate. Well known company that opens up opportunities with a lot of other firms

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

    I have been working at Northern Trust full-time (less than an year)

    Pros

    Very good work/life balance; you get bank holidays off as well as very generous time off/sick days/personal days/work from home opportunities.Well known company that opens up opportunities with a lot of other firms within the financial services industry.

    Cons

    Can get very boring with the monotonous work; You do the same things week in and week out. Depending on where you are, there is no real on-boarding training sessions... you get dropped in and are expected to know what you're doing.

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    Awful

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

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

    Pros

    - It's next to impossible to get fired.
    - If you're already established, low output requirements for decent pay

    Cons

    - Low pay for young people
    - Low mobility
    - Hypocritical pay for management
    - If you start low, it takes years of "market adjustments" to get you where you should be (raises capped at 10% of current pay, even if you're below market)

    Advice to ManagementAdvice

    You already know this, but start focusing more on your top tier young talent - no one wants to work for you past three years.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11.  

    Friendly, supportive, flexible workplace, but a behemoth to try to change if your job calls for being a change agent

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Program Manager (Vice President) in Chicago, IL
    Former Employee - Program Manager (Vice President) in Chicago, IL

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

    Pros

    Great benefits and flex work arrangements offset by lower salaries for majority of staff. Numerous benefits and accommodations for working mothers. Respectful and supportive attitudes towards alternative lifestyles and minorities. Staff is mostly helpful and friendly, collegial atmosphere prevails, information sharing is much better than typical of the East Coast firms. The teamwork and we-are-in-it-together attitude varies by business area, depending on management. Offers lots of great training programs.

    Cons

    The culture can be insular and entrenched in the old ways of doing things from mid-level management down. "We've been around for 120+ years, and did well for ourselves, thank you very much. We've always done it this way, so why would we do it any differently?" is the prevailing attitude. Even if Executive leadership is open to change, it does not trickle down to the masses. They do bring outsiders in supposedly for their industry experience, but then tend to disregard their previous experience...

    Some dead weight still remains, although they've been trying to clean house since '08 recession.

    Advice to ManagementAdvice

    Accountability. Make example of people who fall short of expectations.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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