Northern Trust

  www.northerntrust.com
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Northern Trust Reviews

Updated Jul 25, 2014
All Employees Current Employees Only

3.2 461 reviews

77% Approve of the CEO

Northern Trust President, CEO, and Director, Northern Trust Corporation and Northern Trust Company Rick Waddell

Rick Waddell

(265 ratings)

64% of employees recommend this company to a friend

Review Highlights

Pros
  • Culture that built a great reputation serving clients well and supports work/life balance(in 98 reviews)

  • Great Pay for entry positions, set schedule, good benefits, but pricey depending(in 25 reviews)


Cons
  • management in some divisions punishes employees for voicing concerns to senior management(in 16 reviews)

  • Management does not care about your home work life balance(in 7 reviews)

461 Employee Reviews
Relevance Date Rating
in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    1 person found this helpful  

    Painfully political

    Anonymous Employee (Current Employee)

    ProsJob stability - many people have worked all their adult lives at this company.

    ConsNo effort is ever good enough. Salaries are lower than other companies, and raises are meted out in pennies. Politics is ridiculously out of control, and the only criteria for advancement. Diversity is a catch phrase, but the reality is a work environment that is highly discriminatory and condescending in Northern's treatment of lower level women, older people. Token diversity is rampant, which is just as insulting as overt racism. The atmosphere is cold, stiff, intolerant, and non-inclusive. Lots of blame throwing. Life long employees are celebrated dead weight who spend more time working the system than adding productive value or ideas. People do not smile much in this region.

    Advice to Senior ManagementI remember once meeting Rick Waddell, who did not say one word but looked at me like I was beneath him and walked away. That said it all.

    No, I would not recommend this company to a friend

    • Culture & Values
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    • No Opinion of CEO

     

    Reconciliation

    Anonymous Employee (Current Employee)

    ProsIt's a job. Not much else.

    ConsLow pay for such a critical position

    Advice to Senior ManagementGet with the times and pay employees market rate. Way too much loss of talent and knowledge due to low pay and poor support by upper management.

    • Culture & Values
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    • No Opinion of CEO

     

    Northern Trust

    Project Manager (Former Employee) Chicago, IL

    ProsPay was decent. Location is great. Technology is mostly current.

    ConsNot very friendly people. They are too impressed with the on boarding process to stand back and look at it from an outsider's point of view.

    Advice to Senior ManagementBecome more in touch with the staff. Rotate first level management personnel.

    No, I would not recommend this company to a friend

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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    A place to start.

    Alternative Investment Analyst (Current Employee) Chicago, IL

    ProsLooked highly upon in the industry, known as a great custodian with expertise in the area. Work life as many have stated if you are looking for that.

    ConsNot the place to be if you are a fast mover. Many people around me have been there many years and are doing the same job as me. They seem to promote what is left which is usually experienced people in the company but probably aren't the brightest or ambitious.

    Advice to Senior ManagementDevelop a program to really give young go getters a vision of what their career could look like at Northern, otherwise it is just a stopping place where many move on.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
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    • Senior Management
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    • Approves of CEO

    1 person found this helpful  

    Hedge Fund Services

    Consultant (Current Employee) Chicago, IL

    ProsHedge Fund Services is a great position for anyone coming out of college. You gain experience the operation side of trading

    ConsThere is no formal training so you must learn as you go. Most teams are at capacity so you will need to be patient when asking for help

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

    1 person found this helpful  

    Derivatives

    Anonymous Employee (Former Employee)

    ProsDependable firm in financial services

    ConsPolitics and competitive environment make work difficult.

    • Culture & Values
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    • Approves of CEO

     

    Established company with establish procedures and policies.

    Anonymous Employee (Current Employee)

    ProsSolid company. Good place to learn how to navigate a large organization. Ability for flex depending on department and role.

    ConsLarge organizational structure and tenure of employees sometimes slows ability to enact change.

    Advice to Senior ManagementSpend more time, effort and money on some of the "low hanging fruit". Not issue needs a multi-year software implementation. Clean up what you have and hold requestors accountable for requests (post install cost benefit).

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
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    • Career Opportunities
    • Approves of CEO

     

    Very Rewarding

    Manager (Current Employee) Chicago, IL

    ProsCareer Opportunities
    Supportive Management
    Company Reputation
    Work-life Balance

    ConsToo many stakeholders
    Dated technology
    Wrong people in managemenr

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
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    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    A excellent financial institute to work for

    Document Loan Specialist (Former Employee) Chicago, IL

    ProsThere is lot's of room for advancement,everyone is a team players, plenty of training to get you going to get the job done in a timely sufficient matter that is beneficiary to the company.

    ConsYou get the experience you need, to advance to a higher level, nice compensation,plenty of overtime

    Advice to Senior ManagementWhen a new employee comes in for contract position another contracted person shouldn't be the one to train them, and they should give them a chance, at least the minimum of 30 days

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    1 person found this helpful  

    Northern Trust Does Not Provide The Training You Need To Be Successful

    Derivatives Analyst (Former Employee) Chicago, IL

    ProsDecent pay, prestigious titles, experience

    ConsInadequate training, token diversity, covert racism, phony colleagues

    Advice to Senior ManagementInvest time in proper training and maybe you will see a better return on the TRILLIONS of temps you rely on to make your company go round. Also, it's not smart to stick new hires with idiots who don't know how to train. Not everyone can train/teach. On my 1st day of training, the idiot who was training me was surprised to know that he was even going to have to train me.

    I was hired as an OTC Derivatives Analyst, and the NEXT DAY was switched to PIMCO analysis. To put it simply, this wasn't a real analysis position. It was simply a complex data entry position and nothing more. Northern Trust does an excellent job of putting lipstick on pigs when it comes to job titles and job details. If they actually invested in proper software that actually received and managed data properly, the position wouldn't even exist, or at the least would probably be sent off to Bangalore, India.

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

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