Northern Trust

www.northerntrust.com

Northern Trust Reviews

Updated January 26, 2015
Updated January 26, 2015
557 Reviews
3.3
557 Reviews
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Northern Trust President, CEO, and Director, Northern Trust Corporation and Northern Trust Company Rick Waddell
Rick Waddell
320 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

Employee Reviews

Sort: Popular Rating Date
  1.  

    Summer Intern-Chicago

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

    I worked at Northern Trust

    Pros

    Loved this program, got alot of connections and
    learned alot.Good pay too.

    Cons

    None really. Its was fast pace but so is this industry so no complains

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Great company to work for

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

    I have been working at Northern Trust

    Pros

    Managers are very supportive. Very much work-life oriented company. Training and growth are very much encouraged.

    Cons

    I would need to investigate further as to whether or not I'm paid fairly. I don't think that they have annual salary increased any longer, unless you have a major expectation change.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    I loved the experience in working for great people and all project teams within the organization.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Challenging But Rewarding
    Former Employee - Challenging But Rewarding

    I worked at Northern Trust as a contractor (more than 5 years)

    Pros

    Work ethic and flexibility. Very positive and rewarding environment.

    Cons

    I have none. It was a great company to work for.

    Advice to ManagementAdvice

    Keep up with being the empowering organization that you are.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Great people to work with

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Wealth Strategist in Greenwich, CT
    Current Employee - Wealth Strategist in Greenwich, CT

    I have been working at Northern Trust

    Pros

    Great Benefits and working environment.

    Cons

    not much room to move around as a junior person

    Advice to ManagementAdvice

    More training for the junior people and support staff along with higher compensation

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Great Company, Less Compensation

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

    I worked at Northern Trust

    Pros

    They pamper you with diverse culture and freedom. Less pressure and definitely for people with long term goals.

    Cons

    Compensation is not up to the mark, being stuck in one process for long, career development on the slow track.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Easygoing, low stress, low pay

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

    I worked at Northern Trust

    Pros

    Working at Northern has great work/life balance. Hours are easy, coworkers are nice.

    Cons

    The company is slow to invest I'm technology and its employees. Low interest rates adversely impact employee comp.

    Recommends
    Neutral Outlook
  8.  

    The Gold Standard

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

    I have been working at Northern Trust full-time

    Pros

    Excellent working environment. Wholesome climate. Corporate culture built on strong ethics and placing the client's best interests first. Excellent professional resources. Top tier clients. Intelligent, hard-working colleagues. Great benefits, lots of vacation time.

    Cons

    Below average salaries, above average work load. Struggles with technology. Bureaucratic.

    Advice to ManagementAdvice

    Improve staffing allocations so that workload is more evenly distributed. Add staff to client facing teams so that relationship managers have time to be more proactive with clients.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    "Overall a decent place to work"

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

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

    Pros

    1) Stability
    2) Learning
    3) Engaging with management.

    Cons

    Nothing much but they dont retain good employee's. No place for aggresive (in good sence) people.

    Advice to ManagementAdvice

    Please help employees to retain to in turn want to help NT. At least to some extent.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Great company to work for!

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

    I have been working at Northern Trust

    Pros

    Great people to work with. Exciting environment.

    Cons

    Hard to move up the ladder.

    Recommends
    Positive Outlook
  11.  

    Wealth Management

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

    I have been working at Northern Trust

    Pros

    - Excellent reputation
    - Top-tier client base
    - Best work/life balance in the industry (at least in Wealth Management)
    - Opportunities to move within firm
    - Everyone is approachable and networking is appreciated
    - Many career related perks - mentors, education assistance, ability to seize opportunities around firm, etc.
    - I personally work on the investment management team and can say almost all of my colleagues are well educated, intelligent, & hard-working

    Cons

    - Can be competitive internally but expected in an investment management environment
    - The firm as a whole can be somewhat slow to adopting new/contemporary methodologies
    - Pay is average in most departments however this can be avoided if you make worthwhile career-moves
    - Pressure to get advanced degrees/certification (may be a negative for some)
    - Firm-wide communication is adequate but can be improved upon

    Advice to ManagementAdvice

    - Efficiently adopt changes, Northern Trust has an industry-leading reputation but needs a slight catch-up in technology, methodologies, etc.
    - Continue to push for better investment performance, this is a must for client retention and further business development

    Recommends
    Positive Outlook
    Approves of CEO

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