Northern Trust Reviews

Updated July 30, 2015
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3.4
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Northern Trust President, CEO, and Director, Northern Trust Corporation and Northern Trust Company Rick Waddell
Rick Waddell
375 Ratings

Pros
  • Many roles offer great work life balance (in 120 reviews)

  • The work environment Is very light, despite demanding clients (in 32 reviews)

Cons
  • Management does not care about your home work life balance (in 12 reviews)

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

More Pros and Cons

671 Employee Reviews

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  1. Many Opportunities

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

    I have been working at Northern Trust full-time (More than 10 years)

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    -Opportunities abound if you are willing to work for them. -Senior management very approachable -Work/Life balance is likely better than most Asset Managers

    Cons

    -Employee turnover higher given management rarely ever competes to retain talent -Legacy employees who have performed at a below average/average level are never put on a performance plan or released.

    Advice to Management

    -Don't be afraid to take more risks. -Start releasing the bottom 5-10% of performers each year


  2. Best place to work at!

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

    I have been working at Northern Trust

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great career development for all employees that want to progress

    Cons

    None at this time, company is great!

    Advice to Management

    Keep moving forward, maybe at a faster pace.


  3. Great place to work for

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

    I have been working at Northern Trust

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    This is one of the best companies in the Chicagoland area to work for.

    Cons

    Sometimes it can feel like work/life balance is not at all there. But it all depends on what you are working on. Also almost all companies have these ups and downs with respect to the workload. So not really a con, but just happens more often.

    Advice to Management

    Make sure the company level priorities are communicated very well, and also ensure that the teams are empowered to do their tasks that help accomplish those big things.


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  5. Support associate

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

    I have been working at Northern Trust

    Recommends
    Negative Outlook
    No opinion of CEO
    Recommends
    Negative Outlook
    No opinion of CEO

    Pros

    Northern's reputation in financial industry, family oriented, great benefits

    Cons

    Too much management that has never done the jobs they may now be overseeing, not enough opportunity for bonus' for support staff who are A player's instead of to those they support

    Advice to Management

    Recognize and compensate employees accordingly that know and do their job well, which they are the ones making management look good, too often promotions and compensations go to undeserving employees


  6. Consultant - Risk Management

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

    I worked at Northern Trust (More than 3 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great Organization to work for - Caring and Employee Friendly

    Cons

    Non - Great organization to work for


  7. Northern Trust has great work / life balance

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

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

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Great corporate culture - very friendly and professional. Great work / life balance. Expect to work 40 hours a week and take all of your vacation days. Lot's of opportunities to move internally within the company.

    Cons

    Very conservative, slow moving company.


  8. Good outlook

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

    I have been working at Northern Trust full-time

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Growing HFS business provides a secure future

    Cons

    To meet the demands of newly acquired clients, hours can be difficult


  9. Private Banker

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

    I have been working at Northern Trust full-time

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Nice culture, ethical, people try to do the right thing

    Cons

    Horrible technology, lots of lazy back office employees, complacency

    Advice to Management

    Mix up the management team - get people from other companies


  10. No Place for Type A

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

    I have been working at Northern Trust full-time (More than 10 years)

    Neutral Outlook
    Disapproves of CEO
    Neutral Outlook
    Disapproves of CEO

    Pros

    Most employees have a genuine desire to do the right thing for clients. There is a perceived sense of work life balance.

    Cons

    Compensation and lack of individual recognition are ongoing major issues. Pay is poor by industry standards and given typical levels of experience, responsibilities and work load. Senior management's focus appears to be on themselves and shareholders, in that order.

    Advice to Management

    Continuous reductions in line pay and benefits for many years while executive compensation skyrockets.


  11. Great career start but underpaid

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

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Very welcoming employees that are open to helping you advance your career. Easy (in relative terms) to engage executives and network within the firm. Awesome work/life balance and generous PTO.

    Cons

    Very underpaid for the amount of work we're required to do. Associates in similar roles at competing firms within Chicago make significantly more. Things can move slower than you'd hope and promises of mid-year compensation adjustments often go unfulfilled

    Advice to Management

    Spending too much time focusing on cost control and less on sales efforts.



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