Northern Trust Reviews

Updated September 2, 2015
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Northern Trust President, CEO, and Director, Northern Trust Corporation and Northern Trust Company Rick Waddell
Rick Waddell
385 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

696 Employee Reviews

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  1. Summer Internship

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

    Pros

    Large encouragement of personal growth Ability to engage with corporate management on a regular basis Focus on learning about the corporation as a whole Phenomenal work life balance - flexible with hours and time off

    Cons

    Compensation is simply not competitive Intern program still could have been structured such that there are more opportunities to learn


  2. Senior Analyst

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

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

    Pros

    The Northern Trust has nice employees. The Northern Trust has excellent benefits for their employees. The Northern Trust Invests in the latest technology.

    Cons

    The IT staff works long hours on the week ends. There is little or no appreciation for the work IT staff does after hours or on week ends. The late hours and week end work is taken for granted.

    Advice to Management

    Management can allow small low to none impact system changes to take place after Banking hours. Vacation and compensation time should be allowed to carry over into the next year.


  3. Portfolio Manager

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

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

    Pros

    Stable company with a respected reputation for trustworthiness and a conservative approach to banking, wealth management, and asset management.

    Cons

    Organization is too slow to react to change. Too many layers of middle management results in a lot of "red tape" and internal politics

    Advice to Management

    Articulate plans for growth and proftiability beyond simply driving organic growth and efficiency by reducing headcount.


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  5. Great Company to work for

    • 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
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Northern Trust full-time (More than 3 years)

    Pros

    Great culture and diversity. A lot of opportunities due to the "generational" turnover.

    Cons

    Needs more new blood/external inflow of workforce. Can sometimes be frustrating for newcomers that the old "regime" is all based on tenure and relationship and not so much accomplishment and expertise.

    Advice to Management

    Steer away from the "always democratic" approach and empower thought leadership.


  6. Transitioning from traditional banking culture to contemporary

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Consultant In Corporate Group in Chicago, IL
    Former Employee - Consultant In Corporate Group in Chicago, IL
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Northern Trust full-time (More than 8 years)

    Pros

    Solid benefits; at-market compensation for support roles; still offer defined benefits (pension); matching 401k if targets met; compensation in revenue generating roles can be outstanding.

    Cons

    Old-school management (tell you how to do it); lack of empowerment / freedom to make choices; hierarchical (rank has its privileges); difficult to challenge the status quo or innovate.

    Advice to Management

    Stop placating to your "friends" if you want the business to change as drastically as you say you want it to. Your devotion to them (still) slows the speed to change. Compensate them and move them out.


  7. Financial Services with Top Notch Culture

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Northern Trust full-time

    Pros

    Northern has long prided itself on its culture. It stands behind the principles of service, expertise, and integrity. Employees and its clients benefit from over 125 years of commitment to these guiding principles. I highly encourage exploring career options at Northern.

    Cons

    Northern tends to be conservative in its business practices and methodical in adapting. This has at times limited Northern from being on the forefront of innovation, but has also protected it from major problems like the 2008 financial crisis.

    Advice to Management

    Great work environment. Don't let the influence of our peer group or wall street influence our commitment to a strong culture.


  8. Analyst

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

    Pros

    Great place to work. Opportunities to advance.

    Cons

    Tends to be a lot of Micro management.


  9. Great culture

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Northern Trust full-time

    Pros

    Great people to work with

    Cons

    Compensation isn't great - not competitive


  10. Helpful (1)

    SVP

    • 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
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Northern Trust full-time (More than 3 years)

    Pros

    Great company and great CEO. Northern Trust is one of the best companies in the Chicago area to work for and Rick Waddell is the best CEO I have ever worked with in my career. I have been at multiple financial companies and this is one company that really operates with integrity.

    Cons

    Once you make it to the SVP level, there really is not much in terms of upward mobility. In comparison to the larger banking companies, there just isn't as much career opportunities past the SVP level due to the size of the company.


  11. Account Manager

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Account Manager in Chicago, IL
    Current Employee - Account Manager in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Solid place to work. Good upward mobility.

    Cons

    Operation limitations hinder client servicing.



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