Northern Trust Reviews

Updated March 24, 2015
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3.3
589 Reviews
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Northern Trust President, CEO, and Director, Northern Trust Corporation and Northern Trust Company Rick Waddell
Rick Waddell
333 Ratings

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 Pros and Cons

Employee Reviews

Sort: Popular Rating Date
  1. Quality Company

    • 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

    quality work life balance for adults

    Cons

    Slow paced atmosphere with minimal challenge

    Recommends
    Neutral Outlook
  2. 1 person found this helpful

    Client Servicing

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

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

    Pros

    Nobody does client servicing like Northern Trust. This in itself separates Northern Trust from it's competitors.

    Cons

    The partners. Don't get all caught up in the politics and bureaucrats, every company has them.

    Advice to ManagementAdvice

    Continue seeking ways to improve and don't be afraid to reach out to middle management and other employees that are the worker bees. Hearing what's on their mind is important and will provide a glimpse into what you hear on the street.

    Recommends
    Positive Outlook
  3. Very stable work enviroment

    • 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 (more than 10 years)

    Pros

    Some departments have flexible work schedules

    Cons

    The pay is not outstanding

    Advice to ManagementAdvice

    Keep the little guy in mind to

    Recommends
    Positive Outlook
    Approves of CEO
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  5. Great Place to be !

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

    I worked at Northern Trust

    Pros

    Flexi work hours
    good technology learning curve
    great compensation and benefits

    Cons

    Nothing I could think of. None.

    Advice to ManagementAdvice

    none

    Recommends
    Positive Outlook
    Approves of CEO
  6. Decent company with not the best salary

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Northern Trust

    Pros

    Office culture, time-off policies, people

    Cons

    Compensation, technology, leadership, management, promotions

  7. 2 people found this helpful

    Great youthful talent, standard growing pains - Hedge Fund Services

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

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

    Pros

    -Well respected name in industry
    -Good Benefits
    -No micromanaging

    Cons

    -Growing pains, causing a lot of talent to be lost in their role
    -Technology falling behind
    -Senior management does not appear to care if employees feel valued
    -Mostly demanding and thankless clients

    Advice to ManagementAdvice

    Find ways to make employees feel valued and it will go a long way in retaining top talent

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  8. Technical Coordinator

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

    I worked at Northern Trust full-time (more than 5 years)

    Pros

    Good Hours ... Good Learning environment within the back office.

    Cons

    Slow process regarding promotions and compensation.

    Advice to ManagementAdvice

    Rethink compensation for highly value employees. Don't act so shocked when partners move elsewhere.

    Recommends
    Neutral Outlook
  9. 1 person found this helpful

    An experience I will definitely learn from...

    Former Employee - Executive Assistant in Chicago, IL
    Former Employee - Executive Assistant in Chicago, IL

    I worked at Northern Trust

    Pros

    It has a good benefit plan.

    Cons

    Too political, old technology and little growth potential for minorities.

    Advice to ManagementAdvice

    Close the gap and show genuine interest in your employees well being and future.

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
  10. Great place to work

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Northern Trust

    Pros

    Great environment and coworkers, offers a pension plan for employees.

    Cons

    Salary seems lower than others in the industry.

  11. 2 people found this helpful

    Employees Are Not Valued

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

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

    Pros

    There is a pension plan.

    Cons

    Even though 2014 was an excellent year for the company's earnings, most employees didn't get a raise. The only employees who seem to like working for this company are the employees who've worked for Northern Trust their entire careers, and they manage, and are managed, by fear. Everyone else is surviving until they can move on. There's virtually no opportunity for growth, advancement or promotion for most employees, and the hiring practices have gone downmarket to save money. Most new hires are right out of college, or a few years out of college, and not too bright.

    Advice to ManagementAdvice

    How do you expect to reach revenue goals if you don't share your bounty? Where's the motivation?

    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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