Northern Trust

www.northerntrust.com
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Northern Trust Reviews

Updated March 4, 2015
Updated March 4, 2015
579 Reviews
3.3
579 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Northern Trust President, CEO, and Director, Northern Trust Corporation and Northern Trust Company Rick Waddell
Rick Waddell
328 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

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  1.  

    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

  2. 1 person found this helpful  

    Good client-focused company.

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

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

    Pros

    Fair, good benefits. Consistent company to work for.

    Cons

    Limited opportunities/job challenges. Over- utilizing some and not utilizing others.

    Doesn't Recommend
    Neutral Outlook
  3.  

    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.

  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    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
  6.  

    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
  7.  

    Account Manager

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

    I have been working at Northern Trust

    Pros

    Stable company if you're looking for job security. There are a lot of great connections and great people. Work from flexibility depending upon the job.

    Cons

    Pay is not competitive and a lot of minorities are overlooked for jobs and promotions. You have to note what you are doing so that you are recognized for your hard work.

    Recommends
    Negative Outlook
    Approves of CEO
  8.  

    Plenty of growth opportunities from a thought leadership perspective and the ability to work with solid industry experts

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

    I have been working at Northern Trust

    Pros

    Flexible work environment, benefits, reputable organization.

    Cons

    Worklife balance, lack of trust among management, low annual raises, lack of minority diversification in senior level positions. Employee talent is not always utilized in occupied position. Not all managers should be in management.

    Advice to ManagementAdvice

    Refrain from institutionalizing a company founded on core principles of building relationships for the sake of competing with larger firms.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9. 1 person found this helpful  

    Not what it used to be

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

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

    Pros

    Work/life balance is a solid positive. Management at the line is talented and generally supportive of employees.

    Cons

    The organization claims to value the employee population but senior management actions are not supportive of the words. Workforce is too lean for demand and with multiple cuts over the past few years, the load has only increased. Many employees are either riding out their time to retirement or have generally lost their commitment to the organization.
    Finally, there is not a consistent vision from the top to the bottom. The vision and action plans do not filter completely through to the delivery teams.

    Advice to ManagementAdvice

    Truly value the knowledge and commitment which has taken decades to build. Bringing in "fresh blood" will get you some new ideas, but at the risk leaving gaps at the bottom.

    The reason this used to be a top organization to work for was because of the synergy across the board from top to bottom. Now there is a complete divide.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  10.  

    Fair

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

    I worked at Northern Trust

    Pros

    If you worked hard, it was recognized and rewarded.

    Cons

    Compensation was lower than average. It was normal for employees to quit Northern and come back years later to obtain a higher salary.

    Advice to ManagementAdvice

    Upper mgmt needs to bring in employees from all levels before implementing huge changes. I felt like many decisions were made with little to no research on how our area would be affected by the change.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  11.  

    Ethnic Insensitivity is Accepted

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

    I have been working at Northern Trust

    Pros

    Good work/life balance. Many wonderful people. Solid company that could do better. The envy of its peers. Good benefits.

    Cons

    Old school managers use their longstanding relationships to protect themselves from abusive practices. Fearful of their position, they avoid change at all cost, at the expense of the organization's success.

    Advice to ManagementAdvice

    Train longstanding employees to accept diversity as an asset.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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