Northern Trust

  www.northerntrust.com
  www.northerntrust.com
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Northern Trust Reviews

Updated September 18, 2014
Updated September 18, 2014
492 Reviews
3.3
492 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
283 Ratings

Review Highlights

Pros
  • Culture that built a great reputation serving clients well and supports work/life balance (in 100 reviews)

  • Good work culture, people are friendly, and the salary for fresh grads is competitive (in 26 reviews)


Cons
  • Management does not care about your home work life balance (in 9 reviews)

  • management in some divisions punishes employees for voicing concerns to senior management (in 16 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    Great company with incredible potential.

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

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

    Pros

    Potential for growth (Company and Individual), Work-Life balance, Pension, Career Opportunities

    Cons

    Very slow decision making, Mid level management lacking tactics, Salary not in par with the market.

    Advice to ManagementAdvice

    The wheel has been reinvented a bit too many times and stashed away.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Great culture, support, opportunity if you're willing to move

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

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

    Pros

    Culture, flexibility, promoting from within

    Cons

    Pay, promotion within business unit

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Great organization

    • 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 as a contractor for more than a year

    Pros

    Great work life balance,Great people,pension

    Cons

    Not the best salary,slow decision making

    Recommends
    Positive Outlook
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  5.  

    Decent Experience/Great First Career Step

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

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

    Pros

    Northern Trust carries strong reputation among SuperRegional Banks, and has been around for quite some time. As a first career, any entry level position is a step up on your resume. Benefits are great, and salary is manageable.

    Cons

    Salary isn't something that's a strong point here, seems like all entry level positions are atleast 10% under the market norm. Management has too many similar roles paying VP's and Sr VP's to do Consultant/TC roles. The TL position is supposed to carry management duties, however most are overriden by the Team Manager, so role is basically a TC without overtime.

    Advice to ManagementAdvice

    Cut down on management and pay the entry-level partners a better starting salary and maybe turnover wont be as terrible.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Great Culture

    • 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 for more than a year

    Pros

    Pay is competitive, SME skillset, great working environment

    Cons

    promotions seem to be siloed

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Great Place to Work

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Northern Trust

    Pros

    Great people
    Great Pay
    Great City
    Lots of opportunity
    Great fun

    Cons

    No cons that I can think of.

  8.  

    Consultant

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

    I have been working at Northern Trust full-time

    Pros

    good compensation for entry level positions. HR is also very hard working in terms of hiring

    Cons

    long hours and we have to work even holidays

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  9.  

    A very "nice" culture but not very challenging at all. Was bored within two weeks of my experience.

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

    I have been working at Northern Trust as an intern for less than a year

    Pros

    Very nice people. Not many hours on the job. Can work at home very frequently.

    Cons

    Lower salary than competition. Not challenging work. Upward mobility is extremely tough.

    Recommends
    Neutral Outlook
    Approves of CEO
  10. 5 people found this helpful  

    Right place, wrong century.

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

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

    Pros

    Nice people, highly moral organization, great community involvement, people happy to mentor, many long tenured employees.

    Cons

    Two classes of employees, those that have been around 20+ years and everyone else. Non-competitive from a comp standpoint, very average benefits and continuously getting less generous. Been in a cost cutting mode for years, especially in areas like banking and traditional custody business. Very set in its ways, constant movement of senior management means nobody is in a position long enough to be measured or accountable. Log jam of long tenured people in management makes it almost impossible to move up in certain areas of the bank. Many of the employees have given up trying, they simply do the minimum required and the organization seems ok with it. People aren't honest, not because they are liars but because they don't want to hurt feelings or upset anyone.

    Advice to ManagementAdvice

    You can probably turn the risk tolerance up a couple of notches and still be the most conservative bank in the country. HFS is a negative operating leverage loser, you are cutting other profitable areas of the bank to the bone to fund this business and to what end? Pay more attention to the people that are going to be the future of the bank. These people aren't happy and are leaving in bunches.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  11.  

    Could be better but its not

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

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

    Pros

    benefits are good but when you have no money to go places its irrelevant

    Cons

    pay can be much better- better off leaving NT then coming back

    Recommends
    Neutral Outlook
    Approves of CEO

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