Northern Trust

  www.northerntrust.com
  www.northerntrust.com

Northern Trust Reviews

Updated December 11, 2014
Updated December 11, 2014
527 Reviews
3.4
527 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
304 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

Sort: Popular Rating Date
  1. 4 people found this helpful  

    I was hired to do a specific job, but when I refused to compromise on the principles I was told to uphold, I was demoted

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Head of A Major Division in Chicago, IL
    Former Employee - Head of A Major Division in Chicago, IL

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

    Pros

    Benefits are well above average.

    Cons

    There are two tribes at this company. The Brotherhood is the power tribe. Very WASPY. Everyone else belongs to the underclass, and is treated accordingly.

    Advice to ManagementAdvice

    Because of the culture of "in tribe" vs. "out tribe" there is no path to the top echelons for regular people. The political atmosphere is toxic, and taking a principled stand that goes against the belief system of the Brotherhood is career suicide.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2.  

    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 (more than an year)

    Pros

    Pay is competitive, SME skillset, great working environment

    Cons

    promotions seem to be siloed

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    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.

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  5. 1 person found this helpful  

    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 (less than an 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
  6.  

    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
  7. 7 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 (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
  8. 1 person found this helpful  

    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 (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
  9.  

    It decent. The people were great, however the work itself was pretty boring.

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

    I worked at Northern Trust as an intern (less than an year)

    Pros

    Good people
    Good work-life balance
    Very flexible hours. This depends on what division within Northern Trust you work for. However, for the most part, they are flexible

    Cons

    Pay was low compared to interns at similar companies
    People didn't show that much interest in what they did. They seemed to view their work as just work rather than something of interest.

    Advice to ManagementAdvice

    none

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  10. 3 people found this helpful  

    Frustrating

    • 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 full-time (more than 5 years)

    Pros

    Stability, Opportunity for some, time-off for some

    Cons

    Company rewards the wrong people in my experience, management, pay, poor training

    Advice to ManagementAdvice

    Train managers and have less of them

    Recommends
    Neutral Outlook
    No opinion of CEO
  11. 1 person found this helpful  

    Stable and Neutral.

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

    I have been working at Northern Trust full-time (more than an year)

    Pros

    Culture, Work-Life Balance, Intelligent Colleague. Always opportunities. Great if you are more seasoned in your career and have family responsibilities. Stable.

    Cons

    Compensation. It's common knowledge that Northern pays ~20% below market rate when it comes to salary (No matter what the position). HR will pitch "work life balance" and "culture", which is all well and good; but if you are young, motivated, and looking to earn a wage commensurate with your work product, Northern is not the place. On more than 1 occasion I have had well respected managers advise that "You are better off working here for a year/two, leave to make your money elsewhere and then come back". That certainly is discouraging when overall it is a great place to work.

    Advice to ManagementAdvice

    If management expects to remain competitive and retain top talent, they better open up their pocket book, bringing the average salary AT A MINIMUM TO MARKET VALUE. It doesn't have to be extreme or gaudy, just a competitive wage relative to the rest of the major competitors in our market.

    Recommends
    Neutral Outlook
    Approves of CEO

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