Northern Trust

www.northerntrust.com

Northern Trust Reviews

Updated January 29, 2015
Updated January 29, 2015
562 Reviews
3.3
562 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
322 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. 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 (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 (more than 3 years)

    Pros

    Culture, flexibility, promoting from within

    Cons

    Pay, promotion within business unit

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Lack of investment in new hires

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

    I worked at Northern Trust full-time (less than a year)

    Pros

    Nice name on your resume.

    Cons

    It is hard to be successful at a job you were hired to do when the first two weeks on the job there was no training at all. The two days of training they provide is very poor and basic. If you can't get by on those two days, your manager contacts HR and alerts them they hired the wrong person.

    IT does a terrible job granting access to the software programs you need to do your job. It took me a month before I was given a phone number and it took a week to get a email address.

    Advice to ManagementAdvice

    investment more money in training your new hires in operations. Just because they may have experience from another firm, doesn't mean they are experts in the archaic proprietary software you use. It's no wonder why there is so much turn over in the Operations Group and compensate your employees in the back office.

    No opinion of CEO
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  5. 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
  6. 1 person found this helpful  

    Not a bad place to work

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

    I have been working at Northern Trust as a contractor (more than a year)

    Pros

    People are generally friendly .

    Cons

    Like most banks , their IT processes not very well organized, although this would vary by the business unit . There is excessive reliance on onshore foreign resources from companies like TCS, Hexaware and Cognizant.

    Advice to ManagementAdvice

    Alignment between business and IT could be improved. A more structured and better communicated Enterprise Architecture would probably help.

    Recommends
    Negative Outlook
    No opinion of CEO
  7. 2 people found this helpful  

    Many of the very good and supportive managers don't exist anymore.

    • 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

    Family work life balance and training provided.

    Cons

    Too many layers of management and unhappy workers within operations. Even management is unhappy and not great leaders. Many displays of favoritism and limited career growth to utilize education and work experience. Management only take cares of their favorite people and opportunities are not fairly given to each employee.

    Advice to ManagementAdvice

    Please display fairness to all employees regarding promotion and work distribution.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  8. 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 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
  9.  

    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
  10. 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
  11.  

    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 a 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

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