Northern Trust - Solid but not great place to begin a career | Glassdoor
There are newer employer reviews for Northern Trust
There are newer employer reviews for Northern Trust

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Helpful (1)

"Solid but not great place to begin a career"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Anonymous Employee in Chicago, IL
Current Employee - Anonymous Employee in Chicago, IL
Recommends
Neutral Outlook
Approves of CEO

I have been working at Northern Trust full-time (More than a year)

Pros

Since it's a big company there are lots of internal opportunities. Networking is great and encouraged; most people in higher positions are willing to speak with you. Great benefits and they treat employees very well.

Cons

Super conservative, all respects (thinking, investing and salaries). They rarely fire anyone, people stay in the same position for 20 years. Very low employee motivation. Raises and promotions can be very political.

Advice to Management

Make the better decisions quicker

Other Employee Reviews for Northern Trust

  1. "Strong corporate culture, team approach to client service."

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Northern Trust full-time

    Pros

    Because major mergers and acquisitions have not been done, corporate culture is strong and employee turnover is low.

    Significant expertise in providing solutions to clients.

    Cons

    Sometimes new initiatives are not thought through or communicated properly before rolling out. Management could do better at this.

    Advice to Management

    Try to communicate more to groups that will be experiencing the change.


  2. Helpful (2)

    "Not a challenging environment"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Portfolio Accounting Analyst in Chicago, IL
    Current Employee - Portfolio Accounting Analyst in Chicago, IL
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    You have a LOT of flexibility. Great for family man/woman. Getting fired is near impossible.

    Cons

    Pay is terrible. Moving up within your department is difficult. They don't get rid of under performing employees. The "training" they offer is a waste of time. I couldn't believe I was paid to train for a month and when I was finally assigned to my team, I was told by everyone on the team to forget what I learned. Northern prides its self in being conservative, but I believe there is a difference between being conservative and being old fashioned. They need to get with the times. I'll finish by saying again that their pay is terrible which is why they can't retain any talent.

    Advice to Management

    Offer better pay incentives. You need to challenge employees more, they are craving it, and with it compensation in return. Ask yourself what kind of culture are you breeding? You pay below the industry standard, you let good talent leave, and don't set the bar very high for those that remain. Looking for a job can be daunting especially if you have a family, but quite the opposite when jobs find you. We live in a time where social media and the internet is making it easier for headhunters and recruiters to find talent within companies

There are newer employer reviews for Northern Trust
There are newer employer reviews for Northern Trust

See Most Recent

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