Northern Trust Reviews in Chicago, IL | Glassdoor

Northern Trust Chicago Reviews

Updated February 19, 2017
447 reviews

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Chicago, IL Area

3.5
Star Star Star Star Star
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Northern Trust President, CEO, and Director, Northern Trust Corporation and Northern Trust Company Rick Waddell
Rick Waddell
237 Ratings

447 Employee Reviews

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  1. "A good cultural fit"

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

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

    Pros

    Management is committed to work/life balance with many options from which to choose.
    Growth company expanding globally.

    Cons

    Necessary change is being implemented but as is the tradition at Northern, change comes about slowly and with a conservative approach.

    Advice to Management

    Eliminate roles that are not necessary for the growth of the corporation. To keep expense controlled, eliminate the "nice to have roles".


  2. "Working Enviornment"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Product Manager in Chicago, IL
    Former Employee - Product Manager in Chicago, IL
    Recommends
    Neutral Outlook
    Disapproves of CEO

    I worked at Northern Trust (More than 10 years)

    Pros

    Northern Trust has a deeply rooted culture of integrity and client servicing. Every aspect of work is influenced by this culture. Northern was also known for taking care of its employees and providing generous benefits.

    Cons

    Like many banks based on fees, Northern has come under pressure to produce profits. The home town atmosphere that once prevailed has been slowly eroding has it becomes a global services firm. Benefits have been reduced and cost reducing efforts have come at the expense of replacing long term employees and moving positions to low cost centers

    Advice to Management

    The bank would be well advised to develop strategies that focus on growth and less on relocating positions to save costs.


  3. "Growing pains"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Process Consultant in Chicago, IL
    Current Employee - Business Process Consultant in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Northern Trust full-time (More than 5 years)

    Pros

    Excellent brand name/ reputation
    Conservative/ client service focused culture
    Work life balance

    Cons

    Growing pains due to rapid global growth/ business expansion

    Advice to Management

    Reward and retain high performers (will require more than a competitive merit increase) and bridge the gap between upcoming retirees and millennials.


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  5. "Analyst, IT Projects"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - IT Project Analyst in Chicago, IL
    Current Employee - IT Project Analyst in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great company values and benefits. Bank holidays. Great job opportunities globally. Long tenure with employees. Truly feels like you are a valued employee.

    Cons

    The tenure is a pro and a con, not much of a millennial presence, company has an outdated feel. Hopefully that will be changing in the years to come.


  6. "Nice People"

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

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

    Pros

    Great opprotunities to work in a variety of different departments. Friendly people, predictable workload. Overall great place to work

    Cons

    Takes a while to get a good salary


  7. "Banking Advisor"

    Star Star Star Star Star
    • 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
    Positive Outlook
    Approves of CEO

    I have been working at Northern Trust full-time (More than 5 years)

    Pros

    Great people, work/life balance, flexible, stability, great clients

    Cons

    Pay is below the market but no long hours, great benefits and amazing people


  8. "Too many projects off-shored"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Consultant in Chicago, IL
    Former Contractor - Consultant in Chicago, IL
    Neutral Outlook
    No opinion of CEO

    I worked at Northern Trust as a contractor (Less than a year)

    Pros

    Company is upgrading their client facing systems with newer technology

    Cons

    I was replaced by a 3rd party off-shore project manager for budgeting reasons and my original contract was for 18 months.

    Advice to Management

    Need to ensure more on-site management and development.


  9. "Best Company to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Performance Analyst in Chicago, IL
    Former Employee - Investment Performance Analyst in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    learning, own space, benefits, flexibility

    Cons

    management does not look into exact issues , partial

    Advice to Management

    should give more importance to analyst than team leaders and should look into all aspects before taking any decisions


  10. "Vice President"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Chicago, IL
    Current Employee - Vice President in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Good work-life balance, a lot of internal opportunities for training

    Cons

    Benefits are expensive, budgets are tight and raises were frozen last year


  11. "Highly respected company, with a trouble keeping and incentivizing talent."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President, Procurement in Chicago, IL
    Current Employee - Vice President, Procurement in Chicago, IL
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Northern Trust full-time (More than 5 years)

    Pros

    Highly respected company with a consistent strategy to grow. Opportunities to broaden your career within the company exist.

    Cons

    Priorities can be mixed at times. Company will spend on consultants, but will rarely spend to update the tools employees depend on.



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