Northern Trust Reviews

Updated February 7, 2016
831 reviews filtered by
  • Any Location
  • Any Job Title
  • Full-time
  • Part-time
3.4
Star Star Star Star Star
Rating Trends 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
441 Ratings

Pros
Cons
  • Work life balance can be a challenge (in 25 reviews)

  • The organization claims to value the employee population but senior management actions are not supportive of the words (in 24 reviews)

More Pros and Cons

831 Employee Reviews

Sort: Popular Rating Date
  1. "Senior Client Service Analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Negative Outlook
    Approves of CEO

    Pros

    Stable company, good training with good work/life balance

    Cons

    High turnover, no real potential for high earnings.


  2. Helpful (1)

    "Private Banking Assisant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Private Banking Assistant in Denver, CO
    Former Employee - Private Banking Assistant in Denver, CO
    Recommends
    Positive Outlook

    I worked at Northern Trust (More than 5 years)

    Pros

    Strong work ethics, good working environment

    Cons

    Not willing to train to promote within the company


  3. "Good place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Great work life balance and Flexibility

    Cons

    Poor learning at work, Average work force


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. "Solid job right out of college"

    Star Star Star Star Star
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Very team orientated and everyone is nice.

    Cons

    Growth is slow in corporate ladder structure


  6. "Divisional Associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Divisional Associate/Administrative Assistant in Norwalk, CT
    Former Employee - Divisional Associate/Administrative Assistant in Norwalk, CT
    Recommends

    I worked at Northern Trust (More than 3 years)

    Pros

    Great people! Nice clients and interesting work.

    Cons

    Salary raises for non-management positions have not been forthcoming.


  7. Helpful (2)

    "Let them eat cake!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President & Financial Advisor
    Current Employee - Vice President & Financial Advisor
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Focus on the client is the mantra. Service and the team spirit in achieving client satisfaction are paramount. A consensus, collaborative style in problem-solving. Tremendous resources devoted to brand management and the paternalistic cultural ethos.

    Cons

    Adherence to a prudent, consensus management style keeps this Chicago trust company on the safe road --- and they prefer it that way. Expenses that exceed forecast are considered particularly abhorrent, and senior management doesn't hesitate to freeze pay or headcount to stay on track. The executive office has a tin ear for the effect this has on morale. In general, their communications betray a lack of understanding for how the "work gets done." Only recently has some serious funding been lent to the obviously crumbling technology infrastructure.

    Advice to Management

    Spend a fraction less on stock buybacks and use those funds to pay raises to the lower ranks of the company. We are bleeding younger talent while a vast, stagnant pool of older workers is biding time. If equity participation in Northern's success is important, then pay profit sharing bonuses in stock. Get creative with compensation and pay up for higher performers and new hires. Recruit outside of the state. If we truly compete with Goldman for clients, then we should also be competing for their talent at the university level. Continued pay at the median gets the expected result.


  8. Helpful (1)

    "Unpaid & overworked. Elitist,out of touch management"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Generally nice people but some arrogant sobs, just like any other financial services co. Most areas are flexible with work-life issues.

    Cons

    Pay & total compensation woefully low vs competitors. Ineffective leadership/management. Wasteful spending on non-productive projects to stroke management egos. Management brags about corporate giving to charities and pushes for employee engagement. Yet they continue making millions while effectively cutting employee pay while ramping up the workload and don't mention anything about what they are giving up. Elitist and out of touch!

    Advice to Management

    Employee morale is extremely poor. You pay yourselves plenty! PAY your employees more; otherwise that revolving door speeds up and your reputation suffers. And stop indulging your egos in poorly conceived projects that have no use except to make yourselves look good or appear that you are actually accomplishing something when you often are just spinning your wheels.


  9. Helpful (1)

    "I would not reccomend"

    Star Star Star Star Star
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    big company has great beenfits

    Cons

    everything is miserable about this firm


  10. "Good life balance, little upward mobility"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Very good balance between work life and home life

    Cons

    Not much opportunity for advancement unless in Chicago, watch out for promises on comp


  11. Helpful (1)

    "Sr. Operations Specialist"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in West Palm Beach, FL
    Former Employee - Anonymous Employee in West Palm Beach, FL
    Recommends
    Neutral Outlook

    I worked at Northern Trust full-time (More than 3 years)

    Pros

    Beautiful Downtown West Palm Beach View of the intercostal waterway and the ocean. Pay was fair and bonuses were in line with Performance. Promotions and movement were very common, which showed that they were interested in growing people's careers.

    Cons

    Poorly run from a management perspective. No direction, lacked culture.

    Advice to Management

    They were already trying to improve culture and team work amongst groups. I am sure they have improved over the years.



Showing 831 of 880 reviews
Reset Filters
RSS Feed </> Embed