Northern Trust Reviews | Glassdoor

Northern Trust Reviews

Updated August 25, 2017
150 reviews

Filter

Filter


2.0
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO

150 Employee Reviews

Sort: PopularRatingDate

Pros
Cons
  • Bad work-life balance in Transfer agency (in 38 reviews)

  • Senior management promotes an opt out culture (in 27 reviews)

More Pros and Cons

  1. "Analyst - Reconciliations"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst
    Former Employee - Analyst
    Doesn't Recommend
    Neutral Outlook

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

    Pros

    Co-workers were helpful, willing to assist

    Cons

    Poor management - redundant processes, reactive instead of proactive

    Advice to Management

    Be fair


  2. "Hedge Fund Services - Production Services Team Lead"

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

    I worked at Northern Trust full-time

    Pros

    Plenty of opportunities to learn and improve the organization. Many processes have not been changed since the firm was still Omnium and had ~20 clients. Management is somewhat malleable.

    Cons

    While management is somewhat malleable they will not provide sufficient support to successfully implement change. You can work yourself virtually to the bone and seemingly get nowhere because there are so many changes that need to be made to scale the company and management does next to nothing to support the middle management down. Further, if you do work hard to push positive change you will become a scape goat within the organization. My team grew by nearly 500% in headcount and added several functional areas of responsibility over nearly four years. We developed automated solutions to real business problems with no technical support or proper tooling. We worked to mitigate risks associated with poor business practices in Quality Control specifically although we were constantly overruled by business units to their own detriment and subsequently bailed them out assisting in emergency break fix efforts. Yet through all the time, effort, and added stress I consistently barely beat inflation with my salary increases, my bonuses never met the advertised 15 percent, and I never received a title promotion. I`

    Advice to Management

    If you don't show appreciation to the talented people on the ground floor who hold the band-aids and bubble gum that is your platform together they will continue to leave.

  3. Helpful (3)

    "Training is Not a Priority"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Account Relationship Associate in Chicago, IL
    Former Employee - Account Relationship Associate in Chicago, IL
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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

    Pros

    Benefits are great
    -Good salary
    -3 weeks vacation
    -6% 401(k) matching
    Non-management employees are nice

    Cons

    -Management is out of touch
    -Manager told me "I don't like training"
    -You're scrutinized for asking questions
    -Teamwork is discouraged

    Advice to Management

    When someone asks a question, have the decency to turn around and face them.
    Don't talk poorly about employees to other employees.
    Don't take your personal problems out on employees.
    Don't play favorites.


  4. Helpful (1)

    "more bureaucratic than I am accustomed to"

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

    I have been working at Northern Trust full-time

    Pros

    great history and reputation. Lots of longevity at firm. Comp is at the very low end of teh market.

    Cons

    People afraid of taking risk or speaking out when it could be so helpful. Too many processes that are designed to justify the existence of people/budget. Feels at times you work for the US gov't because of the bureaucracy.

    Advice to Management

    There needs to be more collaboration between management and their team. The culture is very top down. It might be difficult to hear but your partners in the trenches will tell you where you are going wrong if they feel the input is welcome.


  5. "A bit behind the times"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Stable company. They value a diverse workforce, and working there gets you into all the Chicago museums for free.

    Cons

    Old technology. Slow-moving and not dynamic environment. Very conservative.


  6. "Associate Fund Accountant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Approves of CEO

    I worked at Northern Trust full-time

    Pros

    The work is consistent and the people are great. Everyone is very friendly and always more than willing to help if you have any questions.

    Cons

    The training program was not very effective for the job itself.


  7. Helpful (2)

    "Senior Consultant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Consultant in Chicago, IL
    Former Employee - Senior Consultant in Chicago, IL
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

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

    Pros

    Work Life balance is great.

    Cons

    Company is top heavy. Management don't really care about partners opinions even though they call us partners. Every decision is made solely based for shareholder value. So when revenue is difficult to grow, cost cutting became main source of driving profit.

    Advice to Management

    In order to retain or attract the best talent, a company needs to invest in its employees. Stop advertising false incentive target. A target means nothing when only small percentage of the target being met each year. Cut loose some of the non-productive employee and reward the ones that are truly contributing. Encourage more internal movement. Stop rewarding external hires more than internal hires. Loyalty means something.

  8. "IOO Analyst"

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

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

    Pros

    Comfortable work life balance, slow pace

    Cons

    Almost everything:

    No visible career path
    Pay is laughable - compare to industry
    Office location abysmal
    Culture is poor - nobody looks/speaks to eachother
    Aged feel in the office - low energy
    Boring


  9. "Intern"

    StarStarStarStarStar
    Former Intern - Anonymous Intern
    Former Intern - Anonymous Intern

    I worked at Northern Trust as an intern

    Pros

    they are known company in chicago

    Cons

    -lack of innovation
    -too old school
    - doesn't pay great

    Advice to Management

    innovate


  10. Helpful (4)

    "Awful"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Account Manager in Tempe, AZ
    Current Employee - Account Manager in Tempe, AZ
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Flexible schedule, managers don't seem to micro manage. Not too many other pros, lots of cons. Keep looking to find something better

    Cons

    No training, horrible culture, everyone out for themselves and will throw you under the bus anytime they can. Processes are so manual there is room for lots of errors. Absolutely no positive reinforcement.

    Advice to Management

    Training. There is none of it!


Showing 150 of 1,401 reviews
Reset Filters