Northern Trust Reviews | Glassdoor

Northern Trust Reviews

Updated February 24, 2017
391 reviews

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3.0
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Northern Trust President, CEO, and Director, Northern Trust Corporation and Northern Trust Company Rick Waddell
Rick Waddell
156 Ratings

391 Employee Reviews

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Pros
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More Pros and Cons

  1. "Analyst, Transfer Agency"

    Star Star Star Star Star
    • Career Opportunities
    • Comp & Benefits
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Northern Trust full-time

    Pros

    good health benefits, and FMLA, vacations, sick days.

    Cons

    under paid and many positions want you to take other desk loads because the bank is trying to save money left and right as they transition a lot of jobs to India and Arizona.


  2. "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
    Positive Outlook
    Approves of CEO

    I have been working at Northern Trust full-time

    Pros

    Great place to work in terms of the work culture and work-life balance

    Cons

    The company seems to employ more Indians and Chinese than Americans.

    Advice to Management

    Please be more patriotic by giving a work preference to the American people than foreigners.


  3. "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.


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  5. "senior fund accountant"

    Star Star Star Star Star
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    easy going management. fun people

    Cons

    low pay. not very modern.


  6. "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.


  7. Helpful (4)

    "Execs are out of touch, and focused on their self-enrichment"

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

    I have been working at Northern Trust full-time (More than 10 years)

    Pros

    There is a large part of the company that is strongly aligned with truly helping out the client. Great clients and fantastic reputation.

    Cons

    The weakest part of the company are the executives of the company. From the CEO to the most of the business unit heads, they are self absorbed and completely out of touch with what is happening. Unfortunately, this group has been stagnant for too long -- now is focused on "getting the stock price up" -- so that they can even further cash in before they retire. In the meantime, they huddle on the third floor and try to figure out whom to blame for not meeting sales projections or stupid emails praising their own thoughts. ('a approach, or 'my ideas on excellence").

    Advice to Management

    For once, walk outside of the third floor -- and meet the people who actually bring in the revenues for the firm. Also, stop talking about the stock price -- large majority of the company doesn't participate in any equity. So, we know that you're only talking your own book. Also, stop talking about how great our technology is -- it sucks. Face it, it sucks. Now fix it. For years, the execs have cut cap-ex to goose earnings for your own benefit -- and your blaming the workers that you need to invest capital to fix the things that you've under invested in. Lastly, you've also instilled a culture of fear in the organization that those people who "tell the truth" are RIFFed. Yep, the truth.


  8. "Very Boring"

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

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

    Pros

    Stable environment, big corporation feel.

    Cons

    Boring, repetitive work. Old, unexciting workforce. Low pay, very hard to move up due to a variety of factors such as a ridiculous proprietary software that would take decades to master.

    Advice to Management

    Senior management: hire more middle and lower rung managers and give them better tools, so that they can focus on managing and developing the human capital.


  9. "Professional working environment- smart individuals"

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

    I have been working at Northern Trust full-time

    Pros

    Great brand name. High standard

    Cons

    Low salary and not so great benefits


  10. "Relationship Manager"

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

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

    Pros

    Northern is a good place to learn your craft.

    Cons

    Selling is the number one focus and compensation is below market.


  11. "Not a place for equity research"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Analyst in West Palm Beach, FL
    Former Employee - Investment Analyst in West Palm Beach, FL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Northern Trust full-time (More than 5 years)

    Pros

    Good vacation days with nice offices

    Cons

    Below average pay, doesn't value fundamental equities research

    Advice to Management

    Chasing after ETFs during the peak isnt a good idea



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