Northern Trust Reviews | Glassdoor

Northern Trust Reviews

Updated July 21, 2017
1,268 reviews

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1,268 Employee Reviews

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  1. Helpful (1)

    "Friendly Culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Underwriter in Miami, FL
    Former Employee - Underwriter in Miami, FL
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    One of the best banks to work for and a great time for young professionals as there is a large initiative to help them learn and grow in their careers.

    Cons

    Pay was on the lower end of the market but it was supplemented by great benefits.


  2. "Stable and Steady"

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

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

    Pros

    -Ethical and caring culture
    -Good work-life balance and schedule flexibility
    -Very friendly, supportive, and helpful partners
    -Great accessibility to senior management
    -Ability to explore various areas of the company

    Cons

    -Below market salary
    -Slow to make changes to the business and processes
    -Very conservative
    -Bloated middle management
    -Vague communication regarding changes

  3. "Business Consultant"

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

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

    Pros

    Good people. Smart. Great work/life balance.

    Cons

    Intense Politics. Horrible compensation unless you are in sales.


  4. Helpful (1)

    "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.


  5. Helpful (1)

    "Implementing clients from previous administrators and converting them to Northern Trust."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Implementation/Conversion Consultant, Hedge Fund Services in Chicago, IL
    Current Employee - Implementation/Conversion Consultant, Hedge Fund Services in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Autonomy among workers. Relatively decent starting salary for first job out of college with no industry experience. Overall happy with my job.

    Cons

    Can definitely get boring during pipeline lulls. Lack of initial structured training was frustrating, felt very sink-or-swim. Proprietary software slightly difficult to adjust to.

    Advice to Management

    Perhaps adjust onboarding training for new employees.


  6. Helpful (2)

    "The Grey Lady is dead. RIP"

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

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

    Pros

    Historically was a fine institution under the leadership of Bill Osborne who cared about all Northern partners and had personal compassion for the company .

    Cons

    Cost cutting, lack of support , back stabbing, scorecards, unrealistic sales goals balanced by limited support . Too many layers of managers who were not self thinkers. The culture turned to not having honest dialogue in fear of conflict. Company doesn't care about banking. Fear of losing your job continues today. How sad and expensive.

    Advice to Management

    Become honest with one's self and get back to basic management .


  7. Helpful (4)

    "On the way up"

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

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

    Pros

    Lots of opportunity for younger generation as older employees are retiring; flexible; good benefits; nice colleagues; opportunity to try different things all over bank; interesting work; genuine care for clients and integrity in service which is rare

    Cons

    Financial services generally are very competitive and so lots of politics to navigate, needs stronger experiential training, pay is soft unless you are a very high performer who pushes the issue, technology needs further updating, company is slow to remove problem managers and employees, like any big company you need to seek out resources and be proactive.

    Advice to Management

    Work on grooming and retaining talent, which will cost money but will be a long term investment. Succession planning needs attention to plan for retirements.

  8. Helpful (1)

    "Great job at great company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Analyst Fund Administration in Tempe, AZ
    Current Employee - Senior Analyst Fund Administration in Tempe, AZ
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Super fast growth and opportunity to advance. Great coworkers, interesting work, good location, good benefits, learn a lot, 3 weeks of vacation, better hours than public accounting.

    Cons

    Busy, sometimes monotonous, tech issues sometimes take a while to resolve, sundry problems come up due to the fast growth of the office.


  9. Helpful (2)

    "very bad experience in investment operation resources"

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

    I worked at Northern Trust (More than a year)

    Pros

    very limited knowledge can learn from the work

    Cons

    People in this team are very non-flexible and non-smart. They can only work as predetermined process no matter how time-consuming and low-efficient it is. Some of the working procedures not only increase burden of employees but also make no sense to client, but they would like to stick on it because that is the only way they can do the work. Also, when issues appear, the team leaders always think first of how to rid themselves from responsibilities rather than resolve the problem asap.


  10. "Good place to work"

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

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

    Pros

    solid institution with good values

    Cons

    not an intimate culture and hard to advance

    Advice to Management

    know more about who works for you


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