Northern Trust Reviews | Glassdoor

Northern Trust Reviews

Updated April 24, 2017
1,208 reviews

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1,208 Employee Reviews

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Pros
Cons
  • Bad work-life balance in Transfer agency (in 34 reviews)

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

More Pros and Cons

  1. "A good company to get great experience from"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Miami, FL
    Current Employee - Anonymous Employee in Miami, FL

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

    Pros

    Good work life balance, good people and comfortable work environment

    Cons

    Salaries are not on the high end, the bank can seek cheap on other employee perks and bonuses

    Advice to Management

    Reward loyal employees that have experience. Keep working on your succession plan, the future for younger employees is tough to move up


  2. "Senior Consultant"

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

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

    Pros

    Great company with lots of growth potential!

    Cons

    None found at this time!


  3. "Manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Atlanta, GA
    Former Employee - Anonymous Employee in Atlanta, GA
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Great Culture and stable environment

    Cons

    Lower end of pay scale


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  5. Helpful (1)

    "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.


  6. "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


  7. "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


  8. Helpful (6)

    "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.


  9. "Good Place to Start"

    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
    No opinion of CEO

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

    Pros

    Lots to learn about business

    Cons

    Lower than market rate compensation and teams tend to be isolated

    Advice to Management

    Focus on technology and improve the bottlenecks


  10. "Northern Trust Institutional Fund Accounting"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst, Institutional Fund Accounting in Chicago, IL
    Former Employee - Analyst, Institutional Fund Accounting in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Basically none. I will say that on an analyst level, many coworkers are friendly, nice people. The team that manages the dow account actually is made up of some smart, good guys.

    Cons

    This review is specific to the institutional fund accounting team, I can't speak for the rest of Northern. There is absolutely no reason to accept a role with that team. Management is a Dilbert level of incompetent, the office actually functions better when they are not there. There is no room for career advancement. Pay is bad compared to the industry. The hours are terrible, it's not unusual for all the analysts to still be in the office past 9 PM. The job teaches no transferable skills. Everyone is trying to leave. Turnover in six months was above 50%. Upper level management is working on automating most of the department. Management does a terrible job communicating, I remember a coworker who had been there almost two years getting yelled at for approaching the bosses cubicle without sending an instant message first, and that's just the tip of the iceberg. Things just get worse.

    Advice to Management

    There are so many things. The best I can say is attend some management training courses because the level of unprofessionalism and incompetence reflects poorly on Northern as a whole.


  11. "Application Support"

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

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

    Pros

    Very good work-life balance, remote work is welcome. Interesting work, great people to work with. Great benefits and compensation.

    Cons

    Department leaders can be very demanding with expectations extremely high.

    Advice to Management

    Provide more opportunities to retain employees by helping to find where they could fit into other areas of the organiztion.


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