Northern Trust Reviews | Glassdoor

Northern Trust Reviews

Updated March 26, 2017
1,183 reviews

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1,183 Employee Reviews

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Pros
  • very nice options for work life balance (in 268 reviews)

  • It is the kind of work environment one would wish for (in 87 reviews)

Cons
More Pros and Cons

  1. "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.


  2. "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.


  3. "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


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


  5. "SVP"

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

    I have been working at Northern Trust full-time

    Pros

    Good working environment, great team atmosphere

    Cons

    Large banking entity with multiple lines of business to serve


  6. "OK"

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

    I have been working at Northern Trust full-time

    Pros

    This is a nice place to work

    Cons

    There are some frustrating things


  7. "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.


  8. "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


  9. "Northern Trust"

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

    I have been working at Northern Trust full-time

    Pros

    Financial strength, industry recognition, client service

    Cons

    Serves niche markets -- opportunities may be limited


  10. "Northern Trust Appreciates Smart-working People"

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

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

    Pros

    NT cares about its people that provide material contributions and solid thought. If you are a thought leader, you will be heard. The culture makes NT great and encourages everyone to be open to working with whomever to get the job done right. NT has won awards this past year and is an exciting place to work.

    Cons

    The down side of any large company is that it is hard to know all sides of the business and how you can learn in order to move up.
    Advancement path is on the employee to carve. Management is willing to help but will keep the status quo even if you are a rockstar.
    The company mentoring program for people other than newly minted grads is flimsy.

    Advice to Management

    Pay should be commensurate with performance and abilities to keep impactors.

    Upper management could be more open about how the rank and file can contribute to the long term vision.


  11. Helpful (2)

    "Vice President"

    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
    Approves of CEO

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

    Pros

    Good benefits and salary. Very flexible work environment.

    Cons

    Disorganized and beaurocratic. No sense of priorities so everything is deemed urgent. Poor staffing model. Rarely recruits for new young talent but relies on mostly offshore model.

    Advice to Management

    Invest in permanent staff. You are going to suffer in the next 10 years as older employees with institutional knowledge and experience begin retiring.



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