Northern Trust Reviews

Updated 22 April 2015
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3.3
605 Reviews
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Northern Trust President, CEO, and Director, Northern Trust Corporation and Northern Trust Company Rick Waddell
Rick Waddell
340 Ratings

Pros
  • Great place to work & great work life balance; especially during the tax season (in 120 reviews)

  • Decent work -life balance, good work environment and a good salary for a start (in 32 reviews)

Cons
  • Lack of effective work-life balance despite the fact that Northern says they promote the issue (in 12 reviews)

  • management in some divisions punishes employees for voicing concerns to senior management (in 18 reviews)

More Pros and Cons

Employee Reviews

Sort: Popular Rating Date
  1. Ok can be better

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

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

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    Pros

    Global mobility, flexible working conditions, benefits such as health cover and pension

    Cons

    Desicion making can be hierarchical, low salary

  2. Northern Trust Melbourne

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Investment Consultant in Melbourne
    Current Employee - Investment Consultant in Melbourne

    I have been working at Northern Trust full-time

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Stable career to do similar daily workflow
    Large US brand
    Friendly working culture

    Cons

    US-centric, not willing to invest/build local talents
    Over-reliant on offshore support team who delivers poor quality. Management only focus on cost-saving, not quality delivery.
    No career progression.
    Inflexible system with offshore IT follow-up provide limited focus.
    Conflict of interest between departments to protect self-interest instead of client interest.
    Culture of no rewards for additional client wins.
    Inconsistent local firm policies as opposed to firm's global policies while managers make changes outside the handbook at their discretion.
    Unnecessary bureaucracy that increase complexity within the organisational structure creating multiple level of free-loaders.
    Incompetent management team with no appreciation of professional skills. They hire over-qualified people to do monkey work at peanut pay.
    Business revenue often under-quote to win business for sale's team purpose while bottom-line often in the red at the expense of the firm and thus staff's compensation.
    Innovative ideas gets shut-down therefore using out-dated systems and process workflow.
    Fancy external hire and next to no chance for internal promotions.

    Advice to Management

    Remove bureaucracy and hire competent people.

  3. Stable with no career progression

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Consultant in Melbourne
    Former Employee - Consultant in Melbourne

    I worked at Northern Trust full-time (More than 3 years)

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    Pros

    Stable career doing similar work day-in and day-out
    Recognized global brand
    Some support for academic studies

    Cons

    Lack of career progression
    Incompetent local management outside US
    Lack of support from Bangalore in Middle Office despite years of effort to embrace their failures to improve
    Inconsistent process and procedures, very people-driven
    Poor communication between departments with large clear responsibilities gap
    Disproportionate benefits

    Advice to Management

    Improve competence and reduce bureaucracy

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  5. Helpful (1)

    Stress-free work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Consultant in Bangalore (India)
    Current Employee - Consultant in Bangalore (India)

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

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Well balanced and stress free work. High exposure and no restrictions to what you want to learn

    Cons

    Compensation is not competitive. Not the most challenging job for a data analyst.

    Advice to Management

    Better compensation

  6. good

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Analyst in Bangalore (India)
    Current Employee - Analyst in Bangalore (India)

    I have been working at Northern Trust

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    awesome experience. great encouragement from seniors.

    Cons

    shift timings and salary is very less.

    Advice to Management

    conduct the interview process in very fast.

  7. Operations Analyst

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

    I worked at Northern Trust full-time

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Excellent work culture with very friendly people. Prospering business.

    Cons

    Job security seems to be slightly too high, so some poeple don't "pull their weight"

  8. Intern

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

    I worked at Northern Trust

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great resources, very welcoming management

    Cons

    Wish there were more educational programs

  9. Investment Representative

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

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

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    great people, great benefits And excellent ongoing education

    Cons

    slow to change and not a sales environment

    Advice to Management

    embrace change quicker

  10. Great company, but not for millenials.

    Current Intern - Anonymous Intern
    Current Intern - Anonymous Intern

    I have been working at Northern Trust as an intern

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    Pros

    People who work for Northern are truly hard-working and caring individuals. The pay is great as well.

    Cons

    Not a lot of 'young' people. Typical corporate office layout. Too many internal database systems that do not share same data. And a lot of teams seem as though they could be absorbed into other teams.

  11. Team meber in Onsite

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Technical Lead in Chicago, IL (US)
    Former Employee - Technical Lead in Chicago, IL (US)

    I worked at Northern Trust (More than 3 years)

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    It was Onsite with good environment.

    Cons

    There were no clearance on requirements.

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