Northern Trust

  www.northerntrust.com
  www.northerntrust.com

Northern Trust Reviews

Updated 22 October 2014
Updated 22 October 2014
513 Reviews
3.3
513 Reviews
Rating Trends

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

Review Highlights

Pros
  • Culture that built a great reputation serving clients well and supports work/life balance (in 115 reviews)

  • The work environment Is very light, despite demanding clients (in 29 reviews)


Cons
  • Lack of effective work-life balance despite the fact that Northern says they promote the issue (in 10 reviews)

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

More Highlights

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)

    Pros

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

    Cons

    Desicion making can be hierarchical, low salary

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  2.  

    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)

    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 ManagementAdvice

    Improve competence and reduce bureaucracy

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  3.  

    Review of NT Middle Office operations

    • 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 an year)

    Pros

    There is a good work and family life balance

    Cons

    No potential for growth, people feel stagnated

    Advice to ManagementAdvice

    Senior Management need to look into why there is such a big turnover in staffing

    Neutral Outlook
    Approves of CEO
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  5.  

    Exchange Traded Funds 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 part-time (less than an year)

    Pros

    Great people, great atmosphere, great teamwork, mutual feedback

    Cons

    Sticklers on time, strict dress code

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Friendly, supportive, flexible workplace, but a behemoth to try to change if your job calls for being a change agent

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

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

    Pros

    Great benefits and flex work arrangements offset by lower salaries for majority of staff. Numerous benefits and accommodations for working mothers. Respectful and supportive attitudes towards alternative lifestyles and minorities. Staff is mostly helpful and friendly, collegial atmosphere prevails, information sharing is much better than typical of the East Coast firms. The teamwork and we-are-in-it-together attitude varies by business area, depending on management. Offers lots of great training programs.

    Cons

    The culture can be insular and entrenched in the old ways of doing things from mid-level management down. "We've been around for 120+ years, and did well for ourselves, thank you very much. We've always done it this way, so why would we do it any differently?" is the prevailing attitude. Even if Executive leadership is open to change, it does not trickle down to the masses. They do bring outsiders in supposedly for their industry experience, but then tend to disregard their previous experience...

    Some dead weight still remains, although they've been trying to clean house since '08 recession.

    Advice to ManagementAdvice

    Accountability. Make example of people who fall short of expectations.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  7.  

    Not too many layoffs.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Private Banker in Chicago, IL (US)
    Current Employee - Private Banker in Chicago, IL (US)

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

    Pros

    Old school values, very conservative (in a good way), sensitive to personal issues, family issues.

    Cons

    There is never any money for training, travel or conferences. The consequence is that employees are not up-to-speed on latest trends, technologies, competition, etc. except for what they personally learn.

    Advice to ManagementAdvice

    Invest in training your employees.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Overall a great company to work for!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Operations Analyst in Chicago, IL (US)
    Current Employee - Operations Analyst in Chicago, IL (US)

    I have been working at Northern Trust full-time (more than 3 years)

    Pros

    The benefits are pretty good. Opportunities to grow if you really want it. They offer a lot of cross-training and encourage employees to move around to other positions to grow. Work/life balance is good.

    Cons

    Need to stop outsourcing. Some days you feel like your department will be up and gone in no time.

    Recommends
    Neutral Outlook
    Approves of CEO
  9.  

    My first job and made me feel as best job

    • Comp & Benefits
    • Work/Life Balance
    • Culture & Values
    Former Employee - Senior Analyst in Bangalore (India)
    Former Employee - Senior Analyst in Bangalore (India)

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

    Pros

    Amazing working environment, so much fun with so much learning.
    They recognise the talent n efforts of partner by giving awards with monetary benifits.

    Cons

    Few managers are very biased.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Kind of boring considering the amount of money being processed.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Consultant in London, England (UK)
    Former Employee - Consultant in London, England (UK)

    I worked at Northern Trust full-time (more than 8 years)

    Pros

    Conservative and safe company to work for.

    Cons

    Northern Trust is not very innovative. Most of the middle management prevent ideas from going higher.

    Advice to ManagementAdvice

    Embrace new technology instead of waiting for other to test it first. Pay and benefits are middle of the road. Could be improved.

    Recommends
    Positive Outlook
    No opinion of CEO
  11.  

    Good place to start career for UGs

    • 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 (more than an year)

    Pros

    Get to work on good processes
    Good people
    Good leave policies
    Good Work environment

    Cons

    Not a place for PG freshers
    Work experience is not directly related to promotions

    Advice to ManagementAdvice

    NA

    Recommends
    Positive Outlook
    Approves of CEO

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