Northern Trust Reviews

Updated 28 August, 2014
Updated 28 August, 2014
527 Reviews

3.3
527 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Northern Trust President, CEO, and Director, Northern Trust Corporation and Northern Trust Company Rick Waddell
Rick Waddell
296 Ratings

Review Highlights

Pros
  • Culture that built a great reputation serving clients well and supports work/life balance (in 100 reviews)

  • Good work culture, people are friendly, and the salary for fresh grads is competitive (in 26 reviews)


Cons
  • Management does not care about your home work life balance (in 9 reviews)

  • management in some divisions punishes employees for voicing concerns to senior management (in 16 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1. 2 people found this helpful  

    Toxic Office Environment - Steer clear!! Toronto office

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

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

    Pros

    Good benefits
    10% pre-tax company contribution to RRSP

    Cons

    Dysfunctional management
    Office morale is very low
    Very low (if any) raises and bonuses
    Company continues to move work to India, cutting jobs elsewhere and dumping more work on remaining employees.

    Advice to ManagementAdvice

    Stop hiding in your offices and actually ask your employees what is good/bad, how to improve things, etc.

    Doesn't Recommend
    Disapproves of CEO
  2. 2 people found this helpful  

    Good benefits but management is dysfunctional

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

    I have been working at Northern Trust full-time for more than 8 years

    Pros

    Great overall benefits - 10% company contribution to the RRSP with no employee contribution required

    Cons

    Small office so very little chance for career advancement
    Raises and bonuses are pathetic (2013 there is no raise at all)
    Management communication is non existent
    Losing more clients than gaining
    Office morale is horrible

    Advice to ManagementAdvice

    Give employees a raise to at least match the cost of living increase.
    Bonuses are a joke - Make it worthwhile to show that employees are valued
    Communicate openly with the office on what is going on with the business

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3.  

    Great organization

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

    I have been working at Northern Trust as a contractor for more than a year

    Pros

    Great work life balance,Great people,pension

    Cons

    Not the best salary,slow decision making

    Recommends
    Positive Outlook
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  5.  

    Decent Experience/Great First Career Step

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

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

    Pros

    Northern Trust carries strong reputation among SuperRegional Banks, and has been around for quite some time. As a first career, any entry level position is a step up on your resume. Benefits are great, and salary is manageable.

    Cons

    Salary isn't something that's a strong point here, seems like all entry level positions are atleast 10% under the market norm. Management has too many similar roles paying VP's and Sr VP's to do Consultant/TC roles. The TL position is supposed to carry management duties, however most are overriden by the Team Manager, so role is basically a TC without overtime.

    Advice to ManagementAdvice

    Cut down on management and pay the entry-level partners a better starting salary and maybe turnover wont be as terrible.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Great Place to Work

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Northern Trust

    Pros

    Great people
    Great Pay
    Great City
    Lots of opportunity
    Great fun

    Cons

    No cons that I can think of.

  7.  

    Great Culture

    • 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 for more than a year

    Pros

    Pay is competitive, SME skillset, great working environment

    Cons

    promotions seem to be siloed

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Great people, great environment, could use some modernizing

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

    I have been working at Northern Trust full-time for more than a year

    Pros

    Incredibly helpful coworkers and superiors

    Cons

    Technology and office perks are way outdated

    Advice to ManagementAdvice

    Upgrade your technology and office perks.

    Recommends
    Neutral Outlook
    No opinion of CEO
  9.  

    Good company, great culture, great work/life balance

    • 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

    Pros

    Good work/life balance, strong leadership, great company values

    Cons

    Conservative culture, slow growth relative to peers

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    A sturdy company

    • 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

    Pros

    Many departments (but not all) have good work-life balance, and give the employees leeway to work from home and use their available time as they wish.

    Cons

    There are a lot of people who leave Northern Trust so they can return to Northern Trust. This is because Northern Trust will pay more for an external candidate than for someone within the system.

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    Good experience. The atmosphere has bee the best sice I started my career.

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

    I worked at Northern Trust part-time for less than a year

    Pros

    Workinf hours 9-5, so good work life balance. The atmosphere there is great. No micromanagement at all. You feel good there after working in super big corporations

    Cons

    Northern trust didnt cut work force when the crisis hit so they are doing that now. Lots of work is transferred to India of Ireland so there was no work for me any more, I totally understand their decision to do this. its so much cheaper to hire people in India.

    Advice to ManagementAdvice

    Dont transfer all the position to Ireland and India.. Leave something here to London also.

    Recommends
    Negative Outlook
    Approves of CEO

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