Northern Trust

www.northerntrust.com

Northern Trust Reviews

Updated 25 January, 2015
Updated 25 January, 2015
556 Reviews
3.3
556 Reviews
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Northern Trust President, CEO, and Director, Northern Trust Corporation and Northern Trust Company Rick Waddell
Rick Waddell
319 Ratings

Review Highlights

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 Highlights

Employee Reviews

Sort: Popular Rating Date
  1. 3 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 (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 (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.  

    Summer Intern-Chicago

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

    I worked at Northern Trust

    Pros

    Loved this program, got alot of connections and
    learned alot.Good pay too.

    Cons

    None really. Its was fast pace but so is this industry so no complains

    Recommends
    Positive Outlook
    Approves of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    I loved the experience in working for great people and all project teams within the organization.

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

    I worked at Northern Trust as a contractor (more than 5 years)

    Pros

    Work ethic and flexibility. Very positive and rewarding environment.

    Cons

    I have none. It was a great company to work for.

    Advice to ManagementAdvice

    Keep up with being the empowering organization that you are.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Senior Analyst

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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

    Good working environment.
    Managers are very helpful and approachable.
    Good training provided as a new employee.

    Cons

    The company has no drawbacks.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Great people to work with

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Wealth Strategist in Greenwich, CT (US)
    Current Employee - Wealth Strategist in Greenwich, CT (US)

    I have been working at Northern Trust

    Pros

    Great Benefits and working environment.

    Cons

    not much room to move around as a junior person

    Advice to ManagementAdvice

    More training for the junior people and support staff along with higher compensation

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Great Company, Less Compensation

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

    I worked at Northern Trust

    Pros

    They pamper you with diverse culture and freedom. Less pressure and definitely for people with long term goals.

    Cons

    Compensation is not up to the mark, being stuck in one process for long, career development on the slow track.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Easygoing, low stress, low pay

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

    I worked at Northern Trust

    Pros

    Working at Northern has great work/life balance. Hours are easy, coworkers are nice.

    Cons

    The company is slow to invest I'm technology and its employees. Low interest rates adversely impact employee comp.

    Recommends
    Neutral Outlook
  10.  

    The Gold Standard

    • 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

    Excellent working environment. Wholesome climate. Corporate culture built on strong ethics and placing the client's best interests first. Excellent professional resources. Top tier clients. Intelligent, hard-working colleagues. Great benefits, lots of vacation time.

    Cons

    Below average salaries, above average work load. Struggles with technology. Bureaucratic.

    Advice to ManagementAdvice

    Improve staffing allocations so that workload is more evenly distributed. Add staff to client facing teams so that relationship managers have time to be more proactive with clients.

    Recommends
    Positive Outlook
    Approves of CEO

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