Northern Trust

  www.northerntrust.com
  www.northerntrust.com

Northern Trust Reviews

Updated 11 December, 2014
Updated 11 December, 2014
527 Reviews
3.4
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
304 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. 2 people found this helpful  

    Good stable job, good culture, little growth opportunity

    • 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

    Pros

    corporate culture is positive, family oriented, safe/stable job, benefits are decent

    Cons

    Very few people get pay raises, only way to move up is to entirely change jobs.

    Advice to ManagementAdvice

    Promote based on merit, not based on a "quota" for promotions. This leads to unqualified people being promoted just to fill the space, and qualified people not getting promoted due to no openings at the promotional level.

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


  5.  

    Great Experience

    • 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

    Pros

    Professional and Helpful management. Great first job after degree.

    Cons

    Cannot think of any at this time.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    OKAY

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

    I have been working at Northern Trust full-time (more than an year)

    Pros

    Gain a lot of industry knowledge, company likes to keep it's employees, some locations have day care centers , company has a good reputation and is stable

    Cons

    poor work life balance depending on what department you work in, can be high stress, company is very conservative and salaries are below industry standard

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    They act like a bank that is 125 years old.

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

    I worked at Northern Trust full-time (more than an year)

    Pros

    Great co workers, decent training available.

    Cons

    Horrible culture, they don't fire bad employees, just push out good ones.

    Advice to ManagementAdvice

    HR department needs ethics.

    Doesn't Recommend
    Approves of CEO
  8. 1 person found this helpful  

    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

    Great place to work & great work life balance; especially during the tax season

    Cons

    Too stingy about promotions.
    In order to be promoted you have to leave to another department, or leave the bank and come back to a higher role

    Advice to ManagementAdvice

    Promote people so you can retain talents

  9.  

    Account Manager

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

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

    Pros

    Great place to work, flexibility for family.

    Cons

    Need bigger raises to stay competitive.

    Recommends
    Positive Outlook
    Approves of CEO
  10. 2 people found this helpful  

    Good Place but lacks identity

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

    I worked at Northern Trust full-time (more than 10 years)

    Pros

    Great people, well respected in industry, nice to have on resume. Allows for a work life balance and is relatively employee friendly.

    Cons

    I was in the investment management side and we completely lacked an identity. Compensation is somewhat low relative to the industry and this has hurt. Company is not sure what they want to be - indexer, active, manager of manger.

    Recommends
    Approves of CEO
  11.  

    Excellent company

    • 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 full-time (more than an year)

    Pros

    Work life balance job security high pay friendly people

    Cons

    Low bonus, lack of opportunity to earn extra at current role

    Advice to ManagementAdvice

    Keep it up!

    Recommends
    Positive Outlook
    Approves of CEO

Work at Northern Trust? Share Your Experiences

Northern Trust

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.