Northern Trust
3.2 of 5 417 reviews
www.northerntrust.com Chicago, IL 5000+ Employees

Northern Trust Reviews

Updated Apr 16, 2014
All Employees Current Employees Only

3.2 417 reviews

                             

76% Approve of the CEO

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

Rick Waddell

(243 ratings)

63% of employees recommend this company to a friend
417 Employee Reviews
Relevance Date Rating
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Review Highlights

Pros:
  • "Culture that built a great reputation serving clients well and supports work/life balance"
    in 95 reviews
  • "Great Pay for entry positions, set schedule, good benefits, but pricey depending"
    in 24 reviews
Cons:
  • "management in some divisions punishes employees for voicing concerns to senior management"
    in 16 reviews
  • "Overweighted with middle management that is out of touch with what is going on in the field"
    in 12 reviews
  • Show more review highlights

Reviews

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Good and getting better

Second Vice President (Current Employee)
London, England

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

ProsCulture, access to senior management, rewards for achievement

ConsA little inconsistent across locations, tough on pay

Advice to Senior ManagementContinue with the ambition, keep talking to partners

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Okish

Anonymous Employee (Current Employee)

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

ProsNorthern Trust is a large, multinational company with offices accross the globe. It provides various financial services it its client which are apart from within the US mainly large financial institutions or corporations. There are a variety of different business units and sections.

ConsGiven its size, Northern Trust has a very complicated structure which results in lack of visibilty, lack of ownership and makes it very difficult to navigate within.

Advice to Senior ManagementLack of communication to employees/ no transparency

Yes, I would recommend this company to a friend

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Not a good company for internship to work for

Fund Analyst (Former Employee)
London, England

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

ProsLocation was good and canteen was good with different menu everyday

ConsFaced racism, transfer agency team is not friendly and managers aren't approchable

Advice to Senior ManagementBe more polite and expect what is required for the role

No, I would not recommend this company to a friend

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NT London

Second Vice President (Current Employee)
London, England

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

ProsGood company to work for

ConsDon't have personal negative view

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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positive, valued

Nurse (Former Employee)
Antrim, Northern Ireland

I worked at Northern Trust part-time for more than 3 years

Prossalary, annual leave, staff team, support

Conslarge caseload, but thats standard

Advice to Senior Managementnone, I think youre doing ok

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Positive professional environment

Anonymous Employee (Current Employee)
London, England

I have been working at Northern Trust

Prossupportive culture to get things done right

Conssometimes slow to respond. some corporate functions seem to think the business gets in their way rather than doing everything they can to support the business

Yes, I would recommend this company to a friend

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Not as good as they used to be

Anonymous Employee (Current Employee)
London, England

I have been working at Northern Trust

ProsVery good with personal issues and represent a good worklife balance and initial pay if you hold out and bargain can be very good

Consnot a good company at making decisions and doesnt appear to be as much opportunity for growth or time put into personal developement

Advice to Senior ManagementCommunicate to the staff more regularly and with information that is relevant to the individual rather than just the bigger picture.

No, I would not recommend this company to a friend

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More career development options needed

Analyst (Current Employee)
London, England

I have been working at Northern Trust

ProsGood, stable place to work with generally good internal communications from senior management. Morale is pretty good among staff.

ConsNorthern Trust is a very difficult place to receive good training and progress your career. Not in the budget' is the frequently cited reason. Pay tends to be average-to-low end of the scale.

Advice to Senior ManagementSpend more on developing and retaining your employees

No, I would not recommend this company to a friend

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Stable but no commitment to training/career development

Anonymous Employee (Current Employee)

I have been working at Northern Trust

ProsStable place to work, good management and pay is reasonable compared to competitors. Office facilities and morale are generally good

ConsTraining is poor to non-existent, meaning employees stagnate in their job roles and cannot progress. Not enough long-term thinking by management.

Advice to Senior ManagementInvest in training to build for future. Do more to keep employees happy and be slightly less conservative in overall strategy

No, I would not recommend this company to a friend

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Northern Trust, a great place to be average.

Officer (Former Employee)
City of London, England

I worked at Northern Trust

ProsThere aren't too many, nice building, nice enough people, pretty safe in terms of you may never lose your job during the credit crunch,

ConsIt's for average performers because it's not a meritocracy. One usually progresses based on time worked. It can take up to 12 years for a half decent promotion, and that's to another average position. Not really a place for self starters who want to move fast through the chain. Also there are way too many job titles & the structure is very very very unflat - i.e. lots of AVPs, VPs, etc. No matter what you do, you will find yourself at the bottom of an extremely long food chain.

Advice to Senior ManagementStop with the Diversity Awareness. We all know you just don't want to be sued.

No, I would not recommend this company to a friend

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Glassdoor is your free inside look at Northern Trust reviews and ratings - including employee satisfaction and approval ratings for Northern Trust CEO Rick Waddell. All 417 reviews are posted anonymously by Northern Trust employees.