Northern Trust Institutional Fund Accounting - Analyst, Institutional Fund Accounting Northern Trust Employee Review

1.0
Feb 19, 2017
Recommend
CEO approval
Business Outlook

Pros

Basically none. I will say that on an analyst level, many coworkers are friendly, nice people. The team that manages the dow account actually is made up of some smart, good guys.

Cons

This review is specific to the institutional fund accounting team, I can't speak for the rest of Northern. There is absolutely no reason to accept a role with that team. Management is a Dilbert level of incompetent, the office actually functions better when they are not there. There is no room for career advancement. Pay is bad compared to the industry. The hours are terrible, it's not unusual for all the analysts to still be in the office past 9 PM. The job teaches no transferable skills. Everyone is trying to leave. Turnover in six months was above 50%. Upper level management is working on automating most of the department. Management does a terrible job communicating, I remember a coworker who had been there almost two years getting yelled at for approaching the bosses cubicle without sending an instant message first, and that's just the tip of the iceberg. Things just get worse.

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5.0
Jul 8, 2026
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CEO approval
Business Outlook

Pros

Great benefits and work environment

Cons

Nothing that’s too much of a con

2.0
Apr 21, 2026
Recommend
CEO approval
Business Outlook

Pros

Nice people and a good environment. Benefits are good and the work is interesting. On a scale of 1 to 10, I would rate NT as a 7. But, it’s typical big corporate crap that hands out 2% raises and minimum bonuses during a good year yet spends $360 million this past quarter buying their stock back.

Cons

Constant reminders to do more with less and cut costs and belt tightening while the execs line their pockets and you maybe get a 2% raise. I could see such actions if the firm was doing bad financially, but they aren’t. Record this and record that for many quarters now. And they walk around patting each other on the back like they all did such a great job when in reality, the markets are up so the value of the assets we manage are up. I’m wondering what sort of actions will happen when the market goes south for several quarters. Oh. And the constant state of surveillance here is BS. Tracking to make sure you are here 3 days a week. Keyboard / mouse / PC tracking systems receding your activity. It’s like a 21st century high tech sweatshop in some ways.

2
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