Work hard for no pay!! - Fund Accountant Northern Trust Employee Review

2.0
Jun 19, 2008
Recommend
CEO approval
Business Outlook

Pros

Northern Trust is a highly respected company in Chicago. If you a college grad and your looking for a minimal salary to get by on while you party in Chicago for a couple years, this is the place to go.

Cons

The pay is downright awful. Especially for the hours you work and the location of the office. If they want to pay people 40K then move out to Po-Dunk Idaho. But if they want to have an office in downtown Chicago then they need to recognize the fact that their employees cost of living is going to be higher and thus they need to pay more. There is no opportunity for any type of quick advancement in the fund accounting department. You can work all you want and produce more than the rest but at the end of the day you'll be told to get in line and wait until it's your turn to get a promotion. I worked way more hours than a co-worker and produced better results and at the end of the year, we got the same measly pay raise. I should have left work earlier and just spent the time with family.

Explore other reviews about Northern Trust

5.0
May 29, 2026
Recommend
CEO approval
Business Outlook

Pros

Great place to work, especially starting your career.

Cons

I have no cons— fabulous people.

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.

1
See reviews by: Helpful|Rating|Date|All