Highly Underappreciated and Severely Underpaid Employees - Second Vice President Tax Northern Trust Employee Review

1.0
Jul 24, 2014
Recommend
CEO approval
Business Outlook

Pros

- 4 weeks of vacation

Cons

- Accountants are pushed to a building on the South side of the Loop and are not in banking buildings. Not a "One" group feel. - Cheap on pay with it's "Partners" - well below industry standards - VPs are removed from the work their staff and seniors are performing and unrealistic about time lines internal due dates. - Salaried individuals are not given any recognition when overtime is put in and it's excessive during busy periods. - VPs unable to think outside the box and do not meet industry standard practices - Lack of a sense of teaming due to the VP frowning on communication- people do not talk to each other even though they are working in the same group and on the same project people. - Company Policies are not followed in each department and apply to ONLY certain. - Unreasonable expectations and lack of resources creates unnecessary overtime for all - Redundancy in the work to create job security as I quote direct from the VP - Lack of effective work-life balance despite the fact that Northern says they promote the issue. - Cheap budget meaning the resources you do have are inefficient and dated for tax return preparation and tax research. - Preferential treatment provided to certain individuals who have been with the department longer. -Expectations that if you are the new person you are given the shaft when it comes to office coverage and pto during holidays and during non-busy season. - Honesty in this department is not a given. - Professionalism is not a priority within the group I was in and really was almost embarrassing to clients. -Low budget so raises are not within industry standards and limit earning potential. This also translates into no holiday parties or company outings. - Lack of communication from top down approach - ie 400 people will be let go in 2014 and 2015 was announced in Crain's Mag before even being communicating it to their own employees. Overall the group I worked in I felt was less than acceptable when it came to professionalism which really in the end created a hostile working environment. I would say that anyone considering working for this company take a serious look elsewhere before signing any employment contract with them.

Explore other reviews about Northern Trust

5.0
May 29, 2026
Recommend
CEO approval
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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.

2
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