Pros
Company is filled with many smart and talented professionals who provide excellent client service. Collaboration across disciplines within the Wealth Management business is strongly encouraged and most people seem motivated to do the right thing for clients.
Cons
Relatively low base salaries, mediocre annual bonuses. Also, very little in the way of equity awards for the vast majority of employees. The irony is that senior executives, particularly in the Wealth Management business, often tout "return on equity" as an important metric for measuring business success. It's ironic because Northern Trust used to give out equity awards to the majority of its employees which meant that most of the employees were also owners for whom "return on equity" actually meant something. However, equity awards now seem to be given exclusively to senior executives and other very highly compensated employees.