Northern Trust reviews

Antiquated practices. If you are under 40, you will not enjoy the culture here. Very old school, hierarchal, finger-pointing and toxic. Essentially they have not evolved since the 80s and that includes everything bad about employers from the 80s...good old boys club, don't speak unless you are spoken to, "we have always done it this way", be a yes man, don't make noise. Benefits are not good. Bonuses are insulting. Many employees here are lifers who have never once stepped foot in another company in the last 30 years so this culture is deeply engrained in everything they do, and the ones that do see an issue with it are silenced into not speaking up out of fear. If you like innovation and creativity, don't work here. Poor performers are tolerated, and if you go above and beyond you will not be rewarded, just expected to pick up others slack. No work life balance...everything is a "fire drill" at this company and if you do not set boundaries they will cross them. The company at its core (HR) is extremely unorganized. Work here for a year for the resume build and get out.

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.