Northern Trust reviews

3.6

67% would recommend to a friend

(6,449 total reviews)
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Michael OGrady

80% approve of CEO

61% positive business outlook

Northern Trust has an employee rating of 3.6 out of 5 stars, based on 6,449 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Northern Trust employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

6K reviews
4.0
Mar 10, 2009
Recommend
CEO approval
Business Outlook

Pros

Northern is one of the most stable banks around, and given the current market tumoil, I wouldn't want to be anywhere else right. They treat their employees with respect and have fantastic benefits.

Cons

Its greatest benefit is also one of its biggest disadvantages - though I appreciate the conservative stance the bank takes in the current bear market, in bull markest, they seems slow and unagressive. At one time I felt like I wanted to leave because the money was significantly better at other institutions but you don't get the work/life balance or stability Northern offers.

3.0
Feb 8, 2009
Recommend
CEO approval
Business Outlook

Pros

Northern has a reputation for integrity. It also has a long standing tradition in the financial services community that includes the "old boys" network however. It was a primarily high-net worth institution for "blue-blooded" individuals and who needed their money managed and custodied. Northern has a good benefits and a good management. There are a number of perks for working at Northern, including child care and good benefits and the reputation value of being associated with such a global player in the advising and custody business. There are other things I like about Northern including the fact that their business model is somewhat recession resistant

Cons

The pay scale at Northern is not on par with other large banks Headquartered in the Chicago area or those that have large presence. It's more than Harris Bank, but less than Lasalle Bank or Chase Bank. There are some other down sides in that it's pretty slow to get something done. There is some beauracracy and sometime the "old boy" network can be somewhat frustrating. Things are done a certain way because they've always been done that way and the bank is somewhat resistant to change quickly. The culture is a lot more stuffy than other downtown banks. No business casual in HQ building.

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