Northern Trust reviews

If you are looking to work in the Tempe office and are hoping for career advancement, challenging opportunities, learning new skills, and a hard work pays off attitude then hard stop here....run! You will be better off at almost any other company on earth than this one. Asset Management plays favorites if you aren’t from the Chicago office or “one of the original employees” then you could create a way for the company to save millions and still never be looked at as intelligent. Most employees that have been in this organization for years are at best seat warmers. They do nothing but aren’t afraid to intimidate everyone to keep their perceived idea of power. Turnover with brilliant new talent is the norm, no one smart enough to have another job stays longer than a couple of years. The only skill you will learn here is that of 5th grade talent cutting and pasting and manually fixing bad numbers that the computer systems can’t seem to calculate correctly and if you miss a few bad numbers no big deal it goes to clients and no one cares. Save yourself time and search elsewhere.

Training was abysmal. I left after a few years and it never got better. Nothing is centralized and knowledge is lost when people leave. You will learn by sitting at someone's desk and jotting notes on paper. Complete joke. Technology is sourced from Citadel. When you leave HFS, all that knowledge disappears and cannot be carried to other companies. A lot of management and senior management is ex-Citadel. Impossible to move up. Certainly a lot of these people are 'lifers'. During my time, I don't believe I saw anyone replace their manager. Only way is to transition to another team (don't do this, you will make more $ by leaving) A lot of incompetent managers/older employees with no technology/Excel skills. They will find young talent and pawn off majority of the work on them. My experience was I had no choice and had to complete the work under constant monitoring. Google 'fear-based leader'. They've opened up a Tempe, AZ office which will definitely be replacing new jobs located in Chicago. May affect raises, offers, bonus, etc.... Pay increases were a complete joke. You have to fight for it, be super aggressive, and threaten to get big bumps. They will never hand out big pay increases based on your actual value. I never got my total bonus target. You will likely receive 66% of the 'target %'. Northern Trust is a custody bank. They can have an amazing year and employees will see an extra 1-2% bonus. Rest goes to shareholders. Happy hours/group outings paid by NT disappeared. Again, NT is super cheap. Very difficult to get to know your employees/new employees.