Challenging workplace dealing with numbers, detail-oriented duties and deadlines
(former employee) Technician/Securities Processing (Former Employee), Chicago, IL – May 13, 2013
Pros: good pay, decent benefits.
Cons: too conservative, little advancement opportunities, micromanaging bosses.
I met a diverse variety of interesting people at Northern Trust. Overall it was quite a challenging experience. Their annual United Way fund raising campaign and Christmas holiday events were especially fun.
Stagnant, Convolted, Management of Business and Employees
Implementation Coordinator (Former Employee), Ciicago, IL – May 12, 2013
Pros: you caan sit around and do basically nothing and get paid for it if that's your game.
Cons: career advancement is based on seniority rather than competency.
I am a former employee of Northern Trust, this is the last company I have worked at, I left in March.
My experience with NTRS was not gratifying to say the least. It is a highly regarded company, but as to why I still have no idea. Their business model has changed drastically in response to continually low interest rates. Much of the operations side – more... of their business is now being outsourced to India (which it already has been for some time but now will be in a greater capacity) and now Malaysia. Operations is an integral part of how trust and investment accounts are set up for clients. Many of the partners in Chicago I have worked with were still unclear about processes and procedures that are vital to the success of this company. If someone here does not fully understand the job they are doing, how can they expect an individual overseas to fully grasp such crucial concepts? It didn't make sense to me and is part of the reason I left. I had to go back and forth with partners on a daily basis to have things done in the correct manner. Management does not seem to understand the concept of continuity. Issues such as this have been brought to their attention and overlooked or disregarded on numerous occasions. Yes, it does make sense to operate at a minimum cost, but what is the "real" cost of doing business that way? I foresee financial losses to NTRS's bottom line in the very near future when their new business model is fully in place.NTRS does have good benefits and what you do will more than likely pay well. That being said, if you are satisfied with the status quo, than this company is right for you. If you expect more of yourself, I would avoid this company at all costs, also If you are interested in this company do not count on job security. Their business model will decrease the security of any position held. This is my opinion based on experience. The rating I gave is more than liberal as well. – less
Personal Banking Assistant (Former Employee), Naples, FL – April 15, 2013
Pros: long lunch
Cons: no room for growth
Basically your catering to old white people all day. They want coffee with no cream and one sugar you have to stop and get it for them. The clients are nice to you until you tell them no or you can't do that. That's when you see how they really are. Pay and benefits are really good. Just make sure you have a really good manager if not get out. Also – more... don't think about moving up or to another position. HR will give you push back even though you meet all the requirements. They will hire someone else!!! The teller are awesome to work with. Private bankers 50/50. – less
Vice President, Wealth Management Marketing (Current Employee), Chicago, IL – April 11, 2013
Pros: good people, nice culture, flexible work hours
Cons: politics, stuck in the "it hasn't even been done like that" mentality
A politically motivated individual will do quite well at Northern Trust. The overall benefits are ok but not as high as other financial services firms. Stuck in the old ways and has a hard time with new marketing challenges such as moving beyond regular tv advertisements. The most enjoyable part of the job is the people on many of the teams but they – more... are so nice that nobody will be honest about what needs to be fixed. The hardest part of the job is the constant politics that have to be played in order to stay relevant within the organization. You spend as much time marketing yourself internally as you do marketing the organizations products and services externally. – less
A good variety of job skills offered. There was always something to learn every day.
Mail Processing Clerk (Former Employee), Chicago, IL – February 25, 2013
Pros: excellent benefits.
Working for Northern Trust was an excellent experience. I had learned good people skills. I enjoyed working along a diverse staff and management. My time with Northern Trust was very enjoyable. I recommend this company to all.
Personal Banker (Former Employee), Mesa, Arizona – February 16, 2013
I enjoyed the people I worked with. They took pride in building relationships with the clients as apposed to finding the most convenient way to keep them out of the office. Client's seemed to appreciate the time we took to call them by name and to know who they were. Management always showed support and encouragement. I rarely had a hard day even though – more... we worked very hard to take care of our clients. – less
A strong work culture, where all are treated as partners rather than employees.
Senior Fund Analyst (Former Employee), Bangalore India – January 9, 2013
Pros: door to door pick and drop service for all employees
Cons: travel time
As a Fund Accountant, striking NAVs was the highlight of my day! It was the most enjoyable one too. A typical day would start quiet, with a strong pressure building that culminates in pricing and striking NAVs. a wonderful management, I felt safe working with the company. The cooperation and support of co-workers was unbelievable, especially when pricing – more... catastrophes occurred. many of us would not have made it through certain days without this mutual support. – less