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Working at Northern Trust

Zippia score 4.6

Overview

JobsSalaryRevenueLocationsReviewsHistoryDemographicsCompetitorsCEO & ExecutivesPart Time jobsRemote jobs

Northern Trust overview

Industry
Financial Services
Revenue
$820.2M
Headquarters
Chicago, IL
Employees
20,000
Founded in
1889
Organization type
Public
CEO
Michael G. O'Grady
Social media

Northern Trust is a finance company focusing on investment management, asset and fund administration, and fiduciary and banking solutions. Established over 120 years ago in 1889 near Chicago, the company has consistently evolved to meet the changing needs of its clients, which include corporations, institutions, and affluent individuals.

Headquartered in Chicago, IL, Northern Trust is an industry leader with approximately 20,000 employees and an annual revenue of $6.0 billion. Under the leadership of CEO Michael G. O'Grady, the company is known for its diverse workforce demographics, with 41.9% female and 44.4% ethnic minorities. Despite this diversity in gender and ethnicity, Northern Trust employees lean heavily towards the Democratic Party, with 70% identifying as members. The company maintains strong employee retention rates, with staff members typically staying with Northern Trust for six years and earning an average salary of $97,713 per year.

Northern Trust's mission statement

To start the next best thing and achieve something greater.

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4.2/5

Northern Trust employee reviews

Based on 13 ratings

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107 positions
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Northern Trust employee reviews

Northern Trust employee reviews
4.2/5

Based on 13 ratings

Work at Northern Trust? Share your experience.
Employee reviews
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4.0
A zippia user wrote a review on Sep 2023
Pros of working at Northern Trust

Great management, advancement opportunities, educational support (degree, certificate, charter, etc.)

Cons of working at Northern Trust

The pay is less than other companies, but the benefits package does compensate for this (pension included as well)

Northern Trust benefits

Health plans and pension

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2.0
A zippia user wrote a review on Feb 2023
Pros of working at Northern Trust

Great work-life balance

Cons of working at Northern Trust

Not a meritocracy. Very hard to get promoted.

Northern Trust benefits

Ability to work remotely.

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5.0
A zippia user wrote a review on Jul 2021
Pros of working at Northern Trust

Work culture and work life balance

Cons of working at Northern Trust

Limited career progression

Northern Trust benefits

Travel and food allowance

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4.0
A zippia user wrote a review on Mar 2021
Pros of working at Northern Trust

The people interaction was great. Teams between different areas of the bank worked well together.

Cons of working at Northern Trust

The slow pace of decision making. Often decisions were revisited creating a rehashing of research that rarely resulted in significant changes.

Northern Trust benefits

The company held a holiday lunch each year that brought people together.

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4.0
A zippia user wrote a review on Mar 2021
Pros of working at Northern Trust

was able to bring satifation to out cusotmer love working with people

Cons of working at Northern Trust

I had to levae for medical purposes

Northern Trust benefits

DIdn't have much just 401 K

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5.0
A zippia user wrote a review on Sep 2020
Pros of working at Northern Trust

tremendous support and training

Cons of working at Northern Trust

want more interdepartmental exposure

Northern Trust benefits

tech toys

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5.0
A zippia user wrote a review on Jul 2018
Pros of working at Northern Trust

The staff is composed of honest people that care about the clients. Everyone I have worked with is an expert in the field. Coworkers are always happy to help each other out. Great training options are available to anyone looking to further their education. Management is always willing to listen to lower level staff suggestions and concerns.

Cons of working at Northern Trust

The office hours are strict with little to no exceptions. The work can be very stressful at times. When dealing with the extreme wealth of Northern clients, you have a lot of responsibility and pressure on your plate. Although the clients are all grateful and appreciative, they can be demanding at times.

Northern Trust benefits

Northern has great insurance coverage. The vacation policies are generous and get better with seniority. The retirement plans are generous as well. Bonuses are awarded uniformly for job well done and proven commitment.

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The team at Northern Trust

  • The founders of Northern Trust are Donald Thompson and Byron Smith.
  • The key people at Northern Trust are Michael G. O'Grady, Donald Thompson and Byron Smith.
Key people
Michael G. O'Grady
Donald Thompson
Byron Smith

Northern Trust rankings

Northern Trust is ranked #24 on the Best Finance companies to work for in America list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

Read more about how we rank companies.

Northern Trust salaries

Average Northern Trust salary
$97,713
yearly
$46.98 hourly
Updated March 14, 2024

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Northern Trust diversity

9.8
Diversity score
We calculated Northern Trust’s diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of Northern Trust’s workforce.
Northern Trust diversity summary. Zippia estimates Northern Trust's demographics and statistics using a database of 30 million profiles. Zippia verifies estimates with BLS, Census, and current job openings data for accuracy. We calculated Northern Trust's diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of Northern Trust's workforce.
  • Northern Trust has 20,000 employees.
  • 42% of Northern Trust employees are women, while 58% are men.
  • The most common ethnicity at Northern Trust is White (56%).
  • 15% of Northern Trust employees are Asian.
  • 13% of Northern Trust employees are Hispanic or Latino.
  • The average employee at Northern Trust makes $97,713 per year.
  • Northern Trust employees are most likely to be members of the democratic party.
  • Employees at Northern Trust stay with the company for 6.0 years on average.

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Northern Trust office locations

Northern Trust is headquartered in Chicago, IL

Biggest Northern Trust locations

RankCityJob countAvg. salary
1Chicago, IL226$86,812
2Tempe, AZ21$86,736
3Boston, MA10$106,911
4Houston, TX4$88,344
5Miami, FL4$80,989
6Stamford, CT4$103,162
7Pasadena, CA3$101,697

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Northern Trust financial performance

9.9
Performance score

We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Northern Trust currently has 820.2M in revenue. Northern Trust's most recent quarter produced 261.4m (q2'2023).

Highest paying Northern Trust competitors

Compare Northern Trust salaries to competitors, including Pacific Investment Management Company LLC, EquiLend, and Moody's. Employees at Pacific Investment Management Company LLC earn the highest average yearly salary of $132,360. The salaries at EquiLend average $118,953 per year, and the salaries at Moody's come in at $109,712 per year.
RankCompanyAverage salaryJobs
1$132,3600
2$118,9530
3$109,7120
4$109,1300
5$108,8300
6$106,2120
7$105,4340
8$103,9330
9$100,2170
10$99,9790
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    Updated March 14, 2024

    Zippia gives an in-depth look into the details of Northern Trust, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Northern Trust. The employee data is based on information from people who have self-reported their past or current employments at Northern Trust. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Northern Trust. The data presented on this page does not represent the view of Northern Trust and its employees or that of Zippia.

    Northern Trust may also be known as or be related to Northern Trust, Northern Trust Corporation and The Northern Trust Co.