BlackRock Reviews

Updated July 9, 2015
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BlackRock Chairman and CEO Laurence D. Fink
Laurence D. Fink
4 Ratings

Pros
  • Work life balance is good (dependent on department) (in 50 reviews)

  • Very smart people but mostly young in their 30's (in 52 reviews)

Cons
  • Not a great sense of work/life balance (in 71 reviews)

  • Can be long hours but fairly compensated for them (in 50 reviews)

More Pros and Cons

4 Employee Reviews

Sort: Popular Rating Date
  1. Helpful (3)

    Not as it seems

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in London, England (UK)
    Current Employee - Anonymous Employee in London, England (UK)

    I have been working at BlackRock full-time

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Free Coffee Often say thank you, but salary and bonus disappoint Aspirational -yet don't fund industry standard courses or encourage ongoing learning or education Autonomy - managers don't know or care what's going on as long as you don't ask questions, make mistakes, or add to their work work load Flat structure - flat pay - clearly suits the mediocre employee Great figure heads, Fink,Kapito, Goldstein - lots of inspiration, little action however Slick marketing machine, little substance to offer Apply now! We'll offer you a job for below average wages and above average workload 'One blackrock's' values - they are so meaningful and differentiating

    Cons

    Where to start..... Salaries & bonus are rubbish and below industry average as blackrock rely on their dubious reputation to attract eager talent Management only cares about sales, not service - consequently service / relationship management is not respected or remunerated Dated platform & technology - fragmented infrastructure is slow and cumbersome Cultural issues remain despite BGI 'unification' years ago Long hours with little appreciation Little bonus but thank you for your contribution for the Firm

    Advice to Management

    Continue with your unwavering vision; any advice I have to offer would simply fall on deaf ears. As organic growth has been such a roaring success, there's surely a case to abandon your latest acquisition strategy.


  2. Helpful (2)

    The more you work the less it will be appreciated

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in London, England (UK)
    Current Employee - Vice President in London, England (UK)

    I have been working at BlackRock full-time (More than 8 years)

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    Had a few few years with BLK but all those started with me all left as they had ENOUGH.

    Cons

    Salary below Market Rate. Employee has to pay for the name to be on their CV Work Life balance was a nightmare... even when you had to take off for family reason, you still will be contacted to do some work HR only think about the business --- HR stands for Hardly Relevant Manager was very rude and had complaints addressed to HR... But all left the BAD stayed

    Advice to Management

    Review your HR team and also look into teams where you have lots of talented people leaving. Get the bad manager out and bring/keep the good ones. No need to do an employee survey and not learning from it.


  3. Helpful (8)

    I gave BlackRock a chance, but it remains dreadful

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in London, England (UK)
    Current Employee - Vice President in London, England (UK)

    I have been working at BlackRock

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    BlackRock is the biggest fund manager on the block, so it has the potential for great scale and domination of the asset management business. There are a couple of good managers.

    Cons

    Working in the business may be better, but London IT is a sorry department to be in. Decent senior managers are like needles in a haystack. Every time we have a senior manager addressing us we hear how great everything is but it is normally a case of The Emperor's New Clothes. Central control from New York is a death grip. Autonomy is not tolerated. Experienced people are given trivial jobs to do to "prove themselves". Sharing of information between teams is poor. Documentation is inadequate - the "Aladdin Way" has to be prised from key developer's heads.

    Advice to Management

    Let talented people make their own decisions. Learn how to plan ahead. If you are moving 2500 staff to a new building and changing operating system at the same time you need to allocate sufficient resources and time to it, and communicate things clearly. Having an emergency meeting to communicate what is happening AFTER people have started moving shows you are ill prepared. Larry, you may be a great business leader, but IT is seriously disfunctional - we waste a lot of time building exactly what we are told by our senior management only to be told it is not needed anymore. IT decision making occurs after everything is built. People like to say No as they feel that shows that are protecting Aladdin. They are wasting money and time - they should set be capable of setting the direction up front.


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  5. Helpful (7)

    3 Years In RQA Was Enough For Me

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Risk Management in London, England (UK)
    Former Employee - Risk Management in London, England (UK)

    I worked at BlackRock

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Pay was decent but nowehere near an IB

    Cons

    Prett poor systems - Long working hours. Everyone kept talking about one blackrock systems. These are archaic and writen in really ancient languages that only one or two people could use. The systems would only work in IE6 (No firefox) and were slow!!!

    Advice to Management

    Start rewriting systems - People dont want to keep using IE6 and mess about with command lines.



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