BlackRock

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BlackRock Reviews in London, England

Updated Jul 1, 2014
All Employees Current Employees Only

3.3 37 reviews

76% Approve of the CEO

BlackRock Chairman and CEO Laurence D. Fink

Laurence D. Fink

(25 ratings)

63% of employees recommend this company to a friend

Review Highlights

Pros
  • While it was not quite as relaxed as the San Francisco office, I found solid work life balance(in 41 reviews)

  • these are very smart people with tremendous resources spread across the globe(in 46 reviews)


Cons
  • if you want any type of work life balance rethink your idea to join this firm(in 58 reviews)

  • Very long hours, if you are not an investor you're kind of second class(in 44 reviews)

8 Employee Reviews Back to all reviews
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    • Culture & Values
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    Good place to start a career, terrible place to grow one

    Investment Manager (Former Employee) London, England (UK)

    Pros- People are for the most part genuinely nice
    - Great brand name means your CV will get you an interview at better firms where you can finally get paid/promoted
    - Benefits (pension, health care, etc...) are great
    - Work/Life balance is fantastic but that's not a great thing if you're young and ambitious I'd argue. I'd rather work longer and get paid more, but no real link between performance and pay makes this a moot point.
    - Decent opportunities for internal mobility (if you want another job or to work somewhere else, you can get one...it just might not be any better)
    - Pretty tough to get fired from this place. If you just want to sit somewhere collecting a coupon for the next 45 years, this is the place for you.

    Cons- Terrible pay and bonus compared to competition and sell side with very few pay raises.
    - Extremely top heavy makes career progression very difficult and promotions tougher to come by these days unless you're in a right place
    - Strong preference for external hires for premium investment jobs, internal hires usually preferred for more support related jobs in portfolio management
    - Generally very little link between performance and compensation/promotion. All about which team you end up in and the level of that team's influence.
    - Lots of Soviet-like propaganda which is more annoying than anything
    - So much fat at the top sitting there and getting paid while barely putting in any real work

    Advice to Senior ManagementLarry built this firm from the ground up so he knows what he's doing. I wouldn't sweat what the peons had to say if I was him either.

    – I'm optimistic about the outlook for this company

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    Fantastic for the CV

    Analyst (Former Employee) London, England (UK)

    ProsReally prestigious company.

    Very much respected due to its size.

     Anyone would be proud to work for them.

    In many respects it is a model investment management firm.

    Truly global firm.

    Looks really good on the CV.

    ConsTop heavy.

    Can be cut-throat.

    Lots of politics.

    Pay isn't always the best

    Advice to Senior ManagementSharing is caring...

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Interesting internship experience. Nice people to work with. Worked on a variety of projects.

    Summer Analyst (Former Employee) London, England (UK)

    ProsWorked with great people and learned a lot in the process. A lot of networking events available to learn about the business.

    ConsNo clear career path to portfolio management jobs. Compensation is not in line with other jobs in the financial industry.

    Yes, I would recommend this company to a friend

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
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    • Senior Management
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    • Disapproves of CEO

     

    Portfolio Analytics

    Associate, Portfolio Analytics (Former Employee) London, England (UK)

    ProsLearn how the operation of a multiframe system works and at the same time understand the analytics being calculated. It does provide young employees with a chance to contribute to the development of the operations.

    ConsHigh employee turnover means the average length spent in the firm is around 2 years within Blackrock solutions for analysts. It also means you will have no life and be in the back-office being underpaid for the operational risk of your work.

    Advice to Senior ManagementFocus on supporting the learning and development process of young analysts.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    • No Opinion of CEO

    1 person found this helpful  

    Top reputation & good career opportunities but significantly below average compensation

    Vice President (Current Employee) London, England (UK)

    Pros- Caliber of people and diversity of backgrounds
    - Challenging, interesting job opportunities offering great deal of experience/learning opportunity
    - Strong reputation, good for CV and career advancement
    - Work/Life balance is better than at Investment Bank
    - Good culture and working climate

    Cons- Bureaucratic, inflexible structures inside company
    - Poor monetary reward for individual accomplishments and top performance, e.g. below industry-average pay and limited bonus potential compared to Investment Banking or Hedge Funds - not in line with reputation and top performing employees, most uneven bonus distribution (anything below Managing Director reward is peanuts plus warm handshake)
    - Systems are entirely in-house (no transfer of knowledge) and inefficient

    Advice to Senior Management- Reward individual performance: if you want the Best in class you have to pay for it
    - Clearer communication of strategy from management

    No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

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    2 people found this helpful  

    Changing project environment

    Director (Current Employee) London, England (UK)

    ProsGlobal mobility
    Small (compared to competitors)

    ConsAutocratic > despotic
    Slightly chaotic
    Everyone involved in everything

    Advice to Senior ManagementNeed to loosen the reins a little

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    2 people found this helpful  

    Losing sight of its most important asset

    Anonymous Employee (Current Employee) London, England (UK)

    ProsThere is ample opportunity to prove yourself in the company. You're given as much responsibility as you want - or at least, I have been. It's also possible to move internally relatively easily, and to that extent you get the feeling that your career is in your own hands.

    ConsThe purchase of BGI has highlighted huge cultural differences between the two legacy companies.
    Management are trading on the good will and professional nature of its employees - treating staff, in some cases, in an appalling fashion.
    Long hours have become the norm.
    Compensation is disappointing. I'm not driven by money but I do believe in being paid fairly for the job you do and the results you achieve. It doesn't happen at BlackRock - especially if you're promoted from within.
    The company needs to put its hand in its pockets - a shoestring budget will ensure it gets found out sooner or later. For a company of this size, there's no excuse - we're not investing sufficiently in existing talent.
    Business risk management feels like it's a case of "wait and see".

    Advice to Senior ManagementIt doesn't matter how good a Porsche looks if it's being driven with the engine of a Skoda. Listen to your staff - we're telling you the same story. Or don't, and just risk us all leaving.

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    Nice place to start but not to stay

    Analyst (Former Employee) London, England (UK)

    Prosgood name, best tech in the world, wide exposure to many products

    could be a springboard to other Ibanks or other firms

    Consbenefit and comps sub-parred
    we call ourselve largest AM in the world, but comps is not quite same as other "buy-side" firms.

    too specific tech language. skill not transferrable.

    Advice to Senior ManagementN/A

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