BlackRock Reviews

Updated February 9, 2015
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3.0
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BlackRock Chairman and CEO Laurence D. Fink
Laurence D. Fink
8 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

13 Employee Reviews

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  1. Your experience depends on your department and manager

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

    I have been working at BlackRock full-time (More than a year)

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

    Pros

    flexible working, good work life balance, good job if you have a family life and career progression is unimportant.

    Cons

    very rigid roles, not much opportunity for development or career progression.

    Advice to Management

    managers that have been there a long time, seem to lose a lot of professionalism. Constantly swearing in large team meetings is commonplace, and they tend to feel all powerful as no one monitors the team closely to check the morale. It has culture of everyone for themselves.


  2. Good company but they do not pay

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

    I have been working at BlackRock full-time (More than 3 years)

    Recommends
    Neutral Outlook
    Recommends
    Neutral Outlook

    Pros

    Nice people very well run company Mobility is encouraged

    Cons

    Compensation - they pay below market and the process is not transparent.

    Advice to Management

    Start paying people properly - in line with or slightly above market rates. Bonus is paid tomorrow and I know of at least 6 people on my side of the floor who are actively looking for other jobs.


  3. Big firm,

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

    I have been working at BlackRock full-time (More than a year)

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

    Pros

    Big firm, lots of resources, back office people really knowledgeable compares to other firms have the business model work well for them.

    Cons

    not innovative not for entrepreneurs be expected in the box of the role long hours, it is possible to get the budget to do training, but not possible to get time off


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  5. BlackRock was a good learning experience.

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

    I worked at BlackRock full-time (More than 3 years)

    Neutral Outlook
    No opinion of CEO
    Neutral Outlook
    No opinion of CEO

    Pros

    The firm is active in many parts of the financial services industry, and there is the potential to work with many different product and client groups in multiple regions of the world.

    Cons

    Because the company was built through a series of acquisitions, the corporate culture varies quite a bit depending on where you work and what you do. As is probably similar with other large global organizations, a good amount of time must be spent dealing with internal issues.


  6. Helpful (1)

    A good place to start your career

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

    I worked at BlackRock full-time

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    - Good exposure to senior leaders - Great breadth of product - Great name on the CV

    Cons

    - Very hierarchical/political - Very long hours - Crowded at the top - good people often leave because they feel there's no career progression - Internal mobility is extremely difficult - Compensation low by industry standards

    Advice to Management

    Think about to to provide opportunities for progression to mid-level employees


  7. Helpful (3)

    Good place to start a career, terrible place to grow one

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

    I worked at BlackRock full-time (More than 5 years)

    Positive Outlook
    Approves of CEO
    Positive Outlook
    Approves of CEO

    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 Management

    Larry 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.


  8. Fantastic for the CV

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

    I worked at BlackRock full-time (More than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Really 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.

    Cons

    Top heavy. Can be cut-throat. Lots of politics. Pay isn't always the best

    Advice to Management

    Sharing is caring...


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

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Summer Analyst in London, England (UK)
    Former Intern - Summer Analyst in London, England (UK)

    I worked at BlackRock as an intern (Less than a year)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

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

    Cons

    No clear career path to portfolio management jobs. Compensation is not in line with other jobs in the financial industry.


  10. Portfolio Analytics

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate, Portfolio Analytics in London, England (UK)
    Former Employee - Associate, Portfolio Analytics in London, England (UK)

    I worked at BlackRock full-time (More than a year)

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

    Pros

    Learn 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.

    Cons

    High 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 Management

    Focus on supporting the learning and development process of young analysts.


  11. Helpful (1)

    Top reputation & good career opportunities but significantly below average compensation

    • 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 a year)

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    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 Management

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



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