BlackRock Reviews in London, England
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)
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)
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 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.
– I'm optimistic about the outlook for this company
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 Senior Management – Sharing is caring...
Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company
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.
Yes, I would recommend this company to a friend
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 Senior Management – Focus 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
1 person found this helpful
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
2 people found this helpful
Pros – Global mobility
Small (compared to competitors)
Cons – Autocratic > despotic
Everyone involved in everything
Advice to Senior Management – Need to loosen the reins a little
2 people found this helpful
Pros – There 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.
Cons – The 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 Management – It 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.
Pros – good name, best tech in the world, wide exposure to many products
could be a springboard to other Ibanks or other firms
Cons – benefit 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 Management – N/A