BlackRock

  www.blackrock.com
  www.blackrock.com

BlackRock Reviews

Updated October 13, 2014
Updated October 13, 2014
682 Reviews
3.3
682 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
BlackRock Chairman and CEO Laurence D. Fink
Laurence D. Fink
484 Ratings

Review Highlights

Pros
  • Management cares about work life balance and actively seeks ways to improve it (in 50 reviews)

  • these are very smart people with tremendous resources spread across the globe (in 52 reviews)


Cons
  • I can tell from the analysts I worked with that work-life balance was not great (in 71 reviews)

  • Very long hours, if you are not an investor you're kind of second class (in 50 reviews)

More Highlights

66 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1. 2 people found this helpful  

    On downside.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at BlackRock full-time (more than an year)

    Pros

    BGI was awesome. Blackrock is opposite.

    Cons

    lack of recognition and appreciation. No room to grow or move.

    Advice to ManagementAdvice

    Learn from BGI.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2. 4 people found this helpful  

    Disappointing job

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Associate Portfolio Management in New York, NY
    Former Employee - Associate Portfolio Management in New York, NY

    I worked at BlackRock full-time (more than an year)

    Pros

    Good benefits, Stable Company and many excellent people

    Cons

    No career advancement, bad management, because of it, it creates toxic enviroments. roles and resp are not clear for each individual. junior people do not have much to do.

    Advice to ManagementAdvice

    better management and better career advancement for young people, get rid of people who are not suited for mangement.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  3. 3 people found this helpful  

    Cut-throat financial firm

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in San Francisco, CA
    Current Employee - Anonymous Employee in San Francisco, CA

    I have been working at BlackRock full-time

    Pros

    Best asset mgmt firm in the world. Huge firm with a lot of smart people.

    Cons

    A lot of politics in the office. Cut throat culture. The firm is 80% male and lacks female. People work hard and there is hardly any work life balance. Most people are 30-50 years old and don't have families and dedicate their life and soul to finance.

    Disapproves of CEO
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  5. 4 people found this helpful  

    Horrible culture. No interest in people development. Managers with no integrity.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Human Resources Relationship Manager in New York, NY
    Former Employee - Human Resources Relationship Manager in New York, NY

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

    Pros

    Financial wellness focus. Retirement fund. Merrill Lynch advisor program to help you manage your earnings.

    Cons

    Highly political. Doesn't matter how you treat people as long as you make money. Deeply seeded racism and bias in promotion process. No understanding or commitment to diversity.

    Advice to ManagementAdvice

    HR is not there just to keep you out of jail. The right people in that function can help address cultural issues. The desire to change has to start from the top.

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
  6. 4 people found this helpful  

    Happy to be outta there

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Executive Assistant in San Francisco, CA
    Former Employee - Executive Assistant in San Francisco, CA

    I worked at BlackRock full-time (more than an year)

    Pros

    Looks good on a resume

    Cons

    No humanity. Cold. Too big.

    Advice to ManagementAdvice

    .

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  7. 7 people found this helpful  

    Toxic culture... stay far, far away.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in San Francisco, CA
    Former Employee - Anonymous Employee in San Francisco, CA

    I worked at BlackRock as a contractor (more than an year)

    Pros

    Good compensation, convenient location. I'm sorry that nothing else positive comes to mind but I have to write a twenty word minimum.

    Cons

    BlackRock is constantly hiring because no one with marketable skills stays longer than a year or two. The culture is completely toxic. BlackRock has grown through mergers much too fast without paying any attention to culture and positive assimilation of acquired populations, so the factional infighting and blame-shifting is the worst I have ever seen. This place is just one giant back-stabbing, mud-slinging, food fight all the time. Stay far, far away if you are a creative, innovative, results-oriented person who likes to get things done. Deeply ingrown old-timers here make careers out of being an obstacle to block change to protect their own jobs - and it works.

    Advice to ManagementAdvice

    It's time to make some painful decisions about finishing functional consolidation and eliminating dysfunctional legacy populations that are working against the organization's goals.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8. 6 people found this helpful  

    Toxic environment for women and minorities

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Associate in San Francisco, CA
    Former Employee - Associate in San Francisco, CA

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

    Pros

    Good benefits, smart people, innovative for a financial company

    Cons

    Not a meritocracy. White males frequently promoted over higher achieving women and minorities- just look at senior leadership! Discrimination is rampant, and people spend more time gossiping than doing work.

    Advice to ManagementAdvice

    Promote smart people who work hard.

    Recommends
    Positive Outlook
    Approves of CEO
  9. 4 people found this helpful  

    BLK has been a horrible experience!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President in San Francisco, CA
    Former Employee - Vice President in San Francisco, CA

    I worked at BlackRock full-time (more than 8 years)

    Pros

    Smart people, but too conservative to really be a thought leader now.

    Cons

    No longer innovating, pushing active management junk on the market, trying to be everything to every client and at the same time paying literally no attention to the people that help make the business worth purchasing in the first place. If you stay there, you deserve each other.

    Advice to ManagementAdvice

    Fire yourselves. No one like you.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10. 1 person found this helpful  

    Sales Desk lacks Leadership- Toxic Environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Princeton, NJ
    Current Employee - Anonymous Employee in Princeton, NJ

    I have been working at BlackRock

    Pros

    Good benefits, Great peers to work with, ability to get designations

    Cons

    Lack of upward mobility, sales desk leadership provides toxic environment, turnover

    Advice to ManagementAdvice

    Integration with iShares has not been working. You'll continue to lose great employees because the sales desk leadership is clueless. There are way too many managers. Also, I'd advise candidates to look elsewhere while you interview with BlackRock. Pay has been coming down, bonuses are down.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  11. 7 people found this helpful  

    Worst corporate experience in my 13+ years within finance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Administrative Assistant in New York, NY
    Current Employee - Administrative Assistant in New York, NY

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

    Pros

    Other than benefits, there really isn't anything positive I can say about this company.

    Cons

    Lack of any real core management. Extremely political organization. Senior Managers act like high school students who gossip all day and speak badly about their staff. They often praise the slackers and chastise the hard workers which makes absolutely no sense. If you do not small talk with them you are interpreted as not being a team player. They have a "clique" formed and it's very clear they have favorites. Nothing is EVER kept confidential. Once you bring an issue to your dept HR rep they in turn call your manager immediately and gossip about the situation rather than actually representing HUMAN RESOURCES. They buddy up with your managers and are chummy to one another so you employees are either left to deal with the situation themselves by “leaving” or you are told to “develop a backbone”.

    I've heard things spoken about other employees within the dept that one should NEVER hear. But again, lack of confidentiality and real management. Since I've been here I've yet to meet someone that is truly happy or satisfied. Moral is extremely low as staff is overworked to the bones. I refuse for any job to make me feel like I should brown nose in order to get recognized. I'm a hard worker and a team player who efficiently works.

    This organization is completely unprofessional. The brand holds more weight than needed. Technology is not up to par due to the constant growth but I’d deal with slow technology than idiotic managers who seem to have no real experience.

    Advice to ManagementAdvice

    Take "how to be an efficient manager" courses.
    Learn how to be a leader and lead by example.
    Pay attention to your model employees and stop praising the slackers.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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