BlackRock

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BlackRock Reviews

Updated Jun 11, 2014
All Employees Current Employees Only

3.2 600 reviews

83% Approve of the CEO

BlackRock Chairman and CEO Laurence D. Fink

Laurence D. Fink

(435 ratings)

62% 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)

60 Employee Reviews Back to all reviews
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
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    • Career Opportunities
    • Disapproves of CEO

    3 people found this helpful  

    Happy to be outta there

    Executive Assistant (Former Employee) San Francisco, CA

    ProsLooks good on a resume

    ConsNo humanity. Cold. Too big.

    Advice to Senior Management.

    No, I would not recommend this company to a friend

    • Culture & Values
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    • Disapproves of CEO

    4 people found this helpful  

    Toxic culture... stay far, far away.

    Anonymous Employee (Former Employee) San Francisco, CA

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

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

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

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    • Approves of CEO

    3 people found this helpful  

    Toxic environment for women and minorities

    Associate (Former Employee) San Francisco, CA

    ProsGood benefits, smart people, innovative for a financial company

    ConsNot 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 Senior ManagementPromote smart people who work hard.

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

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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    4 people found this helpful  

    BLK has been a horrible experience!

    Vice President (Former Employee) San Francisco, CA

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

    ConsNo 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 Senior ManagementFire yourselves. No one like you.

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

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    1 person found this helpful  

    Sales Desk lacks Leadership- Toxic Environment

    (Current Employee) Princeton, NJ

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

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

    Advice to Senior ManagementIntegration 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.

    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

    5 people found this helpful  

    Worst corporate experience in my 13+ years within finance

    Administrative Assistant (Current Employee) New York, NY

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

    ConsLack 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 Senior ManagementTake "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.

    No, I would not recommend this company to a friend

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    3 people found this helpful  

    really bad culture

    Anonymous Employee (Former Employee)

    Prosglobal footprint may be a plus

    Consreally bad, top heavy management.

    No, I would not recommend this company to a friend

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    • Disapproves of CEO

    4 people found this helpful  

    If your about face time, incompetence, and politics...left firm for significantly less branded firm and got better pay!

    Anonymous Employee (Former Employee) San Francisco, CA

    ProsBrand, brand, brand...and well, brand.

    ConsEverything else...firm has very generic products that it touts as 'unique', the promotion process is based on weekend golf trips, and no real clear career path, mostly dogmatic middle management and quite frankly, your skills atrophy

    Advice to Senior ManagementQuit promoting based on who you hang out with outside of work or who reminds you of you, look at actual delivery (fairly simple concept right?), and don't assume facetime = productivity...the more senior the less production, generally speaking anything VP onwards indicates nothing

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

    • Culture & Values
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    • Senior Management
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    • No Opinion of CEO

    5 people found this helpful  

    Terrible Experience

    Portfolio Analyst (Current Employee) Wilmington, DE

    ProsWork/life balance is probably the only thing good -- but that does depend on your manager. Also depends on whether you have a child or not.

    ConsI came to this company thinking what a wonderful and reputable company it is. I even moved to Wilmington, DE from New York! I am very disappointed with my experiences for serveral reasons: (1) I have been here for 3 years and am making a minimal salary that barely covers the cost of living here. I know people with various companies in Wilminton making almost double of what I earn. Not to mention -- people coming into the company out of college as entry levels are earning more than what I am earning after 3 years of working here! How can you not adjust old employee salaries? (2) Management is horrendous. They do not recognize you or give you credit for any work that you do. (3) Internal mobility -- forget about it. If you think you can get another job within the company -- you are dreaming. (4) Promotion process sucks -- it isn't dependant on how hard you work or how much you know -- it is all dependant on how many years you have been here. The list can go on. Biggest disappointment -- I cannot wait to leave. I would never recommend anybody working here. Not to mention the retention rate is very low

    Advice to Senior Management(1) Pay your employees more -- we work very hard to make you look good. (2) Stop with the politics. (3) Give us some credit. (4) Don't make us sit in on meetings about how time spent doesn't matter for promotions when that is all that matters. (5) Operations is where you learn every aspect of the company -- try to understand that and give us a chance in a new position -- we can probably outshine you.

    No, I would not recommend this company to a friend

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    • Approves of CEO

    3 people found this helpful  

    Very "Politics" driven

    Vice President (Former Employee) Wilmington, DE

    ProsThey are a good company to learn a great deal of detail from. You will also likely move through several groups on your way up the corporate ladder.

    ConsAt the first sign of trouble all those "great" people turn in to ruthless politicians.

    Advice to Senior ManagementSupport your staff.

    No, I would not recommend this company to a friend

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