BlackRock
3.2 of 5 555 reviews
www.blackrock.com New York, NY 5000+ Employees

BlackRock Reviews

Updated Dec 21, 2013
All Employees Current Employees Only

3.2 555 reviews

                             

84% Approve of the CEO

BlackRock Chairman and CEO Laurence D. Fink

Laurence D. Fink

(406 ratings)

61% of employees recommend this company to a friend
55 Employee Reviews Back to all reviews
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1 person found this helpful  

Sales Desk lacks Leadership- Toxic Environment

Anonymous Employee (Current Employee)
Princeton, NJ

I have been working at BlackRock

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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3 people found this helpful  

BLK has been a horrible experience!

Vice President (Former Employee)
San Francisco, CA

I worked at BlackRock full-time for more than 8 years

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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4 people found this helpful  

Worst corporate experience in my 13+ years within finance

Administrative Assistant (Current Employee)
New York, NY

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

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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2 people found this helpful  

really bad culture

Anonymous Employee (Former Employee)

I worked at BlackRock

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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3 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

I worked at BlackRock full-time for more than 10 years

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

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5 people found this helpful  

Terrible Experience

Portfolio Analyst (Current Employee)
Wilmington, DE

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

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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3 people found this helpful  

Very "Politics" driven

Vice President (Former Employee)
Wilmington, DE

I worked at BlackRock full-time for more than 5 years

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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9 people found this helpful  

Blackrock AKA Burnout

Anonymous Employee (Former Employee)
New York, NY

I worked at BlackRock full-time for more than 3 years

Pros- large firm with a good "street" reputation.
- compensation is just above average
- there are a few gem employees who are stellar. Seek out these staffers and align yourself.

Cons- be prepared to work yourself to death with very long hours (expect 10-14 hour days) and job volume that normally 2-3 employees would take on.

-expect to cancel your planned vacations. Pre Departure expect to work "extra" hours. Re-entry - same deal - you'll have to catch up on so much work. Relaxed? You won't be for long.

- if you want any type of work life balance rethink your idea to join this firm. It's very difficult to leave at end of day without being viewed as a slacker (even if it's been a 12 hr day for you), much less to leave the office for a dr appointment, child school event, looking for an apartment, running an errand at lunch - all impossible.

- during my time there I never met anyone who was "happy" or "satisfied". Moral is low as staff is so overworked. As a result of current job market - many remain longer than they want due to lack of alternative opportunities.

- transfers b/w departments (regardless of your role) was rarely successful or beneficial to both parties. Mostly used as an exit ramp for the employee.

- management levels are thick and multiple.

- re-creation of the wheel is a weekly process.

- the infrastructure of the firm has not grown with the firm in order to now support 5000+ employees

- many simple transactions take a long time due to multiple layers of mngt and lack of up to date infrastructure

- senior management does not treat their direct staff well. There is a trickle down effect as a result.

- HR dept is a nightmare to deal w/ re: new hires, benefit issues. Simply dysfunctional due to heavy turnover.

- don't expect praise. I once received a small gift (chocolates) from a senior manager who I had helped significantly w/ a project. The giving of this gift was seen by our department head. Within the hour the senior manager was chastised by the dept head office. "We don't do that here"... Senior manager was purposely embarrassed publicly and never provided praise again.

- there are some great, talented, bright employees who could really make a difference. Few succeed. Most are burnt out quickly looking for an exit.

- there are too many "deadwood" employees who are ineffective lumps that simply gave up at some point. Management & HR does little to off load these staffers.

- compensation was just above average. Bonus discussions went like this w/ managers "I have your comp number here but before we discuss that let's talk about what I need from you going forward" - insert project laundry list of huge tasks you'll now have to incorporate into your already overloaded plate.

- once you decided to leave the firm and resign you'll be publicly labeled a "non-performer" by management (regardless of your tenure or performance). Management and HR can't comprehend "could it be us?"

Advice to Senior Management- treat your staff better. This comes from senior managers, exec office and founders. Other staff follow your example.
- don't ask your employees to do non work related things (especially when office workload is over the top)
- ask your employees about their workload "is it manageable?" If not - fix it.
- get rid of the deadwood. Those staffers are dragging you down and making good employees exit.
- stop senior management from promoting (in office) their own charities (many w/ religious focus). It's not appropriate under any circumstances in the office to ask employees to donate to X religious fund.
- totally revamp HR. The system isn't working.

No, I would not recommend this company to a friend

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5 people found this helpful  

Never again

Anonymous Employee (Former Employee)

I worked at BlackRock full-time for more than 5 years

ProsBenefits are good (time-off, flexible work arrangements, etc.)
Locations (world-wide)

ConsBureaucracy, red-tape, lack of communication, intracompany politics

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

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Hypocritical Management

Data Center Engineer (Former Employee)
Boston, MA

I worked at BlackRock as a contractor for less than a year

ProsGood work-life balance
Reasonable workload
Company has a good reputation, which is a good resume builder
Contractors are well paid

ConsShortsighted management ends contracts with otherwise needed contracted employees to make their budget's look better when proposing new plans. Then management cowardly hides behind excuses like "employee was surfing the internet during downtime" even though salary employees at the same time do the exact same thing. Inevitably, management ends up by hiring new contractors in a few months for the same job.

Advice to Senior ManagementBurning bridges with contractors is an excellent way endanger your reputation. They are exposed to several areas of key information that your competitors would love to have. All it takes in one person to tell Morgan Stanley where key facilities are located or new strategies and you have a mess to clean up. Treat people with respect and it will be returned. If you don't, be prepared to pay your risk management teams to clean up after the fall out.

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

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Glassdoor is your free inside look at BlackRock reviews and ratings — including employee satisfaction and approval rating for BlackRock CEO Laurence D. Fink. All 55 reviews posted anonymously by BlackRock employees.