BlackRock

  www.blackrock.com
  www.blackrock.com

BlackRock Reviews

Updated December 16, 2014
Updated December 16, 2014
682 Reviews
3.3
682 Reviews
Rating Trends

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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

123 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    good firm with good reputation, but salary too low

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

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

    Pros

    big firm with a lot of exposures to learn, culture is good, people are really nice and willing to help out

    Cons

    not very clear of the growth potential, and salary doesn't go up, kinda flat year over year

    Advice to ManagementAdvice

    increase the pay to the juniors and people who grow internally in the firm, at least match the street standard! also, should promote more opportunities for internal transfer

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  2. 1 person found this helpful  

    Politics Politics Politics...

    • 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 5 years)

    Pros

    Great place to learn, well respected firm but do not expect a long term career there, shareholders are much more important than employees.

    Cons

    If you are a good politician you will succeed at BlackRock, if you are interested in putting your head down and working hard you are in the wrong place. You will continually see people promoted who kiss up and deliver zero value. If you have a contrasting point of view from management, don't speak up unless you are looking to be ostracized.

    Pay is terrible compared to the rest of the street, they are well aware of a strong perception outside the walls and won't think twice about reminding you that someone will take your seat if you don't want it.

    Advice to ManagementAdvice

    Focus on the individual and work with rising stars to make them better. Every single day you work there you will see talented people leave the firm. It was amazing to watch highly effective people leave the firm and be much happier elsewhere.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3.  

    Top investment management company

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at BlackRock

    Pros

    Well respected financial giant in the industry

    Cons

    Too many politics within and across groups. Too top heavy.

    Advice to ManagementAdvice

    There are too many management directors in some groups, it is structurally inefficient and lack of career growth opportunities.

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  5.  

    Good Company, but no growth opportunity

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

    I have been working at BlackRock full-time (more than 5 years)

    Pros

    Business is run very well. Lots of talented people.

    Cons

    Does not promote healthy work life balance.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  6. 1 person found this helpful  

    Worst Company in the Financial Services

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

    I worked at BlackRock as an intern (less than an year)

    Pros

    Reputation, and that's about it.

    Cons

    Fake, Uncultured, Incompetent People & Worst HR Process

    Advice to ManagementAdvice

    Stop pretending to be better than a bank because even banks have a better culture and work life balance than this company.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  7. 1 person found this helpful  

    Good hours, nice people, but just a job not career

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at BlackRock full-time

    Pros

    Hours are great, people are nice, $ per effort is ok, benefits could be considered as good for some people - for married people, maternal paternal leaves are great

    Cons

    No good perks like tech firm, chill but upside is limited, too much bureaucracy, top heavy

    Advice to ManagementAdvice

    This company is no longer a rising star - you gotta be more innovative to stay on the top for long

  8. 3 people found this helpful  

    Mixed - smart people but absolutely no middle/senior management

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

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

    Pros

    Smart people, committed and dedicated. A lot of teamwork and cooperation. Perhaps not as political as some other financial companies.

    Cons

    Absolutely no management whatsoever; not even the first principles of management are applied. Several managers are just whimsical and survive only because of their length of stay at the company. Constant shifting of direction based on whims and moods of senior management contributes to a fairly low morale.

    Advice to ManagementAdvice

    Invest in some serious management training to make it less whimsical and personality oriented.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  9.  

    Summary of Reviews - SF Tech

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

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

    Pros

    This will summarize the reviews here, also taking into account the results of the employee survey. It is from an SF tech perspective, but captures the general consensus. If you want to work here, ask pertinent questions to get at the heart of the pros/cons.

    1) Total compensation is OK, but base is below market. Base salary doesn't move (4 years running with "exceeds expectations" manager reviews).
    2) CEO is a leader in the field and well respected.
    3) Benefits are good.
    4) Work/life balance is good.
    5) Respected financial company with a diverse range of products.

    Cons

    1) Decisions are driven from NY. SF is a satellite office, even though there is superior technical talent. Management will tell you otherwise, but that is how it is.
    2) Your experience will largely depend on what group you are in and where your group is located. If you work in SF, be part of an SF-based group. Many groups are remote, resulting in lots of phone calls. What could be accomplished in minutes takes hours.
    3) Most MDs are in NY, so you get limited face-time if you are working on the west coast. They generally don't know what you are working on and what skills you bring to the table. If you can sit with them in their office, you have a huge advantage (i.e., if you are located on the east coast).
    4) Career growth is limited. Promotions are based on your relationship with your MD (and your manager), not technical skill. I've seen tech people with years of schooling and experience stagnate, while biz people with soft skills (i.e., anyone could pick up at work) get promoted. Although the company prides itself on being technology-oriented, technical people are second-class citizens. Any biz school grad with the same skills/knowledge/drive as a tech grad will be 1-2 steps ahead in the hierarchy.
    5) Speed is rewarded over quality. New projects pop up continually and are pushed out without spending the proper time designing solutions. Technical debt is knee-deep.
    6) Project management is seriously lacking. Managers tend to think up their own methodologies rather than studying best-practices in the industry.
    7) Lots of talk about innovation, but years behind tech companies.
    8) Tons of context switching. Interruptions are constant.

    Advice to ManagementAdvice

    Understand what your people know and what skills they bring to the company. Take advantage of SF and the technical ability it provides. If you are serious about innovation, understand what it means and do what other financial companies do and open an innovation center. Take risks and accept a degree of failure. Consolidate your teams geographically (i.e., the entire group, top to bottom) to gain efficiency.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  10. 3 people found this helpful  

    BlackRock

    • 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 3 years)

    Pros

    Not a lot to say about pros. Nice office (because they bought Barclays Global Investors).

    Cons

    Lots of cons: boiler room environment where they'll work you long hours with little perks, management has cheap mentality even when company is hugely profitable, almost everyone worships (or appear to worship) Larry Fink (CEO) - in some meetings there's a poster of Larry Fink, which reminds me the North Korean dictator. They might have a good reputation of being the biggest asset manager but it's an awful place to work . Arrogant people - they think they're the best even though they're far from it.

    Advice to ManagementAdvice

    Management will lie through their teeth telling you things you want to hear (e.g. they care about people, etc.) but they'll let you go and won't even acknowledge it. It seems there's always restructuring, I think it's just their excuse to let people go. There must be a better way to make a living than working for this company.

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
  11.  

    They took the soul out of iShares.

    Former Employee - E-Business in San Francisco, CA
    Former Employee - E-Business in San Francisco, CA

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

    Pros

    Depends on the group you are in. Better to be in headquarters in New Jersey where the seat of power is.

    Cons

    Not creative, very hierarchal. Everything dictated out of the New Jersey HQ. California people are just puppets.

    Doesn't Recommend

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