BlackRock Reviews in San Francisco, CA

Updated September 5, 2014
Updated September 5, 2014
630 Reviews
3.3
630 Reviews
Rating Trends

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

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)

More Highlights

15 Employee Reviews Back to all reviews

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  1. 1 person 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
  2. 3 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 for more than a year

    Pros

    Looks good on a resume

    Cons

    No humanity. Cold. Too big.

    Advice to ManagementAdvice

    .

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  3. 5 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 for more than a 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
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  5. 3 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 for 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
  6. 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 for 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
  7. 4 people found this helpful  

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

    • 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 full-time for more than 10 years

    Pros

    Brand, brand, brand...and well, brand.

    Cons

    Everything 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 ManagementAdvice

    Quit 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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8. 3 people found this helpful  

    BGI BlackRock Legacy gone awry

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

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

    Pros

    Good for your resume. That is about it.

    Cons

    They seem not to value the people who really created a great business. Poor work life balance. Far too much politics and far too many people with non-client facing, non-essential roles.

    Advice to ManagementAdvice

    Pay some actual attention to your team, you are losing great people for petty reasons, which reflects poorly on the entire firm. I have been promoted twice at a new firm I joined 2 years ago, so what is it they see that BR didn't?

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9. 9 people found this helpful  

    BlackRock staunches innovation, prevents growth, gift wraps everything in red tape. Don't work here.

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

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

    Pros

    Looks good on resume (no idea why)

    Cons

    - Horribly behind on IT
    - Very little innovation
    - Everything politically challenged/ego driven
    - Assembly line org charts (internally called laughing squid model where one person who manages one person who manages one person who manages one person who manages one person)
    - No transparency on compensation, promotions, ratings, business model, nothing.
    - Killed all the reasons why people joined BGI.

    Advice to ManagementAdvice

    Leave. All you do is get in the way of people that make contributions.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10. 4 people found this helpful  

    Senior Management Disconnected from their "Subordinates"

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

    I have been working at BlackRock

    Pros

    If you're looking for a place to start in the financial industry, this is a good place as you can start at the bottom and work really hard to find your way up. Their analyst program seems to be pretty good.

    Cons

    Their analyst program works well because they're hiring newly graduated college students. This way they can train their employees to learn the way it should be from the beginning. They'll have no other experience to compare so they won't know how bad the work environment can be. They prefer to produce with lean resources to make sure that Larry Fink will get his several million dollary salary and bonuses. Senior management only talks amongst themselves and then perhaps they'll take some feedback from the "subordinates" they favor most. Even if you do get promoted, there is no guarantee there is a raise because that will take away from the senior managements pay raise and bonuses.

    Advice to ManagementAdvice

    Take some extra time and greet your employees and perhaps try to learn their names.

    Doesn't Recommend
    Disapproves of CEO
  11. 3 people found this helpful  

    Better be thick skinned and like to be abused

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

    I have been working at BlackRock

    Pros

    The pay if fair but nothing to brag about
    The benefits are ok but are just shy of being a real benefit
    Larry Fink is great

    Cons

    50% of your time will be spent covering second guessing your job
    Lack of respect
    Lack of trust
    Mid management is always attacking people
    The biggest con? Why doesn't the rest of the mid management act like Larry Fink?

    Advice to ManagementAdvice

    Take a few classes in employee empowerment and stop second quessing your employees who would be more effective if they did not have to explain to you why "you" are not satisfied. Act like Larry Fink, be more down to earth allow for risks and mistakes and show respect for people.

    Doesn't Recommend
    Approves of CEO

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