BlackRock

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BlackRock Reviews in San Francisco, CA

Updated Jun 11, 2014
All Employees Current Employees Only

3.0 104 reviews

85% Approve of the CEO

BlackRock Chairman and CEO Laurence D. Fink

Laurence D. Fink

(78 ratings)

27% 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)

More Highlights
14 Employee Reviews Back to all reviews
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • 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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    • 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

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    • Disapproves of CEO

    3 people found this helpful  

    BGI BlackRock Legacy gone awry

    BDO (Former Employee) San Francisco, CA

    ProsGood for your resume. That is about it.

    ConsThey 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 Senior ManagementPay 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?

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

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    • Career Opportunities
    • Disapproves of CEO

    8 people found this helpful  

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

    Quantitative Analyst (Former Employee) San Francisco, CA

    ProsLooks 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 Senior ManagementLeave. All you do is get in the way of people that make contributions.

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

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    • Disapproves of CEO

    4 people found this helpful  

    Senior Management Disconnected from their "Subordinates"

    Anonymous Employee (Current Employee) San Francisco, CA

    ProsIf 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.

    ConsTheir 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 Senior ManagementTake some extra time and greet your employees and perhaps try to learn their names.

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    3 people found this helpful  

    Better be thick skinned and like to be abused

    Anonymous Employee (Current Employee) San Francisco, CA

    ProsThe 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

    Cons50% 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 Senior ManagementTake 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.

    No, I would not recommend this company to a friend

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    • Disapproves of CEO

    3 people found this helpful  

    Really unpleasant place to work

    Director (Current Employee) San Francisco, CA

    Pros- Good benefits and decent compensation
    - Some opportunties for travel to interesting cities such as New York and London
    - That's it

    Cons- All of the decision making is centralized in New York, with people in other regions marginalized.
    - The old BGI resources are underutilized and in many cases demoted
    - Morale is low, with the majority of resources actively looking for other jobs
    - The people who are being laid off are happier than the people looking for jobs

    Advice to Senior ManagementFigure out how to leverage the talent you inherited from BGI. Look for ways to increase morale to prevent a mass exodus of resources

    No, I would not recommend this company to a friend

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