BlackRock Reviews

Updated June 15, 2015
34 reviews filtered by
  • San Francisco, CA Area
  • Any Job Title
  • Any Status
Employment Status

Reset
2.0
Rating Trends
Recommend to a friend
Approve of CEO
BlackRock Chairman and CEO Laurence D. Fink
Laurence D. Fink
25 Ratings

Pros
  • Work life balance is good (dependent on department) (in 50 reviews)

  • Very smart people but mostly young in their 30's (in 52 reviews)

Cons
  • Not a great sense of work/life balance (in 71 reviews)

  • Can be long hours but fairly compensated for them (in 50 reviews)

More Pros and Cons

34 Employee Reviews

Sort: Popular Rating Date
  1. Helpful (4)

    Finally relieved

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

    I worked at BlackRock

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Free coffee, flexible timings, good amount of time for vacation.

    Cons

    I took the courage of being good and worked many after hours with the aim of getting a good year end bonus. In the mid year, I realized that my juniors were making higher salary than myself. Tried negotiating and when realized that nothing can be done now, I took extreme step of resigning immediately.

    Advice to Management

    Thank you for hiring me, but I have delivered manifold times more than you have ever paid me. I just wish you best.


  2. Great Place to work, if you're willing to play the game...

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

    I worked at BlackRock as a contractor (Less than a year)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Great place to learn and grow. Plenty of room to maneuver a full-time career in IT. Not on cutting edge, but has a wide birth of technology.

    Cons

    You have to be willing to conform and play the game. Seeing something needs to change, however, it cannot be changed unless upper management comes up with the idea for change. Otherwise, you're stuck doing the same antiquated procedures for 5 years ago.

    Advice to Management

    Listen to the minions, those in the trenches have a better understanding of the company as a whole. Rather than the high level view from above.


  3. Helpful (1)

    if you absolutely have to...

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

    I worked at BlackRock full-time (More than 5 years)

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    a lot of smart people; somewhat interesting and challenging projects

    Cons

    a culture of constant re-org (every 3-4 months in my experience); very political; flat salaries year over year combined with a sizable annual bonus to retain people


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (1)

    Summary of Reviews - SF Tech

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    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 Management

    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.


  6. Helpful (4)

    Mixed - smart people but absolutely no middle/senior management

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    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 Management

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


  7. They took the soul out of iShares.

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

    I worked at BlackRock as a contractor (More than a year)

    Doesn't Recommend
    Doesn't Recommend

    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.


  8. Helpful (4)

    BlackRock

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    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 Management

    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.


  9. Helpful (4)

    Dissatisfied with company politics and no growth

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

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

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    Pros

    Cannot think of any opportunities for growth, though the work-life balance is okay.

    Cons

    The company does not value its employees. There is subtle discrimination among employees. No transparency from the upper management. Promotions are all politically driven.


  10. Helpful (1)

    disappointing

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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 5 years)

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    Pros

    great people, great potential, LBGT friendly

    Cons

    flawed execution and management, misaligned compensation

    Advice to Management

    either don't hire smart people or use the skills you buy, but don't make smart people sit and watch you all figure it out


  11. Helpful (3)

    Bad Days at BlackRock

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

    I worked at BlackRock as a contractor (Less than a year)

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

    Pros

    Gorgeous offices, great (if confusing) technology

    Cons

    No privacy, everyone sits at long tables. People are unfriendly to newcomers. Their technology systems are staggerly complex, and it often takes more than a week to get a phone set up, have a simple distribution list created and gain access to their travel and expense system. They also tend to hire contract employees, some of whom have been there for years.

    Advice to Management

    I would keep a close eye on your managers. The way people are treated is very unkind.



Showing 34 of 844 reviews
Reset Filters
RSS Feed </> Embed

Your response will be removed from the review – this cannot be undone.