BlackRock Reviews in San Francisco, CA

Updated October 14, 2014
Updated October 14, 2014
650 Reviews
3.3
650 Reviews
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BlackRock Chairman and CEO Laurence D. Fink
Laurence D. Fink
463 Ratings

Review Highlights

Pros
  • Career progression, good management & the company embraces work life balance (in 48 reviews)

  • these are very smart people with tremendous resources spread across the globe (in 51 reviews)


Cons
  • I can tell from the analysts I worked with that work-life balance was not great (in 68 reviews)

  • Very long hours, if you are not an investor you're kind of second class (in 48 reviews)

More Highlights

27 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Great place to work if you can handle stress!!

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

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

    Pros

    Great Training and responsibility for those who are ready to accept challenges. BlackRock name is tops in the industry.

    Cons

    At times it can be a very stressful environment, must be able to complete assignments quickly with very little guidance at times.

    Advice to ManagementAdvice

    Compensation is fair, company does provide excellent training opportunities that offer chances for advancement.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Too big ...

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

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

    Pros

    Lot of information on different financial markets.
    Strong company values.
    Customers are always first
    Strong culture on training
    Steady promotions at the junior level

    Cons

    Diificult to grow here from a career perspective
    Too many internal businesses competing with each other for the same client assets.
    Promotions at higher levels are more driven by politics and whom you know

    Advice to ManagementAdvice

    Cull senior staff who do not increase revenues.
    Don't just rotate out juniors.

    Recommends
    Neutral Outlook
    Approves of CEO
  3.  

    Good company; need to eliminate red tape

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

    I have been working at BlackRock full-time (more than an year)

    Pros

    Work life balance, good location, opportunities to learn

    Cons

    Can't get promoted easily, managers cannot manage.

    Advice to ManagementAdvice

    Treat everyone as you would be treated.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5.  

    Good place to cut your teeth, not a great place to grow

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

    I worked at BlackRock full-time (more than 8 years)

    Pros

    Global name, vast product exposure, global network of some really great people

    Cons

    Rigid promotional structures, slow moving to changes in careers and there are a lot of people in managerial positions who shouldn't be there. The performance management system is unclear and support of HR is squarely with the firm and not the employee.

    Advice to ManagementAdvice

    The culture clash between BLK and BGI is still apparent and has never really been dealt with well properly.

    Recommends
    Neutral Outlook
    Approves of CEO
  6. 3 people found this helpful  

    Good lessons in corporate politics

    • 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 10 years)

    Pros

    Competitive compensation package, great company reputation, excellent on resume.

    Cons

    Disadvantaged working from west coast. NY and NJ offices get face time with senior management, get recognized, get promoted faster. Much easier to get hired in at a higher-than-deserved level than to get promoted from within. Mid management gets complacent, knowing they can't rise to next level, then they anchor themselves down as permanent roadblocks for their teams.

    Advice to ManagementAdvice

    Stop the lies about making management a priority. If you truly believe that, then implement 360-degree reviews. There is too much crap at the Director level, and the only way to improve the culture is by forcing them to care about career development for their team members.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  7. 4 people found this helpful  

    It was good while it lasted...

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

    I have been working at BlackRock full-time (more than 10 years)

    Pros

    Dedicated people, great compensation and good fiduciary values.

    Cons

    Culture has eroded from collaborative to an 'every man for himself' approach. This has dampened innovation and risk taking to the point that I believe they will have trouble continuing to grow the business.

    Advice to ManagementAdvice

    You are wasting a lot of your talent. Stop focusing so much on the old boys club and recognize the diverse talent that exists throughout the firm. Dial down the emphasis on face time.

    Recommends
    Neutral Outlook
    No opinion of CEO
  8.  

    Decent place to work

    • 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 5 years)

    Pros

    Well managed ship for its size. Good brand value. A number of talented folks in the firm

    Cons

    Top heavy organization with limited opportunities for career growth. Poor technology

    Advice to ManagementAdvice

    We're not innovators. Let's be clear about that

    Recommends
    Neutral Outlook
  9.  

    Good work/life balance but culture is stale and paper pushing runs rampant

    • 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 (more than 3 years)

    Pros

    Good name on resume
    Great work life balance (8-5 easily)
    Nice coworkers, smart people
    If your main concern is collecting a paycheck and coasting, you've hit the jackpot
    Decent pay to start (significant pay increases seem to be rare/impossible once you're there
    Definitely not a terrible place to work

    Cons

    Depends greatly on your division but there is a lot of dissatisfaction at the company now (and has been for years). Not meritocratic - at least at the VP/Associate level. I see teams that are overstaffed with people who seem to spend most of their time on busy work or twiddling their thumbs in an effort to look like they're adding value. My biggest personal complaint at the Associate level is that I haven't had opportunities to challenge myself or expand my professional skills in a meaningful way. Career growth is definitely possible but it's all about networking. Clearly, networking should be a portion of a good career growth strategy, but it shouldn't be the only thing (in my opinion). If you're looking for an opportunity to develop professional skills and feel like you're making a real contribution (not just pushing paper), I'd be quite careful in accepting a job in the SF office. The company claims loudly to encourage internal promotion but it's simply not the case. Open positions are overwhelmingly filled by overqualified candidates, often from the outside. The result is a workplace where employees in many divisions aren't provided with any real career opportunity besides using the BLK name to find a better gig.

    Advice to ManagementAdvice

    Encourage internal promotion (for real). Get to know something about what's going on beneath you. You should know what your direct reports (and their teams) are actually doing on a day-to-day basis. Many don't.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  10.  

    Great name, but limited upward mobility.

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

    I have been working at BlackRock full-time (more than an year)

    Pros

    Largest investment manager by asset in the world

    Cons

    Highly limited upward mobility
    Management keen to cut down cost

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    top company, but increasingly bureaucratic...

    • 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 10 years)

    Pros

    BlackRock is a well respected company, a true leader in the industry. Upper management appears to care about employees and takes feedback seriously. The company attracts fantastic talent.

    Cons

    It has become a more and more bureaucratic place to work at. There are very frequent structural reorganizations which can be exhausting.

    Recommends
    Neutral Outlook
    Approves of CEO

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