BlackRock

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BlackRock Reviews

Updated August 19, 2014
Updated August 19, 2014
633 Reviews

3.4
633 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
BlackRock Chairman and CEO Laurence D. Fink
Laurence D. Fink
459 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

Employee Reviews

Sort: Popular Rating Date
  1. 2 people found this helpful  

    Very driven for success, can be tough, but recognizes effort

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

    Pros

    Good salary, benefits, training, attention to employee comforts. Fast rising culture if you aren't adverse to change of job function or location. Bonuses commeasurate with effort.

    Cons

    As a leading finance company, results dominate culture. Sometimes you can disappear among the work. Can be diificult to be expected to be independent and yet accountable. 110‰ is the minimum expected effort, can be frustrating. Work life balance can be tough. Bare employee space, can be on top of your neighbor's desk.

    Advice to ManagementAdvice

    Be careful of burning people out, there is a high rate of turnover.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Not BGI, which was a wonderful company to work for.

    • 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

    Pros

    Money, but not as lucrative as BGI. With the acquisition, came a brain drain, so the NY bankers weren't equipped to deal with the market changes.

    Cons

    Everything else, such as a lack of leadership, transparency, interest in the local office, and the brain drain.

    Advice to ManagementAdvice

    If you can't or won't be transparent, at least say that rather than completely lying to your employees. This was true all the way to the top, including Larry Fink. Guess the name should have warned us.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3.  

    Great place to work

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

    Pros

    Great brand, smart people, challenging work

    Cons

    Work/life balance is tilted towards

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Great place to learn

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

    Pros

    Great opportunities to get involved, 'nice' people--everyone is willing to help you learn. Diverse work, and plenty of opportunities to develop marketable skills. Great firm culture. Pretty good hours. Solid training program.

    Cons

    Bureaucracy and size of the firm. Can be tough to find information that you need. Can be tough to communicate with people at times. Micromanagement.

    Advice to ManagementAdvice

    Focus on returning to what the firm has done well in the past rather than trying to implement new methods just because they are popular.
    Offer more competitive benefits and salary to retain young talent.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Amazing on the business side, not so much on the tech side

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

    Pros

    Excellent salaries when compared to its own and other industries; incredibly smart people; understand and solve the business problems well; great work life balance

    Cons

    On the tech side, there is a very low standard for quality... instead they want things done as fast as possible;

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    They took the soul out of iShares.

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

    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
  8. 1 person found this helpful  

    Interesting job, limited growth potential, depressed personnel

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Risk and Quantitative Analyst  in  New York, NY
    Former Employee - Risk and Quantitative Analyst in New York, NY

    Pros

    Nice office, good direct manager, good benefits

    Cons

    port work-life balance, poor compensation for analyst/associate level employees, limited growth opportunities

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  9.  

    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

    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
  10.  

    A great firm with challenging work, smart co-workers, good pay

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

    Pros

    BlackRock hires at the best schools, exposes its employees to real issues for solution and will pay well for performance. The national and global footprint provides the potential for some interesting transfer locations.

    Cons

    Much too much time in meetings/video-conferences!
    Then manager personality and non-business issues intrude into these meetings, leading to a reluctance to speak up and contribute to the "crowd-sourcing" that is supposed to be the point to the number of meeting participants to begin with.

    Advice to ManagementAdvice

    Develop internal management talent rather than hire senior managers sometime.
    It is time for some of the original founders to move on to allow for the growth of a more professional managerial culture.

  11.  

    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

    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

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