BlackRock Reviews

Updated August 27, 2014
Updated August 27, 2014
640 Reviews

3.4
640 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
BlackRock Chairman and CEO Laurence D. Fink
Laurence D. Fink
465 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. 3 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

    I have been working at BlackRock

    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.  

    Associate

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

    I have been working at BlackRock full-time

    Pros

    Good place to start your career

    Cons

    Need more mobility to grow

    Recommends
    Neutral Outlook
    Approves of CEO
  3. 1 person found this helpful  

    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

    I worked at BlackRock full-time for more than 3 years

    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
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  5.  

    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

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

    Pros

    Great brand, smart people, challenging work

    Cons

    Work/life balance is tilted towards

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    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

    I have been working at BlackRock full-time for less than a year

    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
  7.  

    Summary of Reviews - SF Tech

    • 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 for more than 3 years

    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 ManagementAdvice

    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.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  8.  

    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

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

    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
  9.  

    Mixed - smart people but absolutely no middle/senior management

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

    I worked at BlackRock full-time for more than 3 years

    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 ManagementAdvice

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

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  10. 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

    I worked at BlackRock as an intern for less than a year

    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
  11.  

    They took the soul out of iShares.

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

    I worked at BlackRock as a contractor for more than a year

    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

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