BlackRock Reviews

Updated April 7, 2015
126 reviews filtered by
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3.1
126 Reviews
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BlackRock Chairman and CEO Laurence D. Fink
Laurence D. Fink
91 Ratings

126 Employee Reviews

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

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

  2. Helpful (1)

    An incredible learning experience

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

    I worked at BlackRock

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    great place to learn a lot in a relatively short amount of time, lots of very experienced and qualified individuals

    Cons

    sometimes feels quite corporate, feels like you are taking time away from other employees when asking them questions

    Advice to Management

    create a more welcoming/relaxed atmosphere for inexperienced individuals

  3. Helpful (1)

    if you absolutely have to...

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

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  5. Helpful (1)

    Large firm with everything you want to do with asset management

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

    I worked at BlackRock

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

    Pros

    Benefits are good, people are overall smart and friendly

    Cons

    Pay is not that great and it's very political. Also high stress environment

    Advice to Management

    Instead of blindly growing the size of the firm, BLK needs to pay more attention to its people and culture.

  6. BlackRock is an industry leader with strong capabilities in many aspects of the asset management industry.

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

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

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    The breadth of product means we can truly be consultative to clients and don't have to push one product

    Cons

    The sheer size and complexity of the firm is daunting. Rapid pace of change and ever increasing expectations leads to frequent re-organizations.

    Advice to Management

    Stabilize the pace of change and while you invest in training management skills, hold your leaders responsible for actually putting them into practice. There are many managers in the firm that should not be leading teams.

  7. Good Work

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

    I have been working at BlackRock

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Challenging Work day to day

    Cons

    Large organization is difficult to navigate

  8. Summer Internship at Portfolio Analytics Group

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

    I have been working at BlackRock as an intern (Less than a year)

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    People are very nice. They tend to teach you a lot of things. And you get to learn a lot through speaker series etc

    Cons

    This group is kinda middle office, career path is a problem

  9. Helpful (8)

    Jury's Still Out

    • 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

    Neutral Outlook
    No opinion of CEO
    Neutral Outlook
    No opinion of CEO

    Pros

    1) Smart, friendly and talented employees. There are some incompetent people that need to be managed out, but that's been true at all firms where I've worked.
    2) Approachable senior management. I don't hold a position that will ever command any special treatment, but I don't find it difficult to get access to senior managers if/when I need it.
    3) Respect for diversity - at least in the San Francisco office. I can't speak for the other locations.
    4) Focus on community engagement. The San Francisco office is very civic-minded.
    5) Decent benefits. No, this isn't Salesforce or Google, but benefits aren't bad by any means.

    Cons

    1) Non-existent work-life balance. There are a handful of people who mysteriously manage to keep to an 8 hour schedule. For the rest of us, 12-hour days are more the norm. If you go out on vacation, expect a massive backlog upon your return.
    2) Average base salaries and unimpressive bonuses. Of course, this is all dependent on the function where you work. New hires all seem to be content with their comp packages, but over the course of 3-5 years you'll see minimal increases and may eventually find yourself below market.
    3) Dysfunctional promotion structure. If you're hired at the Analyst or Associate level there's still room for you to grow, although it will take longer than you might like. At the VP or Director level, further advancement will take years. The process is based upon the visibility of your business unit, political clout of your line manager, willingness of that line manager to advocate for you with higher-ups, and the perception of your role in NY HQ.
    4) Weak talent management/career development. Many managers have strong technical skills, but have no idea how to manage direct reports and help mentor them in their careers. Succession planning is also weak, which leads to external hiring over internal promotion.
    5) Continual pressure to achieve more with less. In the last couple of years the mantra has been "raising the bar", which is essentially code for assigning the maximum amount of work to as few people as possible.
    6) Highly political environment. Those who have been around a while can navigate the personalities, but if you're new to the firm you may be frustrated.

    Advice to Management

    Reward the strong performers for their work - otherwise someone else will. When top talent is siphoned away, those of us who are left are the ones who suffer.

  10. Helpful (1)

    Depends on the team...

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

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

    Recommends
    Recommends

    Pros

    Was proud to be part of the largest asset management firm in the world. It is relatively easy to move between groups, cities or relocate to other countries if you work hard and prove yourself worthy. Great to work with really talented people. The company matches donations and encourages volunteering.

    Cons

    Some groups are more equal than others - if you're a portfolio manager, you're treated like gold. If you work in IT, chances are there won't be a budget available for additional training and very limited opportunities for much-needed business travel. Having teams spread around the world in different timezones means that you're expected to attend meetings at weird hours, like 6am or 10pm.

  11. It's been very productive so far.

    • 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 8 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    The firm is involved in all sectors of the market so there is a excellent breadth of opportunities to be involved in.

    Cons

    The firm has grown in size and this becomes an issue. This makes it very hard to get noticed and it takes time to get anything kicked off the ground.

    Advice to Management

    Provide more opportunities for personal growth.

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