BlackRock

  www.blackrock.com
  www.blackrock.com

BlackRock Reviews in San Francisco, CA

Updated December 12, 2014
Updated December 12, 2014
679 Reviews
3.4
679 Reviews
Rating Trends

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

Review Highlights

Pros
  • Management cares about work life balance and actively seeks ways to improve it (in 50 reviews)

  • these are very smart people with tremendous resources spread across the globe (in 52 reviews)


Cons
  • I can tell from the analysts I worked with that work-life balance was not great (in 71 reviews)

  • Very long hours, if you are not an investor you're kind of second class (in 50 reviews)

More Highlights

123 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  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

    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 ManagementAdvice

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

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    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)

    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 ManagementAdvice

    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.

    Recommends
    Positive Outlook
  3.  

    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

    Pros

    Challenging Work day to day

    Cons

    Large organization is difficult to navigate

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Summer Internship at Portfolio Analytics Group

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

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

    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

    Recommends
    Positive Outlook
    No opinion of CEO
  6. 3 people found this helpful  

    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

    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 ManagementAdvice

    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.

    Neutral Outlook
    No opinion of CEO
  7.  

    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)

    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.

    Recommends
  8.  

    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)

    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 ManagementAdvice

    Provide more opportunities for personal growth.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Eh

    • 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 3 years)

    Pros

    Location (SF); decent bonus; work from home flexibility.

    Cons

    Chaotic business goals that change frequently; poor management; no chance to increase salary; limited opportunities to advance within company.

    Advice to ManagementAdvice

    Bigger 401k match with no cliff vesting; better orientation and training.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  10.  

    Now you're just a company that I used to know..

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

    I have been working at BlackRock as a contractor (less than an year)

    Pros

    Progressive company with a strong message of responsibility and ethics. There are many areas for career growth and the ability to work with some of the top minds in their respective field is simply amazing. From Physicist, to Mathematicians, Scientist, and Entrepreneurs BlackRock has them all.

    Cons

    The technology could be managed better in terms of business processes, and management. The staffing model of the I.T. support area is VERY weak and far below par on what BlackRock provides to its external customers. Good employees are never hired as full time and leave taking much needed knowledge with them.

    Advice to ManagementAdvice

    Higher an external consultant to work with America's Technology Support that has auto industry experience in ISO-9001 and Six Sigma. The current leadership does not understand the value in having 100% stream line processes, and improving upon that. Technology Support should be approached with the same goal as manufacturing, to create a perfect product.

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    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

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