BlackRock
3.2 of 5 597 reviews
www.blackrock.com New York, NY 5000+ Employees

BlackRock Reviews in United Kingdom

Updated Jul 1, 2014
All Employees Current Employees Only

3.4 58 reviews

                             

83% Approve of the CEO

BlackRock Chairman and CEO Laurence D. Fink

Laurence D. Fink

(36 ratings)

64% of employees recommend this company to a friend
58 Employee Reviews Back to all reviews
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    top company to work for, highly satisfied

    Portfolio Manager (Current Employee)
    London, England (UK)

    Pros- enormous prestige / CV
    - name on the street, sell-side coverage
    - work life balance
    - less pressure at the beginning of your career
    - no sell side manners, people very nice / open / helpful
    - also a lot depends on in which PMG team you end up and how they treat / train junior PMs, and whether they let you do only some middle office work or actually take risk (in my case was few months of grunt work, then risk taking with small limits and mentoring by senior PMs)

    Cons- real money attitude mostly, sometimes with longer investment horizon (depending on the asset class), but basically if you want to do intraday trading BlackRock is not a place to go
    - pay is smaller compared to sell side, at least at the beginning, later on it is highly skewed to seniors / team CIOs who are performing the best

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Good place to start a career, terrible place to grow one

    Investment Manager (Former Employee)
    London, England (UK)

    Pros- People are for the most part genuinely nice
    - Great brand name means your CV will get you an interview at better firms where you can finally get paid/promoted
    - Benefits (pension, health care, etc...) are great
    - Work/Life balance is fantastic but that's not a great thing if you're young and ambitious I'd argue. I'd rather work longer and get paid more, but no real link between performance and pay makes this a moot point.
    - Decent opportunities for internal mobility (if you want another job or to work somewhere else, you can get one...it just might not be any better)
    - Pretty tough to get fired from this place. If you just want to sit somewhere collecting a coupon for the next 45 years, this is the place for you.

    Cons- Terrible pay and bonus compared to competition and sell side with very few pay raises.
    - Extremely top heavy makes career progression very difficult and promotions tougher to come by these days unless you're in a right place
    - Strong preference for external hires for premium investment jobs, internal hires usually preferred for more support related jobs in portfolio management
    - Generally very little link between performance and compensation/promotion. All about which team you end up in and the level of that team's influence.
    - Lots of Soviet-like propaganda which is more annoying than anything
    - So much fat at the top sitting there and getting paid while barely putting in any real work

    Advice to Senior ManagementLarry built this firm from the ground up so he knows what he's doing. I wouldn't sweat what the peons had to say if I was him either.

    – I'm optimistic about the outlook for this company

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    Dynamic, international, challenging

    Anonymous Employee (Current Employee)

    ProsGlobal investment plaform
    Fiduciary business model
    Solutions oriented
    Strong local presence
    Founder led

    ConsHigh staff turnover
    Low pay compared to industry

    Advice to Senior ManagementProvide more career opportunities to talented employees rather than hiring from externally

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    1 person found this helpful  

    Employee

    Product Manager (Current Employee)
    London, England (UK)

    ProsGreat energy in the company. Really feel the "one BlackRock" ethos

    ConsNot a great sense of work/life balance. Promotions are far and few between.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Account Manager

    Associate Account Manager (Current Employee)
    London, England (UK)

    ProsGreat work life balance. Work with really amazing people

    ConsBlackRock don't pay great salaries.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Large well respected company

    Anonymous Employee (Current Employee)

    ProsIt is a large firm which provides exposure to various departments and job functions. Attracts strong talent and a good reputation within the industry.

    ConsThe company is growing at rapid pace and becoming more bureaucratic. Alot of decisions are very political and can sometimes feel like a cog within a big machine. Compensation is low compared to peer group.

    Advice to Senior ManagementDon't forget the meritocratic culture that the firm first started on.

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    Great exposure and get it done attitude

    Business Analyst (Current Employee)
    London, England (UK)

    ProsUnique market leading position ensures quality of work

    ConsRisk of working in a silo

    Advice to Senior ManagementMiddle / senior management badly needs lessons in people management. The risk management approach doesn't work everywhere.

    Yes, I would recommend this company to a friend

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    great company

    Intern (Current Employee)
    London, England (UK)

    Prosnice culture, great vibe in and around the office. great compensation

    Consbrand name not that that well received by students considering how good the company is

    Yes, I would recommend this company to a friend

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    1 person found this helpful  

    Student ambassador at BlackRock

    Anonymous Employee (Current Employee)

    ProsGreat company, amazing office, friendly people, lots of money!!!

    Consnot a very well known name among students despite being such a huge company

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    3 people found this helpful  

    Good reputation and solid business, but below average compensation and bad management (in certain departments)

    Vice President (Current Employee)

    Pros- BlackRock's diversified business model provides stability and a wide range of opportunities for career development (however, only if you build a strong network and have luck an opening becomes available).
    - Reputation is good to have on CV - probably because some bright people are working there and exposure give you chance to learn a lot.
    - Work life balance is good (dependent on department).

    Cons- Salaries are way below average (for top performers), and hardly increase, not even based on outstanding performance.
    - Bonuses at VP level are peanuts compared to other companies, particularly hedge funds.
    - Culture in certain departments is extremely political; senior management totally incompetent managing and developing talent.
    - Promotions completely inconsistent across departments. Top performers may not be promoted in one department after sustained contributions, while other departments promote average performers after just a year at the firm. Senior management apparently think employees don't notice these things...

    Advice to Senior Management- Don't conduct employee surveys if you cannot deal with the hard truth about well founded frustrations and constructive criticism.
    - If you constantly emphasize you're the greatest company in Finance (Larry Fink's favorite topic), then realize you have to pay top performers ABOVE average at every level - don't compare compensation to industry "averages" including second tier firms, but compare yourself to top investment banks and hedge funds. Make pay more flexible and meritocratic, only then you will be able to retain hard working mid-level employees.

    No, I would not recommend this company to a friend

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Glassdoor is your free inside look at BlackRock reviews and ratings in United Kingdom — including employee satisfaction and approval rating for BlackRock CEO Laurence D. Fink. All 58 reviews posted anonymously by BlackRock employees.