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8 people found this helpful  

I gave BlackRock a chance, but it remains dreadful

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Vice President  in  London, England (UK)
Current Employee - Vice President in London, England (UK)

I have been working at BlackRock

Pros

BlackRock is the biggest fund manager on the block, so it has the potential for great scale and domination of the asset management business. There are a couple of good managers.

Cons

Working in the business may be better, but London IT is a sorry department to be in. Decent senior managers are like needles in a haystack. Every time we have a senior manager addressing us we hear how great everything is but it is normally a case of The Emperor's New Clothes. Central control from New York is a death grip. Autonomy is not tolerated. Experienced people are given trivial jobs to do to "prove themselves". Sharing of information between teams is poor. Documentation is inadequate - the "Aladdin Way" has to be prised from key developer's heads.

Advice to ManagementAdvice

Let talented people make their own decisions. Learn how to plan ahead. If you are moving 2500 staff to a new building and changing operating system at the same time you need to allocate sufficient resources and time to it, and communicate things clearly. Having an emergency meeting to communicate what is happening AFTER people have started moving shows you are ill prepared.

Larry, you may be a great business leader, but IT is seriously disfunctional - we waste a lot of time building exactly what we are told by our senior management only to be told it is not needed anymore. IT decision making occurs after everything is built. People like to say No as they feel that shows that are protecting Aladdin. They are wasting money and time - they should set be capable of setting the direction up front.

Doesn't Recommend
Disapproves of CEO

628 Other Employee Reviews for BlackRock (View Most Recent)

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  1.  

    Very Positive

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Vice President
    Current Employee - Vice President

    I have been working at BlackRock

    Pros

    Working with smartestr people in the industry

    Cons

    IT is behind other firms

    Advice to ManagementAdvice

    Keep up thje good work

    Recommends
    Approves of CEO
  2.  

    Having a great time working for BlackRock.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Contingent Worker
    Current Employee - Contingent Worker

    I have been working at BlackRock

    Pros

    Friendly environment to work in.

    Cons

    Lack of communication between groups in IT.

    Advice to ManagementAdvice

    Communicate better!!!!!!!

    Recommends
    Approves of CEO
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