There are newer employer reviews for BlackRock
There are newer employer reviews for BlackRock

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Helpful (3)

Stable Job, no work-life balance

  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Financial Analyst in New York, NY
Current Employee - Financial Analyst in New York, NY

I have been working at BlackRock

Doesn't Recommend
Approves of CEO
Doesn't Recommend
Approves of CEO

Pros

The best reason to work for BlackRock would be job stability. They are not a hire and fire kind of a firm rather they believe in being understaffed. The average age of employees is lower compared to other firms. They hire from some of the top colleges. There are "some" brilliant people you feel proud to work with. The company believes in respect for everyone and the senior members are very communicative. The career opportunity is limited although they say that you can move around in the firm and do what you like. Pretty good at food and travel allowance

Cons

There is absolutely no work-life balance at this place. They are always understaffed and in a group like Portfolio Analytics you are looking at a 70-75 hours week. The compensation is low compared to the hours you put in. The work atleast in the first year is repetitive and gets monotonous. The firm seems to have passed on knowledge through the word of mouth. The systems/processes are not well documented. The attrition rate is high.

Advice to Management

Hire people

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  1. Smart, decent people. Reasonable work/life balance depending on the group. Respectable brand name.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate
    Former Employee - Associate

    I worked at BlackRock

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Smart, decent people. Reasonable work/life balance (particularly in finance). Good brand name.

    Cons

    Experience at BlackRock appears pretty dependent on the group; some groups receive less respect and demand more time.

    Advice to Management

    Match compensation to competitors or BlackRock will continue to lose top talent. Do not rely on current/past brand name for recruiting, as brain drain will inevitably lead to dilution of brand. This is especially important in highly skilled groups which require a fair bit of training/development with respect to in-house systems, and in which the true cost of personnel replacement far exceeds the nominal difference in compensation.

    Granted, compensation is only one factor (and a significantly smaller factor given the difficult economic environment), but this issue will return when the job market swings to favor employees again.


  2. Excellent firm, but experiencing some growing pains

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in New York, NY
    Current Employee - Analyst in New York, NY

    I have been working at BlackRock

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Excellent reputation, excellent executive management, smart and motivated employees, broad exposure

    Cons

    Large size - Small, unique culture has become bureaucratic. Middle management leaves something to be desired.

    Advice to Management

    Size isn't everything


There are newer employer reviews for BlackRock
There are newer employer reviews for BlackRock

See Most Recent

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