BlackRock

  www.blackrock.com
Work in HR? Unlock Free Profile

633 Employee Reviews (View Most Recent)

Sort: Rating Date

3 people found this helpful  

Little advancement opportunity

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Anonymous Employee  in  Seattle, WA
Current Employee - Anonymous Employee in Seattle, WA

Pros

Dynamic culture, smart coworkers, nice office space, accessible managers, decent wage compensation, good benefits package (great healthcare), support for professional certifications

Cons

Little career advancement, very little skills training offered other than "on the job", no mentorship program, extremely vague/arbitrary bonus structure even for high performers (no targets to hit or performance incentives- it all depends on the how the overall company does), low wage growth, promotion process is an annual event with strict limits on how often people can be promoted.

Advice to ManagementAdvice

Work with people to develop a 3-5 year professional development plans, with targets they can strive and that are realistic within the company/division.

Recommends
Positive Outlook
Approves of CEO

Other reviews for BlackRock

  1. 2 people found this helpful  

    Pretty good place to work, trying to be great

    • 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

    Pros

    There's been a lot of effort put towards building an iconic culture and make BlackRock a great place to work. Presuming it's sustained over the long-term, I think it will work. Feels like it's a genuine effort, and in a lot of ways the firm has great roots to build from. There's a lot of pride from legacy BGI and legacy BlackRock employees - in some cases that leads to conflicts, but also has the potential to lead to great things if the cultures can be reconciled to capture the best of both legacy cultures. In San Francisco, I feel that there's an overall positive vibe. BGI-ers felt a connection to the firm, and the passion showed as a result. I think some of that has gone away post-merger, but I think as people adjust to working for a much larger and different kind of firm, it will come back in a lot of (different) ways.

    Cons

    There are still some challenges post-merger. There's been a lot of focus on improving many things, but a few things seem to stand out as yet unresolved problems. One is technology and resourcing, which both continue to be constant struggles. Another (and often related) is that decision making is still centralized among very few people at the top. And as part of that, there's also a bit of a bravado culture at the top, and decisions can often be made based on someone escalating to someone higher up and gaining their alignment, rather than on the merits, which I think is unfortunate. To be fair, I think that some of the cost management is actually a function of good management control over costs (there's waste at BlackRock, just as there is in any firm). The problem is that there aren't great mechanisms to recognize which parts of the business run very lean and responsibly, versus those that don't, and that can cause frustration...and worse, gridlock at times. And to be honest, I think some of it is also a function of overly constraining the business in order to squeeze out margins.

    Advice to ManagementAdvice

    Keep doing what you're doing with regard to company culture, there are a lot of great things going on in that space right now. But also strengthen your commitment to the other elements of culture - decentralize decision-making and trust and hold business heads accountable for making the right decisions for their business. Resource the business to succeed in the long-term, even if it's at the expense of some short-term margins. And last but certainly not least, reward those employees who work hard and deliver results (quantitative and qualitative). Yes, everyone knows the market is volatile, but people will become increasingly demotivated by taking the full brunt of that repeated message, particularly when the firm is wildly profitable and there's such a disparity between earnings across people (across and within levels).

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Good company to work for

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

    Pros

    Great environment
    Meritocracy
    Good name
    Good career opportunities
    Good compensation

    Cons

    Sometimes feels too big
    Burocracy
    Work-life balance

    Advice to ManagementAdvice

    More transparency with employees
    More personal contact and seeking feedback from employees

    Recommends
    Neutral Outlook
    Approves of CEO
There are newer employer reviews for BlackRock.

Worked for BlackRock? Contribute to the Community!

Your response will be removed from the review – this cannot be undone.