BlackRock

  www.blackrock.com
  www.blackrock.com
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okay

  • 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 5 years)

Pros

growing firm with good business prospects. has been successful where others have failed.

Cons

better opportunity for beginers than advanced workers. Some systems are painful and overanalyze

Advice to ManagementAdvice

cant cut costs year after year without some negative result.

Recommends
Positive Outlook
No opinion of CEO

682 Other Employee Reviews for BlackRock (View Most Recent)

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  1. 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

    I have been working at BlackRock full-time (more than 5 years)

    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
  2. 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

    I have been working at BlackRock full-time (more than 8 years)

    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
There are newer employer reviews for BlackRock

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