There are newer employer reviews for BlackRock

Good Company to work for

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Portfolio Analyst in Princeton, NJ
Former Employee - Portfolio Analyst in Princeton, NJ

I worked at BlackRock full-time (more than 3 years)

Pros

Pay, flexibility, benefits, resources, investment research. Blackrock has some great people working very hard in most departments and provides solid operational support.

Cons

Lack of promotions, chasing margins, technology, too big feeling. The company is being run to focus primarily on meeting next quarters budget and profit margin. Headcount is always changing and reducing which leaves increasing workload on the remaining employees.

Advice to ManagementAdvice

Make decisions for short-term goals and not focusing on creating long-term value. Need to invest more in the employees who want to work for the company and take care of the clients.

Recommends
Neutral Outlook
Approves of CEO
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  1. 8 people found this helpful

    It's no BGI

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director
    Current Employee - Director

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

    Pros

    Known brand name, not evil, plenty of smart people--especially in SF.

    Cons

    *Classic example of a company that bought employees, products and markets rather than developing them organically and consequently has little understanding of culture, product development and market strategy. BLK is a company of managers, not thinkers or leaders

    *Bureaucratic, conservative and extremely cautious. No support for innovation

    *Hyper-political and stratified: Face time is critical, excellent performance is consistently ignored and those at the top levels don't interact---or even speak to---lower level employees

    *Lots of dead weight at the top--MDs who should never have been promoted and are not competent or hard working suck up compensation that should be directed to great performers

    *Unclear strategy, inability to focus the company on key targets---in part bc senior management is unable to decide on the company's strategic direction and in part bc senior management is most concerned with pumping sales and taking care of each other

    *NY-centric: Little understanding of markets or cultures outside Manhattan, even other US cities and especially outside the US

    *Below average comp and below average benefits, and the trend for both shows deterioration

    Advice to ManagementAdvice

    Real leadership is sorely needed at senior levels all over the company.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2. 2 people found this helpful

    Great reputation but figuring out new direction

    • 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

    I have been working at BlackRock full-time (more than a year)

    Pros

    Access to any type of research you can imagine. Wall Street firm with a great reputation. Name recognition across the street

    Cons

    Office politics, weak middle management, confusing re-orgs are frequent, can feel too big, lack of sense that performance is rewarded (more about politics)

    Advice to ManagementAdvice

    The vision for the company is great but at the bottom of the ladder I don't see that commitment to raising the bar. Middle management is not held accountable. I would implement 360 reviews and stop re organizing every 6 months

    Recommends
    Positive Outlook
    Approves of CEO
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