BlackRock

  www.blackrock.com
  www.blackrock.com
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Push yourself to do your best work

  • 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 an year)

Pros

Challenging work; smart people; hard working; no slackers!

Cons

Lots of re-orgs; shifting priorities; lots of "hoop jumping" to get easy things done

Advice to ManagementAdvice

Minimize budget oversight and provide more cross career path opportunities --- all road should not lead to having to move to New York

Neutral Outlook
Approves of CEO

680 Other Employee Reviews for BlackRock (View Most Recent)

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  1. 7 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. 5 people found this helpful  

    Get out now

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

    I have been working at BlackRock full-time (more than 3 years)

    Pros

    Nothing positive to say at all

    Cons

    Highly political organization. You will only receive a promotion if you are liked by seniors. Organization plays favorites. Promotions have nothing to do with performance. Decisions are only made by executives and leaders instill fear in employees. Inexperienced Directors and Managing Directors. New York office is terrible culture. San Francisco culture is much better. A lot of great ideas came from BGI and were implemented at BlackRock. BlackRock never valued diversity and inclusion and committees such as the OUT network and WIN. It never existed or were embraced before BGI merger.

    Advice to ManagementAdvice

    Don't make the SF office remote. Get rid of low performers including the highly paid MDs and Directors who lack leadership in the organization. It isn't all about the NY office. A lot of great products (iShares) and engagement ideas came from BGI. Stop buying companies and grow organically.
    Save on costs by not flying every MD around the world just for meetings and paying for their corporate housing. T&E spend is more than what an associate or analyst makes in two years
    It is 2013. Use video conferencing and web cams!

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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