There are newer employer reviews for BlackRock

7 people found this helpful

Arrogance & Chaos.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Vice President in London, England (UK)
Current Employee - Vice President in London, England (UK)

I have been working at BlackRock

Pros

Apparently a good name to have on your CV. Some good and hard working colleagues. Decent corporate discount scheme. Good office locations in London and New York.

Cons

Top two or three managers in lines of business and IT make all the decisions. The unwillingness to properly delegate breeds impotent and insecure subordinate managers and results in even the most straightforward request becoming a painful one.

Communication is poor - even deliberately so.

Very curious technology choices. The arrogance of senior IT staff has built an overly complicated infrastructure and suite of applications.

Advice to ManagementAdvice

Stop being afraid to make decisions, and when you do, stand by them rather than hiding when pressed by those above you.

Communicate.

Doesn't Recommend
No opinion of CEO
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  1. 7 people found this helpful

    Its the number of hours you work, not the quality of work or even if you delivered

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Associate in London, England (UK)
    Current Employee - Associate in London, England (UK)

    I have been working at BlackRock

    Pros

    Blackrock has some very intelligent people that work here, so on a personal level one can stand to learn a lot.
    Great name to have on your resume.

    Cons

    There is a lot of division within the company between Ex BGI, Ex MLIM and BLK employees. People seem to introduce themselves by declaring which group they belong in, which is contrary to the 'One Blackrock' culture that the Senior Management harp about. The company also has major culture devides which makes it a very political environment to work in and also does not inculcate any trust across the said groups. The culture is not very tolerant of strong dissent, anyone who stands up to senior management to say this is not how things should be done seems to get thier hands slapped. Very very fear driven culture. Feels like a bad wallstreet movie from the 80s.

    Advice to ManagementAdvice

    Delegate to managers and employees and empower them to do let them get on with the work. The Vice Chairman of the company should not be looking at change logs over the weekend! There also seems to be a disconnect between the message that is sent by upper management and what actually takes place on the ground.

    Doesn't Recommend
    No opinion of CEO
  2. 4 people found this helpful

    RIP BGI...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Vice President - IT Support in London, England (UK)
    Current Employee - Vice President - IT Support in London, England (UK)

    I have been working at BlackRock

    Pros

    Still has a core group of good people at the heart of it's technology support teams (I am probably biased, but this is predominantly due to some of the legacy BGI folks still being here)

    There's not really anything else I can think of... there's free milk in the kitchenette areas?

    Cons

    Wants to be a world-class investment manager but refuses to invest in anything to get there (outside of it's Aladdin product), landing it all squarely on the shoulders of any employees unlucky enough not to have been made redundant.
    Doesn't seem to think anything of the breadth of talent that props up it's technology sector.
    Extreme lack of communication whilst management dilly-dally with major strategic decisions, leaving staff to feel exposed and dejected.

    Advice to ManagementAdvice

    i think the sooner senior management appreciate the people that prop up their company as individuals with real skills and ideas, instead of numbers on a sheet, the sooner they'll be able to get the company to where they want to. For a former BGI'er, the BlackRock takeover has been a very sorry experience to go through. The attributes that used to make BGI such a wonderful place to work have been slowly squeezed out by BlackRock's almost Borg-style assimilation of it's latest acquisition. Lots of good folks have been lost to competitors, but the general feeling is that they have escaped a sinking ship and, personally, I'm glad I have also had the opportunity to make my own escape.

    Doesn't Recommend
    Disapproves of CEO
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