BlackRock

  www.blackrock.com
  www.blackrock.com
There are newer employer reviews for BlackRock

4 people found this helpful  

Prepare for Micro-Management

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

I have been working at BlackRock

Pros

BlackRock is a strong brand, which in some parts of the world is widely recognised.
The firm is the largest buy-side (investment management) firm in the world by a long way, leading to a breadth of potential opportunity and experience.
Compensation is competitive to good

Cons

Decision making is often opaque and is nearly always centred in New York, decisions seemingly being made by a small group of people
The company is very inward looking, particularly with regards to technology and is wedded to a lot of poor, dated, highly proprietary technology
The management style from the top of the firm is to micro-manage people and centralise control

Advice to ManagementAdvice

Start to trust people, particularly those who have come in from acquisitions, delegating responsibility down as far as possible. Share information. Stop micro managing. Look outside the firm for solutions, particularly with respect to technology.

Doesn't Recommend
No opinion of CEO

679 Other Employee Reviews for BlackRock (View Most Recent)

Sort: Rating Date
  1. 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
  2. 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
There are newer employer reviews for BlackRock

Work at BlackRock? Share Your Experiences

BlackRock

 
Click to Rate
or

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