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2 people found this helpful  

Losing sight of its most important asset

  • 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

There is ample opportunity to prove yourself in the company. You're given as much responsibility as you want - or at least, I have been. It's also possible to move internally relatively easily, and to that extent you get the feeling that your career is in your own hands.

Cons

The purchase of BGI has highlighted huge cultural differences between the two legacy companies.
Management are trading on the good will and professional nature of its employees - treating staff, in some cases, in an appalling fashion.
Long hours have become the norm.
Compensation is disappointing. I'm not driven by money but I do believe in being paid fairly for the job you do and the results you achieve. It doesn't happen at BlackRock - especially if you're promoted from within.
The company needs to put its hand in its pockets - a shoestring budget will ensure it gets found out sooner or later. For a company of this size, there's no excuse - we're not investing sufficiently in existing talent.
Business risk management feels like it's a case of "wait and see".

Advice to ManagementAdvice

It doesn't matter how good a Porsche looks if it's being driven with the engine of a Skoda. Listen to your staff - we're telling you the same story. Or don't, and just risk us all leaving.

No opinion of CEO

Other Reviews for BlackRock

  1. 4 people found this helpful  

    Don't get stuck in this team at this company.

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

    I have been working at BlackRock

    Pros

    -Fast Pace
    -Access to senior management.
    -Good name on CV
    -Plenty of scope for operational development.
    -Health insurance. and pension.

    Cons

    -No work/life balance
    -No transferable skills
    -Misleading job interivews and descriptions.
    -Lack of formal training for graduates.
    -No respect.
    -Bad atmosphere.
    -A lot of condescending.

    Advice to ManagementAdvice

    -Get rid of PAG as an access to Blackrock.
    -No grad will be interested in being placed in a technical role with no transferable skills.
    -Reduce excessive middle management and increase the focus of senior managers.
    -Produce a strong and recognized graduate program.
    -Don't lie about job role.
    -Try to make people feel its worth the effort.

    Doesn't Recommend
    Disapproves of CEO
  2. 1 person found this helpful  

    Talent and drive are the keys to success at this un-Wall Street company.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at BlackRock

    Pros

    It is a true meritocracy, where people's success isn't driven by the school they attended or who their daddy is/was, but by their talent and drive.

    Cons

    It is beginning to feel like a big company with the attendant big company challenges--the need to evolve to a big-company managment structure, disparate locations and different legacy cultures mixing together. It's not a start-up any more. But it's still a great company with a great business model.

    Advice to ManagementAdvice

    Invest more in training and development of the next generations of leadership, because the founders will not be around forever.

    Recommends
    Approves of CEO
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