BlackRock Reviews in London, England | Glassdoor

BlackRock London Reviews

Updated August 19, 2017
138 reviews

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London, England (UK)

3.7
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138 Employee Reviews

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  1. "Many Opportunities"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Analyst in London, England (UK)
    Current Employee - Investment Analyst in London, England (UK)
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    blackrock is a combination of 'start-up' mindset and huge corporate opportunities... start up mindset because: etfs is a brand new industry and expected financial technology enhancement is massive. huge corporate opportunities because: reputation in the street and many societies, events, speakers and training series

    Cons

    the 'huge corporate' pros comes with cons as well... office politics and roles segmentation is not for everyone

    Advice to Management

    need a more efficient reviews and promotions system. there is a lot of unclarity around compensation, expectations and ratings.


  2. "Senior management have vision but middle management are too busy politicking"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investor Relations in London, England (UK)
    Former Employee - Investor Relations in London, England (UK)
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at BlackRock full-time (More than a year)

    Pros

    Reputable firm, strong client focus, international reach

    Cons

    Middle management poorly equipped to lead, legacy technology creates a lot of bureaucracy

    Advice to Management

    More focus on nurturing talent

  3. "Not all that it's cracked up to be..."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales in London, England (UK)
    Former Employee - Sales in London, England (UK)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at BlackRock full-time (More than a year)

    Pros

    Flexible working
    Good location
    Nice workspaces

    Cons

    People managers at BlackRock are particularly bad when compared to those at other firms.
    Too many people have drunk the 'Best Asset Manager in the world' koolaid, when it is far from that.
    The compensation is incredibly poor, much smaller and less profitable asset managers can pay almost double your salary!

    Leaving was the best decision I think I'll make in my career.

    Advice to Management

    For blk the best thing may be to have people managers that aren't line managers...


  4. "Not great culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in London, England (UK)
    Former Employee - Analyst in London, England (UK)
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at BlackRock full-time (More than a year)

    Pros

    Smart colleagues, top tier clients

    Cons

    Very cold culture, no sense of collaboration

    Advice to Management

    Build a culture that people want to be part of


  5. Helpful (1)

    "Good place to start building a career.....then leave"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in London, England (UK)
    Current Employee - Associate in London, England (UK)
    Recommends
    Negative Outlook
    No opinion of CEO

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

    Pros

    Good place to learn
    People are generally hard working and knowledgeable
    Very technology driven
    Good brand name in the industry
    Client focused for large clients who contribute significantly to AUM
    Generally very social

    Cons

    Pay is not great compared to the rest of the industry, particularly for a company that prides itself on being the best and largest asset manager.
    Sometimes has a blame culture so learn to cover your own back.
    Tons of office politics so be prepared to play the game if you want to get ahead unless you're lucky to end up in a good team (there are a few).
    Things are not always done with purpose. A culture of having meeting for the sake of having meetings.
    Management prefers to have "yes men" rather than people who challenge status quo and think outside of the box.
    Claims to be a meritocracy, but its not. At BlackRock, you will constantly hear about the importance of "raising your profile" and networking, which is important, but with some management it is more important than actually being good at your job.
    Some shockingly bad leaders and people managers who do not actually know how to lead, but rather pass the buck on.
    I would not recommend getting an operations or process driven job at BlackRock in London. More jobs are being moved overseas in a major cost cutting exercise.

    Advice to Management

    Review remuneration. Dont just compare remuneration to average for the industry if you're the best and biggest, because you expect more from your employees than the average.
    Do more work to improve the managers.
    Networking is important, but it should not out-weigh being good at your job.


  6. Helpful (1)

    "Best Asset Management firm to work for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in London, England (UK)
    Former Employee - Vice President in London, England (UK)
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at BlackRock full-time (More than 5 years)

    Pros

    Care about fiduciary responsibilities and role in the world. Very focused on growing the business even in areas outside of core strengths

    Cons

    There is a lot of bureaucracy, enacting change is a very time consuming exercise and requires lots of consensus building


  7. "Good company to work for. Mostly a collaborative working environment. At time too large to navigate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Client Onboarding in London, England (UK)
    Current Employee - Client Onboarding in London, England (UK)
    Approves of CEO

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

    Pros

    A good work life balance and flexible working hours.
    There is quite a collaborative environment generally.
    Good career mobility within the firm.

    Cons

    Salary not competitive and lack of growth of salary once in the company.
    Constantly changing internal organisation structure
    Difficult to navigate

    Advice to Management

    Remove the high level of bureaucracy in career growth.
    A more motivating salary.

  8. "Vice President"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in London, England (UK)
    Former Employee - Vice President in London, England (UK)
    Recommends
    Negative Outlook
    No opinion of CEO

    Pros

    Good working culture. Nice working hours.

    Cons

    Very un-coordinated . Firm grew to fast for its own good


  9. "Institutional sales"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Institutional Sales in London, England (UK)
    Current Employee - Institutional Sales in London, England (UK)
    Recommends
    Approves of CEO

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

    Pros

    Amazing product range
    Smart people in the sales and investment teams
    Very collaborative culture across the teams and geographies

    Cons

    A lot of reporting to management needs to be done.
    Politics play an important role in your promotion.
    Decision making process can be long and administrative.
    Salaries are not competitive

    Advice to Management

    Need a more meritocratic promotion system


  10. "Best employer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President - Technology in London, England (UK)
    Current Employee - Vice President - Technology in London, England (UK)
    Recommends
    Negative Outlook
    No opinion of CEO

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

    Pros

    Good pay, flexible culture and lot of opportunities to learn.

    Cons

    no one iterates responsibilities so you will end up doing some other teams tasks.

    Advice to Management

    We aren't small org anymore we need to change and act like big corporates, define and follow process.


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