BlackRock Reviews in London, England | Glassdoor

BlackRock London Reviews

Updated February 5, 2017
8 reviews

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London, England (UK)

1.0
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8 Employee Reviews

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Pros
  • Work-Life balance (in my team at least) (in 115 reviews)

  • Largest asset manager in the world means you operate at a massive scale (in 63 reviews)

Cons
More Pros and Cons

  1. "The worst company to work for"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - BlackRock Associate in London, England (UK)
    Former Employee - BlackRock Associate in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at BlackRock (More than a year)

    Pros

    Good benefits, nice building, good IT support

    Cons

    Horrible culture, back stabbing, then they force you to resign by paying you a sum of money to walk away. No internal mobility. Poorly educated, abnoxious people. Also underpay their people. Sexist jokes in the office.


  2. "Dynamic and Stressful"

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

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

    Pros

    It's exciting to work for the largest asset manager; there's never a dull moment and always a long list of projects. Really smart and switched on people.

    Cons

    Trying to be all things to all people and only resourced for 1/2 as much takes its toll on the employees. High pressure environment demands long days. Hard to have any work/life balance. Some management is good; some less so.

    Advice to Management

    Decide which business areas to focus on and feed them. Starving the business isn't healthy for the business or the employees.


  3. Helpful (4)

    "Its who you know, not what........."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director in London, England (UK)
    Former Employee - Director in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at BlackRock (More than a year)

    Pros

    Clients have heard of the company. The AUM is huge. They have a massive product range. They have offices around the world.

    Cons

    Terrible management.
    Too many MD's.
    Hire & Fire.
    Larry Fink made 400 people redundant & paid himself $25m a year. Shows a real lack of integrity.
    Heard "Its just the way we do it" rather than the right way from management a hundred times.
    Experienced the worst line manager of a 20 year plus career. Nothing in writing, very poor listener. Clients thought he was out of his depth.
    Couldn't wait to get out!

    Advice to Management

    The culture at BlackRock is appalling.
    Even long standing employees hated it, but put up with it as they lacked confidence to leave.
    Its old school tie its absolute worse.
    You really don't listen to clients..................


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  5. Helpful (4)

    "Horrible, just horrible"

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

    Pros

    As far as from a sales team level is concerned, leaving at the end of each day was a massive pro. It would also be considered a bonus should you have been educated at Eton or Marlborough, as this is a sure sign of being fast tracked through the promotional stages despite lack of intelligence

    Cons

    Middle managements' egos in sales and ops leave much to be desired (it's always the small bosses who beg for recognition via treating their staff like dirt and expecting them to work to the best of their ability). Higher bonuses are usually reserved for those who exert lack of decency

    Advice to Management

    To the senior management, keep an eye on your middle management and the bullying that goes on.


  6. Helpful (7)

    "Not as it seems"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in London, England (UK)
    Current Employee - Anonymous Employee in London, England (UK)
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at BlackRock full-time

    Pros

    Free Coffee
    Often say thank you, but salary and bonus disappoint
    Aspirational -yet don't fund industry standard courses or encourage ongoing learning or education
    Autonomy - managers don't know or care what's going on as long as you don't ask questions, make mistakes, or add to their work work load
    Flat structure - flat pay - clearly suits the mediocre employee
    Great figure heads, Fink,Kapito, Goldstein - lots of inspiration, little action however
    Slick marketing machine, little substance to offer
    Apply now! We'll offer you a job for below average wages and above average workload
    'One blackrock's' values - they are so meaningful and differentiating

    Cons

    Where to start.....
    Salaries & bonus are rubbish and below industry average as blackrock rely on their dubious reputation to attract eager talent
    Management only cares about sales, not service - consequently service / relationship management is not respected or remunerated
    Dated platform & technology - fragmented infrastructure is slow and cumbersome
    Cultural issues remain despite BGI 'unification' years ago
    Long hours with little appreciation
    Little bonus but thank you for your contribution for the Firm

    Advice to Management

    Continue with your unwavering vision; any advice I have to offer would simply fall on deaf ears. As organic growth has been such a roaring success, there's surely a case to abandon your latest acquisition strategy.


  7. Helpful (3)

    "The more you work the less it will be appreciated"

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

    I have been working at BlackRock full-time (More than 8 years)

    Pros

    Had a few few years with BLK but all those started with me all left as they had ENOUGH.

    Cons

    Salary below Market Rate. Employee has to pay for the name to be on their CV
    Work Life balance was a nightmare... even when you had to take off for family reason, you still will be contacted to do some work
    HR only think about the business --- HR stands for Hardly Relevant
    Manager was very rude and had complaints addressed to HR... But all left the BAD stayed

    Advice to Management

    Review your HR team and also look into teams where you have lots of talented people leaving. Get the bad manager out and bring/keep the good ones. No need to do an employee survey and not learning from it.


  8. Helpful (9)

    "I gave BlackRock a chance, but it remains dreadful"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in London, England (UK)
    Current Employee - Vice President in London, England (UK)
    Doesn't Recommend
    Disapproves of CEO

    Pros

    BlackRock is the biggest fund manager on the block, so it has the potential for great scale and domination of the asset management business. There are a couple of good managers.

    Cons

    Working in the business may be better, but London IT is a sorry department to be in. Decent senior managers are like needles in a haystack. Every time we have a senior manager addressing us we hear how great everything is but it is normally a case of The Emperor's New Clothes. Central control from New York is a death grip. Autonomy is not tolerated. Experienced people are given trivial jobs to do to "prove themselves". Sharing of information between teams is poor. Documentation is inadequate - the "Aladdin Way" has to be prised from key developer's heads.

    Advice to Management

    Let talented people make their own decisions. Learn how to plan ahead. If you are moving 2500 staff to a new building and changing operating system at the same time you need to allocate sufficient resources and time to it, and communicate things clearly. Having an emergency meeting to communicate what is happening AFTER people have started moving shows you are ill prepared.

    Larry, you may be a great business leader, but IT is seriously disfunctional - we waste a lot of time building exactly what we are told by our senior management only to be told it is not needed anymore. IT decision making occurs after everything is built. People like to say No as they feel that shows that are protecting Aladdin. They are wasting money and time - they should set be capable of setting the direction up front.


  9. Helpful (8)

    "3 Years In RQA Was Enough For Me"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Risk Management in London, England (UK)
    Former Employee - Risk Management in London, England (UK)
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Pay was decent but nowehere near an IB

    Cons

    Prett poor systems - Long working hours.
    Everyone kept talking about one blackrock systems. These are archaic and writen in really ancient languages that only one or two people could use. The systems would only work in IE6 (No firefox) and were slow!!!

    Advice to Management

    Start rewriting systems - People dont want to keep using IE6 and mess about with command lines.



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