BlackRock Reviews in London, England | Glassdoor

BlackRock London Reviews

Updated April 26, 2017
13 reviews

Filter

Filter

London, England (UK)

2.0
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO

13 Employee Reviews

Sort: PopularRatingDate

Pros
Cons
More Pros and Cons

  1. Helpful (1)

    "MD"

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

    I worked at BlackRock full-time (More than 8 years)

    Pros

    Large processing machine. Does passive like no other AM on the planet. Great brand which they invest in

    Larry is great but should be more involved in the business. He doesn't see everything.

    Cons

    Schlocky active business and cannot do Alts. Paranoid culture focused on protecting its passive business.

    All business decisions centred in NYC among a few people making it hard to get things done.

    Advice to Management

    Take risks or you will be the frog in the proverbial boiling water.

    Shake up the culture; it's sleepy.


  2. Helpful (1)

    "Just a job if your face doesnt fit."

    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)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    work life balance generally okay, jots of responsibility, big company perks, great name on CV. If your face fits in you can be happy.

    Cons

    Very poor culture, bulling rife on some teams, internal mobility extremely poor, most good people leave due to lack of recognition. Extremely poor management. Backstabbing is promoted in order to shine out amongst the crowd and a lot of good people lose confidence. No company is perfect and I have worked in a few to know. But if you want a bit of a career as opposed to a job and you perhaps don't fit the usual moulded 'person'. You may end up quite unhappy there.

    Advice to Management

    Be opened minded about candidates for roles for a change. Get rid of a lot of the middle management that are sucking the life and talent out of the company.

  3. Helpful (1)

    "Get the experience and go"

    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
    Disapproves of CEO

    I worked at BlackRock (More than 3 years)

    Pros

    - Good name on your CV
    - Good work life balance (generally ops and sales are cleared out by 6)
    - some really good people to work with

    Cons

    - Low salaries and bonuses
    - As a manager it was frustratingly difficult to get good people promoted
    - Sales and Ops seem lost with no clear direction.
    - Feels like its on the decline
    - Little transparency on salaries, bonuses or progression despite feeble attempts by senior management to explain and be more transparent.
    - Non-existent HR; Reactive not proactive and a lack of teeth to accomplish anything.

    Advice to Management

    You have good people pay and promote them adequately or it will continue to be a revolving door


  4. Helpful (2)

    "Vice President"

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

    I worked at BlackRock (More than a year)

    Pros

    Exposure to global markets, chance to meet and network. Ability to leverage knowledge across the company is good.

    Cons

    Micromanagement is rife, no recognition if not a director or managing director. Prone to group think


  5. Helpful (1)

    "The salary is competitive, if not good, but they will work you. Not a good place for work life balance"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Implementation Manager in London, England (UK)
    Current Employee - Implementation Manager in London, England (UK)
    Doesn't Recommend
    Positive Outlook

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

    Pros

    Salary is probably pretty competitive and it is a culture of meritocracy

    Cons

    Work live balance leaves a lot to be desired and the culture is pretty cut-throat at time. They don't really ever say thank you.

    Advice to Management

    Give a little more and you will get a lot more


  6. Helpful (5)

    "Blackrock takeover of BGI was like being assimilated by the Borg"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - IT (Associate) in London, England (UK)
    Current Employee - IT (Associate) in London, England (UK)
    Doesn't Recommend
    No opinion of CEO

    Pros

    1. If you're not the only person left in your team supporting umpteen applications then you can generally get time off whenever you need it.

    Cons

    1. you will acquire a boring non transferable skill set
    2. you will not be given any transferable technical training unless you are willing to do it in your own time and pay for it yourself
    3. If you're not a legacy Blackrock employee you have little chance of career development
    4. not enough legacy BGI employees left to support the BGI applications
    5. management ignore staff who have resigned and are working their notice - in some cases they won't even look at them - bizarre!
    6. low morale and a general feeling of hopelessness in the London office

    Advice to Management

    Respect and appreciate your biggest asset - your employees (unless of course you really want a mindless army of zombies working hard but not smart)
    Start this process by getting rid of the circle of management that hide the real goings on from those at the very top.


  7. Helpful (6)

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

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

    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 Management

    -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.

  8. Helpful (4)

    "Prepare for Micro-Management"

    StarStarStarStarStar
    • Work/Life Balance
    • 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
    No opinion of CEO

    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 Management

    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.


  9. Helpful (7)

    "Arrogance & Chaos."

    StarStarStarStarStar
    • 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
    No opinion of CEO

    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 Management

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

    Communicate.


  10. Helpful (5)

    "RIP BGI..."

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

    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 Management

    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.


Showing 13 of 1,533 reviews
Reset Filters