BlackRock Reviews in New York, NY | Glassdoor

BlackRock New York Reviews

Updated January 31, 2017
258 reviews

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New York, NY

258 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. Helpful (1)

    "2016 Intern"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Intern in New York, NY
    Former Employee - Intern in New York, NY
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at BlackRock (Less than a year)

    Pros

    The business is unbelievably broad and it's easy to get exposure to a ton of different areas, even within the course of an internship, simply by meeting other people around the firm.

    Cons

    Politics are killer, and so many parts of the business feel like they are slow moving and not connected to the firm's true purpose. You'll need to be really into the work to feel excited about what the firm does.


  2. Helpful (4)

    "Great, but...if you are an assistant..."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Administrative Assistant in New York, NY
    Current Employee - Administrative Assistant in New York, NY
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    Great benefits. If you are in the right team, the work/life balance and flex work is great. They invest a lot in their investment professionals

    Cons

    If you are not an investment professional, don't expect them to pay attention to you. The amazing career paths they have do not apply to the assistants. You work as you are and you are happy with it. Eventually, you will hit the salary ceiling and you need to be happy with that as well since it will not change.

    Advice to Management

    The culture is great, but culture and work/life balance do not make up for inflation. Although it is easier to not promote or give raises to administrative staff and force them to leave in this matter, is it really cheaper?


  3. Helpful (2)

    "Director"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director in New York, NY
    Former Employee - Director in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at BlackRock (More than 8 years)

    Pros

    Second to none Investment & Technology platforms; innovative and talented professionals in technology, investments, advisory and research. The firm has built an incredible reputation for client service and creating new businesses.

    Cons

    Very difficult to have a work life balance and not get left behind.

    The promotion process is very tricky. Lack of transparency creates too many obstacles when applying for positions internally or knowing what it takes to get promoted. Obviously promotion criteria differs based on role but when others have a direct impact on your viability, be sure to engage stakeholders strategically. Otherwise, it won't be long before you're left behind.

    Advice to Management

    Continue to leverage insights and feedback from employee opinion surveys. The positive changes that have resulted will continue to improve employee engagement and experiences.


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  5. "Analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in New York, NY
    Current Employee - Analyst in New York, NY
    Recommends
    Positive Outlook

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

    Pros

    Very friendly culture, great at innovation

    Cons

    Pay is average, meritocracy is bad


  6. Helpful (4)

    "Bad culture, low pay"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst - Portfolio Analytics Group in New York, NY
    Current Employee - Analyst - Portfolio Analytics Group in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Big name, good for resume

    Cons

    - pay is below industry average
    - although the firm PRs its friendly culture, it really is hierarchical
    - your boss won't care about your personal goals, thus you won't have a real career here
    - a lot of people working here are massively underqualified


  7. Helpful (1)

    "Rewarding and challenging but management will put the department'a goals ahead of your own."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    If you're up for a constant stream of challanges, BlackRock is the right place. You will be challenged at what you "do" and various aspects of corporate life (i.e. politics, etc.). I can say I've grown and learned much faster here within a year than three years at a large multinational bank. I've become a much better speaker and leader. Management genuine wants you to do well, keep in mind impressions are really important. Especially the first impression. Pay is good with salary on the average side and bonus above average for the industry.

    Cons

    Be prepared for long hours and inefficiency with middle management. Your personal goals that you've voiced to upper management will be at the bottom of the department's priorities. If you're someone who cares about titles then you should be prepared to be stick with your starting title for a while. Organic growth is hard due to the lack of title "ladder".

    Advice to Management

    Implement a better work/life balance for your employees. It doesn't help that the whole hiring process takes several month to onboard new individuals. Be serious when it comes to employee goals.


  8. "Good Environment"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Software Engineering Intern in New York, NY
    Former Intern - Software Engineering Intern in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at BlackRock as an intern (Less than a year)

    Pros

    -> Open Environment
    -> They motivate you to learn
    -> They take care of their employees
    -> They motivate you to choose and work in your areas of interest
    -> Good proffesional trainings

    Cons

    -> In terms of work, I didnt find it too good
    -> Technically if you dont go to APG team, there is not much learning.
    -> If you get a bad manager, your bad luck!


  9. Helpful (5)

    "Overall, a great firm with its flaws"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in New York, NY
    Current Employee - Associate in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Generally speaking, very capable coworkers and willingness to engage; great opportunities for junior staff to gain exposure and boost visibility; work-life balance and ability to work remotely are both surprisingly available, given the industry reputation

    Cons

    Best talent often leaves early because of pigeon-holing; company prides itself on being a meritocracy but too often corporate politics takes precedence over actual talent; poor direct managers can shorthand junior staff through no fault of their own; too many director- and managing director-level people are preoccupied with optics over substance

    Advice to Management

    Pay more attention to the young people, there's a reason why they're leaving so quickly after beginning employment.


  10. "Former manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Largest financial money manager in the world. Also a software company, selling profitable Aladdin product to clients.

    Cons

    Using outdated technologies to drive business, as is common for most financial institutions, since they need to support legacy systems.

    Advice to Management

    Invest in career development to keep staff motivated, retain talent, and improve productivity of business.


  11. Helpful (1)

    "VP"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President Human Resources in New York, NY
    Current Employee - Vice President Human Resources in New York, NY
    Doesn't Recommend
    Positive Outlook

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

    Pros

    nice people, resources, good intentions

    Cons

    too much change and lack of direction and priorities



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