BlackRock Reviews | Glassdoor

BlackRock Reviews

Updated August 19, 2017
1,429 reviews

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3.7
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  1. "Opportunity Favors The Prepared Mind"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in Seattle, WA
    Current Employee - Analyst in Seattle, WA
    Recommends
    Approves of CEO

    Pros

    Room for growth, great company culture, strong leadership. Blackrock is in a growth stage which makes for a perfect time to jump on board. As long as you put in the time and work, there are ample opportunities to advance. We have many offices around the world, so those who would like to explore the world while staying with Blackrock have the opportunity. Blackrock has a strong foundation, built up from our inspiring leaders. We are at only 20yrs into business, but our leaders have already grown Blackrock into a worldwide prestigious firm.

    Cons

    We don't offer the highest salaries around. HR is having a difficult time keeping up with company growth, which is creating a backload of work.

    Advice to Management

    Hire more staff.


  2. "One of the very best finance firms out there but the days of incredible growth are numbered"

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

    Pros

    In short: the culture, flat management, relatively small amount of bureaucracy, superior technology, extreme productivity and quest for world domination. I'm proud to work at BlackRock given its growth, reputation and impressive performance during the credit crunch that's killing all of our competitors. Its very exciting to travel the world integrating the various legacy MLIM offices and pitching to prospective clients. BlackRock is a great place to start your career.

    Cons

    The explosive growth over the past five years has put an intense strain on the institutional architecture. Most functional groups are stretched so thin that critical controls are at risk of failing. The MLIM merger irreparably diluted the traditional BlackRock culture. There are now more than 5,000 people at the company and the previously standard rapid career progression has significantly cooled.

    Advice to Management

    Keep up the good work but don't buy any more companies until all of the current issues are sorted.

  3. "Great reputation, great opportunity"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in New York, NY
    Former Employee - Analyst in New York, NY
    Recommends
    Approves of CEO

    Pros

    Great name and reputation! A world class firm.

    Cons

    Long hours, but this is pretty comon working at a top tier financial firm in NYC.

    Advice to Management

    Put more focus on the morale of people at the bottom.


  4. "Review on BLK by a former PMG Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate - PMG in New York, NY
    Former Employee - Associate - PMG in New York, NY
    Recommends
    Approves of CEO

    Pros

    BLK has a great culture and excellent brand name. The sell side treats you like kings and queens when you are on the portfolio management side. You hit the ground running and literally do everything that the senior PMs do, which is invaluable.

    Cons

    It is nearly impossible to move between product groups on the portfolio management side despite expressing interest in something else after a year or two. If a product group is not doing well, a young associate is stuck with a stagnant career at an excellent firm. Then what?

    Advice to Management

    There should be an Associate program that is rotational. After a 2 year rotation, a person can then choose the specialty or a group chooses from the program. This way, both the associate and the group know if they are a good long term fit.


  5. "A level headed opinion"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    No opinion of CEO

    Pros

    The pay is nice, the work environment was great and the employees were a real nice group of people. Initially had a great work culture. Management was great at training. I felt as if I landed the career of my dreams. I would definately work for them again....

    Cons

    After Lehman fell, environment became hostile. People not as willing to help each other. Unsure if management knew of lay-off situation, but they posed as if everything was ok, but it was clear after the first lay-off that there may be more to come. I felt a little deceived, but was ready to accept my pink slip during the second round.

    Advice to Management

    Just be real.. and call back old employees when your ready. :D


  6. Helpful (2)

    "If you are obsessed with investing and asset management, then this place is for you. If not, maybe not."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in San Francisco, CA
    Current Employee - Director in San Francisco, CA
    Recommends
    Approves of CEO

    Pros

    -Top firm in the industry
    -Fiduciary culture, client oriented business
    -Lots of opportunity across the firm for advancement and change

    If you are obsessed with investing and asset management, then this place is for you. If not, maybe not. A successful career is available to those who persist and work hard, but nothing is given that is not earned, and sometimes it takes years to get that.

    Cons

    The management clique respects only the management clique, but then, what do you expect? They won the game, they earned their title, their million dollar paydays and they intend to keep winning. It can be hard to find your way in a tightly controlled environment such as this one, but the virtue of the culture is such that talent and hard work is recognized for what it is over time.

    Advice to Management

    Look for those who are committing talent and hard work to the firm and reward them. Help those who are in the middle to improve. Help people to define their goals, ask about their personal goals, and help them sense that they are moving towards them. Make it easier to guide truly weak performers out without destroying morale and trust.


  7. Helpful (1)

    "Good place to work. Typical Corporate culture unless you work in Priv. Equity or Hedge Fund Space"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in San Francisco, CA
    Current Employee - Vice President in San Francisco, CA
    Recommends
    Approves of CEO

    Pros

    Massive exposure to positions world wide and once you are inside it can be a great place to make your home and obtain your "gold watch". In some cases you can really be appreciated with regard to compensation if you are able to specialize and seperate yourself from the pack.

    Cons

    If you don't like the corporate culture investment foundation of this firm then stick with individual "boutiques". Big bank atmosphere allows certain personalities to thrive. Overall, this is not a bad place to work. Benefits and salaries are more structured and limited due to the larger "I.B." culture (remember this is still BofA even though people pretend it is not!!)

    Advice to Management

    Look outside of the typical protege from an ivy school. Many of these recruits have high IQ's but lack high EQ's (emotional quotients) which can make the culture very much a Cool Aid drinking factory due to the lack of diversity in personality type.

  8. Helpful (1)

    "Excellent place"

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

    Pros

    encourage initiative and thought
    provide encouragement
    complicated and challenging environment
    great colleagues with vast institutional knowledge who are willing to share

    Cons

    long hours
    recently expanded, feels like wholesome
    undisclosed rule of lunch at desk
    complicated systems, can lead to complicated projects

    Advice to Management

    keep pursuing those who can manage projects well. disclose what your plans are for the advancement of the employee. allow employyes to focus on an individual project (remove multi-tasking for time-sensitive items)


  9. "BlackRock is an amazing place as for doing software development in financial firms."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Software Developer in New York, NY
    Former Employee - Software Developer in New York, NY
    Recommends

    Pros

    Invest largely in technology.
    Build tools that have large customer base.
    Build software for their daily use.

    Cons

    Not a place for tech-savvy people if they want to dress easy to work.
    Middle-paced comparing to other financial firms

    Advice to Management

    The management gives a large of freedom and directions in company directions.


  10. "Recommended"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in San Francisco, CA
    Current Employee - Anonymous Employee in San Francisco, CA
    Recommends
    Approves of CEO

    Pros

    Strong company, very smart people, high quality leadership.

    Cons

    Lack of coordination across groups/divisions.

    Advice to Management

    Keep up the great work.


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