BlackRock Reviews | Glassdoor

BlackRock Reviews

Updated June 21, 2017
1,395 reviews

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1,395 Employee Reviews

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Pros
  • Work-Life balance (in my team at least) (in 122 reviews)

  • Largest asset manager in the world means you operate at a massive scale (in 68 reviews)

Cons
More Pros and Cons

  1. "Vice President"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Client Service Manager, Vice President in Forest Hills, NY
    Current Employee - Client Service Manager, Vice President in Forest Hills, NY
    Recommends
    Positive Outlook

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

    Pros

    Offers good Internal mobility opportunities

    Cons

    Work life balance difficult at times


  2. Helpful (3)

    "Very good experience so far. People and culture are what I like the most about the firm."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director of Business Operations in San Francisco, CA
    Current Employee - Director of Business Operations in San Francisco, CA
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Great Culture and Principles of the firm
    Respects and values employees
    Opportunities to grow and develop career
    Great financial benefits like retirement
    My line of management

    Cons

    Not much I can think off but feel that some groups might be bureaucratic. I may be completely wrong but have heard a few employees complain about that in their groups.

    Advice to Management

    A lot of money is spent on travel for senior management, if at least 10% of that is spent on analysts as bonus, they would be super happy and excited and motivated to continue to work in Blackrock.

  3. "Excellent place to work at"

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

    I worked at BlackRock (Less than a year)

    Pros

    Very good tech culture. Doesn't feel like a financial firm. Tech stack is very good. Keeps with the time. Great people to work at.

    Cons

    Need to offer higher pay if you want to position yourself as a tech company to students.


  4. "Great culture"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Quantitative Researcher in San Francisco, CA
    Current Employee - Quantitative Researcher in San Francisco, CA
    Recommends
    Positive Outlook

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

    Pros

    Best place for young people. It's a growing firm and requires you to polish your skills all the time! You need to almost learn every day something to keep up.

    Cons

    Not good if you want a 9-5 job. It's not the kind of job where as time goes on you'll get more experience. Need to get ready for new challenges everyday.

    Advice to Management

    Expect to see more collaboration among research teams. Expect to see better in-house technology support on big data side.


  5. Helpful (2)

    "Great company balancing scale and whilst remaining nimble and innovative"

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

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

    Pros

    Low bureaucracy relative to most financial services firm... can do approach to innovation and change

    Cons

    No cons... a great company


  6. "Cash Associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Cash Assicate in Claymont, DE
    Current Employee - Cash Assicate in Claymont, DE
    Recommends
    Positive Outlook

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

    Pros

    The company offers a total compensation package which includes 401K matching of 4% on 8%。 Competitive base pay and bonus. 16 weeks of paid maternity leave (4 for paternal leave)

    Cons

    Relatively inflexible work schedule and long work hours. Master degrees are undervalued

    Advice to Management

    Run a tightship but don't be uptight. Be more people oriented.


  7. Helpful (1)

    "GPAS Analyst (Green Package Analytical Support)"

    Star Star Star Star Star
    Former Employee - Analyst in Wilmington, DE
    Former Employee - Analyst in Wilmington, DE

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

    Pros

    1) Entry level position was fairly compensated
    2) Generally hired intelligent and driven people for the department
    3) Felt very comfortable speaking my mind
    4) Funny co-workers, easy place to joke around because the language used in the office isn't restricted much

    Cons

    1) Shockingly inconsistent training. The way workflow and knowledge is past on to new analysts is in an apprenticeship style where a more experienced analyst slowly transfers his current workflow over to the new employee until he no longer does the "grunt" work and now is promoted to an associate. Unfortunately, there is a lot of turnover for this position so analysts end up getting various degrees of involvement from a trainer, and in my case I had no trainer.

    2) Knowledge required to perform this job is very idiosyncratic to BlackRock and really to the department as a whole. Not much in terms of transferable skills. Also, makes 1) above more of an issue because you essentially need a trainer to attain the knowledge needed to do your job. Even between two analyst in GPAS the job can very quite a bit.

    3) Although they hire relatively smart employees, they fail to hire employees that actually desire to work in an Operational role. It's sold as an opportunity to get to work directly with Portfolio Managers on a daily basis which you can then leverage in your career to switch over to the front office. Pretty terrible tactic imo because it encourages the high turnover. They actually seem to do much better with employees that are not from finance backgrounds because they won't have such a desire to leave for these front office roles.

    Advice to Management

    The easy thing for mid level managers to do is to is to align the role with the people they hire. Either by changing who they hire or by changing the role. However, the department as a whole has serious issues that are much more intractable and stem from the culture that was built in GPAS. (note all of this is not an indictment on BlackRock, this is was written soley from a GPAS point of view)

  8. Helpful (1)

    "RQA Graduate Analyst - advancement and mentorship hard to come by"

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

    Pros

    Smart people, truly some of the best in the industry.
    Pretty good pay for being straight out of school, especially given the hours (compare to banking).
    Depending on team (and this really depends), may be given good work, not just analyst grunt work.

    Cons

    Pay doesn't scale to effort and can leave employees for want of meritocracy. For those not in revenue-generating roles (investment and trading), "meritocracy" is subjective.
    No incentives for mentorship, so this often goes by the wayside; no comparison to tech and consulting where you have assigned mentors to look after your advancement.

    Advice to Management

    Management has equity and can care only about the stock price. Most others below Director/MD are paid in cash. Keep this in mind, as I've heard everyone from analysts to MDs complain about BlackRock paying below the market rate for talent, and many leave for this reason.


  9. Helpful (1)

    "Vice President"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in San Francisco, CA
    Current Employee - Anonymous Employee in San Francisco, CA
    Recommends
    Positive Outlook

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

    Pros

    Great leadership
    Good benefits
    Great people
    Decent salary
    Vacation days - higher than most companies for employees that have stayed for long time

    Cons

    There is no meritocracy
    Promotions are not objective - YES people will be nominaed for promotion
    Limited opportunities for internal transfer

    Advice to Management

    Give internal candidates opportunity to transfer


  10. "SF review"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Managing Director in San Francisco, CA
    Current Employee - Managing Director in San Francisco, CA
    Recommends
    Positive Outlook

    I have been working at BlackRock full-time (More than 10 years)

    Pros

    Great culture and place to work

    Cons

    Be prepared to work in a high performing environment


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