BlackRock Reviews in San Francisco, CA | Glassdoor

BlackRock San Francisco Reviews

Updated March 31, 2017
200 reviews

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San Francisco, CA Area

3.5
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200 Employee Reviews

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Pros
  • Work-Life balance (in my team at least) (in 117 reviews)

  • Largest asset manager in the world means you operate at a massive scale (in 67 reviews)

Cons
  • People always struggle with work-life balance (in 141 reviews)

  • Long hours as it is a global company (in 88 reviews)

More Pros and Cons

  1. Helpful (2)

    "BlackRock likes motivational slogans layered over profile pictures. This makes us "One BlackRock""

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in San Francisco, CA
    Current Employee - Associate in San Francisco, CA
    Doesn't Recommend
    Approves of CEO

    Pros

    You receive solid compensation, great benefits, and respect from those within the industry.

    Cons

    The environment is stale, there is very little creativity and innovation, community or collaboration. You are expected to work hard and create value for the company (understandable) however, there isn't an acceptance of upper management to grow their associates into the next leaders. Also, organizational changes have been occurring frequently and without notice. What "makes sense" to upper management, still doesn't make sense to the individuals who are actually involved in the re-orgs.

    Advice to Management

    The commonly used slogan is "We are One BlackRock" to unify the different mergers that have taken place over the last few years. This slogan does not fit the current sentiments of employees of the company. If the desire is to unify the company - actually do it. Create opportunities for employees to create a company culture.


  2. Helpful (5)

    "BGI was a lot nicer place than BlackRock to work. Aladdin & Technology division specific assessment."

    Star Star Star Star Star
    • 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
    Doesn't Recommend
    No opinion of CEO

    Pros

    Pay is decent at this point.

    Cons

    Hours, attitude. Need I say more.

    Advice to Management

    Treat your people like they are professionals and they have a life. The balance of the two is what makes for hardworking and accomplished people. Realize that BGI had some great talent and they have knowledge and experience to add to the company.

    And the One Platform philosophy... Wake up - it isn't the 1980's anymore. BGI got where it was using technology to its advantage even if the systems became cumbersome. We worked less hours supporting many more systems, and provided top notch support to our customers. Our internal business people.


  3. Helpful (3)

    "A great place to start your career."

    Star Star Star Star Star
    • 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
    Doesn't Recommend
    Disapproves of CEO

    Pros

    They are successful at what they do. They truly promote from within. Nepotism at its finest!

    Cons

    Unless you have always been with BLK, you will always be treated as an outsider, with no voice.

    Advice to Management

    Listen. You don't have the monopoly on good ideas.


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  5. Helpful (6)

    "why did Barclays have to sell BGI??"

    Star Star Star Star Star
    • 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
    Doesn't Recommend
    Disapproves of CEO

    Pros

    can be interesting work but too manic and not planned

    Cons

    Tech group is run by the abrasive BlackRock 'New York clique' - if youre not in that group then forget it. Good BGI people leaving frequently since the integration. BlackRock (as usual) focused too much on the technology and not the people, its a bit late now to make token gestures.

    The performance management process this year is a shambles (again not focusing on the people) - very little guidance and no cascading objectives.

    All in all a complete disaster for the San Francisco BGI people.

    Trading teams need a PMO to organize the many development teams

    Advice to Management

    Focus on people and career growth and get people on board - the rest will follow.


  6. Helpful (7)

    "Really unpleasant place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in San Francisco, CA
    Current Employee - Director in San Francisco, CA
    Doesn't Recommend
    Disapproves of CEO

    Pros

    - Good benefits and decent compensation
    - Some opportunties for travel to interesting cities such as New York and London
    - That's it

    Cons

    - All of the decision making is centralized in New York, with people in other regions marginalized.
    - The old BGI resources are underutilized and in many cases demoted
    - Morale is low, with the majority of resources actively looking for other jobs
    - The people who are being laid off are happier than the people looking for jobs

    Advice to Management

    Figure out how to leverage the talent you inherited from BGI. Look for ways to increase morale to prevent a mass exodus of resources


  7. Helpful (6)

    "Better be thick skinned and like to be abused"

    Star Star Star Star Star
    • 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
    Doesn't Recommend
    Approves of CEO

    Pros

    The pay if fair but nothing to brag about
    The benefits are ok but are just shy of being a real benefit
    Larry Fink is great

    Cons

    50% of your time will be spent covering second guessing your job
    Lack of respect
    Lack of trust
    Mid management is always attacking people
    The biggest con? Why doesn't the rest of the mid management act like Larry Fink?

    Advice to Management

    Take a few classes in employee empowerment and stop second quessing your employees who would be more effective if they did not have to explain to you why "you" are not satisfied. Act like Larry Fink, be more down to earth allow for risks and mistakes and show respect for people.


  8. Helpful (6)

    "Senior Management Disconnected from their "Subordinates""

    Star Star Star Star Star
    • 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
    Doesn't Recommend
    Disapproves of CEO

    Pros

    If you're looking for a place to start in the financial industry, this is a good place as you can start at the bottom and work really hard to find your way up. Their analyst program seems to be pretty good.

    Cons

    Their analyst program works well because they're hiring newly graduated college students. This way they can train their employees to learn the way it should be from the beginning. They'll have no other experience to compare so they won't know how bad the work environment can be. They prefer to produce with lean resources to make sure that Larry Fink will get his several million dollary salary and bonuses. Senior management only talks amongst themselves and then perhaps they'll take some feedback from the "subordinates" they favor most. Even if you do get promoted, there is no guarantee there is a raise because that will take away from the senior managements pay raise and bonuses.

    Advice to Management

    Take some extra time and greet your employees and perhaps try to learn their names.


  9. Helpful (9)

    "BlackRock staunches innovation, prevents growth, gift wraps everything in red tape. Don't work here."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Quantitative Analyst in San Francisco, CA
    Former Employee - Quantitative Analyst in San Francisco, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at BlackRock full-time (More than 5 years)

    Pros

    Looks good on resume (no idea why)

    Cons

    - Horribly behind on IT
    - Very little innovation
    - Everything politically challenged/ego driven
    - Assembly line org charts (internally called laughing squid model where one person who manages one person who manages one person who manages one person who manages one person)
    - No transparency on compensation, promotions, ratings, business model, nothing.
    - Killed all the reasons why people joined BGI.

    Advice to Management

    Leave. All you do is get in the way of people that make contributions.


  10. Helpful (7)

    "If your about face time, incompetence, and politics...left firm for significantly less branded firm and got better pay!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in San Francisco, CA
    Former Employee - Anonymous Employee in San Francisco, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at BlackRock full-time (More than 10 years)

    Pros

    Brand, brand, brand...and well, brand.

    Cons

    Everything else...firm has very generic products that it touts as 'unique', the promotion process is based on weekend golf trips, and no real clear career path, mostly dogmatic middle management and quite frankly, your skills atrophy

    Advice to Management

    Quit promoting based on who you hang out with outside of work or who reminds you of you, look at actual delivery (fairly simple concept right?), and don't assume facetime = productivity...the more senior the less production, generally speaking anything VP onwards indicates nothing


  11. Helpful (8)

    "BLK has been a horrible experience!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in San Francisco, CA
    Former Employee - Vice President in San Francisco, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Smart people, but too conservative to really be a thought leader now.

    Cons

    No longer innovating, pushing active management junk on the market, trying to be everything to every client and at the same time paying literally no attention to the people that help make the business worth purchasing in the first place. If you stay there, you deserve each other.

    Advice to Management

    Fire yourselves. No one like you.



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