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BlackRock Sydney Reviews

4 reviews

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Sydney (Australia)

3.9
StarStarStarStarStar
Recommend to a friend
Approve of CEO

4 Employee Reviews

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Pros
Cons
  • Difficulty in creating work/life balance (in 146 reviews)

  • long hours; work/life balance could be improved (in 93 reviews)

More Pros and Cons

  1. "Director"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in Sydney (Australia)
    Current Employee - Director in Sydney (Australia)
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Unparalleled depth and breadth of investment capabilities. First class investment and risk management platform and people. Still retains the drive of an entrepreneurial firm despite the size and growth of the firm. Growth and size of firm provides huge carer opportunities for those prepared to work hard - especially in NY, SF and London.

    Cons

    Decision making and power centralised in NY (although this is slowly changing). Breadth of capabilities means it can be difficult for the firm (and particularly sales staff) to focus. Arguably our more focussed/specialised competition has an edge in that regard.

    Advice to Management

    Consider how we can devolve more power and control to the regions and to asset class heads to build more focussed businesses (without creating silos). Not an easy task.


  2. "Confused and muddling along....."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Sydney (Australia)
    Former Employee - Anonymous Employee in Sydney (Australia)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Overseas investment staff, access to investment technology, great CV builder and ability to open doors with clients.

    Cons

    Local management rudderless and have changed culture to be more IB like than asset management. Clients getting a hold of change in culture.

    Active products consistently fail to meet investment objectives over the full cycle. The percentage of active funds that do would be very low.

    Development is very limited.

    There's an inner circle and if you are not in it, dont expect to be paid a bonus and do all the 'grunt' work.

    Advice to Management

    Figure out a plan that is realistic and have some courtesy when talking to clients. Clients will not allocate 100% of their portfolio to BLK. That's MPT 101, something that the leadership team have no idea about.

  3. Helpful (1)

    "Good people, shame about the company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Sydney (Australia)
    Former Employee - Anonymous Employee in Sydney (Australia)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at BlackRock full-time

    Pros

    Overall people are good to work with and open to sharing, it's not a sink or swim culture. Working for the world's largest fund manager looks good on the CV and there are overseas opportunities.

    Cons

    Very US centric with head office increasingly tightening their grip on overseas offices. Very bureaucratic so it is difficult to implement any innovative ideas and you increasingly feel like your talents are wasted. There's a lot of talk about being a high performance culture but in reality many mediocre people work there thanks to the 'boys network' where it's not what you know but who you know especially in the senior ranks. The Australian offices are being downsized, reducing the local presence and it will be increasingly difficult to get anything done without the ok of the head offices.

    Advice to Management

    Trust you staff by loosening the reigns and allowing them to do their jobs.


  4. Helpful (6)

    "Blackrock fails to empower -destroys value"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Sydney (Australia)
    Former Employee - Anonymous Employee in Sydney (Australia)
    Doesn't Recommend
    Disapproves of CEO

    Pros

    This is a big firm, so expect a reasonable magnetic effect. Probably looks good on a CV, but that's it.

    Cons

    East coast NY centric. Failure of management to empower smart people, unbelievable destruction of trust and and value. NO attempt to engage previous BGIers who were some of the smartest people in the industry. Lied about remuneration process and bonus payments

    Advice to Management

    Look not a the queue of people at the front door wishing to join your firm, but also at the number leaving by the rear exit, too ashamed to say they worked there.


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