BlackRock Reviews in Sydney | Glassdoor

BlackRock Sydney Reviews

3 reviews

Filter

Filter

Sydney (Australia)

2.9
Star Star Star Star Star
Recommend to a friend
Approve of CEO

3 Employee Reviews

Sort: Popular Rating Date

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

    Star Star Star Star Star
    • 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.


  2. Helpful (1)

    "Good people, shame about the company"

    Star Star Star Star Star
    • 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.


  3. Helpful (6)

    "Blackrock fails to empower -destroys value"

    Star Star Star Star Star
    • 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.



Showing 3 of 1,399 reviews
Reset Filters