BlackRock - OK, but not for the long term | Glassdoor
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There are newer employer reviews for BlackRock

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"OK, but not for the long term"

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

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

Pros

many smart, young, energetic, driven colleagues

Cons

poor work/life balance, less than ideal working environment

Other Employee Reviews for BlackRock

  1. Helpful (1)

    "Not much career advancement opportunities"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in Princeton, NJ
    Former Employee - Associate in Princeton, NJ
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at BlackRock full-time (More than 3 years)

    Pros

    Nice people, well run company, good processes in place, good office and amenities

    Cons

    Repetitive job functions, tough to advance career, lack of communication from upper management, unrealistic expectations, lack of training and education


  2. Helpful (13)

    "Blackrock AKA Burnout"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Disapproves of CEO

    I worked at BlackRock full-time (More than 3 years)

    Pros

    - large firm with a good "street" reputation.
    - compensation is just above average
    - there are a few gem employees who are stellar. Seek out these staffers and align yourself.

    Cons

    - be prepared to work yourself to death with very long hours (expect 10-14 hour days) and job volume that normally 2-3 employees would take on.

    -expect to cancel your planned vacations. Pre Departure expect to work "extra" hours. Re-entry - same deal - you'll have to catch up on so much work. Relaxed? You won't be for long.

    - if you want any type of work life balance rethink your idea to join this firm. It's very difficult to leave at end of day without being viewed as a slacker (even if it's been a 12 hr day for you), much less to leave the office for a dr appointment, child school event, looking for an apartment, running an errand at lunch - all impossible.

    - during my time there I never met anyone who was "happy" or "satisfied". Moral is low as staff is so overworked. As a result of current job market - many remain longer than they want due to lack of alternative opportunities.

    - transfers b/w departments (regardless of your role) was rarely successful or beneficial to both parties. Mostly used as an exit ramp for the employee.

    - management levels are thick and multiple.

    - re-creation of the wheel is a weekly process.

    - the infrastructure of the firm has not grown with the firm in order to now support 5000+ employees

    - many simple transactions take a long time due to multiple layers of mngt and lack of up to date infrastructure

    - senior management does not treat their direct staff well. There is a trickle down effect as a result.

    - HR dept is a nightmare to deal w/ re: new hires, benefit issues. Simply dysfunctional due to heavy turnover.

    - don't expect praise. I once received a small gift (chocolates) from a senior manager who I had helped significantly w/ a project. The giving of this gift was seen by our department head. Within the hour the senior manager was chastised by the dept head office. "We don't do that here"... Senior manager was purposely embarrassed publicly and never provided praise again.

    - there are some great, talented, bright employees who could really make a difference. Few succeed. Most are burnt out quickly looking for an exit.

    - there are too many "deadwood" employees who are ineffective lumps that simply gave up at some point. Management & HR does little to off load these staffers.

    - compensation was just above average. Bonus discussions went like this w/ managers "I have your comp number here but before we discuss that let's talk about what I need from you going forward" - insert project laundry list of huge tasks you'll now have to incorporate into your already overloaded plate.

    - once you decided to leave the firm and resign you'll be publicly labeled a "non-performer" by management (regardless of your tenure or performance). Management and HR can't comprehend "could it be us?"

    Advice to Management

    - treat your staff better. This comes from senior managers, exec office and founders. Other staff follow your example.
    - don't ask your employees to do non work related things (especially when office workload is over the top)
    - ask your employees about their workload "is it manageable?" If not - fix it.
    - get rid of the deadwood. Those staffers are dragging you down and making good employees exit.
    - stop senior management from promoting (in office) their own charities (many w/ religious focus). It's not appropriate under any circumstances in the office to ask employees to donate to X religious fund.
    - totally revamp HR. The system isn't working.

There are newer employer reviews for BlackRock
There are newer employer reviews for BlackRock

See Most Recent

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