BlackRock FAQ

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Does BlackRock offer unlimited holiday?

8 English reviews out of 8

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2 January 2020

Pros

Having the BlackRock name on your resume garners respect and is great for your career long term. There are few good teams and if you have a role there, you’ll have a generally good experience. Unlimited vacation is nice but doesn’t make up for the gap in compensation.

Cons

Where to begin. * Pays well below market rate. * Highly political and not a meritocracy as management claims. * Mediocrity thrives here. * High turnover over the last couple of years with the culture carriers leaving. * HR that never investigates actual cases of bias, exclusion, harassment or retaliation. BlackRock has a great PR team and management has positioned themselves as a place that’s’ treating employees well, paying for performance, championing diversity & inclusion, and doing what is morally correct. This all couldn’t be farther from the truth! BlackRock’s comp structure hasn’t kept up with the market and you can expect to be paid 40% below what competitors pay. When you raise this they basically tell you that you can leave and make 50% more elsewhere. The firm is highly political and is far from the meritocracy they proclaim to be. The promotion process is full of bias and they are failing at promoting people with different ethnic backgrounds, even though management proclaims diversity makes the firm better. Mediocrity thrives at BlackRock as high achieving individuals are leaving at alarming rates. Turnover has been abnormally high the last year and a half. Gender and racial bias reign supreme in certain divisions of the firm. They fail at supporting and promoting diverse employees and especially women of color regardless of strong performance. Bias and exclusion run high at BlackRock with instances of exclusion, harassment, bias and retaliation being flat ignored by HR and their policies are a complete joke. Managers are supposed to report these issues to HR immediately and they don’t. I’ve experienced and also witnessed multiple cases of exclusion and harassment but nothing has ever been done to remedy these situations. HR will listen to you and say they have to investigate and then get back to you. They never actually do. Meanwhile the perpetrators of these issues are promoted and given more responsibility. While they have made tiny strides on recruiting diverse talent into their analyst program, they struggle with retention and you’ll see very little diversity above VP. My suggestion, work here for a couple years to have on your resume and then leave.

Advice to Management

Instead of shaking your finger at other companies, clean up your own house first.

Unlimited vacation is nice but doesn’t make up for the gap in compensation.

2 January 2020

Reviewed by: Associate in New York, NY (Current Employee)

29 December 2020

Pros

Great company Great colleagues Collaborative atmosphere/Solid Corporate culture Great managers Transitioning to ensure inclusion and diversity Addresses social issues head on Many opportunities to advance Unlimited vacation

Cons

Lack of diversity, barely any people of color in senior roles or client facing roles. My team/division has over 600 people, only 15 are black, diversity numbers are terribly low. Lack of inclusion (especially for admins), admins/EA's tend to get treated as resources, not as members of the team. BlackRock is the worlds largest Asset Manager, so you would think we would be a leader in everything, especially with diversity, they are only trying to change things up now because its a trend and its a cool thing to do. Morgan Stanley, Goldman Sachs and even Deutsche Bank have done a wonderful job diversifying their talent. There are plenty HBCU's around the country that have top black/POC talent, if BlackRock really wanted it, its very easy to find. Most divisions in BLK only recruit from Ivy league schools, nepotism is also a huge problem.

Advice to Management

DIVERSITY!!!!!!!!

Unlimited vacation

29 December 2020

Reviewed by: Executive Assistant in New York, NY (Current Employee)

13 October 2020

Pros

You will be given lots of work. Many happy hour events Unlimited P.T.O but manager must approve it

Cons

Quite some turnover due to high expectations Technology is quite behind like Microsoft office on the cloud.

Advice to Management

Invest in your employees to transition into other areas

Unlimited P.T.O but manager must approve it

13 October 2020

Reviewed by: Analyst in New York, NY (Former Employee)

15 April 2020

Pros

Unlimited PTO Great technology and operation s

Cons

Not structured as you would expect it to be

Unlimited PTO

15 April 2020

Reviewed by: Senior Business Analyst in United States (Former Contractor)

3 November 2019

Pros

- Unlimited PTO - Rotational program for new grads in APG is okay - WLB is fine

Cons

- Not competitive enough with pay. The tech talent market is on freekin fire right now for us software developers! - Career growth here is not very motivating - Focus too much on diversity vs. simply being more competitive for technical talent

Advice to Management

Keep up with the tech talent market. We all would rather work for the tech firms. So be more like the tech firms!

Unlimited PTO

3 November 2019

Reviewed by: Software Engineer in New York, NY (Current Employee)

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8 English reviews out of 8