BlackRock FAQ

All answers shown come directly from BlackRock Reviews and are not edited or altered.

36 English questions out of 36

14 December 2018

What is health insurance like at BlackRock?

Pros

Unlimited Vacation and sick days Good healthcare benefits Somewhat progressive culture relative to other large financial institutions Analyst program is a strong way to build your network

Cons

Compensation was really poor Management was unorganized, combative, and flat out awful Some managers are extremely unprofessional and violate HR rules consistently They let talent walk out the door frequently The management tries to sell the work as being interesting and related to finance, but it is neither There are often lulls in the workflow and there isn't a lot of learning that goes on The (Financial Markets Advisory) FMA group is a financial crisis legacy group that has 1/2 of the revenue it used to with 3x as many employees and all the smart people have left Exit opportunities aren't very good as you aren't doing any real finance work Other groups at BlackRock don't respect the FMA group as FMA is essentially Deloitte's consulting group at BlackRock

Good healthcare benefits

14 December 2018

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23 January 2019

Does BlackRock offer sponsored degrees?

Pros

Plenty of smart people Eager to apply new approaches

Cons

Low bonuses Not significant tuition reimbursement

Not significant tuition reimbursement

23 January 2019

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2 January 2020

Does BlackRock offer unlimited holiday?

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

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11 November 2019

Does BlackRock offer housing assistance?

Pros

Nice location, pay pretty well as an intern, people friendly, nice and smart

Cons

No housing, Return offer relocate to Atlanta

No housing, Return offer relocate to Atlanta

11 November 2019

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13 July 2020

What is the retirement plan like at BlackRock?

Pros

- I know this could vary by team, but my team is laid back and chill - You get to learn a lot about financial stuff (if you are open to learn anyways) especially investing and money management - Good benefits including unlimited PTO, 401k matching and boost

Cons

- Pay is not that good compared to tech companies. I wouldn't have complained if that at least increased (a little if not a lot) every year but no. It'd be the same for several years and they don't care about your life changes, inflation, etc. EVERY YEAR they say the same thing "oh it's not been that good a year", even though the earnings are good? - Promotion process is a huge mess. I saw people bootlicking senior management get promoted even though they are unworthy and some talented and hard working people ignored because they actually work and not waste time talking BS and entertaining those senior management. This kind of culture is HIGHLY TOXIC and its high time people corrected it. People have taken cue and started working less and boot licking more. Also there is no clear path or definition to promotion or any measurement scale for the criteria. Its just too abstract and they expect you to already be doing the work of the role that you are trying to get promoted to. Why would I do that when I'm not getting paid for it yet? - Developer experience sucks - you get all kind of "security" crap installed on the computers that make them super slow for developers. If you don't trust software engineers to not click on stupid spam or get virus onto the computers, why hire them in the first place? The dev process becomes SUPER SLOW because of thousands of background processes running and becomes super irritating and you lose all the remaining motivation to code. How hard is it to have different policies for developers and non developers?

Advice to Management

Pay well. That will not only motivate existing engineers to do great things but also attract new talent that can make BlackRock the tech company it wants to be. And please fix the promotion process, this will retain the talent who will not then feel like they can never progress their career here. This is not just my view, I've heard this frustration from several people.

- Good benefits including unlimited PTO, 401k matching and boost

13 July 2020

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36 English questions out of 36