Bad place to start career - Associate BlackRock Employee Review

2.0
19 Dec 2018
Recommend
CEO approval
Business outlook

Pros

-Exposure to different investment teams and products -Training program provides a good high-level introduction to the industry -Some new opportunities through internal mobility, though limited to your internal network

Cons

-Large amount of repetitive grunt work -Low compensation -Don’t learn useful skills relevant to investment management -Firm is very cost-conscious, enforced strictly by senior management, which I believe drives the culture, making it very difficult to hire/retain talented employees -Technology is outdated, and rate of innovation is far surpassed by the growing needs of the firm -Middle management is uncommunicative on important decisions, and avoids discussing the many problems that exist

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BlackRock Response
7y
Thanks for taking the time to share your feedback and experience. We are disappointed you don’t feel that some employees are receiving sufficient support or compensation. We strive to foster an environment where employees are rewarded for their contributions and feel empowered to share new ideas and be recognized for them. We also invest broadly in developing our employees and providing opportunities for them to grow. We will take your feedback into consideration.

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5.0
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CEO approval
Business outlook

Pros

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Cons

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2.0
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Recommend
CEO approval
Business outlook

Pros

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Cons

The Preqin acquisition never really found its identity after becoming part of BlackRock. It felt like the focus shifted from listening to clients to fitting Preqin into a broader BlackRock strategy. As AI changes how firms access and analyze private market data, simply being a data provider isn’t enough anymore. My impression was that Preqin’s long-term value is likely to come from being integrated into the broader Aladdin ecosystem and APIs, rather than remaining a standalone platform. Leadership would benefit from spending more time listening to customers and the teams on the front lines instead of assuming they already know what the market wants.

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