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.