Lowered morale and employees leaving is proof of how BlackRock has managed to change the company - Anonymous employee BlackRock Employee Review

2.0
Jan 11, 2018
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

The employees, for the most part, are incredibly smart, kind, and modest. You get the sense that your coworkers care about you. The 401k options are some of the best around. You will learn a lot about investing. Lunch and snacks are provided by the company. Reasonable work-life balance.

Cons

At this point, BlackRock has all but dug its claws into FutureAdvisor. The direction of the company has changed, the morale is abysmal, and many good people have left or are on their way out as soon as something comes along. A company that inspired passion from its employees has since lost its touch, and it's quite clear that passion won't be returning. What was a fast-paced tech company is now a slow-moving finance company, regardless of what keeps getting repeated at all-hands meetings. You may sign on with FutureAdvisor, but you work for BlackRock... remember that. The innovation is gone. You are no longer here to invent the future, but rather you are here to rehash the same product that almost never gets noticeable updates. BlackRock seems to pride itself on paying industry wages if not better, but FutureAdvisor must not be part of that memo. Most everyone you speak with is consistently underpaid when compared to other companies, both in finance and tech. The reason those people remain is because the bonus has yet to pay, they haven't yet hit their 3 year(!) vesting period for 401k match and profit sharing, or because they don't have an offer at their next place yet. It's incredible to see how things have changed for the worse since before the acquisition. If you're looking to work here try to get a good read on the morale and pay before you start. Also negotiate hard for your salary, because BlackRock doesn't give raises unless you get a promotion.

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Pros

Great diverse experience with working across teams

Cons

Might have to work long hours

4.0
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Pros

Plenty of opportunity to work on project teams. Lots of exposure to senior leaders in HR and the businesses. Great collaboration in the One BlackRock spirit. Benefits to support employees and their families are good.

Cons

Workload can be challenging at times. However, you are gaining a lot of new skills in a short prior of time and the ability to work with leaders is worth it.

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