Any experience of Blackrock?

[CrouchingWayne]

Hi guys

More out of curiosity this one - I've spotted what looks to be a great job at Blackrock (albeit in a different city from where I currently live!)

Has anyone worked there or been through the recruitment process?

I'm curious as to know the hierarchy levels - from some reading I think it is assistant/associate/VP/Director but I'm not sure what order they are in or how much experience they generally look for at each grade. The role is likely above my station and a bit of a "pipe dream", but the requirements don't explicitly rule me out on any factor so my interest has been piqued!

Thanks all!

[jonnydm]

Huge company, know a few people there up to MD level and don't hear any complaints though I assume broadly similar bureaucracy that any large firm has.

You're broadly right in your assessment of hierarchy though add MD at the top. I assume like most Financial Services firms, it's middle heavy, so Analysts on the grad scheme, then Associates and most people being in the mid level at or around VP (with anything from 5 to 15+ years experience.

Possibly a slightly different make up if you're looking at one of their regional sites though.

[CrouchingWayne]

Thanks for that - very useful. I had seen a few references to MD but didn't realise that was a separate tier.

I'm sitting with around 7 years experience post university so might fit into your VP category. Think the role was a Director so perhaps a bit above my station. Might be worth a look though based on my experience - we will see!

[jonnydm]

CrouchingWayne said:

Thanks for that - very useful. I had seen a few references to MD but didn't realise that was a separate tier.

I'm sitting with around 7 years experience post university so might fit into your VP category. Think the role was a Director so perhaps a bit above my station. Might be worth a look though based on my experience - we will see!

Based on what I've seen, 7 years would probably put you at (senior) VP (note - some FS firms also have the titles SVP / ED above VP). Totally non scientific though, people make MD within that time though very rare now. However a few points to bear in mind - 7 years certainly shouldn't be a definite prohibition to D level and it can be quite role specific (eg. managerial responsibilities vs. subject expert), they could have approval for up to D level so you could be the right man and come in below that level, you could come in with a view to promotion the following quarter, year etc., or simply you might be just right for it.

[CrouchingWayne]

jonnydm said:

Based on what I've seen, 7 years would probably put you at (senior) VP (note - some FS firms also have the titles SVP / ED above VP). Totally non scientific though, people make MD within that time though very rare now. However a few points to bear in mind - 7 years certainly shouldn't be a definite prohibition to D level and it can be quite role specific (eg. managerial responsibilities vs. subject expert), they could have approval for up to D level so you could be the right man and come in below that level, you could come in with a view to promotion the following quarter, year etc., or simply you might be just right for it.

Hi - thanks again for the post.

I agree that it should be based on merit hopefully - good to know it's not absolutely ridiculous though which you have helped with. I'll take a much more detailed look over the coming week and might pop something away speculatively. Closing go date isn't for a number of weeks yet so plenty of time to tailor/research.