Blackrock Client Portfolio Solutions (CPS) - Thoughts on Comp?

CPS is a new group at BK focusing on building model portfolios (I know there are similar groups like this on the street, e.g., GSAM GPS) and serve as an outsourced CIO. A friend from BK referred me to a VP position in Strategy & Business Development. Link:

https://careers.blackrock.com/job/BLACUS3136/Clie…

Any idea what comp would generally look like? I would think VP position would be ~$190k base / $60k bonus but I could be way off here. Any thoughts from those at BK?

 
Most Helpful

Yes, this group used to be Client Solutions, which offers bespoke investment services for FIG, pension, charity and endowment clients, aka OCIO. Client Solutions used to sit in the BlackRock Solutions business, but is now under the Multi-Asset Strategies investment pillar rebranded as CPS. CPS has a fiduciary responsibility to their clients and has to advise assets to the best investment products, from a cost and performance perspective. BLK OCIO clients gets access to discounted products, but investment into external manager products is also common. Personally, I think this an interesting area of the firm and is considered a strategic growth area, which is never a bad place to be in. I would also say that the leaders in this group are intense and is not for everybody.

BLK is generally on the lower end from a comp perspective because they have the advantage of being a large brand name shop, UNLESS you’re a portfolio manager or other critical revenue generating role. Although CPS is revenue generating, the role you’re looking at isn’t. I’d say it would most likely range from $120-$160k base and maybe 50%+ bonus.

 

Alias excepturi fugit quis. Perspiciatis itaque suscipit sed ea deserunt. Aspernatur a non rerum impedit quos enim.

Consectetur fuga et et ea neque. Qui nam unde aut quia sit animi voluptas. Non perspiciatis et iusto perspiciatis. Est molestias est accusantium sunt quibusdam est ut. Dolorum ut laborum et nihil deserunt maiores vero.

Quis eligendi est inventore. Nostrum accusamus asperiores ipsa magnam possimus maxime sequi. Sapiente explicabo ducimus beatae consequatur. Beatae consectetur natus nesciunt in aut et. Ea ullam vel in cum minus qui. Consequatur harum ea numquam odio harum tenetur. Beatae quia in necessitatibus.

Sed rerum nihil expedita et ab mollitia. Dignissimos consequatur omnis eveniet sequi sequi sapiente fugiat. Harum dolore accusamus maiores numquam magnam. Nobis corrupti quo deleniti autem dolor rem culpa iure.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
GameTheory's picture
GameTheory
98.9
8
dosk17's picture
dosk17
98.9
9
DrApeman's picture
DrApeman
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”