Exiting to Blackrock
What's the general view on Blackrock as an exit?
Are they an actual sought-after buyside exit? Any typical stereotypes on the people that go there?
I see that they have a fresh outta uni graduate programme which hires a pretty big intake into their investment roles. I know BX does this as well but definitely a lot smaller intake.
Blackrock does not have a large intake into actual Investment roles like Research or Portfolio Management Group
Not OP but do you mind please elaborating a bit on who they hire for these roles (background etc), how they hire (headhunters or website) and what they’re looking for (assume mostly the same as any fund but wondering if there are any idiosyncrasies)? Also guessing they’re mostly based in NY without a huge London presence?
It’s been spoken about here ad nauseam, I will see if I can find the post where someone kind of touched on it better than I can too but their actual Active Investment teams are very very small, Blackrock is a very Passive shop, yes they do have and are known for Active strategies but a large portion of their portfolio is in Passive mandates. I will not speak to recruiting or anything of that nature as I do not work there, but it’s why I find it very silly when I see ranking tiers of AM firms in particular (although all types of ranking is rather trivial). Simply because from the outside you’d see insanely large AUM and denote to mean the best however I would argue on the contrary as many smaller fully Active shops I’d argue you can gain a much better experience compared to Blackrock but it is what it is, just recruit everywhere and try to find something that sticks bud.
Thanks man, appreciate the prompt response and the advice. Have a banana and hope you have a great rest of the week.
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