What is BlackRock?
Are they good? What's their business?
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Career Resources
They bought out ML's Asset Management division a few months ago, so to be able to do that..
A little something I wrote up:
BlackRock® is a premier provider of global investment management, risk management and advisory services to institutional and retail clients around the world. As of December 31, 2006, BlackRock’s assets under management total over USD 1 trillion across fixed income, liquidity, equity, alternative investment and real estate strategies.
BlackRock’s story has always been one of evolution. Since our founding in 1988 as a primarily institutional fixed income manager, we have continually looked for ways to enhance our ability to serve clients. Not only have we sought to broaden and deepen our general capabilities, we have also tried to capitalize on the key macro trends that are shaping the future of Asset Management. The most recent step in our development is our merger with Merrill Lynch Investment Managers, which closed September 29, 2006, significantly increasing our assets under management and, more important, transforming our business into a truly global one. In Merrill Lynch Investment Managers we found a partner that gives us extraordinary global scale and enhances our collective ability to serve institutions, financial intermediaries and individuals. Learn more about our combination with Merrill Lynch Investment Managers.
BlackRock has long focused on a cross-disciplinary team approach in which clients benefit from the pooled expertise of the firm’s resources: our investment and risk management professionals and our proprietary analytical tools. In addition to excellent performance, BlackRock is committed to delivering a high level of service tailored to the needs of each client. BlackRock’s client base includes corporate, public and Taft-Hartley pension plans, insurance companies, mutual funds, endowments, foundations, nuclear decommissioning trusts, corporations, banks and individuals across the globe. Headquartered in New York, BlackRock has offices around the globe, and maintains a major presence in key markets in Asia, Australia, Europe, Japan, the Middle East, the United Kingdom, and the United States.
BlackRock is independent in ownership and governance, with no single majority stockholder and a majority of independent directors. In terms of equity, Merrill Lynch’s stake is approximately 49%, while PNC Financial Services Group retains an interest of about 34%; the remaining 17% is held by BlackRock employees and the public.
In the time it took the original poster's lazy ass to type his question, he could have gone to yahoo, typed in "BlackRock" and gotten 2.63 million results in .19 seconds and answered his own question in the time it took other people to respond.
How do you expect to determine a viable comp set on your own if you can't even do a simple search for a major firm?? Good luck getting an ib interview, "guy"... errr... "boy."
BlackRock - How is the PAG? (Originally Posted: 09/25/2007)
How is the Portfolio Analytics Group (PAG) like? It seems very computer oriented. Is it well respected? What are the exit opps? What are the hours like?
I heard the Account Management group was better although it is very similar to PAG
What do you think of BlackRock? (Originally Posted: 02/08/2011)
What do you think of BlackRock? And is the interview going to be much different from banking interviews?
I'm a new monkey here. Thanks in advance for your ideas and comments.
Depends on the division, function, position. Some specifics to the job and your personal info would be helpful...
Multi-asset client services within the portfolio management group. It's a SA position.
I work there. What do YOU think of it?
Great name/great reputation and PMG is a great opportunity. A lot of their groups (especially PAG) are more middle-office/programming/systems-oriented.
Im interested in how to prep for multi-asset client services as well.
BlackRock - Portfolio analytics group (Originally Posted: 02/26/2007)
in preparation for an interview w/their portfolio analytics group later this week i have a couple questions regarding BlackRock.
does BlackRock have a specific I-banking division or are they strictly investment management?
who are their major competitors?
isn't this info on vault?
As far as financial capabilities, BlackRock is purely Asset Management (there is BlackRock Solutions which is an information systems software that BLK uses and sells to other companies). If you are interviewing there and did not know that you would most definitely want to read their website (even though it's not that great). I interned there last summer (not PAG, but can tell you about that group as well). So if you have any questions that can't be answered from the website then PM me.
BlackRock - Interested in working for BlackRock (Originally Posted: 10/06/2007)
Hi, I'm interested in working at BlackRock full time next year in portfolio analytics or Account Management. I was wondering if anybody knows some common career/pay progressions? Beyond the first year or two I've been unable to find almost any information, which is weird, because there's sooo much information on the sell side floating around the web/books.
Any specific group? A company that big's broken up into smaller teams (FI, Equities, Alternatives, etc.).
For Acct. Mgmt.: You'd most likely get a quick training and start off into one of these teams. If you're starting off, you may want to figure out what's more interesting (equity, debt, etc.). Also you'll probably be tracking a bunch of companies for ideas.
For Port. Analytics: I think it's less interesting of a group as you will be responsible for x amount of clients and basically track their performance vs. the benchmark. There's not much imagination involved, just kinda tracking numbers.
Overall, starting off in BR is a great step if you like the industry. Let me know if this is helpful.
BlackRock - Recruiting on campus? (Originally Posted: 12/04/2012)
Anyone familiar with BlackRock? They will be recruiting on campus and want to brush up as soon as possible.
I'm feeling helpful right now. SB me and I'll give you all the questions I got when I interviewed for them a couple years ago
Could you provide me with those questions too? I'm really looking at PMG for this summer as my #1 choice. Thanks
Sent you a SB. Can you pm it to me?
Can you PM too, please. I would appreciate
Could you provide me with those questions too?
BanditPandit can you please enlighten me as well? I've PM'd you
BanditPandit, could you please PM me? I would really appreciate your help!
How did the phone interview go?
BlackRock (Originally Posted: 02/02/2007)
I was at my college annual internship career day and this company (BlackRock) caught my eye as well as other peoples. I took a look at the fact sheet they gave me and it was impressive. How is its reputation on Wall Street and how would you rank this bank? Also, how competitve is getting a summer internship at this company? Thanks for the comments. (BlackRock - not Blackstone) :)
First off, I would not consider it a bank. It is a part of Merrill Lynch now. They are big into credit/ risk stuff. Prett intense workload, but I have a few friends there that seem to like it.
I think BlackRock acquired Merrill Lynch Investment Management, not the other way around.
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