BlackRock Client Businesses 1st round. Help!!

Has anyone ever interviewed for BlackRock Client Businesses? I have one coming up and would appreciate if someone can let me know what to expect. I can't imagine it being technicals-heavy but I could be wrong. What should I prepare for?

 
Best Response

Relationship Management. I believe the group you eventually join -- Retail, Institutional Client Business, Defined Contribution Group, or iShares -- will be determined after the interview. I'm an economics major so I'm more concerned about what the technicals will be like since I've never taken any finance courses. But behavioral tips will definitely be appreciated as well!! For what it's worth, here is the job description..

Client Businesses Overview Within the Client Businesses, we pride ourselves on creating, communicating, and delivering investment solutions for clients worldwide. The Client Businesses serve both institutional and retail clients, including corporate, public, union and industry pension plans; insurance companies; third-party mutual funds; endowments; foundations; charities; corporations; official institutions; banks; and individuals worldwide. This opportunity to join as an Intern within the Client Businesses provides broad exposure to Asset Management, the market, and a wide variety of financial products.

Opportunities exist across our various Client Businesses: Retail, Institutional, Defined Contribution, and iShares.

Retail – The Retail team is responsible for distribution, marketing and product management for BlackRock’s U.S.-registered products, including alternative investments, open-end funds, closed-end funds, ETF’s and managed accounts. BlackRock’s Retail business manages over $700 Billion of assets on behalf of US retail investors across a diversified suite of investment strategies and vehicles.

Institutional – The Institutional Client Business (ICB) is responsible for developing and maintaining relationships with sophisticated institutional investors, including pension funds, foundations, endowments, official institutions, insurance companies, high net worth individuals, and family offices.

Defined Contribution – BlackRock's U.S. Defined Contribution Group (USDC) is currently one of BlackRock's most dynamic businesses and has been named by senior management as one of the main engines for future revenue growth. Focusing on improving retirement outcomes this group is responsible for both institutional and retail client bases and provides the industry’s leading target date fund LifePath.

iShares – The iShares brand was launched in 2000 and has since become the leading global ETF provider with over $770 Billion in assets under management globally and just under 40% global ETF market share as of June 2013. iShares runs over 600 ETFs globally, holding securities in various asset classes ranging from US domestic equity to fixed income, to emerging and frontier markets.

Relationship Management Locations – New York, NY As part of a Relationship Management team you will work amongst various sales professionals, associates, and analysts and also interface with product strategists, portfolio managers, and researchers across multiple offices. You will support the efforts of Relationship Managers through driving new business relationships and providing superior client service to existing clients.

As an intern on one of these teams, your responsibilities may vary by team but could include: Liaise with Investments and other departments within BlackRock to respond to client’s needs/inquiries Learn BlackRock’s proprietary systems in order to prepare portfolio reviews, market updates, and research reports Contribute to new business pitches, requests for proposals (RFPs), and client presentations Work with teams internally across the Firm Gain broad exposure to asset management, the market, and a wide variety of financial products. Maintain data sources, including client activity, client contact information and product guides

 

Cum dolorem neque voluptatum velit harum quisquam quo velit. Mollitia debitis dolor sapiente autem adipisci officiis eaque omnis. Repellat doloribus neque est tempore incidunt. Fuga nihil qui error ut id veritatis reprehenderit. Ut architecto maxime temporibus doloremque in voluptas. Non est doloribus id sint non quia dolore necessitatibus.

Career Advancement Opportunities

April 2024 Investment Banking

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

Overall Employee Satisfaction

April 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

April 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

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $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
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
numi's picture
numi
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...”