What do ibanks think of Blackrock?

blackrock is known for asset mgmt, not anything else

in fact, isn't it the AM arm of JPM?

ML, actually. Figure out if you want to do asset mgmt, IB, or S&T. Why are you even trying to compare it to these other lines of business?

This is why WSO really needs to get the system of having "verified" wall street people so college students will stop spouting stupid crap. (and I thank you for being one of the few people to put it in the correct forum)

I currently intern at BlackRock (Yes I know the hypocrisy of criticizing college students) and have many friends in banking/S&T. Blackrock is VERY respected by the investment banks and has constant exposure with investment banks. We are one of the few companies to profit from Subprime, and all the I-banks were trying to get our CEO Larry Fink. It is an asset management firm, but its HUGE and does ALOT. Whereas you can't directly lateral into a M&A position from blackrock, you definitely can easily get into structuring, sell side investment management,sell-sode trading etc. BlackRock is probably the most respected asset manager out there.

The great thing about BlackRock is that its a firm that most I-bankers/S&T want to JOIN, not vice versa. Portfolio management is significantly less hours than I-banking, with great pay. Starting off as analyst in account management group, Portfolio analytics, etc you can get into portfolio management as soon as 2-3 years if you are good. The company keeps you in for perpetuity, so there's no worrying about a 2 year stint and then grad school, its extremely easily to move around the company, and they don't seem to fire people at all. Great culture and everything.

BlackRock is a PUBLIC company with 1.3 trillion under assets, its not an arm of JPM or ML. They started off in BlackStone, broke off in '88 and become public in the mid 90's. They BOUGHT Merrill Lynches Asset Manager arm last year, but we own a part of Merrill, not vice versa. (although Merrill own 47% of our stock due to the merger, so it gets dicey, but they are forbidden from taking control of BlackRock)

Currently I have IBD interviews at Barclays and TD Securities, and I will definitely take any front office job at Blackrock over TD Securities. If I get Barclays IBD, I would probably take BlackRock if I get into the Alaternative investments or AMG - Capital Markets. I have a bunch of interviews within BlackRock coming up so I'll see where I land.

Thanks from the inside

I agree I need to also figure out things on my own. It is just that I don't like IBanking work it is so boring! but I don't know if I can cut it on the floor (although Im in sales), so asset managment seems to be in the middle....

is it easier to lateral from S&T to Blackrock or Blackrock to S&T if I want to make a career switch later on? Looking at AMG

sorry for hijacking the post...

but can anyone make some comparison between GSAM & BlackRock in terms of culture,pay and exit opportunities?

Thx

interviewed with BlackRock, brilliant people. but i think i'm doing S&T with barcap.

untitled, where in nyc or asia?

I have a barcap offer in nyc, debating between that and cs hk haha