BlackRock

Robust culture

The firm "prides itself on having a strong culture," which may be a holdover from "its smaller days as a mom-and-pop shop." The firm also has "very intelligent," "talented" people. All in all, BlackRock is a "results-driven, hardworking firm with an unwavering focus on details," says an insider. Still, it is a "relatively new firm by Wall Street standards," notes another, "and the firm is quickly growing in all respects: from clients to new employees. The people at the firm are among some of the best in their field and many leave the big houses to come work at the firm." Indeed, "as an asset manager, BlackRock hires the best." Youth is the dominant factor in BlackRock's culture. "The overwhelming aspect of the BlackRock culture is how young the firm is," says a source. "The average age of a BlackRock employee is 33. That speaks volumes for the level of movement within the firm for new analysts. Many of the portfolio managers began their careers at BlackRock right out of college." According to that source, all that youth has a tangible effect. "Having such a young team of professionals maintains a culture of meritocracy," says that investment manager. "Everyone is accessible to everyone, else and questions can be asked of whomever."