The BlackRock file: salaries and recruitment process
Founded in 1988, BlackRock is now the largest asset management firm in the world. The company is also known for its big data and cybersecurity teams, which contribute to its expertise and leadership in the financial industry. Its revenues amounted to €17.873 billion in 2022.
Read more: What is a data room?
1) What you need to know about BlackRock?
Founded in 1988, BlackRock is an American company chaired by Larry Fink. For many years, the group has been the world's largest asset manager, with nearly $7 trillion in assets.
Blackrock's core business is investment advisory, portfolio management and securities lending.
Le segment principal de Blackrock regroupe les activités de conseil en investissement, de gestion de portefeuilles et de prêts de titres. This segment represents approximately 80% of the company's revenue. The remaining 20% corresponds to risk management and performance measurement technology services.
BlackRock's objective is to prepare the financial future of its clients (a theme that is very relevant in the United Kingdom and the United States, where the retirement system is not as protective as in Europe).
Finally, BlackRock would not really be BlackRock without its essential ETF (Exchange-Traded Fund) offer.
Lire plus : ETFs : definition, functioning and how to invest
2) What values does BlackRock stand for?
BlackRock's mission is to create the conditions for optimal financial management for its clients.
This optimal management is based on 3 pillars:
- Making investment more practical, more transparent, and more targeted through constant innovation.
- Commitment to diversity, equality, and inclusion, and to reducing our environmental footprint.
BlackRock is also known for its risk management and cutting-edge technology, but it is also increasingly committed to sustainable investing and ESG (environmental, social and governance) in its investments. In addition, BlackRock has become a signatory to the Task Force on Climate-related Financial Disclosures (TCFD) initiative and is committed to disclosing information on how it addresses climate change risks and opportunities in its business.
3) What are the steps in the recruitment process?
The recruitment process typically involves the following steps:
First, candidates are typically required to complete an online application form that includes questions about their academic and professional background, as well as the divisions and subdivisions of the company for which they are applying
Secondly, the candidate will be called for an interview where he/she will have to answer several questions (usually 2). The candidate has 3 minutes to prepare, then 1 minute and 30 seconds to answer each question.
Examples of questions you might get at the interview:
- Tell us about a story you have learnt about recently, and how it is related to BlackRock.
- Tell me about a time you worked with people from diverse backgrounds.
Thirdly, the candidate is invited to take the Assesment Center at BlackRock's offices. In general, this stage consists of group work, a presentation, and a case study (such as a market analysis for example). However, the format of the company's assessment center is not fixed and depends on the division chosen.
4) Proposed salaries at BlackRock
At the time of hiring, BlackRock offers interns and young graduates compensation based on salary scales that consider the level of education and experience acquired through internships and apprenticeships.
- Financial associate : 85 000 € / an
- Investment strategist : 95 000 € / an
- Quantitative market risk analyst : 115 000 € / an
These numbers are only an estimate based on data provided by employees and Glassdoor users, and actual salaries may vary based on many factors such as positions, experience levels, and geographic regions. In addition to salaries, BlackRock promotes internal mobility for its employees.
