A website that tells job hunters what it's like to work for various companies rates BlackRock Inc. as just an “OK” place to work, while saying Goldman Sachs Inc. employees are “satisifed.” Glassdoor.com offers reviews of 89,000 companies worldwide from employees, who detail the pros and cons of work life as well as rating their CEO.
The 2-year-old Sausalito, Calif., company offers its database for free to job seekers, but with a catch: Users must rate their current company on a scale of 1 to 5 before being allowed full access to the site. (Reviewers are anonymous.) Among financial companies, the site shows, biggest isn't always best.
BlackRock, the world's largest asset manager, had 125 reviews and received a 3.0 rating, while CEO Laurence Fink received an 85% approval rate.
One poster praised BlackRock for its generous medical benefits, but criticized the company as an “extremely political organization to work for. If you are not in the right club, then you can be excluded. Politics, politics, politics.”
Another poster said the staff of the former Barclays Global Investors — acquired by BlackRock late last year — are being “underused, rather than redeployed.”
Goldman Sachs, on the other hand received a 3.8 rating from 322 employees while CEO Lloyd Blankfein received a 97% approval rate.
One reviewer noted Goldman Sachs has an “open environment,” but that “high expectations can lead to long hours.”