Evaluate Offer at Blackrock
Hi, please evaluate my friend’s offer: Role: Associate, equity analyst YOE: 3 years sellside equity analyst Base: $110k Location: NYC HR mentioned that year end bonus would be around $90k. My friend’s TC is $140k right now. The base seems too low and I’m wondering what the average associate’s base is at Blackrock. Do new joiners usually get sign on bonuses?
There is no way the bonus will be $90K at BlackRock. Complete fake news. Base is higher than for most associates at the firm. If you want to make money, don’t come to BlackRock. The only consistency at this firm is that it’s cheap in all aspects
I'm with BLK but not in the US. Totally agree with what is said here. You get a discount to market comp. You have to really negotiate at joining otherwise it's impossible after accepting. In PMG as someone else said bonus can be as high as salary. BLK takes a total comp approach so you should negotiate the parameters of your total comp not just base salary.
That's a fairly normal junior associate base, bonus is really solid if they actually make good of that. Is PMG but is team dependent.
I would have HR provide that bonus estimate in writing if possible and confirm the figure with the hiring manager directly. Also, it’s not unheard of for associates to make $200k+ in TC. It depends on the department. Base tends to be low at BLK but it’s gotten better over the years.
If its not on paper, DO NOT believe it. HR talks big numbers but when it comes to that, its not even 10K. Have been lied about, faced, learnt, left.
It’s possible in PMG. The bonus even for associate level can be 70-100% of the base. 90k is 80% so it’s possible for sure
Also believe that the associate level base salary should be 125k
The base sounds a little low for an associate around 20-30k too low...but the bonus is out of this world crazy high... like 3x what I would expect.
Bonus numbers can fluctuate year by year depending on whatever excuses they come up with. As others have stated, and being employed by BLK for a number of years, I wouldn’t take the bonus numbers seriously.
Don’t believe the HR
Are you sure about year end bonus. Never heard of this , usually it's 15k - 30k for associate
Also which location ?
NYC