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Full database access + industry reports: IB, PE, HF, Consulting
$8.08per month billed annually
...or $19 month-to month
Includes All Industry Reports
25k Interviews, 39k Salaries, 11k Reviews
IB, PE, HF Data by Firm (+ more industries)
Free Month
Contribute to the database and get 1 month free* Full online access!
$0
Contribute and get 1 month free!
2 days free for intern submissions
Most Popular
WSO Premium
Full database access + industry reports: IB, PE, HF, Consulting
$8.08per month billed annually
...or $19 month-to month
Includes All Industry Reports
25k Interviews, 39k Salaries, 11k Reviews
IB, PE, HF Data by Firm (+ more industries)
529 total salary submissions
3.6
Avg. Hours Worked (91%)
The average hours worked chart shows the distribution of average hours worked per week generatedbased on the Compensation data at this company.
The number you see in the middle of the doughnut pie chart is the adjusted average of thesescores. If you hover over the various sections of the donut, you will see the % breakdown of eachworkload given.
The percentile score in the title is calculated across the entire Company Database and uses anadjusted score based on Bayesian Estimates (to account for companies that have few interviewinsights). Simply put, as a company gets more data points, the confidence of a "true measure"increases so it is pulled closer to its simple average and away from the average of the entiredataset.
55.4
Relative Compensation (92%)
The Relative Compensation is a score from 1 star (very bad) to 5 stars (excellent) generatedbased on the Company Reviews of current and former employees at this company based on relativepay.
The number you see in the middle of the donut pie chart is the simple average of these scores. Ifyou hover over the various sections of the donut, you will see the % breakdown of each scoregiven.
The percentile score in the title is calculated across the entire Company Database and uses anadjusted score based on Bayesian Estimates (to account for companies that have few reviews).Simply put, as a company gets more reviews, the confidence of a "true score" increases so it ispulled closer to its simple average and away from the average of the entire dataset.
3.2
Average BlackRock Salary
Total Median Pay
$115,000
Median Base Pay
$85,000
Median Bonus Pay
$30,000
How much does BlackRock pay?
Base range:$60,000 - $140,000
For this salary and bonus range, Low is the 10th Percentile andHigh is the 90th Percentile. These ranges are from employerspecific salaries submitted by WSO members.
Bonus range: $8,000 - $117,500
BlackRock pays an average salary of $85,000 per year.This base compensation is the equivalent of $43 per hour assuming a 40 hour work week (2,000 hours per year).The actual average hours worked per week at BlackRock based on our data is actually 55 hours, which would bring down the true effective hourly rate to $32 on average.If you include the average bonus of $30,000, then the total average pay at BlackRock would be $115,000 per year or $44 per hour at the 55 hour work week.
There's a wide range between what the company pays the top 20 percent and the bottom 20 percent of earners. This is largely dependent on seniority and location. BlackRock pays the highest-paid employees over $162,000 a year, while the lowest-paid employees are paid less than $80,000.BlackRock employees in different groups or divisions tend to have different salaries as well.For example, employees in the Credit sector earn an average yearly salary of $215,000.While employees in the Program Management Group sector earn an average yearly salary of $70,000.Additionally, geographic location can impact the compensation for employees at BlackRock as well. Based on the WSO data, BlackRock employees in San Francisco and Hong Kong get paid the most.
Filter BlackRock Compensation by Position, Location and/or Division
| Year | Position | Location | Group/Division | Pay Rate/Type | Bonus |
|---|---|---|---|---|---|
| 2022 | Equity analyst | New York | Investments | Unlock | Unlock |
| 2021 | Analyst | New York | Risk | Unlock | Unlock |
| 2021 | vp | NEW YORK | Asset Management | Unlock | Unlock |
| 2021 | vp | NEW YORK | Asset Management | Unlock | Unlock |
| 2021 | Software Engineering Intern | Boston | Information Technology (IT) | Unlock | Unlock |
| 2022 | Director | New York | Fixed Income | Unlock | Unlock |
| 2023 | mba intern | New York | Risk Management | Unlock | Unlock |
| 2022 | VP | New York | Asset Management | Unlock | Unlock |
| 2022 | Associate Portfolio Manager | San Francisco | Investments | Unlock | Unlock |
| 2022 | Associate Portfolio Manager | san francisco | Investments | Unlock | Unlock |
Position
# of Submissions
Avg Total Annual Comp
$ in USD
Total Pay Range
The blue bars below represent the minimum and maximum base salary for each position.
If salary is over $300k, we still show the max # but cap the length of the blue bar not to throw off the scale for the other positions.
The dark blue line within each bar represents the average salary for that position. The green line within each bar represents the median salary for that position. You can get the exact average and median by hovering over any bar
For interns and other positions that are paid hourly, weekly or monthly, we have annualized their base salary for easy comparison based on a 40 hour work week and 50 weeks worked per year.
Highest Paying Jobs at BlackRock
| Year | Position | Location | Group/Division | Pay Rate/Type | Bonus |
|---|---|---|---|---|---|
| 2022 | Vice President | San Francisco | Portfolio Management | Unlock | Unlock |
| 2018 | Managing Director | New York | Sales and Trading | Unlock | Unlock |
| 2016 | Director, Portfolio Management | London | Asset Management | Unlock | Unlock |
| 2022 | Vice President | New York | Equity Research | Unlock | Unlock |
| 2010 | Managing Director | Princeton | Investment Management | Unlock | Unlock |
| 2018 | Research Analyst | New York | Fixed Income | Unlock | Unlock |
| 2017 | Director | New York | Investments | Unlock | Unlock |
| 2019 | director | New York | Real Estate | Unlock | Unlock |
| 2018 | Director | New York | Consulting | Unlock | Unlock |
| 2017 | VP | New York | Debt Capital Markets | Unlock | Unlock |
Average Pay by City for BlackRock
Below we use 529 salary submissions to order the is the total average compensation by city for BlackRock. Cost of living across the world varies a lot, so this data gives you a sense if there are significant adjustments for higher cost of living. Looking at the WSO data, the city with the highest average salary is San Francisco, where employees earn an average salary of $125,000.
Salaries by Location at BlackRock
| Rank | City | Total pay Range | Range of $/hr |
|---|---|---|---|
| 1 | San Francisco | $90,000 - $155,000 | $45/hr - $78/hr |
| 2 | Hong Kong | $70,000 - $146,773 | $35/hr - $73/hr |
| 3 | New York | $80,000 - $144,000 | $40/hr - $72/hr |
| 4 | Princeton | $68,000 - $120,000 | $34/hr - $60/hr |
| 5 | London | $58,500 - $110,000 | $29/hr - $55/hr |
| 6 | Wilmington | $53,500 - $63,000 | $27/hr - $32/hr |
Average rate per hour is calculated based on 40hr week or 2,000hr year.
BlackRock Salaries by Department
Salaries at BlackRock depend on the group, division, department or function. Employees who work in the Credit group tend to get paid the most at at BlackRock, earning an average yearly salary of $215,000. Employees in the Quantitative Research receive relatively high salaries as well, where wages average $214,000 per year. A division that does not pay as well at BlackRock includes the Program Management Group group, with employees earning $70,000 on average.
| Rank | Department | Average Pay | Average Hourly Pay |
|---|---|---|---|
| 1 | Credit | $215,000 | $108/hr |
| 2 | Quantitative Research | $214,000 | $107/hr |
| 3 | Private Equity | $190,500 | $95/hr |
| 4 | Human Resources | $187,500 | $94/hr |
| 5 | Infrastructure | $175,000 | $88/hr |
| 6 | Investments | $160,000 | $80/hr |
| 7 | Alternative Investments | $150,000 | $75/hr |
| 8 | Equity Capital Markets | $150,000 | $75/hr |
| 9 | Real Estate | $145,000 | $73/hr |
| 10 | Debt Capital Markets | $143,500 | $72/hr |
Average rate per hour is calculated based on 40hr week or 2,000hr year.
Recently Added BlackRock Salaries
| Year | Position | Location | Group/Division | Pay Rate/Type | Bonus |
|---|---|---|---|---|---|
| 2022 | Equity analyst | New York | Investments | Unlock | Unlock |
| 2021 | Analyst | New York | Risk | Unlock | Unlock |
| 2021 | vp | NEW YORK | Asset Management | Unlock | Unlock |
| 2021 | vp | NEW YORK | Asset Management | Unlock | Unlock |
| 2021 | Software Engineering Intern | Boston | Information Technology (IT) | Unlock | Unlock |
As an industry expert with a deep understanding of financial data and compensation structures, I can shed light on the intricacies of the information presented in the article related to BlackRock's compensation and employment details. My expertise in finance and data analysis allows me to interpret and provide insights into the various concepts covered.
The article primarily focuses on BlackRock's compensation data, including salary ranges, bonus structures, and other related information. Let's break down the key concepts and provide additional context:
-
Salary and Bonus Information:
- The average salary at BlackRock is $85,000 per year, with a median base pay of $85,000 and a median bonus pay of $30,000.
- The base salary range is $60,000 to $140,000, and the bonus range is $8,000 to $117,500.
- The total average pay, including bonuses, is $115,000 per year.
-
Average Hours Worked:
- The average hours worked per week at BlackRock is 55 hours, impacting the effective hourly rate.
-
Salary Distribution:
- There's a notable difference in compensation between the top 20% and bottom 20% of earners at BlackRock, influenced by seniority and location.
- The highest-paid employees earn over $162,000 a year, while the lowest-paid employees receive less than $80,000.
-
Salary Variations by Division:
- Different divisions at BlackRock have varying average salaries. For instance, employees in the Credit sector earn an average yearly salary of $215,000, while those in the Program Management Group sector earn $70,000 on average.
-
Geographic Impact on Compensation:
- Geographic location also plays a role in compensation. Employees in San Francisco and Hong Kong tend to receive higher pay.
-
Position-specific Compensation:
- The article provides detailed information on the average total annual compensation for various positions at BlackRock, ranging from Managing Directors to Interns.
-
Highest Paying Jobs and Locations:
- It highlights the highest-paying jobs at BlackRock, mentioning specific positions, locations, and pay rates.
-
City-wise Compensation:
- The average salary by city is outlined, with San Francisco having the highest average salary of $125,000.
-
Department-wise Compensation:
- Salaries at BlackRock vary by department, with the Credit group and Quantitative Research receiving higher average salaries.
-
Recent Salary Additions:
- The article includes recently added salary information for positions such as Equity Analyst, Analyst, VP, and Software Engineering Intern.
In summary, this article provides a comprehensive overview of BlackRock's compensation structure, considering factors like position, location, and department. The data is essential for individuals seeking insights into the financial industry's salary landscape and understanding how various elements contribute to overall compensation at BlackRock.
