how much does a blackrock funds lawyer makr

The base salary for Lawyer I in companies like BlackRock Inc. range from $105,390 to $139,290 with the average base salary of $121,290. The total cash compensation, which includes bonus, and annual incentives, can vary anywhere from $109,490 to $151,390 with the average total cash compensation of $128,890.

Full Answer

How much money does Blackrock manage?

As of March, BlackRock manages a staggering $9 trillion in other people's money. That's more than the gross domestic product of every country in the world, except for the US and China.

Is Blackrock a hedge fund or a financial institution?

BlackRock's Aladdin analytic platforms are top-notch, and it also has a financial markets advisory service. In comparison with a hedge fund (or small private equity group), BlackRock is an industry giant that can also be seen as a starfish (cutting off a limb and it would still function).

Who are BlackRock’s clients?

See, some of the largest and most important clients BlackRock has are pension funds, endowments and the like, whose work is vital to the financial wellbeing of some of those who matter most in our society.

Is Blackrock's mandate a bailout for the industry?

After an analyst said on an April earnings call that investors viewed BlackRock's mandate as a "bailout" for his firm or the exchange-traded fund industry broadly, Fink called the question "insulting."

How much do you earn in BlackRock?

The average estimated annual salary, including base and bonus, at BlackRock is $123,130, or $59 per hour, while the estimated median salary is $132,042, or $63 per hour. At BlackRock, the highest paid job is a Director of Sales at $219,384 annually and the lowest is a Marketing Associate at $50,623 annually.

Does BlackRock pay well?

They pay well, but they're not considered especially great places to work. In fact, very few financial institutions made our list of the Best Employers in America, which was based on exclusive data from PayScale.

How much does a BlackRock partner make?

Average BlackRock Human Resources Business Partner yearly pay in the United States is approximately $188,258, which is 112% above the national average. Salary information comes from 10 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months.

Is BlackRock a prestigious place to work?

Company Culture at BlackRock, Inc. 86% of employees at BlackRock, Inc. say it is a great place to work compared to 57% of employees at a typical U.S.-based company.

How much does a MD at BlackRock make?

How much does a Managing Director make at BlackRock in the United States? Average BlackRock Managing Director yearly pay in the United States is approximately $239,254, which is 137% above the national average.

Is BlackRock better than Morgan Stanley?

BlackRock is most highly rated for Compensation and benefits and Morgan Stanley is most highly rated for Work/life balance....Overall Rating.Overall Rating3.83.8Compensation and benefits3.63.6Job security and advancement3.33.3Management3.33.4Culture3.53.61 more row

Who makes the most money at BlackRock?

More than half a dozen investors and people who know him say London-based Hibbert, 51, has often been the firm's highest paid employee globally.

How much do BlackRock board members make?

Compensation by CompanyName And TitleTotal CashEquityLaurence D. Fink Chairman and Chief Executive OfficerTotal Cash $11,000,000Equity $15,999,930Robert S. Kapito PresidentTotal Cash $9,500,000Equity $12,449,488Gary S. Shedlin Senior Managing Director and Chief Financial OfficerTotal Cash $3,300,000Equity $4,224,8872 more rows

Who is bigger Blackstone or BlackRock?

Imagine BlackRock, which grew into the world's biggest money manager with $5.4 trillion of assets under management, being called “BlackPebble?” BlackRock has far surpassed Blackstone in assets under management. But Schwarzman's firm still looks after $368 billion.

Is working at BlackRock stressful?

Is it stressful working at BlackRock? Indeed's Work Happiness survey asked over 48 current and former employees if they felt stressed working at BlackRock. Of the respondents, 58% said that they strongly agreed or agreed that they felt stressed at work most of the time.

How much does a vice president make at BlackRock?

How much does a Vice President make at BlackRock in the United States? Average BlackRock Vice President yearly pay in the United States is approximately $133,949, which is 10% below the national average.

What makes BlackRock so special?

BlackRock was founded as a stand-alone investment management company focused on providing asset and risk management services to clients. The firm brings together expertise across capital market sectors as well as asset allocation, portfolio management, financial modeling, and risk management disciplines.

How much did BlackRock make in 2020?

In FY 2020 (ended December 31, 2020), BlackRock earned $5.3 billion in net income on $16.2 billion of total revenue. As compared with FY 2019, this represents an annual increase in net income of 16.8%. Operating income for FY 2020 was $5.7 billion, up 2.6%. Revenue grew 11.5% compared to the previous year. 5.

What is BlackRock technology?

BlackRock offers a range of technology systems, risk management, and other digital distribution tools to select insurance company, bank, pension fund, and asset manager clients. 9 Technology services accounted for $1.1 billion in revenue for FY 2020, or about 7% of the total. This figure was up 16.9%. 5

What is BlackRock doing in 2020?

In late March 2020, the U.S. Federal Reserve tasked BlackRock with helping to carry out the central bank's bond-purchasing program as part of its broader response to the COVID-19 pandemic. BlackRock was instructed to purchase agency commercial mortgage-backed securities on behalf of the New York Federal Reserve.

When did BlackRock acquire Aperio?

BlackRock completed its $1.05 billion acquisition of personalised indexing firm Aperio on February 1, 2021. BlackRock is the parent company for the iShares group of ETFs, the largest global provider of ETFs. 2 BlackRock reports as a single business segment, 3 deriving the majority of its revenue from investment advisory ...

Does BlackRock report on income?

As indicated above, BlackRock operates as a single business segment and does not report on income for individual parts of its business. However, it does divide its revenue according to categories for "Investment advisory, administration fees and securities lending revenue," for "Investment advisory performance fees," for "Technology services ...

How much money does BlackRock manage?

The company bases this distinction on the fact that it commands more than $6 trillion in assets under management as of December 2017, but its breadth is also acknowledged by others in the business world.

Why does BlackRock need to deliver more than financial performance?

In January 2018, BlackRock CEO Larry Fink wrote in his annual letter to CEOs that companies that want to prosper over time need to deliver more than financial performance because “society is demanding that companies, both public and private, serve a social purpose.”.

How is BlackRock's market cap determined?

Market capitalization is determined by the total dollar value of a company’s outstanding shares, which helps investors determine the relative size of a company. BlackRock’s market cap range — with a 52-week high of $95.2 billion and a low of $65.4 billion — reflects how the market as a whole values the company, and investor differences mean the value is in contention. Although some prospective investors might not feel comfortable putting their money in a company with big market cap range, they should also note the sheer amount of money flowing in and out of BlackRock versus the approximately $30 billion difference.

Who is Larry Fink?

Fink’s strong leadership since BlackRock’s inception has been acknowledged several times: He was named one of the world’s greatest leaders by Fortune in 2018, CEO of the Decade by Financial News in 2011, and one of the world’s best CEOs by Barron’s for 11 consecutive years.

How much money does BlackRock manage?

1. BlackRock controls $9 trillion, making it the largest money manager in the world. As of March, BlackRock manages a staggering $9 trillion in other people's money. That's more than the gross domestic product of every country in the world, except for the US and China.

What is BlackRock's money handling?

BlackRock's makes most of its money handling investments for outside clients, mostly institutions like public pension plans, endowments, and foundations. As of March, nearly 60% of its overall assets under management are for institutional investors, most of which are products linked to stock markets.

What company did BlackRock buy?

Last year, the firm said it would acquire a California-based investment provider called Aperio for approximately $1 billion in cash. In 2019, BlackRock acquired eFront, a French startup that runs alternative investments management software, for $1.3 billion.

What was BlackRock's role in the 2007 financial crisis?

During the global financial crisis of 2007-2009, the Federal Reserve Bank of New York asked BlackRock's FMA division to handle assets of Bear Stearns and AIG, both on the verge of collapsing.

When was BlackRock founded?

For its largesse in investment management, it's a new firm by Wall Street institution standards. BlackRock was founded in 1988 by Fink, who also serves as the chairman, and seven others, including BlackRock President Robert Kapito and senior advisor Barbara Novick.

Who is Larry Fink?

BlackRock Chief Executive Larry Fink was reportedly under consideration by 2016 presidential candidate Hillary Clinton to run the Treasury Department. He was also rumored to be under consideration for Biden's administration.

Does BlackRock allow private equity?

Read more: The US government has pitched a policy that would allow private equity into your retirement fund. BlackRock is salivating at the possibility — here's how the $7 trillion manager would benefit. 1. BlackRock controls $9 trillion, making it the largest money manager in the world.

BlackRock's Financials

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