- About Blackrock
- Types of Internships Available
- Explore Opportunities
- Strategies to Win this Blackrock Internship
- Resume Writing Tips for Blackrock
- General Eligibility Criteria
- Understanding Internship Compensation: Are Internships Paid?
- Top 3 Interview Preparation Questions & Sample Answers
About Blackrock
BlackRock is the world’s largest asset manager, overseeing $11.5 trillion in assets as of December 31, 2023. Founded in 1988, the company offers a wide range of financial services, including investment management, risk management, and advisory services to clients worldwide. BlackRock’s Summer Internship Program provides students with a challenging and meaningful experience, offering insights into life as a BlackRock Analyst through hands-on projects, mentorship opportunities, and networking events. Interns work directly with teams across various departments, engage in discussions with senior leaders, and contribute to real projects that impact the organization. The internship program serves as a primary pipeline for full-time positions, making it an excellent opportunity for students to kickstart their careers in finance and potentially secure long-term employment with this global leader in asset management
Types of Internships Available
- Summer Internship Program: A nine-week program for undergraduate and master’s students, providing insight into life as a BlackRock Analyst.
- Areas include: Analytics and Risk, Business Management and Strategy, Finance and Internal Audit, Human Resources, Investments, Legal and Compliance, Marketing and Communications, Sales and Relationship Management, Technology.
- MBA Internship Program: A nine-week U.S.-based experience for MBA students, offering insight into life as a BlackRock Associate.
- This program helps build industry expertise and provides exposure to various businesses within the firm.
- Quantitative Master’s Internship Program: A nine-week U.S.-based program designed for students in quantitative-disciplined master’s programs.
- It offers similar benefits to the MBA Internship Program but is tailored for those with specialized quantitative skills.
- BlackRock Founders Scholarship: While not a separate internship, this is a merit award of $20,000 associated with the Summer Internship Program.
- It recognizes students who have demonstrated leadership and exemplified BlackRock Principles in their communities.
Explore Opportunities
You can explore BlackRock internships by visiting their official careers page at the following URL: BlackRock Internships
Strategies to Win this Blackrock Internship
- Develop strong leadership skills
- Take on leadership roles in student organizations or community projects, such as leading a finance club at your university or organizing a charity fundraising event.
- Enhance your financial knowledge
- Stay updated on market trends and BlackRock’s investment strategies by reading financial news daily and analyzing how global events impact investment decisions.
- Showcase your analytical abilities
- Participate in finance-related competitions or projects, such as creating a mock investment portfolio and tracking its performance over time while documenting your decision-making process.
- Cultivate networking skills
- Attend career fairs, industry events, and BlackRock information sessions to engage with BlackRock employees and alumni, gaining insights and building relationships that could support your internship application.
- Demonstrate your passion for technology
- Develop skills in financial modeling software or learn programming languages relevant to fintech, as BlackRock values technological innovation in finance.
- Highlight your teamwork abilities
- Emphasize experiences where you’ve collaborated effectively in diverse groups, such as describing a group project where you helped resolve conflicts and achieve collective goals.
- Develop a global perspective
- Consider studying abroad or participating in cross-cultural projects to broaden your worldview, as BlackRock operates worldwide and values international experience.
- Showcase your problem-solving skills
- Prepare examples of how you’ve tackled complex challenges, describing situations where you used creative thinking to solve financial or business problems.
- Emphasize your commitment to diversity and inclusion
- Highlight any experiences or initiatives you’ve been involved in that promote inclusivity and diversity, as BlackRock values a diverse workforce.
Resume Writing Tips for Blackrock
- Tailor your resume to BlackRock’s values and focus areas
- Research BlackRock’s core values, such as teamwork, innovation, and integrity, and reflect these in your resume. For instance, if you’ve collaborated on a finance-related project in a team setting, detail your role and how it contributed to the project’s success, emphasizing the collaborative aspect that aligns with BlackRock’s emphasis on teamwork.
- Highlight relevant coursework and projects
- Include specific courses and projects that relate directly to the internship role you’re applying for at BlackRock. For example, if you completed a financial modeling course and worked on a project analyzing market trends, mention this experience in your resume to demonstrate your practical application of theoretical knowledge relevant to the position.
- Quantify your achievements
- Use numbers and metrics to showcase your accomplishments clearly. For instance, if you managed a student investment fund that achieved a 10% return on investment over a semester, include this detail to illustrate your ability to deliver tangible results. This quantifiable success can help differentiate you from other candidates by providing concrete evidence of your capabilities.
General Eligibility Criteria
| Requirement Type | Requirement Detail |
|---|---|
| Academic Status | Applicants should be pursuing an undergraduate or graduate degree from an accredited university. While a specific major is not required, having a background in finance, economics, or related fields can enhance a candidate’s prospects. |
| GPA | A strong academic record is essential, with a minimum GPA of 3.0 on a 4.0 scale preferred. This requirement reflects BlackRock’s desire for interns who demonstrate consistent dedication and intellectual capability. |
| Competencies | Candidates must possess excellent communication and analytical skills. Interns will work in fast-paced environments where effective teamwork and critical thinking are vital for success. |
It’s important to note that these requirements may vary depending on the specific internship position and can change over time. Always refer back to the original job posting for the most up-to-date and accurate eligibility criteria for the internship you’re interested in.
Understanding Internship Compensation: Are Internships Paid?
BlackRock internships are paid. The average hourly pay for interns at BlackRock is approximately $38.08, which is significantly above the national average for internships. Depending on the specific role and location, hourly rates can range from about $36.05 to $59.00
Disclaimer: Please note that internship details, including compensation and benefits, may change over time. It’s essential to carefully review the specific internship listing and ask clarifying questions during the recruitment process to get the most up-to-date and accurate information about the internship you’re interested in.
Top 3 Interview Preparation Questions & Sample Answers
- Why do you want to work at BlackRock?
This question assesses your motivation and alignment with the company’s values.- Sample Response: “I am drawn to BlackRock because of its commitment to innovation in investment management and its focus on sustainability. I admire how BlackRock integrates technology into its investment strategies, and I am excited about the opportunity to contribute to projects that align with my passion for finance and responsible investing.”
- Tell us about a time when you faced a challenge in a team project. How did you handle it?
This question evaluates your teamwork and problem-solving skills.- Sample Response: “During a group project in my finance class, we faced a significant disagreement on our investment strategy. I facilitated a meeting where each member could voice their concerns and suggestions. By encouraging open communication, we were able to reach a consensus that combined our ideas, resulting in a well-received presentation that highlighted our collaborative effort.”
- How do you stay informed about market trends?
This question tests your initiative and interest in the finance industry.- Sample Response: “I regularly read financial news from sources like Bloomberg and The Wall Street Journal, and I follow market analysts on social media platforms. Additionally, I participate in finance-related webinars and discussions at my university to stay updated on current events and trends that could impact investment decisions.”