Inclusion and diversity are key to our success. By fully leveraging our diverse experiences, backgrounds and insights, we can inspire innovation, challenge the status quo and create better outcomes for our people and our clients.

Our active approach with our people

BlackRock is committed to cultivating and advancing diversity in all forms because we believe a wide range of perspectives and talent is crucial to creating a richer culture for our employees and a greater experience for our diversified global client base.

Senior business leaders make sure that all employees in their groups understand why diversity is important for success and equip them with tools and knowledge to foster inclusion. We have made inclusive leadership and management a core leadership competency. Since 2015, more than 2,500 managers and leaders globally participated in Driving Better Decisions , an initiative that helps leaders and managers understand how unconscious bias works and, most importantly, provides concrete tools and guidance on how to take action to mitigate bias in key people and business decisions. As part of this program, we have redesigned key human resources processes to minimize the potential for bias and foster diversity. BlackRock’s efforts to use diversity as a driver of success were profiled in a 2015 Harvard Business School case study .

We hold our businesses accountable for progress in inclusion and diversity. During our Quarterly Business Reviews, we have focused conversations with each business about their plans and progress. We report our progress against our inclusion and diversity initiatives regularly to our Board of Directors.

As a signatory of HM Treasury’s Women in Finance Charter , which seeks to build a more balanced and diverse financial services industry, BlackRock is committed to achieving 30% female representation in senior management by 2020.

Our programs

BlackRock sponsors several employee programs and networks designed to develop, connect, mentor, educate and inspire diverse employees.

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The BlackRock Founders Scholarship
The BlackRock Founders Scholarship is for Black, Hispanic, Native American, LGBT and disabled college juniors in the United States who excel in their studies and demonstrate leadership in creating and sustaining diverse, inclusive communities. Through the BlackRock Founders Scholarship, BlackRock gives student leaders from underrepresented groups the opportunity to shape our firm and our industry through a $15,000 merit award and a position in our summer internship program. This program has helped to increase the diversity of our Analyst new hires.​​​​​​​ 
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The Women’s Leadership Forum
Launched in 2011, BlackRock’s Women’s Leadership Forum is a specialized year-long program for high-performing women at senior levels of the firm. It provides participants with insight, sponsorship and a global network to expand their leadership impact and scope. Since its inception, more than 80% of participants have moved into new or significantly expanded roles in the firm. Several have been named to key governance bodies for BlackRock, including the Global Executive Committee and business and regional executive committees.
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Find Your Future Forum
Our educational program for freshman and sophomores aims at increasing awareness of an interest in financial services careers among diverse student groups from all academic disciplines. In 2015, more than 120 students participated in forums across the United States.
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The Leadership Excellence and Development (LEAD) Program
LEAD is a new program designed to help build our global bench of diverse leaders earlier in our pipeline and specifically in populations where we want to engage and retain talent. Launched in 2016 with a cohort of 72 global VPs, LEAD intends to develop, challenge and engage high performers deeper in the organization through structured learning, hands-on project work, and sponsorship.

Our employee networks

Our communities provide an opportunity for employees across the company with a diverse range of backgrounds, experiences and perspectives to connect with one another.

active approach

Our active approach with clients and business partners

Our annual Global Investor Pulse surveys 31,000 investors globally, with an equal gender split across all regions. Results provide actionable insights on how investors are investing and how to best educate and support them so they can build strong financial futures.

BlackRock has a dedicated “Emerging Broker” program aimed at increasing connectivity and engagement with minority, women, and disabled-veteran owned firms while helping them grow their businesses. The program looks to 1) Identify new brokers and strengthen current relationships by aligning Emerging Brokers’ core competencies with our trading businesses; and 2) Continue to look for ways in which Emerging Brokers can engage in competitive business and introduce new means for them to become more competitive in the broader market place.

Our active approach beyond our walls

BlackRock is focused on supporting inclusion and diversity both inside and outside the firm. BlackRock has strategic partnerships with several organizations to help us attract and develop top talent from diverse backgrounds, and to support inclusion and diversity beyond the workplace.

Some examples of our involvement include:

  • Larry Fink, our CEO, is a founding member of the 30% Club in the U.S., a group that aims to achieve gender balance on boards and throughout organizations. Michelle Edkins, Global Head of Investment Stewardship for BlackRock, serves on the U.S. Steering Committee and Chairs the 30% Club Investor Relations Group. BlackRock also plays an active role in 30% Club groups in Australia, the UK and Hong Kong.
  • BlackRock is a member of the Bias Interrupters Working Group at the UC Hastings College of Law. The working group brings leading researchers together with a select group of corporate partners to develop innovative models for addressing work-place bias by integrating bias-correcting mechanisms into basic business systems.
  • BlackRock supported the Gay and Lesbian Advocates and Defenders’ Defense of Marriage Act amicus brief, and was honored by Open Finance for the leadership that BlackRock demonstrated in signing the amicus brief.

Additional key partnerships

Diversity in action

40%

Female Employees

28%

Female Senior Leaders

36%

Ethnic Minority US Employees

45%

Female 2017 New Hires

36%

Female Senior Leaders 2017 New Hires

47%

Ethnic Minority US 2017 New Hires

24%

Female Board of Directors

Note:

Representation numbers per Jan. 1st, 2018

Senior Leaders include Senior Managing Directors, Managing Directors and Directors
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In the UK we disclose what the government calls a “gender pay gap.” All organizations with 250 or more employees in the region must report their gender pay data. In our report, we outline the steps we’re taking to increase the number of women in our senior-most ranks, and across the firm in general.
​​​​​​​View our report here.