How to land a job at Blackstone, according to the private-equity giant’s president and its HR head
Insider spoke with Jon Gray, the company’s president and chief operating officer, and headhunters who recruit for the firm about what it takes to be a Blackstone associate. Gray joined Blackstone as an entry-level analyst in 1992 and is now the company’s president and chief operating officer.
Does Blackstone pay well?
The city with the highest pay is San Francisco, CA, where The Blackstone Group pays its employees an average of $34,575 per year.
Is Blackstone hard to get into?
The only good news is that it’s easier to get into Blackstone than it is to get into Google, which only accepts about 0.2% of applicants. As a result, it’s probably not a good idea to go in with the mindset of “Blackstone or nothing,” as you’ll almost certainly end up with nothing unless you’re an exceptional applicant.
How much does an associate at Blackstone make?
Associate salaries at The Blackstone Group can range from $82,516 to $188,904, with the average salary of $122,934. This estimate is based on 40 The Blackstone Group Associate salary report(s) provided by employees or estimated based on statistical methods.
Is Blackstone a good company to work for?
In comparison to 59% of employees at a typical U.S.-based company, 91% of Blackstone Group Inc. employees say it is a great place to work.
Who is bigger Blackstone or BlackRock?
Imagine BlackRock, the world’s largest money manager with $5.4 trillion in assets under management, being dubbed “BlackPebble?” Although BlackRock has surpassed Blackstone in terms of assets under management, Schwarzman’s firm still manages $368 billion.
What schools does Blackstone recruit from?
What universities does Blackstone hire from?
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How does Blackstone make money?
Blackstone makes money by providing asset and investment management services, such as management and advisory fees, performance fees, investment income, interest, and dividend revenue.
How good is Blackstone?
The Blackstone is almost entirely made of steel, and it feels durable and reliable. There’s something to be said for the feel of well-made cooking equipment, and while its solid steel body can make it a pig to move around, it’s preferable to feeling like it’s about to collapse at any moment.
How hard is it to get into private equity?
Without prior experience in investment banking or private equity and without attending a typical target school, getting into private equity will be extremely difficult; your best bet is to get a strong job in financial services after graduation and then try to move into investment banking laterally.
Does Blackstone hire out of undergrad?
Private equity firms do hire undergraduates; for example, Blackstone recruits from undergraduates.
Which private equity firms pay the most?
Largest Private Equity Firms FAQs According to the H1B Database, which compiles the base salaries of all U.S. employees under the common H1B visa, Apollo Global Management, KKR and Co., and Brookfield Asset Management paid the highest figures for an Associate position in 2019.
How much does Goldman Sachs pay?
According to the firm’s most recent financial disclosures, the average Goldman Sachs employee earns $367,564 per year, a slight decrease from the previous quarter but a significant increase from a year ago, when average compensation per employee was $254,850.
How many employees does Blackstone have?
The Blackstone Group is a private equity firm based in New York
| Type | Public |
|---|---|
| AUM | US$619 billion (2020) |
| Total assets | US$26,269 million (Q4 2020) |
| Number of employees | 3,165 (2020) |
| Subsidiaries | GSO Capital Partners |