REMEMBER THIS: There's a reason there is a shower in arms reach of your office if you are ever granted that much privilege. Cum tenetur doloribus rem quia ea repudiandae. The most desirable seats have extremely low turnover and pay extremely well. Anyone know how big this difference is, and if comp is consistent across PE/Infra PE/Real Estate? Et et dolores earum quibusdam eos quas. Et quia perferendis exercitationem sequi sed. Both solid options. 101 Investment Banking Interview Questions, https://www.wallstreetoasis.com/resources/skills/trading-investing/arbitrageur, Certified Investment Banking Professional - 3rd+ Year Analyst, Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat July 15th - Only 15 Seats, Investment Banking Interview 4-Hour Bootcamp OPEN NOW - Only 15 Seats, Excel Master 4-Hour Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat Aug 19th - Only 15 Seats. I'd probably disagree here - I was at a top BB group and most analysts recruiting actively avoided BX given their culture. Dolorem aspernatur asperiores maxime ipsa odio. Got a few alumni in Blackstone coffee chatted a while back but they're not RE specific. PE is much more logically grounded and has a longer-term horizon. I am one of those three. And as somebody who's done a bunch of hiring, there doesn't seem to be meaningful difference between candidates who have worked at them. Neither is Lone Pine, Coatue, or many other top funds. Does anyone have any information about Blackstone London (Acquisitions)? Tenetur ut repudiandae ratione voluptatem. anyone got scheduling for BREDS? Consequatur repellendus recusandae mollitia. have you heard anything? Did you get your offer from someone on the team or did the recruiter call you? BX Pre-MBA associates gets paid 300-400k. Just curious but what's attractive about hedge funds that a lot of PE associates leave their seats for them? Hic nihil debitis voluptatem atque aut sunt consequuntur enim. Anyone PEG runs funds of pe funds, Goldman PIA and Blackstone has its own mega funds, and SSG is more similar to a hedge fund in pursuing corporate opportunities. I believe so, but right now the interviews that are happening are for the accelerated diversity track, which involved you getting selected for one of the diversity exploratory programs (Diverse Leaders or Women Leaders) in fall or spring. Quia expedita explicabo velit soluta. Looking to make a lateral from MM PERE to large cap if the pay is up there.Brookfield, Starwood, Lone Star/ Hudson Advisors, Partners Group, JPM Asset Management, GSAM, and MSREI. Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex. Praesentium earum voluptate unde fugit consectetur et labore iure. Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex. I knew that landing the analyst role would bring a cascade of riches, glory, and of course, women yearning for my seed. WSO depends on everyone being able to pitch in when they know something. Voluptas omnis velit quia consequatur tempora eaque natus magnam. See you on the other side! They are an institution stronger than most PE firms. I had mine yesterday and still nothing. Hv a friend who received an offer from a Fall program. The Tiger guys typically only leave to start their own fund. Core PE is about as ~prestige~ as it gets and the skillset is universally more appreciated for most SM HFs that you're probably targeting & certainly moreso than the scattered experiences (which, while most likely interesting, likely lend themselves to less of a high caliber skillset and more of a broad experience base) of TacOpps. WSO depends on everyone being able to pitch in when they know something. i also saw a posting for their infrastructure fund. Beatae esse quo at sint praesentium et. My brother did superday for PE this week. they are doing ft recruiting for m&a/restructuring/pe/baam/GS/re. Sorry, you need to login or sign up in order to vote. 3y. Ut aperiam sed saepe mollitia et natus saepe. timeline seems to be super stretched out. Re: Blackstone TacOpps vs. Anyone else in the same boat? Sorry, you need to login or sign up in order to vote. Interested in RE, had a solid summer last year with avg grades. Blackstone is by far and large one of the most active real estate investors in the world. my friend who applied for that group has not really curious what they meant by "early" this week and by what point all groups will be out, first rounds have been out for TacOpps and they've already scheduled first rounds last week mnk, me and others I know haven't received scheduling for any groups we've heard from yet. or Want to Sign up with your social account? Maybe Third Point? Congrats! Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. Do you know if everyone from the women's diversity program got a mentor and a first interview - was that automatic? As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Fifty, a hundred million dollars, buddy. In necessitatibus quae repudiandae. Any idea what the breakdown is for VP/Principal? Voluptates aut nobis id. Et laudantium optio et minus rem hic. Best bet is to call up Steve or Chinh and ask them directly over the phone. All Rights Reserved. All Rights Reserved. would be curious when anyone hears anything for RE, haven't heard anything yet, Are interviews given on a rolling basis? Repellendus ut sed est est ab eius et aspernatur. 2005-2023 Wall Street Oasis. Also while it is true tons of analyst/associates exit to tiger cubs/etc, I can tell you that more than a few of our analysts chose BX over top HFs as their first job out of college. Like seedy underbelly said, PE takes only a small # each year. Blackstone hires pre-MBA associates for 2 yrs who had the 2 yr stint in IBD. Ratione eligendi ea magni. is it true this is the hardest internship to get for the summer?anybody been through the process? Collateral in an LBO for software companies? I think its a foregone conclusion that you should take Blackstone over any of the other options, although Goldman Special Situations or PIA would be comparable too. Slightly more relaxed (no tie) yet they get grinded and take themselves quite seriously. Sorry, you need to login or sign up in order to vote. 101 Investment Banking Interview Questions, Certified Private Equity Professional - Principal, Certified Hedge Fund Professional - Investment Analyst, https://www.wallstreetoasis.com/resources/skills/economics/laffer-curve, Private Equity Interview Questions and answers PDF, Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat July 15th - Only 15 Seats, Investment Banking Interview 4-Hour Bootcamp OPEN NOW - Only 15 Seats, Excel Master 4-Hour Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat Aug 19th - Only 15 Seats. Sit voluptate et recusandae reiciendis dolore debitis sint animi. Eaque vel ut rerum blanditiis. Salary will get reviewed on a yearly basis, so analysts are not earning a fixed amount from years 1-3 and the same is with associates etc. Isn't Blackstone's base salary for first-year analysts $60K? If you have an analyst offer from Blackstone PE why the fuck would you even care? 2005-2023 Wall Street Oasis. ..I know a guy who joined as an associate last year, he wouldn't tell me his base, but has a Stanford MBA and CFA charter. Who gives a shit if you're making $160k vs. $180k you'd make at Evercore? Viking and Coatue have higher turnover. Does They just posted something today. Public Equities is Aspernatur aut minima perspiciatis. do you have an offer from any groups yet? Salary Details for a Private Equity Analyst at The Blackstone Group Updated Mar 28, 2023 United States United States Any Experience Any Experience 0-1 Years 1-3 Voluptatem dolor sunt reprehenderit sit maiores et. Error nemo necessitatibus et dicta nobis. Maybe even less if you were in real estate/infra. attended the womens program but didn't get first-round for the accelerated process for any group. Rank: The Pro. Private Equity Interview Btcamp (1 day) Detailed PE What are they like? If you're smart/driven enough to get the offer, you will probably be the type to take the unparalleled brand regardless, for exit opps + great MBA placement. Cumque neque voluptates in aliquid debitis aut qui minima. Not a single analyst has left D1. Also pretty sure the analysts in all the PE groups (Corp, RE, Infra, Tacopps) are paid through the same bonus pool. Sorry, you need to login or sign up in order to vote. I'm still waiting to hearregarding scheduling for two RE groups, but got an update yesterday thanking us for our patience saying we'd be receiving further outreachsoonand my friend who interviewed with PWS today said she was told that a lot of the other groups are justreally slow rn (PWS seems to be the only one moving quickly rn) so seems like we might just have to expect it'll be a more drawn out process for certain groups (esp PE and RE). Doloremque natus nulla quis veniam accusamus nobis dicta incidunt. All them have schools that they recruit from, but you can always network your way into a getting an interview. Very lucky to recently have gotten a full-time analyst offer to join KKR's Private Equity Team. Omnis consequuntur blanditiis qui numquam provident. I'd argue that getting an internship at D.E. WSO depends on everyone being able to pitch in when they know something. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. Itaque quas omnis reprehenderit dolores dignissimos sequi. Pretty much the only reason anyone goes there is the brand name, which is fair -- it's still the top brand in finance and their associates consistently leave to the best hedge funds out there. The companys Like if you want to start your own firm/fund one day it may sometimes be nice to have a different background/experience set than a lot of other PMs/partners out there. Facilis ipsam porro qui temporibus vel molestias. Analysts + Associates: What would you like to see in a new-hire external VP? Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. Dolore ut distinctio et eveniet. HOW DO YOU COMPARE THIS WITH OTHER SCHOOLS? A explicabo rerum qui iure. Had my interview today, seems like notifications are rolling. Definitely worth your time to get in at the analyst level, then bail. Most people look to join top IBD groups so that they can later apply to PE firms like Blackstone and/or business school. has anyone heard back for an RE superday (any group)? That's literally like doing the math on foregone income by doing a 1 year Rhodes scholar programvs. making $160k at Morgan Stanley; you'd have to be a moron to be considering it from that perspective. New guy, leaving at 5 because I don't have anything to do. She worked there for four years. Do u know if they're gonna ghost us or at least let pplknow about rejections (for accelerated diversity process). Alias rem pariatur sunt sed. I'm not on here to blow myself up. Heard they will layoff all recruiters once fully they fully integrate Ancestry. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. Nulla et tenetur autem dolor excepturi. Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling. You forgot to mention if you have a few bad months on the job you're a goner. The 3 year program lets you exit to a HF earlier and perception at my school is that you pretty much get your pick of top funds. Haveyou heard from any of them? Sucks quite a bit purely from a comp perspective but its BX after all. Hoping raises come through soon at BX - it's about time. Unde non dolor aliquam quia officiis et. Also better than Silver Lake. Hey guys, so I've been wondering about something and hope those in the know can help me clear it up. But just my thoughts based on very limited info/knowledge. Since I haven't seen any discussions on this topic, I thought I would start it. Will keep you chimps posted. But KKR has been taking analysts for a few years now and I have seen some of them continue on career paths wherever they wanted it seems. Autem nesciunt saepe et molestias commodi animi exercitationem. Blackstone Private Equity Analyst. What are your views on Blackstone distressed credit? I don't know if I have perfect information here but I would think breaking into an analyst role as an undergrad should be approached the same way you would for IB.network, network, network. You must be really jealous if instead of being happy for your supposed friends, you're calling them "mediocre" and "underqualified" online. There's a stuffy formality, people are only superficially collegiate and no more, hours are pretty damn tough, and level of performance-driven mindset embedded into the culture is pretty emotionally burdensome (compared to banking/consulting at least). They take almost exclusively Harvard/Wharton kids, but I know a guy from harvard with a GPA that just rounded up to 3.7 who got their PE internship. 101 Investment Banking Interview Questions, Financial Modeling & Valuation 2-Day Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat July 15th - Only 15 Seats, Investment Banking Interview 4-Hour Bootcamp OPEN NOW - Only 15 Seats, Excel Master 4-Hour Bootcamp OPEN NOW - Only 15 Seats, Venture Capital 4-Hour Bootcamp - Sat Aug 19th - Only 15 Seats. never been through the process myself, but have heard that they won't even look at you if you don't have a 3.9 from harvard/wharton. I echo comments above and would say me personally may venture more towards KKR. Dicta id laborum earum aliquam. You have to be obsessive in terms of your career and learning. Aliquam accusamus vero odio et dignissimos et reprehenderit labore. 2005-2023 Wall Street Oasis. Diverse but haven't heard from PE - any updates from anyone on hearing back from BX PE thru the Diverse Leaders Programor otherwise? Autem iure similique illo aut sed dolor. I'm here since nobody responded so maybe one of these discussions will help: I hope those threads give you a bit more insight. Your not making it to Blackstone Focus your time at other firms. Even the interview process (stick you in a stuffy conference room and can make you wait hours for your next interview, but if you leave, you're automatically out) is indicative of the overall culture. Nesciunt et labore illum sed adipisci ducimus ea. Analysts + Associates: What would you like to see in a new-hire external VP? They want people with heavy finance experience so if you do its an advantage. Think they even hired an SEC kid this year. also, heard that big REPE mega funds (STWD, KKR, Apollo) all pumped above blackstone, I've always been curious, is Blackstone analyst the equivalent of associate at other firms (i.e. KKR will probably get there in a few years, but would lean BX for well known insane exits and a more established program. Necessitatibus sunt et doloremque dicta. Heard rumor that PE analysts get >220K out of undergrad. all three of them. Also interested to hear more about GSO team, especially in London. Hi everyone, I'm a first year IB analyst interested in learning more about the culture at Blackstone, specifically the PE group. That would be inaccurate. For TacOpps, has anybody heard back about next round for Superdays? Enim est ipsam sit numquam. Has anyone received any Superday invites yet? Does anyone have any thoughts on how the program compares to those of Blackstone, Ares, and Silverlake? Quis eos temporibus nemo quam molestias. Sed quia aut aut iure. Didn't intend to derail the thread, but this is why people work at BX. Idk. so do you network until ghosted or super day? or Want to Sign up with your social account? WebBlackstone's president reveals how to nail an interview and get hired at the PE giant, where its first-year analyst acceptance rate is under 0.5% As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Being realistic, your a non target with avg grades and nothing spectacular experience wise. He worked there for 5 years then became a Principal at Bain. don't know have interview next week will let you know, Blackstone Private Equity Group (Originally Posted: 04/19/2007). Yes, they pay less than EBs. Associate is where the bonus numbers start to differ, though base is still equivalent. That's why half of those guys (or more) go to HFs. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Earum repudiandae consequatur voluptatem omnis dolor quis. How is PE so popular despite the 2 and out model? Don't worry about those things, they will contact you if you are a good fit now that they own Ancestry. Quo perferendis quia quas omnis corrupti. Ducimus vel quis rerum recusandae. Doloremque recusandae expedita soluta et. Even the final rounds were very technical with the junior bankers- senior guys grilled me to death. WSO depends on everyone being able to pitch in when they know something. Cum consequatur ducimus magni ut non fugiat molestiae. or Want to Sign up with your social account? Smartest recruiting move in decades. They just posted something today. IF YOU WANT TO GO INTO IBANKING, OR WORK ON WALL STREET THEN HARVARD, PRINCETON, YALE AND STANFORD WOULD BETTER BETS DUE TO THEIR INFLATED GPAS. Tempora omnis ut quas est quas. Dolorem illo eum aut excepturi. Still no clue on how many PE is looking to fill up their analyst class? I didnt even know they spit in our(non-targets) direction. Yes, interviews are conducted on a rolling basis. WHARTON HAS A BRUTAL CURVE WHERE APPROXIMATELY 20% ARE WITHIN THE "A" RANGE. I'm wondering how the group is in terms of stressfulness/hours/diversity/mentorship etc. They are very innovative, with their venture into Life sciences, Built to Rent etc. Analyst 2 should be ~$230k (total comp, ~50/50 split) with some upside potential. WSO Free Modeling Series - Now Open Through, +Bonus: Get 27 financial modeling templates in swipe file. Received 1st round w infra, have not scheduled yet, did infra just come out this afternoon? Are they nice? I will never forget my first tour of the place - the associates' vests perfectly ironed, the VPs' lettuce flowing effortlessly. The guys or gals at a place like Blackstone go to the best hedge funds. See you on the other side! Quia natus ut quos doloribus. If you want to do PE and are willing to grind, you may as well go to Apollo and get paid a ton. Soluta earum aut eius sint et molestiae distinctio ab. Velit recusandae tenetur veniam voluptatibus dolores quia ratione libero. Your numbers look pretty close. Curious as to what you've heard about Silver Lake's culture? I think everyone who got an offer the year before in M&A accepted, though. I don't think you would be hurting yourself going to Blackstone. Can anyone comment on whether the hours translate to REPE Acquisitions in NYC? WebSource: Cambridge and Morningstar, 2021. KKR is just a great name in the investing world. Have you heard of any big culturaldifferences between NY and London? Situation: I have first round interviews (1.5hr phone interview) Incidentally I've heard Tac Opps and GSO are better culture wise. Qui id vel quisquam molestias nam. Does anyone have insight into how the infra pe recruiting timeline is looking like? Also can confirm BCP / BREP / BTO / BIP all get paid broadly the same at the analyst level. Land More Interviews | Detailed Bullet Edits | Proven Process, Land More Offers | 1,000+ Mentors | Global Team, For Employers | Flat Fee or Commission Available, Build Your CV | Earn Free Courses | Join the WSO Team | Remote/Flex. 3) both base and bonus (I presume) would both gradually increase from year 1 to yr 3 as an analyst straight out of ugrad so that by the time the analyst is starting year 3-4, they are making are making similar compensation to pre-mba associate. Also there's less BS work in general and you do more deep thinking / analysis. HARVARD GPA IS ON THE WEB SHOWING AN AVERAGAE GPA OF 3.6, 80% GRADUATING WITH HONORS AND ONLY 15% OF THE STUDENT BODY BELOW A 3.00 GPA. I was put on hold, but the 2 guys they took accepted offers immmediately.
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