The Blackstone Group Reviews

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2.0
4 Reviews
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The Blackstone Group Chairman, CEO, and Co-Founder Stephen A. Schwarzman
Stephen A. Schwarzman
28 Ratings

4 Employee Reviews

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  1. 1 person found this helpful

    Part-Time Admin Floater

    Former Employee - Administrative Assistant in New York, NY
    Former Employee - Administrative Assistant in New York, NY

    I worked at The Blackstone Group part-time (more than a year)

    Pros

    Working part time the schedule is flexible. Most employees get a free lunch.

    Cons

    Work environment is demeaning to low level employees, the office sometimes feels like a throwback to the 50s - few women in top level positions, administrative assistants definitely treated like "secretaries."

    Doesn't Recommend
  2. 1 person found this helpful

    Intense, Unfair and Well-Paid

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Manager
    Former Employee - Manager

    I worked at The Blackstone Group full-time (more than 5 years)

    Pros

    Pay is high and co-workers are dedicated

    Cons

    Long work hours, poor management style, unfair treatment of subordinates

    Advice to ManagementAdvice

    Practice fair HR policies

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
  3. 3 people found this helpful

    If you know the right people, its great. If not, hard work and effort mean nothing.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Finance in New York, NY
    Current Employee - Finance in New York, NY

    I have been working at The Blackstone Group

    Pros

    Smart people, good compensation, decent benefits. The firm likes and promotes a very edgy culture. They know how to make good deals and make money for the investors. The bankers are truly world class professionals. If you want to be in Private Equity or M & A, this is a great place for you.

    Cons

    Newish management in Finance has brought in a lot of people from a different firm who now run the place. People who were there before are being let go, overlooked for promotions, and have had their responsibilities moved to the newer people, leaving skilled people idle. If you aren't part of that club, you do not exist. Morale is low and although this has been brought to upper management and Human Resource's attention. The message is "leave if you don't like it." Communication from management is poor/nonexistent. Favoritism abounds and backstabbing is common. This used to be a place people were proud to say they worked. Not anymore.

    Advice to ManagementAdvice

    Remember the people who who worked 24/7 to help the firm go public/make those millions for you. It's not necessary to toss them out/treat them like garbage and speaks volumes about your class and values.

    Treat your team with respect, courtesy and decency. You can be good without deliberately pitting your people against each other.

    Doesn't Recommend
    No opinion of CEO
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  5. 2 people found this helpful

    This was a great place to work... 3 years ago

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Vice President in New York, NY
    Current Employee - Vice President in New York, NY

    I have been working at The Blackstone Group

    Pros

    Resume building, networking, job responsibilities

    Cons

    It's a very cut-throat environment where people are frequently thrown under the bus. You are expected to be working 24/7 and vacation is just working from home

    Advice to ManagementAdvice

    Don't forget about the little people

    Doesn't Recommend
    Disapproves of CEO

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