There are newer employer reviews for The Blackstone Group

2 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

33 Other Employee Reviews for The Blackstone Group (View Most Recent)

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  1. 1 person found this helpful  

    Financial Services

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

    I have been working at The Blackstone Group

    Pros

    Pay attention to details and be a team player

    Cons

    Get ready for long hours

    Advice to ManagementAdvice

    Value hard work

    Recommends
    Approves of CEO
  2. 2 people found this helpful  

    Good experience for a few years

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

    I worked at The Blackstone Group

    Pros

    good pay, good experience, good job empowering junior professionals, the people are great to work with, great brand recognition on Wall Street

    Cons

    Long hours, rough culture, implicit ceiling to advancement given that many of the partners came in from other firms, high turnover

    Advice to ManagementAdvice

    management is doing a good job, I have no real advice. They do a good job of getting into a diverse array of businesses

    Recommends
    No opinion of CEO
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