Glassdoor is your free inside look at The Blackstone Group reviews and ratings — including employee satisfaction and approval rating for The Blackstone Group CEO Stephen A. Schwarzman. All 17 reviews posted anonymously by The Blackstone Group employees.
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Stephen A. Schwarzman
Former Employee – worked at The Blackstone Group full-time for more than a year
Pros – Great name. Add value to my resume.
Cons – hours are terrible. you need to work over the weekend.
Advice to Senior Management – don't just push. need more leadership.
Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company
2013-03-30 22:10 PDT
2 people found this helpful
Current Employee – been working at The Blackstone Group full-time for more than 3 years
Pros – Money is not an issue, Blackstone pays well. Work place is very professional but still friendly.
Cons – Long hours. Must wear suit and tie every day.
Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company
2012-08-23 17:28 PDT
Current Employee – been working at The Blackstone Group
Pros – Great compensation, benefits, and a great group of people
Cons – Hours can be long, but the work is rewarding
Yes, I would recommend this company to a friend
2011-12-15 18:44 PST
Former Employee – worked at The Blackstone Group
Pros – Really good money. Nice people.
Cons – Bad hours and its hard to be promoted.
Advice to Senior Management – Be tougher on subordinates.
Yes, I would recommend this company to a friend
2011-10-27 02:49 PDT
1 person found this helpful
Current Employee – been working at The Blackstone Group
Pros – Entreprenurial Feel; Ability to create your own career path;
Cons – Difficult to effectively balance work and life
Advice to Senior Management – Don't just grow for the sake of growing
2011-05-17 09:03 PDT
1 person found this helpful
Current Employee – 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 Senior Management – 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.
No, I would not recommend this company to a friend
2010-11-20 17:40 PST
1 person found this helpful
Current Employee – been working at The Blackstone Group
Pros – Pay attention to details and be a team player
Cons – Get ready for long hours
Advice to Senior Management – Value hard work
Yes, I would recommend this company to a friend
2010-11-11 19:17 PST
2 people found this helpful
Former Employee – 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 Senior Management – management is doing a good job, I have no real advice. They do a good job of getting into a diverse array of businesses
Yes, I would recommend this company to a friend
2010-08-25 10:32 PDT
Former Employee – worked at The Blackstone Group
Pros – I enjoyed the transparency of my internship. I was constantly reviewed and in contact with upper level management. Very educational.
Cons – I had a terrific internship with Blackstone. Everyone reached out to me and understood that they were the drivers of my internship, helping me to fit in and teach me along the way.
Advice to Senior Management – I feel that hiring interns only fuels interest from outside candidates, allowing them to see the inner workings of the company before they may apply.
Yes, I would recommend this company to a friend
2010-06-27 19:08 PDT
Former Employee – worked at The Blackstone Group
Pros – it's the best compnay to work for
Cons – it's a big company and your chances to get a better position than the one you hold is tooooo low
Advice to Senior Management – you guys are the best
Yes, I would recommend this company to a friend
2010-01-24 23:44 PST
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No thanks – I'll just look around