Blackmore Partners Employee Reviews about "private equity"
Updated Dec 18, 2020
Found 10 of over 174 reviews
- Most Recent
- Highest Rating
- Lowest Rating
Commercial Customer Service Representative
What’s the best way to have a lack of compensation and incentive conversation in your department? I went above and beyond for years doing extra work, organizations etc and nothing has been reflected in pay. I thought my 5 year was going to finally show something but it did not. I’ve inquired about pay but it’s gotten nowhere.
Got a burning question about Blackmore Partners? Just ask!
On Fishbowl, you can share insights and advice anonymously with Blackmore Partners employees and get real answers from people on the inside.
What are your colleagues talking about?
Top Review Highlights by Sentiment
- "Yes, since I learnt a lot of stuff out of the internship and I have a better understanding of the PE industry." (in 5 reviews)
- "Colleagues are friendly, helpful and supportive" (in 5 reviews)
- "you will learn a lot and be able to build your resume, it's a great opportunity" (in 4 reviews)
- "You interact and are constant communication with Private equity firms, investment banks, and C" (in 3 reviews)
- "They over work interns and make them put the business first over everything to be an unpaid internship." (in 18 reviews)
- "management is atrocious in terms of communicating effectively to its staff/interns." (in 6 reviews)
- "Little work life balance" (in 3 reviews)
- "Poor working environment..." (in 3 reviews)
Ratings by Demographics
This rating reflects the overall rating of Blackmore Partners and is not affected by filters.
- Race / Ethnicity
- Sexual Orientation
- Parent or Family Caregiver
- Veteran Status
Reviews about "private equity"Return to all Reviews
- Current Employee, less than 1 year★★★★★
An opportunity to start private equityOct 28, 2016 - M&A Analyst in Chicago, ILRecommendCEO ApprovalBusiness Outlook
Good start for private equity. Had various access to connections in private equity and different industries. The firms hosts unique conference for private equity firms and executives, and it is a great opportunities to get to know those people.
People need to have self-disciplineContinue reading
- Former Intern, less than 1 year★★★★★
A horrible place that will ultimately get you a jobJun 10, 2015 - M&A Analyst in Chicago, ILRecommendCEO ApprovalBusiness Outlook
It is incredibly easy to get hired at Blackmore Partners. This is due to the low retention rate of the internship and the people hired on tend to drop out before their start date. This is due to the negative reputation of the company. About 6-8 new interns will get hired each month and about 2 of those people will actually have the stones to show up for their start date. You have nothing to worry about in your interview. As long as you don’t completely suck you will get hired. You are evaluated on whether you understand what the company does (hint: they are a private equity INTERMEDIARY, include this word), your communication skills and your ability to ask questions. Prepare for your interview based on these guidelines. Your fellow interns you work with are the best part. I have met so many wonderful, cool people in this program from all over the world; particularly a lot of people from China. In my understanding of how people build relationships. It’s either through a common like or dislike and you will definitely bond over your dislike of Blackmore. You interact right away with the top corporate executives of the world. You hear cool insider information from the executives that would make the writers of Forbes magazine salivate. Your ability to move up in the program is tremendous. If you want leadership experience you can get that here. You have a great chance to lead a small team. The team leadership roles are Social Media Team Leader, Salesforce team leader, Talent Acquisition, and HR Team Leader. All titles have nothing to do with M&A. If you do well you get to work on the backend. You may never reach the backend. Salesforce is used in many companies. Good thing to have on a resume. Occasionally, there are company outings where management buys you pizza or tacos.
Let’s get the first one out of the way. There is no pay. It sucks to be unpaid. It’s just how it goes. The management is incredibly cheap. A good example of this is when a guy from Bloomberg did a presentation for the services for the company. Management had no intention of ever paying for the services. They just wanted to use the 2-week free trial. Blackmore has a negative reputation on Bloomberg as well. The front end is really awful and you could be doing that for 3 months. Much has been said in past Glassdoor reviews about how you are basically a secretary. You start titling resumes to qualify c-level executives for meetings with the Managing Director. Scheduling meetings does sounds like secretarial work. That is the most basic task in the office. Then you are placed onto two teams; the social media team and the salesforce team. Both feature their boring, repetitive tasks. The social media team is about spamming executives with potential acquisition deals. While salesforce largely deals with maintaining the database of executives. You also have responsibilities when it comes to Talent Acquisition. This isn’t really included in any of the intern descriptions posted online. Because Blackmore Partners do PE deals and such deals take a long time to complete. In order to keep the lights on, Blackmore has you generally do the work of a headhunter. This is done so when deals are being discussed with the PE firm. Blackmore can package not only a company to sell but also the executive to run it. However, not all TA positions you will find are meant for PE deals. Sometimes, they are just because companies use Blackmore as headhunters and the management wants to make money using you as free labor. The TA assignments are good experience if you are an HR intern. But generally useless for your resume if you’re an M&A intern or Marketing intern. The management treats you like garbage and views you as nothing. You are replaceable. You are dirt. You are nothing. There is no appreciation for you in the program. I’ve seen management call people “stupid” and “dummy” directly to their faces. You will never hear “thank you” or “good job,” no matter what you do. You will work hard because Blackmore Partners is always short-handed. You will be loaded with assignments that are time-consuming and mind-numbing. Then, yelled at for not completing them in a short period of time. The management is obsessed with making sure you don’t text and arrive on time. If you are late 3 times, it counts as an absence. All absences are added to the end of your internship. The management is so hateful of texting. Which is fair enough; people generally shouldn’t be on their phones at work. However, this can be taken to the extreme by management. One intern whose father was known to be in hospice care receives a text from his mother informing him his father has passed away. The Managing Director sees him reading this text and yelled at him for texting and “for being completely unprofessional.” Absolutely unacceptable and some of the poorest social tact I’ve ever seen. There is absolutely no trust between management and interns. The management hates millennials. They are used to interns leaving and assume you hate the job because you do. You will hear the same speech over and over about how millennials don’t know how to work hard. How we are self-absorbed and conceded. They are not above micro-managing you and having HR record your movements. How long you leave the office, how long you are in the bathroom etc. Absolutely no respect and no encouragement will ever be heard from their mouths. If you will take a sick day, you will immediately become suspect to management and your commitment to the program will get questioned. The Managing Director won’t remember your name. You will constantly hear him say people’s names incorrectly. The Marketing internship program is generally a joke. There really is no marketing program at Blackmore. There are few marketing interns who apply for the program. The majority of the people working there are M&A interns and to a lesser extent HR interns. I remember one marketing intern asking when he was going to start doing marketing. To which management said “everything is marketing.” All you do as a marketing intern is push Blackmore Partners on Linkedin. But all interns do that. It’s not a special duty reserved by marketing interns. All of it is sending out spam messages to executives to try and find people to sell their business or if they know of someone trying to sell their business. It’s just another repetitive task. There is a 3-month summer internship sometimes available in the summer where you basically will do the front-end for the whole duration. This shortened program is a huge joke and you basically learn nothing. There is so much pressure on the HR interns to increase intern numbers and retention. This proves to be difficult because of the negative reputation and toxic atmosphere that the management creates. When people leave Blackmore, they just stop showing up. I’ve seen good workers who were seen as model examples. Just leave and never return. If you are not a great English-speaker, you will not rise up in the program and won’t work on the back end. The backend is basically the whole reason you want to be an M&A intern.Continue reading
- Former Intern★★★★★
6-Month M&A Internship ProgramJan 4, 2017 - Anonymous InternRecommendCEO ApprovalBusiness Outlook
• Great opportunity for first time work place exposure. Initial training is centered around proper workplace etiquette, developing communication skills, and business development. • There is great deal of camaraderie among interns and leaders at the program. • Regular invitations to networking events in Chicago that are sponsored by the program and give a great opportunity to meet local leaders in Investment Banking and Private Equity.
• All internships are unpaid for 3 to 6 months, which is stated on the application.Continue reading
- Former Employee, less than 1 year★★★★★
It's amazing that this place still existsAug 20, 2013 - Anonymous EmployeeRecommendCEO ApprovalBusiness Outlook
-Exposure to the PE industry -Networking skills -Interns are typically fun, good people
-No pay -Ridiculous expectations for a nonpaying job -No technical PE experience (modeling, due diligence) -You will basically do all the thinking and labor for the 'managing director' -NO ONE knows the last time when they closed a deal. This is interesting because I see this place resort to more and more desperate measures. For example, this place is supposed to be sourcing deals for private equity, BUT if you peruse LinkedIn you will notice that they have basically become nothing more than a glorified hiring firm (which they try to disguise by calling it 'Talent Acquisition'). When I worked there, the boss was trying to get interns to rent a room in his house/apartment (I don't think anyone took him up on his offer). Whatever makes a couple bucks, eh? -The boss's wife works there. -There is absolutely no room for growth, unless you consider making $1000 a month a huge step up in the world. -The previous office was in a desolate building that was falling apart. It had a bad rodent problem. They have since moved offices (I have no idea what the new office is like). -You will be nothing more than a glorified telemarketer. -Oh yeah, that bonus you get if a deal closes? Probably nonexistent. If a deal actually does close then they certainly won't share anything with you. Read the contract they want you to sign. Better yet have a lawyer read it for you.Continue reading
As a part of the screening process we ask all applicants if they are okay with the unpaid aspect and not doing any financial modeling or quantitative analysis. Want to hear what the former President of Pepsi says about Blackmore and their business model? Go to the following YouTube : https://www.youtube.com/watch?v=VsepnBlPT5U Talent Acquisition for Private Equity is an important part of our business that grew out of our work with PE. It is more common for these deals to close than those related to PE because it is a much quicker process. Making phone calls is an intern responsibility but it is only one of several tasks to be completed throughout the day. Interns are making follow up calls to executives that submitted their resumes to us and this task is extremely beneficial for developing communication skills and a professional demeanor. Employers value individual who can do more than text as a way of communication. Interns that have significantly contributed to the completion of a deal will receive a commission. The terms of this arrangement will be agreed upon in advance and a contract will be signed. Our program was modeled after "Junior Achievement. You get out of it what you put in. If you got nothing out of it, likely you did not apply yourself. Since 2005, we estimate over 300 interns have gone through the program. The internship is a "training program" with clear and measurable written outcomes to develop those who cannot get a job in todays market. Blackmore is only for those who want to cannot get a paid position because they lack training and experience. Those that complete the program gain measurable, repeatable skills valued by employers. Consider you were scammed by your college. After four years of college you were not employable, they took your money and did not deliver. Your college did not have the respect for you and others of your generation to deliver what the market needs in an employee. In six months at Blackmore you build professional and communication skills that employers value and will pay you to come aboard. Also we are hiring: http://www.glassdoor.com/job-listing/ma-advisory-internship-private-equity-unpaid-6-month-JV_IC1128808_KO0,52_IE308034.htm?jl=1355930690&paoIdKey=MA== The evidence is clear! Blackmore Interns get jobs because they they learn skills that make the marketable. Did you know that Blackmore continues to expand? Blackmore hires forth partner to expand deal making. Dateline: Chicago, April 3rd, 2015 Yelena Edelstein has joined as a Partner at Blackmore Partners Inc. – a Chicago-based Private Equity Independent Sponsor firm that, since 2005, has been partnering with highly accomplished executives to acquire and build leading companies. At Blackmore, Yelena is responsible for investment thesis development, deal origination, due diligence, valuation, and transaction execution. Prior to Blackmore, Yelena was Principal at Amicus Capital Partners – a Chicago-based Private Equity firm with deep expertise in medicine and the business of healthcare, and exclusive focus on the healthcare industry. Prior to Amicus, Yelena has founded two independent consulting firms: a technology consultancy specializing in the design and architecture of strategic technology solutions, and a management consultancy focused on business architecture and capability-driven strategy. Throughout her consulting career, Yelena consistently stayed at the frontier of the technology and industry curves to deliver innovative business and technology solutions for Fortune 500, mid-size, and start-up companies across Insurance, Financial Services, Healthcare, Pharmaceutical, Telecom, Human Resources, Leasing, and Restaurant/Retail sectors. Yelena’s clients include Allstate Insurance Company, Discover Financial Services, McDonald's Corporation, Options Clearing Corporation, CVS/Caremark, Hewlett-Packard. Yelena is a member of the Clinton Global Initiative America and serves on the Leadership Council of Upwardly Global. She is a mentor at MATTER, Chicago's new hub of healthcare innovation and entrepreneurship. Yelena received her MBA from Northwestern University Kellogg School of Management and completed coursework in Mathematics and Informatics at universities in Ukraine and Russia.
- Former Intern★★★★★
Great Opportunity to gain valuable work experienceSep 1, 2015 - Anonymous InternRecommendCEO ApprovalBusiness Outlook
I found my internship and work experience at Blackmore Partners to be quite fulfilling, enjoyable and valuable. I am switching career paths, specifically wanting to pursue a career in finance (Investment banking, private equity). Prior to my internship the only experience and knowledge I possessed was all classroom knowledge. I had no actual hands on experience in regards to private equity or investment banking. This internship provided me with valuable insight in regards to deal making. I gained in-depth understanding of the interaction between private equity firms and potential target companies they look to acquire. I hear many people say that there isn’t any financial modeling that takes place here as many people are looking to gain “financial modeling” experience. And they’re right, there isn’t much financial modeling that goes on here. But you should have gained and tuned your financial modeling skills in school. This internship offers you much more than that. This internship gives you a great understanding of the process of buying and selling companies, and what private equity firms look for when purchasing a company. You interact and are constant communicationnteract and are constant communicationnteract anteract anteract and are constant communication with Private equity firms, investment banks, and C- level executives.
This internship is non-paid, but that’s made very clear from the beginning. Just reiterating this point to those individuals who live out of state and are thinking of moving to Chicago for this internship, or any other nonpaid internship for that matter.Continue reading
Blackmore Partners Response
Director of Talent Acquisition
The evidence is clear! Blackmore Interns get jobs because they they learn skills that make the marketable. Did you know that Blackmore continues to expand? Blackmore hires forth partner to expand deal making. Dateline: Chicago, April 3rd, 2015 Yelena Edelstein has joined as a Partner at Blackmore Partners Inc. – a Chicago-based Private Equity Independent Sponsor firm that, since 2005, has been partnering with highly accomplished executives to acquire and build leading companies. At Blackmore, Yelena is responsible for investment thesis development, deal origination, due diligence, valuation, and transaction execution. Prior to Blackmore, Yelena was Principal at Amicus Capital Partners – a Chicago-based Private Equity firm with deep expertise in medicine and the business of healthcare, and exclusive focus on the healthcare industry. Prior to Amicus, Yelena has founded two independent consulting firms: a technology consultancy specializing in the design and architecture of strategic technology solutions, and a management consultancy focused on business architecture and capability-driven strategy. Throughout her consulting career, Yelena consistently stayed at the frontier of the technology and industry curves to deliver innovative business and technology solutions for Fortune 500, mid-size, and start-up companies across Insurance, Financial Services, Healthcare, Pharmaceutical, Telecom, Human Resources, Leasing, and Restaurant/Retail sectors. Yelena’s clients include Allstate Insurance Company, Discover Financial Services, McDonald's Corporation, Options Clearing Corporation, CVS/Caremark, Hewlett-Packard. Yelena is a member of the Clinton Global Initiative America and serves on the Leadership Council of Upwardly Global. She is a mentor at MATTER, Chicago's new hub of healthcare innovation and entrepreneurship. Yelena received her MBA from Northwestern University Kellogg School of Management and completed coursework in Mathematics and Informatics at universities in Ukraine and Russia.
- Former Employee, less than 1 year★★★★★
You can develop yourself as the way you want if you work hardJun 10, 2015 - Mergers & Acquisitions Analyst in White Plains, NYRecommendCEO ApprovalBusiness Outlook
Working as a M&A Analyst Intern at Blackmore Partners, I have learnt a lot of invaluable experience, which help me build a strong career path in future. Training and projects taught me how to be a professional in Private Equity Industry and made me work efficiently. The best part of this internship was that you could develop yourself to be the way you want. After I had done my daily task, I wanted to enroll in more projects and assist my directors to finish their documentations. Therefore, I developed myself with skills of project management and multitasking. I think, Blackmore provides a very serious working environment and you can learn a lot if you are serious too.
If you are already a professional, this job may not fit with you.
Blackmore Partners Response
Director of Talent Acquisition
Thank you for your feedback. Those who apply themselves to the internship have very successful outcomes.
- Former Employee, less than 1 year★★★★★
Good opportunity to learn more Private Equity while practicing your skill set.Dec 18, 2020 - IT Software Developer Intern in Chicago, ILRecommendCEO ApprovalBusiness Outlook
Friendly environment, remote work, plenty of opportunities to learn new skills, and a great way to learn about the Private Equity world.
Very little chance of long term employment opportunities.
- Former Employee★★★★★
Good OpportunityDec 4, 2015 -RecommendCEO ApprovalBusiness Outlook
As an accounting student, I learnt a lot about how to apply my skills and knowledge in a private equity firm. The experience here helped me get familiar to communicating and following up in a professional business environment. All the interns and supervisors here are nice and friendly, talking with them about your feelings and goals can help them set good internship program for you.
You need to have a clear goal before working here.
Blackmore Partners Response
Director of Talent Acquisition