The Blackstone Group Reviews | Glassdoor

The Blackstone Group Reviews

Updated February 15, 2019
163 reviews

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3.5
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The Blackstone Group Chairman, CEO, and Co-Founder Stephen A. Schwarzman
Stephen A. Schwarzman
98 Ratings

Employee Reviews

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Pros
  • "Very Smart people in the company" (in 18 reviews)

  • "Tough place, but incredible place to learn" (in 5 reviews)

Cons
  • "Difficult to maintain a work/life balance" (in 25 reviews)

  • "Depending on your role can be long hours" (in 38 reviews)

More Pros and Cons

  1. "So much to learn"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Software Engineer in New York, NY
    Former Employee - Software Engineer in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at The Blackstone Group full-time (Less than a year)

    Pros

    Small company so you have a lot of exposure and chance to work your way up.

    Cons

    C# platform, Heavy on finance and business logic.


  2. "Hard work is rewarded and domain expertise is highly valued"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - FP&A Manager in New York, NY
    Former Employee - FP&A Manager in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Incredibly talented, hardworking and collaborative colleagues; Growth opportunities are created for those who work hard and demonstrate their value

    Cons

    The pace is very demanding - long hours are not only expected, but are the norm; As the company has continued to grow, the entrepreneurial mindset that set the firm apart from other large players in the alternative asset management space has diminished in middle and back office roles

  3. "Vice President"

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

    I worked at The Blackstone Group full-time

    Pros

    Get to work with the brightest.

    Cons

    Typical downside of working with the brightest and best.


  4. Helpful (6)

    "Challenging work, good prestige, weak benefits/pay"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at The Blackstone Group full-time (More than a year)

    Pros

    The people who last on the investment team at BX are among the brightest & cut-throat on the planet. We provide excellent value to our clients & the work is meaningful.

    Cons

    The investment professionals here can easily get a better-compensated job in the PE/credit divisions of Carlyle, KKR, TPG, etc. Yet our compensation is not competitive with the rest of the alternatives industry, nor the investment banks that we recruit from. There is certainly a compensation discount for working at BX.

    In addition, our benefits are very weak. There is no 401k match, and the health insurance is massively overpriced. Many alterntive managers cover 100% of the insurance premium for their employees, and literally everyone but BX offers a 401k employer match.

    Advice to Management

    At least give the investment professionals a 401k match. It's just embarrassing that you dont offer employer contributions for retirement while Tony is out there "Rescuing Retirement."


  5. "Great place"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at The Blackstone Group full-time

    Pros

    Big platform and a ton of resources

    Cons

    Very intense culture and long hours


  6. "Finance"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at The Blackstone Group full-time

    Pros

    Dynamic environment allows for many different opportunities for career growth

    Cons

    Difficult to maintain a work/life balance


  7. Helpful (13)

    "Challenging environment, exceptional people"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at The Blackstone Group full-time (More than 3 years)

    Pros

    good compensation, free lunch, great benefits, and definitely a career builder. Blackstone's reputation is everything and a successful few years at Blackstone will open pretty much any door in the Financial Services industry. The talent is top notch and so are expectations -expect long hours and a competitive environment. Because the company has more money than God, there are few budgetary limitations. Working here, you will get the opportunity to learn from seasoned experts, get exposure to extremely high level professionals across a wide range of products and services, and if you're up to it, Learn how to consistently deliver your best work.

    Cons

    Lack of diversity. Women and people of color are generally only found in support positions unless they have highly impressive Ivy league credentials or have sold their souls and clawed their way up the ladder. Highly competitive environment. Highly ambitious people who are often narcissistic and/or sociopathic. Still holding on to the outdated Wall Street boy's club culture, especially at the top levels. Expect to be thrown under any passing bus - people are encouraged to advance themselves at the cost of others. Blackstone management routinely find any small flaw or criticism rather than recognizing or rewarding success which makes many people legitimately paranoid. Very difficult to have work-life balance. Burn out is common. The corporate hierarchy drives a class based culture, so there's a lot of brown nosing and different rules for the elite executives who are treated like Gods while everyone else does the actual work.

    Advice to Management

    Stop being such elitists. Reward those who work hard to make the firm so successful. Promote from within. Recognize and reward success. Share the tremendous wealth that currently only gets shared among the very highest tier of employees.

  8. Helpful (2)

    "it's dece"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at The Blackstone Group full-time

    Pros

    smart people, good brand, awesome vending machine, free water

    Cons

    little mentorship, very transactional culture


  9. "Great experience"

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

    I worked at The Blackstone Group full-time

    Pros

    Generally good, thoughtful people who are incredibly smart and motivated

    Cons

    Sometimes a bit of a cold / demanding culture


  10. Helpful (1)

    "Financial Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Approves of CEO

    I have been working at The Blackstone Group full-time

    Pros

    Exposure to private equity deals

    Cons

    long hours and not compensated for overtime