The Blackstone Group Reviews | Glassdoor

The Blackstone Group Reviews

Updated October 17, 2017
119 reviews

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3.7
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The Blackstone Group Chairman, CEO, and Co-Founder Stephen A. Schwarzman
Stephen A. Schwarzman
70 Ratings

119 Employee Reviews

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Pros
  • Very Smart people in the company (in 15 reviews)

  • Very demanding work enviorment where you learn a lot but cearfully supervised by associates/principals (in 4 reviews)

Cons
More Pros and Cons

  1. "VP"

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

    I worked at The Blackstone Group full-time

    Pros

    Very intelligent, hard working colleagues.

    Cons

    Depending on your role can be long hours.


  2. "The best job out of college"

    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
    Approves of CEO

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

    Pros

    Some of the smartest people working on Wall Street

    Cons

    Don't expect much of a work life balance

  3. "Investment Associate"

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

    I worked at The Blackstone Group full-time

    Pros

    The best thing about Blackstone was working with some of the smartest people and on challenging deals that pushed you intellectually. Culture is intense but overall great.

    Cons

    Work-life balance is difficult at Blackstone, and the culture varies by team. I was fortunate enough to have a great team but this is not always the case.


  4. "Assistant Vice-President"

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

    I have been working at The Blackstone Group full-time (More than 5 years)

    Pros

    Good pay, good people, good learning experience

    Cons

    Poor life/work balance; many jobs being moved to India

    Advice to Management

    Be mindful of losing good talent to save a few bucks.


  5. "Excellent company culture!"

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

    I have been working at The Blackstone Group full-time (More than 3 years)

    Pros

    Blackstone's benefits packages and 401k plans are amazing. PTO/maternity/wedding week leave are great. You are surrounded by the best minds in each field and the culture of accountability and excellence runs deeply through all levels.

    Cons

    It can be difficult to move up in some groups. New upper level VP and director positions are added almost every few months

    Advice to Management

    Streamline it, reassess consultant companies


  6. Helpful (1)

    "Dysfunctional /Inept Legal and Compliance Team. Ugly corporate culture to be in."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Compliance Manager in New York, NY
    Former Employee - Compliance Manager in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    One and the only thing was free meal of $15.00 through seamlessweb. And that started few months ago, prior, lunch was at your own expense but the business generating departments always had free lunch. Such BX claims of all employees being equal at the eyes of the firm was a sham. Many complained about the various inequities in place.

    Cons

    Long hard core hours,the weekends, public holidays, spoiled almighty bosses who think they know it all, screaming bosses who can't scream enough for the day, bosses who don't acknowledge your presence, and bosses who don't even know the basic etiquette to greet their staff in the morning. Colleagues/bosses you work with are generally nasty only disguised by their fake smiles,forcefully imposed onto their faces, backstabbing to screw over each other, mud slugging fest, so I stepped to the sideline just to watch. Don't have time for that pettiness/game. Those who hang in there are pitifully for the money(low pay though) and bonus(fairly good but one can get better at other PE firms like where I am now) but be ready to have your blood drained by a forever corporate vampire. Like PE motto, BX will suck the life out of employees like their business takeovers. Extremely high turnover, people leaving or crossing over to other departments and bosses are surprised by it(shows how dense they are). Low morale, frustration, favoritism, and playing politics. Not really worth my life and time to do my best because it's never acknowledged. BX motto "perfection, perfection, perfection" but haven't really noticed the difference between other firms I have worked at versus BX people. People make mistakes/errors and push their works to others. Managers are sub-par quality that they might as well have VP titles. and not MD. A senior compliance offcer who fired a colleague on the spot because she requested(she merely asked if she could) to work from home on Fridays to take care of her child. Shocked that BX has not yet been sued. So I kept it as general as possible about LCD, but if life is precious to you stay away or serve couple years and get the hell out, if you still have a any soul left inside you.

    Advice to Management

    I would give no STARS to any of the categories below but the system requires so giving the lowest possible. You need to install a training session for managers to be real worthy managers, not managers who pretend to be the best. Let's get on board with rest of the industry standard and rid those currently existing ones for best class managers. Your name is at stake, BX.


  7. "Great Company"

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

    I worked at The Blackstone Group full-time

    Pros

    Work with very smart people

    Cons

    Not a great work-life balance

  8. Helpful (2)

    "Analyst"

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

    I worked at The Blackstone Group full-time

    Pros

    Super smart people, fun group of people to hang out with after work, surprisingly open to career development for a finance firm, hours weren't that bad at all

    Cons

    Certain parts of the org are clearly the more important (read money-making) teams - if you're not on one of those, you just don't get the same resources.


  9. "Good Experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Consultant in San Francisco, CA
    Former Employee - Consultant in San Francisco, CA
    Recommends
    No opinion of CEO

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

    Pros

    Good environment, very quiet.

    Cons

    Management is nice but not supportive. Very low employee engagement.


  10. Helpful (1)

    "Investment Banking Analyst"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at The Blackstone Group full-time

    Pros

    culture of excellency and highly motivated peers, great place to learn

    Cons

    hours and output expected can be a tough load at times

    Advice to Management

    keep focus on talent development, don't forget to create value for stakeholders not just shareholders


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