The Blackstone Group Reviews | Glassdoor

The Blackstone Group Reviews

Updated August 13, 2018
147 reviews

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3.6
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The Blackstone Group Chairman, CEO, and Co-Founder Stephen A. Schwarzman
Stephen A. Schwarzman
90 Ratings

147 Employee Reviews

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Pros
  • "Very Smart people in the company" (in 17 reviews)

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

Cons
  • "Hours, Work Life Balance, Hours" (in 23 reviews)

  • "Long hours, management doesn't care about you, some office politics" (in 36 reviews)

More Pros and Cons

  1. "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

    Lot of responsibility at young age

    Cons

    Have to wear ties to work


  2. Helpful (2)

    "Associate"

    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

    Smart employees, large company with broad scope in the industry, competitive pay

    Cons

    Last 2 years has moved to a 'more with less model', no real sense that leadership cares for their employees, few minorities and women in senior leadership

  3. Helpful (1)

    "High Functioning Organization, Great Place to Learn but Beware of Culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in New York, NY
    Former Employee - Associate in New York, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Great place to learn, especially early in your career. The firm has a small firm, entrepreneurial feel, which is a unique cultural point for BX. Thus, you get a lot of exposure to senior people and you can see the impact of your work (if you're on the investment, portfolio operations, or IRBD side of things - not sure about back office).

    Cons

    Culture is very team-specific, so do your due diligence. People can be passive aggressive or just plain aggressive.
    There's a lack of focus on training mid-level (VP and above) employees and there is a pretty wide array of competency in managers, from a pure managerial perspective.
    Also beware of growth trajectory of different business lines/business units and how the business unit has been doing.

    Advice to Management

    Focus on talent development and aligning compensation and promotions with people who are culture carriers, not just people who drive the top line.
    Really focus on diversity recruitment at all levels and female retention at senior levels.


  4. Helpful (1)

    "Good place to be."

    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

    Great people, pay, perks, and corporate resources. Employees have a great sense of pride for working at such a prestigious firm. Most employees are extremely thoughtful and smart. There's a lot of opportunity to gain experience if you take initiative.

    Cons

    Management did not always acknowledge accomplishments of junior staff, ultimately leading to high volume loss of great talent.

    Advice to Management

    Hold everyone accountable to the pillars of excellence. If you notice a team with a poor retention rate, review management . The source of pain is rarely seen at the site.


  5. Helpful (1)

    "nc"

    StarStarStarStarStar
    Current Employee - Anonymous Employee in New York Mls, NY
    Current Employee - Anonymous Employee in New York Mls, NY

    I have been working at The Blackstone Group full-time (More than 10 years)

    Pros

    medical benefits, long hours, midtown manhattan

    Cons

    there are lots of them


  6. Helpful (3)

    "Mediocre at best"

    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
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I have been working at The Blackstone Group full-time

    Pros

    Free meals, kushy, little to no expense spared in outings

    Cons

    Some support function groups in the firm grossly belie the prestige of the firm itself. Hours are long (hence free food and cabs) high turnover and as a result, poor training. Avoid if you like having a life.


  7. Helpful (2)

    "Fantastic place to work"

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

    After a few years in, still constantly challenged and interacting with fascinating, bright, and friendly folks.

    Cons

    Due to held-over partnership model and mindset (and incredible growth) things can sometimes get stressful. Haven't seen any cracks in the system, but it's a place where you can't necessarily kick your feet up.

    Advice to Management

    Rethink overall group structures on a rolling or incremental basis as the firm evolves and grows. Explore empowering HR (?) to spearhead this and act as partner.

  8. Helpful (2)

    "Technology Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Technology Analyst in New York, NY
    Current Employee - Technology Analyst in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at The Blackstone Group full-time (More than 8 years)

    Pros

    The company pays for dinner.

    Cons

    Poor work life balance.
    Backend Salaries going down.
    Poor culture in IT

    Advice to Management

    Cycle out managers


  9. "Great place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Executive Assistant in San Francisco, CA
    Former Employee - Executive Assistant in San Francisco, CA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Super smart and driven people

    Cons

    Frequently have to work long hous

    Advice to Management

    Keep up the good work!


  10. Helpful (3)

    "This is not in NY"

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

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

    Pros

    Flexible. Nothing much just the employee are great

    Cons

    No professional management. No encouraging

    Advice to Management

    They woul take no advise


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