The Blackstone Group Reviews | Glassdoor

The Blackstone Group Reviews

Updated October 15, 2018
153 reviews

Filter

Filter

Full-timePart-time

3.6
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO
The Blackstone Group Chairman, CEO, and Co-Founder Stephen A. Schwarzman
Stephen A. Schwarzman
92 Ratings

153 Employee Reviews

Sort: PopularRatingDate

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

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

Cons
  • "Very difficult to have work-life balance" (in 24 reviews)

  • "long hours and not compensated for overtime" (in 37 reviews)

More Pros and Cons

  1. "Great Place to Work"

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

    Pros

    Folks are off the chart smart

    Cons

    Limited career path or growth


  2. "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

  3. "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


  4. Helpful (5)

    "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.


  5. 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


  6. Helpful (1)

    "Associate"

    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 8 years)

    Pros

    Nice work environment. Great people.

    Cons

    Bonus was slashed last year due to corporate restructuring

    Advice to Management

    Pay more to retain employees.


  7. Helpful (5)

    "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

  8. "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


  9. 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.


  10. 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.


Showing 153 of 179 reviews
Reset Filters