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The Blackstone Group Reviews
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    The Blackstone Group Reviews

    Updated November 16, 2018
    154 reviews

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    3.5
    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
    93 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)

    • "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. "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

      3. Join the The Blackstone Group team
      See Our Latest Jobs

    3. 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

    4. "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

    5. Helpful (9)

      "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.

    6. 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

    7. 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.

    8. Helpful (6)

      "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

    9. "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

    10. 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.