Blackstone PE Internship
I have an interview with Blackstone PE next week. I am an undergrad and it is for an internship, so I was just curious how much I should be expected to know. Thanks for your help!
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Probability of getting the job is low. They interview a lot of people (I would estimate around 100 first round interviews), and take very few (1-2).
Interviews I had with them have been pretty weird - guy asked me to tell about myself and that was pretty much it (didn't ask anything technical like other groups at BX did). Friends got a consulting case.
They don't interview 100 people. I interviewed for Blackstone Alternative Asset Management out of grad school, and they said they had received a few hundred applications for the posiiton, and had narrowed the field to 25 people whom they were interested in interviewing. Of those 25 people, they actually only interviewed 12 people (apparently, they had a 'primary' and a 'reserve' list even for first round interviews).
Anyway, they asked me fit questions exclusively. To be honest, it shouldn't be too hard for you to explain why you want to work for Blackstone PE. You can honestly say they're the best name in the business (maybe there's an argument here, but not worth making the caveats during the interview). And you can EASILY make the point that you want to work in PE over IBD (not because you think the hours are better, but because you actually want to work on investments first-hand).
Don't worry too much about it, though. 'Fit' is notoriously difficult to fake, so there's no point in trying. Besides--they're going to be asking you questions about you. And as it turns out, you should know those answers, so not reason to be nervous.
Good luck!
They hire more than 1 to 2 interns for their PE group. It's more like 10.
brotherbear, BAAM is very different than Blackstones PE group, as is their recruiting/interviewing style. Additionally I would definitely not suggest that someone say that BX is the best in the business and that is why you are interested in the position. You may want to emphasize that you enjoy the investing side of the business, that you like being in a role where you are vested in the outcome of the transaction and can expand your understanding of the legal and strategic aspects of a deal. BX PE only hires 2-4 summer analysts, certainly not 10.
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Blackstone PE Analyst Internship (Originally Posted: 10/30/2014)
I just received an email asking for a time I would be available to take a call for Blackstone PE's Internship program. Does anyone have ideas on what the interview would entail?
Thanks in advance!
is this for london? if so i can give some insight
Hi, I also have a phone interview at BX for a PE internship in the London office. Could you give me some advices?
THX
Interviews can be very technical, but they will also have a behavioral portion. Some technicals will like banking interviews. Also plan for more buyside-specific questions, since PE is about investing over selling.
Also prepare for some accounting biased technical questions rather than just valuations. You will also get a case.
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@thezone
Yes, this is for the London office.
London could be different, but for NY at least, the PE interviews at Blackstone are more about how you think about a company than the accounting nuts and bolts. Not to say there will not be technical finance & accounting questions, but in comparison to advisory [where you are drilled non-stop on accounting & finance technicals], PE is a bit softer, but certainly not easier.
@Extelleron
So are you suggesting the interviewers may be looking for the same qualities as an MBB interview? Obviously probably not as structured as the case interview format seen in consulting interviews, but they still want to see the business intuition?
london is very technical incl. accounting questions. gl
What do you mean by accounting questions? Something like if a company incurs $10 of depreciation expense, how does that affect the three financial statements?
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