Hi
I am trying to break into Blackstone's real estate PE or BREDS. I wanted to pick your brain on the background they are looking for (i.e. school, skill set, former employer). I did research on Linkedin and I see half of the people (with a little bit of exaggeration) are from non-target schools but the vast majority came from BBs. It will be appreciated if you share some facts you know anything about it. Also, please don't hesitate to mention any skillset I should improve. Thanks.
P.S. I am from a non-target state school and have no BB experience. 1 Year REIT 1yr small bank credit analyst and been working for 1.5 yr at a boutique RE IB/AM company.
If you already looked up a ton of current employees on LinkedIn, you probably have a good idea.
Also, you may not want to have your email address (and thus, full name) as your user name.
Thank you for life saving advise. fixed. Thank you.
No worries
The direction you'll find here may be okay.
Your best bet is to get the info right from the horse's mouth.
WSO won't help you break into BS.
Networking with those at BS may.
Start hustlin' and networkin' RE hustler
Long story short, that job is the Goldman Sachs of RE and you are going toe to toe with a billion other people with baller resumes. They are overflowing with HBS/Wharton/etc. MBAs and blue chip investment bankers..so an uphill but not impossible battle.
Try and establish a personal relationship with some of the folks there through ground and pound networking. Cold email folks expressing an interest in what they do, meet up with them and don't push the "sell" on looking for a job too hard. Getting a job at Blackstone through the traditional HR/resume submission route is close to impossible unless you have seriously sexy pedigree that looks stellar on paper.
You will need to know someone. Network, cold email/call/linkedin, go to a RE event where one of the BX RE heads is presenting & say hi, or meet them if/when you do a deal with them.
They get literally thousands of resumes for one seat. Resume drop is a black hole unless you are female/minority/ideally both.
Good luck.
Honestly, getting to BX is tough as they get all the attention (for good reason). There are a lot of REPE firms out there, I really don't see the need to be focused one name. Not saying you cannot get hired there, I mean they do have to hire after all, but I don't think it's healthy to focus too much time on one firm over another. Look at the top 100 lists and such, also consider the big RE investment managers (PGIM, Invesco, etc.), often really similar just different structure than REPE firms typically use to raise capital. Same deal with REITs and private owner/developers.
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