I would think the hours are ATLEAST the same as BB IB if not more. I know someone who was a SA at Blackstone and he didn't see daylight.

As for compensation I believe its more. You can expect around 200K for first year PE Analyst after all bonuses considered. 200K out of college sounds outlandish I know but its how much they make

 
hifromrohit:
I would think the hours are ATLEAST the same as BB IB if not more. I know someone who was a SA at Blackstone and he didn't see daylight.

As for compensation I believe its more. You can expect around 200K for first year PE Analyst after all bonuses considered. 200K out of college sounds outlandish I know but its how much they make

... 200k out of college?!!?!? Wow that's a bit ridiculous. I'm guessing that's only for places as elite as Blackstone and KKR, right? I'm sure most PE firms would refuse to pay their first years that much.

 

This isn't true for all PE firms right out of college though. My buddy got an offer from a vault top 20 pe firm right out of UG and it was WAY less than 200

If I had asked people what they wanted, they would have said faster horses - Henry Ford
 
gsduke:
aren't you the same guy who was interested in consulting? seriously, you have much bigger things to worry about than the hours at KKR/Blackstone. I would worry more about the hours at LEK. you are not going to break into PE out of college with your background

regards gsduke

Ouch, really? My background's not bad though, a >3.8 from Princeton, econ major. No finance experience since I wasn't interested in finance until recently, but I doubt I'll end up at LEK. What does being interested in consulting have to do with anything? Getting a job at McKinsey isn't that hard, but it's no joke.

Did you go to Duke? I love partying at Duke since Duke chicks are easy once I tell them where I go to school. Duke's a great safety school though. In fact, if I didn't get into Harvard, Penn, and MIT too then I would have considered going to Duke.

Cheers randombetch

PS: I also know someone pretty well who used to work at Blackstone - not going to be that hard getting an interview with them.

 
randombetch:
gsduke:
aren't you the same guy who was interested in consulting? seriously, you have much bigger things to worry about than the hours at KKR/Blackstone. I would worry more about the hours at LEK. you are not going to break into PE out of college with your background

regards gsduke

Ouch, really? My background's not bad though, a >3.8 from Princeton, econ major. No finance experience since I wasn't interested in finance until recently, but I doubt I'll end up at LEK. What does being interested in consulting have to do with anything? Getting a job at McKinsey isn't that hard, but it's no joke.

Did you go to Duke? I love partying at Duke since Duke chicks are easy once I tell them where I go to school. Duke's a great safety school though. In fact, if I didn't get into Harvard, Penn, and MIT too then I would have considered going to Duke.

Cheers randombetch

PS: I also know someone pretty well who used to work at Blackstone - not going to be that hard getting an interview with them.

get a job and we'll talk.

regards, gsduke

 
randombetch:
gsduke:
aren't you the same guy who was interested in consulting? seriously, you have much bigger things to worry about than the hours at KKR/Blackstone. I would worry more about the hours at LEK. you are not going to break into PE out of college with your background

regards gsduke

Ouch, really? My background's not bad though, a >3.8 from Princeton, econ major. No finance experience since I wasn't interested in finance until recently, but I doubt I'll end up at LEK. What does being interested in consulting have to do with anything? Getting a job at McKinsey isn't that hard, but it's no joke.

Did you go to Duke? I love partying at Duke since Duke chicks are easy once I tell them where I go to school. Duke's a great safety school though. In fact, if I didn't get into Harvard, Penn, and MIT too then I would have considered going to Duke.

Cheers randombetch

PS: I also know someone pretty well who used to work at Blackstone - not going to be that hard getting an interview with them.

+1 SIR, well done
Get busy living
 
[Comment removed by mod team]
 
GOB:
so you created this thread to answer questions that you're more than qualified in finding out (3.8+ from Brown) and then started an internet fight with the first person who rightfully so flamed you, right?

Brown?

I'm qualified in finding out the answer to my question? Sure, isn't that what I'm doing right now (let's think: what was I doing by starting this thread)? I started an internet fight with the guy who flamed me? Think hard about that statement. Yeah, your post made tons of sense, thanks for contributing.

 

Gsduke, don't be a douche, you have no idea. I, for one, ask questions about all aspects of finance so I can learn as much as possible about the field I want to go into, who are you to give him hell for it?

random, breaking into PE straight out of college is pretty damn hard. It's possible, but usually the guys that do it are those that have been interested in finance since their Freshman year and have been studying everything finance for the last 4 years. Is PE unattainable? No. Is it unlikely? Yea. If it really interests you, get to networking, that's probably the best way to get in. That and a 4.0/summa cum laude/triple major in Econ/Finance/Acct hah

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
 

I know a kid who placed into Blackstone out of Wharton, I think someone even linked the 2010 undergrad placement report a week or so ago.

He doesn't like talking about his comp, but it's >$150k, we got that out of him.

I am permanently behind on PMs, it's not personal.
 

I talked to one of my buddies at Wharton, he didn't say anything about compensation, but i heard through the grapevine that it is north of 200k. Random, he mentioned that like 60% of the kids where Whartonites, with like a couple of harvard kids and a georgetown kid, all were finance heavy. These firms don't really have large training programs so they want kids who are ready on day one so not having a finance background will hurt you (you could have self studied). Don't think he mentioned Princeton, but I'm pretty sure Princeton sends a couple every few years. He seemed to suggest that it is mainly Harvard and Wharton though. I'm sure that you could get in after a banking analyst stint, why do you want to do it right after college?

Wharton has 12 kids at blackstone this year across all sections. http://www.vpul.upenn.edu/careerservices/undergrad/reports/WHA_2010cp.p…

 
[Comment removed by mod team]
 
quest777:
Don't many of the kids headed to Blackstone straight out of UG go into their M&A or Restructuring? I always that was considered different from Blackstone PE

Randombetch, just relax. If you took the high ground and just ignored him people would have sided with you. No offense, but you come off as arrogant and that is a deal breaker. Remember, there will always be someone that is better than you. Might be the wharton kid with a 3.8 that you meet at your blackstone interview, might be a co-worker that gets promoted ahead of you ten years from now, there is always someone; modesty goes a long way. You're a smart kid and will do great things no doubt, but learn to control your emotions and your pride.

Blackstone PE does recruit out of undergrad, mostly Wharton kids and a few Harvard kids. They focus on Wharton though because they want the kids to have strong finance skills from day one. They only hire like 3-4 kids though. They want you to have a very strong finance background and experience, I would say your chances are not that great because of that and the fact that Princeton has traditionally not placed as many into PE as H/W for whatever reason.

 
pinkbanker:
quest777:
Don't many of the kids headed to Blackstone straight out of UG go into their M&A or Restructuring? I always that was considered different from Blackstone PE

Randombetch, just relax. If you took the high ground and just ignored him people would have sided with you. No offense, but you come off as arrogant and that is a deal breaker. Remember, there will always be someone that is better than you. Might be the wharton kid with a 3.8 that you meet at your blackstone interview, might be a co-worker that gets promoted ahead of you ten years from now, there is always someone; modesty goes a long way. You're a smart kid and will do great things no doubt, but learn to control your emotions and your pride.

Blackstone PE does recruit out of undergrad, mostly Wharton kids and a few Harvard kids. They focus on Wharton though because they want the kids to have strong finance skills from day one. They only hire like 3-4 kids though. They want you to have a very strong finance background and experience, I would say your chances are not that great because of that and the fact that Princeton has traditionally not placed as many into PE as H/W for whatever reason.

Fair enough. SB for you.

 

random, I hope you're cool-headed enough to hide your arrogance in interviews or you will have a bad surprise someday. I learned this the hard way. Guys like you (or me when I was in school, our backgrounds sound similar) are a dime a dozen for firms like KKR.

 
mxc:
random, I hope you're cool-headed enough to hide your arrogance in interviews or you will have a bad surprise someday. I learned this the hard way. Guys like you (or me when I was in school, our backgrounds sound similar) are a dime a dozen for firms like KKR.

Yeah of course I'll be cool-headed when it's someone interviewing me, but when someone's asking for it online I give it to them.

 

I'm guessing UT McCombs is not elite enough to even get a shot at these jobs?

I'll be going there this fall....

 

UT is a great business school. Take a look at some of the large PE energy shops in Houston and see where most of the kids come from. Harvard, UT, and Rice... Don't give up before you even enter college for God's sake. I went to a small private school in texas (think TCU/Baylor/SMU) and love the job that i am at, once you actually get into the industry and are not just jacking off to the thought of doing excel at 2 a.m. in your college dorm room (not saying you Spencer) your college doesn't matter again until you apply for B-school, if you even decide to go. Also, Blackstone, KKR, and Carlyle are not the only PE funds in the universe that hire out of UG, but you will have to be very persistent and creative to get a shot at the other ones since they typically don't recruit but instead hire on a few analysts through personal contacts.

 

I find this thread to be highly ironic, since no one here has really answered the question that the OP asked. Yes you all mentioned how it is hard to get into Blackstone or KKR right out of UG. However he was asking if the compensation is better at a Megafund or a BB IBD. Yes the compensation will be better at a megafund, but from everything ive ever head that UG analysts at megafunds rarely if ever leave the office for anything besides a shower. So while the 100 hour weeks at BB IBDs are grueling they seem light in comparision. But what is more important than the hours or the pay is the fit. I can tell you right now that i wouldnt want to work even a measley 40 hours a week with a group of people that i hated let alone 100 hours a week.

Follow the shit your fellow monkeys say @shitWSOsays Life is hard, it's even harder when you're stupid - John Wayne
 
heister:
I find this thread to be highly ironic, since no one here has really answered the question that the OP asked. Yes you all mentioned how it is hard to get into Blackstone or KKR right out of UG. However he was asking if the compensation is better at a Megafund or a BB IBD. Yes the compensation will be better at a megafund, but from everything ive ever head that UG analysts at megafunds rarely if ever leave the office for anything besides a shower. So while the 100 hour weeks at BB IBDs are grueling they seem light in comparision. But what is more important than the hours or the pay is the fit. I can tell you right now that i wouldnt want to work even a measley 40 hours a week with a group of people that i hated let alone 100 hours a week.
This didn't answer the question either.

OP, my roommate from college went to PE after IBD, and although he's in good shape, they abuse the UGs worse than he ever was....and he did MS M&A. However, the pay is better. If you see yourself getting along with the people, it's probably a good move. Way to go, seriously. Very impressive!!!!

Get busy living
 
Best Response

Possimus velit sit enim. Unde doloribus dicta neque accusamus molestias eum.

Ut cumque autem sint et qui sit. Fugiat dolores provident quasi tempora mollitia eos quia. Corrupti omnis ut harum saepe sapiente.

Omnis illum impedit temporibus illum facere. Ullam dolor quasi et. Perferendis occaecati illum vero vel.

Repellat doloremque repellendus culpa ipsum aut. Ratione ipsam laudantium tempora consectetur adipisci. Laudantium velit ex adipisci commodi est nisi vero. Maiores tempore id tempore illum. Perspiciatis illo sequi maxime maxime aut quia provident. Perferendis quaerat asperiores rerum esse eligendi ut. Repudiandae voluptatem porro quasi atque sequi soluta.

Career Advancement Opportunities

March 2024 Private Equity

  • The Riverside Company 99.5%
  • Warburg Pincus 99.0%
  • Blackstone Group 98.4%
  • KKR (Kohlberg Kravis Roberts) 97.9%
  • Bain Capital 97.4%

Overall Employee Satisfaction

March 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 98.9%
  • KKR (Kohlberg Kravis Roberts) 98.4%
  • Ardian 97.9%
  • Bain Capital 97.4%

Professional Growth Opportunities

March 2024 Private Equity

  • The Riverside Company 99.5%
  • Bain Capital 99.0%
  • Blackstone Group 98.4%
  • Warburg Pincus 97.9%
  • Starwood Capital Group 97.4%

Total Avg Compensation

March 2024 Private Equity

  • Principal (9) $653
  • Director/MD (21) $586
  • Vice President (92) $362
  • 3rd+ Year Associate (89) $280
  • 2nd Year Associate (204) $268
  • 1st Year Associate (386) $229
  • 3rd+ Year Analyst (28) $157
  • 2nd Year Analyst (83) $134
  • 1st Year Analyst (246) $122
  • Intern/Summer Associate (32) $82
  • Intern/Summer Analyst (313) $59
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
DrApeman's picture
DrApeman
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”