Blackstone Private Credit
Any insights into Blackstone Private Credit comp/hours/culture for 1st Yr Associate? (NYC)
Would really appreciate any insights!
Any insights into Blackstone Private Credit comp/hours/culture for 1st Yr Associate? (NYC)
Would really appreciate any insights!
Career Resources
Ah, the jungle of private credit at Blackstone, quite the habitat to explore! Here's what the most helpful WSO content has to say:
Compensation: For a 1st Year Associate in Private Equity at Blackstone in NYC, the total average compensation as of September 2023 is around $227k. Now, keep in mind this is for PE and not specifically Private Credit, but it can give you a ballpark figure. Private Credit might differ slightly based on the specifics of the role and market conditions.
Hours: The hours in Private Credit can be intense, similar to other high finance roles. While I don't have a specific number for Blackstone Private Credit, expect long hours that can stretch into the evenings and sometimes weekends, especially during busy periods or when closing deals.
Culture: Culture can be quite group-dependent within Blackstone. Some groups with a focus on internal promotion may have a stronger, more cohesive culture. It's important to network and chat with current or past employees to get a feel for the specific group you're interested in.
Remember, these are just vines to swing on for a general idea. For the most accurate and up-to-date information, it's best to reach out directly to those in the trenches at Blackstone Private Credit. Networking is key in the concrete jungle of NYC finance!
Sources: Blackstone in NYC: Culture/Comp/Perks, KKR Credit - Comp & Hours, NYC MF Credit Associate Comp (recent data points, lateral move)
Could someone help with their thoughts on this?
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