Blackstone - Summer intern class?
Does anyone know about their summer intern class. Anyone applying there or know anyone who is?
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JJ and Rob are applying there - I know quite a few who got rejected (A-list superstar candidates) - it seems that Blackstone isn't looking for the same type of people as perhaps a GS or MS.
I think they would probably focus more on personality/connections etc..rather than an outright number cruncher.
Who are jj and rob? You know people that have already been rejected for this years program?
Their interviews, and the interviews of other top boutiques like Lazard and Greenhill, are less technical in the accounting/finance sense. I got about 1-2 accounting or finance questions with each boutique. The GPA threshold to get inteviews at these places is pretty high (higher than the BBs), so they know you're pretty smart already if they're interviewing you and aren't going to drill you with accounting and finance. That said, I received a few brain teasers when interviewing with Blackstone (and the other boutiques) - I think they care more about evaluating how you think and how intelligent you are in a non-academic sense (since you clearly have the academic smarts already if they're interviewing you) rather than how well you can memorize valuation methods, accounting statements, or finance formulas. I think they way they interview is actually much better than the way most banks interview.
Otherwise, the interviews are pretty relaxed. They want to get to know you as a person, just like every other bank.
In terms of what it takes to get an interview there, they say they require a minimum 3.6 GPA to interview for M&A and Restructuring at Penn, although the actual GPA they want is more like 3.8+. They don't list a minimum GPA to interview for PE, but you really need to be close to a 4.0 with great internships or 3.8+ with a banking internship. You really need to go to HYP, Penn, UVA, and the other few schools they recruit at - they (and the other boutiques) are not particularly friendly to non-targets.
Where do you go to school?
did you interview at BS PE?
No, with M&A. My post describes the M&A process. I hear the PE process is more intense since they hire like 2 summer analysts, literally.
Did most of the people at BS go back after the summer?
one of my buddies worked there and said that a significant proportion of the class didn't go back.... maybe things have changed.
At Penn, I think they all went back..but all is just a few people. I know Restructuring and M&A kept their Penn interns. I'm not sure about PE and some of their other groups.
isn't great for deal flow experience. I interviewed there full time - got an offer and accepted a top BB in NY instead. Up until they were like the 300th bank on Equity Office their biggest deal EVER was the Albertson's sell side. They have an exclusive sales group that does like 100-250mm dollar deals too.
Really good placement, but heard most summers leave. I actually found the interview pretty technical. The people there I really hated, so many dorks. If they weren't dorks they were unusually arrogant. I had a bad experience, but maybe I just wasn't a good 'fit' there.
I interviewed with M&A and restructuring but never PE... I'm still a little pissed I didn't get an interview... lol. Just kidding. Do you know how many the PE group took for full time this year? They only took 2 my year... Heard the number has gotten significantly higher. My friend summered in restructuring but decided to go to a top BB for full time.
I had the same experience.
BS PE is EXTREMELY technical in the interview...
example?
BS restructuring this year had five summers, four are coming back and they hired a fifth in the fall. BS PE is very fucked up, they had two summers and didn't even tell them whether they got offers or not until the middle of the fall recruiting process. From what I understand, neither of their summers got an offer and neither is coming back. They then hired three kids full-time, one from wharton. That place is intense.
Pretty sure they interview at Texas as well. I think there are even some Texas people there.
Yea, they recruit at Texas...that's where I am at. However, I'm more interested in the Real Estate PE....anyone know about the hurdles for getting into that group?
That's really rough that they didn't give either summer an offer at BS PE. So where did those kids end up going?
Hey All, What is "Alternative Asset Mgmt. Portfolio Mgmt."at Blackstone? Is it basically a hedge fund?
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