Blackstone PE Analyst vs. Pre-MBA Associate
Hey guys,
I have a question where some of you guys might know more about. I know that Blackstone PE has a 3-4 year Analyst program, where they hire 1st years straight from undergrad. On the other hand side, they also hire laterals after the typical 2-BB IBD year stint. Whould those laterals then be placed as 2nd/3rd Analysts in ther PE Analyst program?
So, the career sequence would look like the following (pls correct me if I am wrong):
IBD to BX Track 2 years IBD --> 2 years BX PE Analyst --> MBA --> Post-MBA Associate
Straight from undergrad BX track 3-4 years BX PE Analyst --> MBA --> Post-MBA Associate
How does that compare to the typical career structure at other large cap funds (the likes of Apax, CVC, Carlyle etc.) where the typical structure is rather?
2 years IBD --> 2 years Pre-MBA Associate --> MBA --> Post-MBA Associate
Is the difference really just the title "Pre-MBA Associate" at other funds vs. "Analyst" at BX, or is the "PE Analyst" indeed an lower ranked position?
Many thanks for your responses
BX is set up more like a traditional bulge bracket bank, so the 3 year analyst stint is similiar to that in a bank just on the buyside. Title wise this applies as well. If we're talking pay, the smartest thing would be to switch after 1 year in banking, as the pay is the same in analyst 2 and pe analyst 1. If you were to go after 2 years, you'd be earning the same two years in a row.
Thanks, Matrick.
In terms of comparability, would then a 2nd/3rd year PE Analyst at BX be comparable to a Pre-MBA Associate at say another fund such as Apax/CVC/Carlyle, where you typically go after 2 years of IBD?
Otherwise, it seems like the lateral BX path would be unfavourable compared to other funds, where you would be directly promoted to pre-MBA associate?
Ducimus dolores eveniet ab a. Error doloribus quis eos voluptates. Sit voluptatem id doloremque aut. Enim id incidunt et in cumque cumque odio. Non itaque in possimus delectus.
Culpa repellat assumenda consequuntur magni at. Molestiae ad voluptatibus ipsum rerum in at est. Sed debitis sed et velit id.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...