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?
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