Investor Relations - Blackstone - Good Prep for Front Office?
Hello Hello -- seeking advice!
I have an offer from Blackstone as an analyst with their Investor Relations and Reporting team for one of their Private Equity Funds and am wondering whether or not this is a good move.
I am currently in consulting at a big 4 firm for financial services orgs and am looking for something more rigorous with better exit ops. I'm not sure exactly what my end goal is but would like to be front office as I'm highly personable and want to be revenue-generating. I understand that this team is a support team for the Marketing team (who are the ones going out to meet with LPs to fundraise) but wonder if this would be a good stepping stone for fundraising or corp dev.
Any additional thoughts on Blackstone's culture in general or with respect to internal promotion is welcome as well.
Thanks!
OP - if by front office you mean "investing/trading" then no this is not the role you want.
If by front office you mean "revenue generating" then yes that's fine. Truly good IR/BD people are rare and if you are, you get PAID. Like a lot. Although a founder, think about David Rubenstein. He is NOT an investor. He's a sales guy. And is worth, well, a lot of money.
Someone with his own firm once told me: "There are three real jobs in this business. You can raise money, make money or keep the trains running on time"
Two of those three generate revenues and so have the scope to be very very well paid.
Hope this helps.
Good Luck