Blackstone Recruiting Has Gone Bonkers

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Good luck to anyone applying for their private equity group. Just about every single one of the analysts is a summa cum laude, Phi Beta Kappa graduate of an Ivy league institution. Many of them were valedictorian or salutatorian of their college class, too.

Most them have profiles like: National Merit Scholar > Oxford University study abroad > Goldman internship > Ivy League valedictorian > Blackstone Analyst

The other groups (e.g. real estate) seem a bit more inclusive of different profiles. Basically you need to have a Rhodes-Scholar-like profile from an Ivy institution in order to get into the private equity group. (A big exception, of course, for some "diversity" hires, as Blackstone has a recruiter assigned to recruit exclusively female candidates.)

 

 

Comments (47)

 
  • Analyst 2 in IB - Gen
Aug 19, 2020 - 7:27pm

So what, did you expect them to hire kids with an Average GPA at an Average School who got an Average Internship?

 
  • Analyst 1 in IB-M&A
Aug 19, 2020 - 7:49pm

Blame yourself for not being a competitive applicant

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Funniest
  • Analyst 3+ in IB - Gen
Aug 19, 2020 - 8:29pm

BREAKING: Best firm on the street has resorted to hiring *gasp* the best possible candidates! Who do they think they are? What about the kids who aren't as smart or driven? My parents told me I was special, what gives?

 
  • Intern in IB - Gen
Aug 19, 2020 - 8:32pm

And what are you going to do about it?

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  • Intern in AM - Equities
Aug 19, 2020 - 8:45pm

LOL CHILL OUT people

 

just an eye opening stat, that's all

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Most Helpful
  • Intern in IB - Gen
Aug 19, 2020 - 9:38pm

just checked some female blackstone PE analysts' linkedin profiles. if you think they are less qualified than their male counterparts, you are more than likely a slow adult. like, very slow. 

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  • Associate 2 in PE - Other
Aug 19, 2020 - 10:38pm

Took a look at the "diversity hires" that are analysts in FO investment roles. 

 

Saw appears to be the valedictorian at Harvard, someone who did an Everxore IBD analyst stint, an experienced analyst in Infra who did a couple years at General Electric Infra. Where one of the GIP foundersand other megafund infra guys are from.

 
  • Prospect in IB-M&A
Aug 20, 2020 - 12:09am

^ There are several valedictorians at Harvard each year. It's really a matter of majoring in a soft subject (not STEM) to avoid getting the 1 A- that the next 20 kids all ranked "second" got hit by. It requires a lot of brushing up to professors/TAs but it's not as earth-shattering as it seems. That said, still very impressive, and very deserving of the spot (gender is definitely not a consideration here).

Recruitment process for BX aside from the network/connection hires is legit. I don't understand why there's so much hate...it's the best / safest MFPE analyst program in existence and an unparalleled one for placing into elite HF after 3-year analyst program. Obviously they take the top pedigree students. There's only 5 spots in their traditional corporate PE group. People complaining are just mad because they didn't spend as much time grinding their GPAs or failed the interviews.

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  • Analyst 1 in IB-M&A
Aug 20, 2020 - 4:13pm

Seriously. Dating has gone absolutely bonkers. Everyone dating a model is either attractive, has a good personality, or has money

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  • Prospect in IB-M&A
Aug 20, 2020 - 6:35pm

^ hasn't this always been the case? they are models after all. at the end of the day, physical attractiveness is the most probable characteristic that guys look for.

You can replace personality with 6ft+ height. With the ridiculous attention ratios that women are getting via instagram/tiktok/tinder nowadays, personality isn't even a variable when there's not enough time to read any message.

 

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Sep 11, 2020 - 12:20pm

Just to be clear, are you more concerned about the competitiveness of Blackstone as a whole or of the PE group specifically? I know someone who went to a non-target school (ranked around 30 nationally) who transitioned to Blackstone after two years as an IB analyst at a BB. He was capable academically, but didn't stand out in any profound way like the candidates you describe. Given, he's in the Credit division and not PE, but there are plenty of other examples on LinkedIn (where I assume you are finding these "profiles") of people that went to similar non-HYPMS schools and are working at Blackstone. They usually don't specify that they're in PE or not, but I don't see a reason to assume they aren't. 

 
Sep 11, 2020 - 2:15pm

For reference, in the past 2-3 years of associate classes at BX PE there are usually 2-3 candidates from schools like Duke/ND/UMich/etc. per class. Might be a different story at the analyst level, but if you can get in as an associate, who really cares. However, even at the analyst level, I can confirm that there are cases where non-ivy students have gotten internships in Infra, PE, GSO and RE. I generally think that this site grossly over-emphasizes academic pedigree requirements. 

 
Sep 11, 2020 - 6:08pm

I just really think it does a disservice to anyone who comes across this site. Maybe the graduate from IU/UofI/Penn State doesn't get the interview for BX. Regardless, I'm sure said student will get interviews at most UMM/MM PE funds and a plethora of HFs that care less about pedigree. There are at most 50 MF associate seats to fill a year; if the prospect of not having access to one of those seats really bothers you, then I suggest you pretend like they don't even exist. You'll be just as happy and successful at another place.

 
Sep 13, 2020 - 7:22pm

Good luck to anyone applying for their private equity group. Just about every single one of the analysts is a summa cum laude, Phi Beta Kappa graduate of an Ivy league institution. Many of them were valedictorian or salutatorian of their college class, too.

Most them have profiles like: National Merit Scholar > Oxford University study abroad > Goldman internship > Ivy League valedictorian > Blackstone Analyst

The other groups (e.g. real estate) seem a bit more inclusive of different profiles. Basically you need to have a Rhodes-Scholar-like profile from an Ivy institution in order to get into the private equity group. (A big exception, of course, for some "diversity" hires, as Blackstone has a recruiter assigned to recruit exclusively female candidates.)

For entry-level, this is true, but if you look at the profile of senior people in the private equity group (Managing Director and Senior Managing Director), you will see much less people with such "gold plated" resumes. Still very accomplished people, no doubt, but they weren't necessarily people who graduated at the top of their class and/or got uber-selective Oxbridge fellowships

Moreover, many of these senior folks joined Blackstone after doing private equity elsewhere or even career-switched from completely different industries (e.g. consulting). I was curious so I looked up a few of the gentlemen who had Harvard or HBS on their profiles, many of them didn't even graduate with honors (I am a Harvard alum so I have access to the alumni directory which displays - besides the usual contact information, etc. - whether someone graduated with honors)

The key takeaway is to not focus on specific firms and just get into the industry. Period.

 
Sep 13, 2020 - 8:04pm

I second Deo's opinion. I work with many PEs including BlackRock.  BlackRock assoc are really capable day one (don't believe I have spoken to one of their analysts).  Over time these gold plated education resume folks move around carving out their own niches and that creates opportunity for people with excellent work experience and success to work at BlackRock (KKR, Carlyle etc).  Of course the real goal is wealth.  Wealth comes from ownership.  Aspire to get in the industry, learn it, and look for a place to become a partner - or a group to create your own shop.

 
  • Associate 2 in RE - Comm
Sep 15, 2020 - 6:30pm

Moral of the story: if you don't have that kind of resume, make sure you're born into a family that's worth $30B like several past and present BX PE analysts

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  • Prospect in IB-M&A
Sep 16, 2020 - 10:40pm

Really speaks volumes about your own personality if you're going on a forum to call out some 21 year old...

Just leave the kid alone and hustle more instead of crying about not being born into a wealthy family.

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  • Intern in PE - Other
Sep 15, 2020 - 9:09pm

Bonk

Array
 
Sep 16, 2020 - 3:18am
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