BX Insurance Solutions
Title says all - any info about team and/or the work for analysts, associates, etc. Also would love to know what the work is like.
Saw job posting at target (H/S/W)
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Pretty sure it's selling big insurance companies on Blackstone products for their investment portfolios. From what I've heard it's top heavy, as in they have a single associate and then some senior people that manage relationships. Obvious pros and cons to being on such a small team. Work is probably very similar to 1st or 2nd year analyst in FIG with insurance focus (build comps, throwing together PPT, etc.).
As someone with a FIG background, I'd advise against it unless you know you want stay in the insurance space - this is a really niche area even within FIG. Probably great to have BX on the res if you want to go to MBA business schools">M7 b school though.
So is it basically a banking job? or is it like with mgmt?
also for MBA business schools">M7 if i got to one right now for undergrad, does it make it easier to get in?
Thanks!
Pretty sure it's selling big insurance companies on Blackstone products for their investment portfolios. From what I've heard it's top heavy, as in they have a single associate and then some senior people that manage relationships. Obvious pros and cons to being on such a small team. Work is probably very similar to 1st or 2nd year analyst in FIG with insurance focus (build comps, throwing together PPT, etc.).
As someone with a FIG background, I'd advise against it unless you know you want stay in the insurance space - this is a really niche area even within FIG. Probably great to have BX on the res if you want to go to M7 b school though.
It is not a banking job. The focus is much more narrow and specific to not just financial institutions, but insurance. I'm not sure what the exposure is to senior management in something like this, probably similar to entry levels in banking (i.e., little to none). Like I said, I wouldn't pursue this for the skill set, which doesn't transfer well, it's more compelling in terms of getting BX on your resume in general.
For b school that depends. I went to an MBA business schools">M7 for undergrad, but at my university it didn't provide you a leg up. They actually consider it to be sort of "academic incest" and encourage you to find another institution for your graduate degree. Maybe it helps if you have every other box checked (700+ GMAT, good GPA, good work experience).
Edit: Meant to reply to your comment.
Thanks for the input. Last question from my end...
In terms of the analyst/associate work is it like DCF/DDM modeling, credit work, and comps or is it a bit different? and what do you think they would expect from a SA in terms of knowledge of the group / industry for the job and interview?
Almost positive you won't be doing any modeling. I've never worked there, but if I had to guess you'll be focusing on the asset portfolios of various insurance companies and then maybe thinking about different sidecars, joint ventures, etc. they could set up (think structured finance). Also not a path to PE or any principal investing role from what I can tell.
Not sure about the role exactly, but I know in London there is a team sitting under this umbrella structuring fixed Income like products for Insurance firms. So its structured finance-ish.
Think it may be more liabilities driven investing like structuring - i.e. matching your annuities / payouts with cashflows from assets. Probably some degree of crossover with more fixed income type investment teams at BX
I would add that Apollo had an insurer (Athene? or something) that's proving to be quite successful in providing long-term capital. BX's version may be different as Apollo's was the owner of theirs - BX may just be partnering with other insurers to get capital.
Just my 2 cents - don't work there.
I think its mostly about optimizing for the type of Bank/Insurance capital and which tier it would sit in. Just check the LinkedIn of some of the Heads of the team and you can guess what it looks like.
I don't know this particular group but be very careful about PE shops stamping their name onto non-PE businesses and recruiting off that name. Its become a popular hiring strategy. They know how much people covet the brand, but it would be a sucker's bet to place such a high value on a brand that's clearly being watered down in that way.
Of course the job could be great. But focus on the job.
Hell, half the realtors I know work for Berkshire Hathaway's realty outfit now. Pretty sure Warren doesn't show up to their xmas party.
totally!
Bump for more info
Does anyone know if they’re done recruiting
Is anyone recruiting here rn
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