Is this Blackstone internship back office?

I'm wondering if this is a worthwhile internship at Blackstone that would help land solid FT opportunities in the future. Is it front, back, or middle office?

Legal & Product Structuring Summer Analyst

Responsibilities:

Summer Analysts will work with BAAM's Legal & Product Structuring team on a variety of different matters relating to investment funds, including hedge funds and private equity funds, as well as structuring investment solutions through fund investments. Primary job responsibilities include:

Review offering documents of underlying hedge fund and private equity managers across all investment strategies
Prepare summaries of key terms or issues relating to investments in fund managers
Assist in evaluation of manager terms and negotiation of terms with fund managers
Assist in compiling various databases relating to Blackstone managers and Blackstone funds
Provide support relative to offering of any new funds or structured products
Analyze manager and portfolio liquidity, fees, and other terms to produce internal and external reports
Assess current and prospective regulatory risk through industry and government-focused research
Perform research on market trends within the investment fund industry
Assist in launching new business initiatives

Comments (6)

Jan 29, 2015

Yea brah- dis is backoffice. The Blackstone name always looks good on the resume and I don't think you're pigeon holing yourself if you are just an undergraduate intern. FYI, Blackstone calls all of their employees "analysts" to confuse the general public. Rule of thumb... any job description with that many "assist" or "prepares" is gonna be back office.

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Jan 29, 2015

It's BO. I had a friend that did a similar internship at Blackstone. He's now in Chicago with a different firm doing ER, so you are by no means automatically disqualifying yourself from FT FO positions.

Jan 29, 2015

Thank you for the input! As long as a BO summer internship doesn't pigeonhole me, I would be fine with it--I'm applying to FO opportunities full-time as well as consulting firms. Glad that solid opportunities would still be an option for FT.

Jan 29, 2015

If this is your freshman or sophomore summer, it's alright. If junior summer, a bit riskier as you ideally want some front office experience to put on your resume.

Jan 30, 2015

It is my junior summer. I have other first-round interviews in finance, so I guess I'll just see where I can get an offer and then weigh my options.

Jun 17, 2015
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