JPM SLF -> Blackstone, taking Qs
I was just shown this site by a friend. With the amount of misinformation on here, I thought it reasonable to field some questions while I'm on vacation. My background is two years at JPM SLF and now finishing my first year at Blackstone.
I'm happy to answer anything about the process, lifestyle, pay, etc. from the UG level all the way beyond b-school (as best I can).
Please keep your posts organized, and your questions concise.
Fire at will.
how many guys does BX PE take a year? I always thought that with promoted PE analysts and laterals from BX M&A/restructuring they take very few outside bankers. true?
where did you go to school, GPA, etc?
what type of misinformation is on here?
You are correct. I don't know the exact number, but it is small.
Dartmouth/Brown/Columbia, 3.65, 1560 SAT.
Not malicious disinformation, rather just a lot of people with no experience giving answers that are a little off.
Thank you for posting here. This board has been very helpful with my questions about Blackstone, but I was wanting an opinion from someone currently working for the firm. I am having a hard time deciding on who to go to work for in private equity. I am getting a lot of fluff answers from headhunters. Is it okay if you give me the true scoop on how it is working for Blackstone? The following are very important questions to me:
What is Blackstone's policy on flex-time/part-time? When would an incoming pre-MBA associate qualify?
When is Blackstone going to go entirely paper-less?
Do you feel like Blackstone's lack of technology is slowing down your development and progress in your career?
I have heard that Blackstone is at the bottom of the megafunds and might be fading away after the controversy a couple of years back. I have also heard that Blackstone is losing their LP's like mad due to excessive and unnecessary fees from lack of technology among other things. What are your thoughts on these comment?
What is Blackstone' employee turnover rate?
Could you tell me again about how many hours a week you worked during busy season?
How many hours a week you worked the rest of the year at Blackstone?
Thanks!
Interview with us and then negotiate/ask about this if you get offered.
There is currently not a fixed time-line in place for this.
No.
Wholly incorrect. Also, megafund is defined by the size of the funds you raise.
I can't give specific turnover numbers, but we have no more a problem than any other fund.
During busy season, 95-105.
75-85.
so what is the pay for a pre-mba associate - salary & bonus? any carry for pre-mba's?
how was the process for you? any tips for 1st yr bankers entering the recruiting cycle? and finally, how has ur lifestyle changed since u've been with blackstone?
it seems pretty daunting with the amount of work you have and then you have to do resume prep/interviews/studying stuff...
This year I took home $321k all-in.
Process is fairly straight forward, just know your stuff. People say too much fancy stuff here. Target -> work hard -> know your shit -> Blackstone.
No way around it but to work hard.
how'd you get the job? how's the comp at the junior levels? what are the people like?
People are not always smart or intellectual, but everyone is very hard working. I think I answered the first two already.
In general how does JPM place for PE?
SLF places as well or better than any other group on the street. JPM in general is very well-rounded.
This is either weak flame, a sad attempt on the part of the OP to create an imaginary situation to inflate his own ego, or he's incredibly dumb to out himself like this.
How many first-year BLX ex-JPM SLF'ers from Brown/Dartmouth/Columbia are there?
Flame.
Ignore.
Can you talk a little bit about the interview process? How many rounds? Type of questions and modeling tests?
It varies. But for me, three rounds. Interviewed with 6 people total. Two modeling tests, nothing too complex.
How did you get into Blackstone? What was the process?
How was it working for Joe P at JPM?
Ignore.
Is arjun s a douche at blackstone?
Ignore.
how is lazard m&a or restructuring (or evercore, greenhill, etc) regarded? esp compared to GS/MS/JPM?
where did the other associates come from?
A lot come laterally from our advisory arm. Obviously a lot come from GS/MS/JPM. Lazard is good at both, but the trendline is down for that firm.
are there any associates from non-IB or untraditional backgrounds like consulting, hedge funds, research, business operations/strategy, MM PE shops, etc?
Less so at the lower levels. We take so many from our advisory arm that it stifles some of that.
How does the culture at BX differ from JPM? There was a guy on here who worked at MS M&A and then KKR and he said the culture at KKR was much more buttoned up than at MS. He specifically gave an example of an analyst falling asleep at this desk during his time at MS and the guys on the deal team just laughed about it and let it go. He said the same shit wouldn't fly at KKR. Is BX pretty much the same? I'm not looking to fall asleep at my desk whenever I can, but I can sure appreciate a laid-back office environment where guys can fuck around (within reason) and still get their work done. The guy also said that he made lifelong friends during his analyst stint at MS and the same cannot be said for his time at KKR. Does his experiences mirror yours so far?
I'll write a longer post on this tonight. Good question.
Providing detailed info sufficient to be identified; generic, vague answers in a thread started to answer questions; new username with no prior posting history
Thanks for the fun while it lasted, troll :)
I'll acknowledge that you could be right and that your reasoning is solid, but...
1.) The conditions you list coincide perfectly with the parameters in which 10xLeverage's famous thread of the same nature were made.
2.) Bold move criticizing someone for being a new user when you have less Banana points than him.
Hadn't seen that. I'll try to flesh out my responses a bit more, but if you all want that, be more specific with your questions. "How is Lazard?" is so general. Also, what makes you think I would know that much about Lazard. All I know is that their deal flow is suffering. Also, not as much talent there. Also, "What is the process for getting Blackstone?" is so general as to be almost unanswerable in a setting like this.
Ignore.
i called troll like 15 posts ago...damn this board really is full of idiots...
How is the financial sponsors group at JPM in terms of PE placement/culture/work experience?
-Thanks
It's an excellent group. Likely, though, you won't come out with the kind of modeling experience to get headhunted at a mega-fund. The place well in PE in general though from what I saw.
It's an excellent group. Likely, though, you won't come out with the kind of modeling experience to get headhunted at a mega-fund. The place well in PE in general though from what I saw.
It's an excellent group. Likely, though, you won't come out with the kind of modeling experience to get headhunted at a mega-fund. They place well in PE in general though from what I saw.
Do you feel that your firm has racial under tones as they chose black out of all the colors to describe their stone?
I am 100% certain you went to a non-target. (no, UVA is not a target)
^^ lol
.
I ACTUALLY work in Blackstone PE and there are no analysts from JPMorgan. Not from SLF and not from any other groups either. Many of you have called troll, but I'm here to confirm it.
To me, it just looks like you are the same guy who was skeptical a few posts up but you created an account. If you work for Blackstone, post up your school and previous bank. I am happy to engage you in an open fact check. I doubt you went to an Ivy and I doubt you'll be able to answer questions in a convincing way.
I am open to accepting the same challenge. Game on?
Open fact check? How about I list the first 5 analysts (alphabetically) and their background. You can start at the end of the alphabet and do the same. Or maybe even tell me what floor you work on? You're a fucking clown.
1) Dartmouth / Revolution Partners 2) UVA / BX M&A 3) Umich (Ross) / Lazard General Industrials Group 4) Harvard / Bessemer Venture Partners 5) Wharton / GS TMT
Someone close this thread.
You just got called out bro..
who caress, his posts were already about as helpful as we've had on this board
WSO has really gone to shit...
lol damn..why do ppl even troll about this shit. some ppl honestly have no lives. thanks for calling him out.
thanks for posting arjun.
your effort will be rewarded.
and why is blackstone m&a/PE trolling this forum? seriously?
callingyouout, would you say arjun sh is a huge douche?
yes or no question.
peace.
i know who you are.
haha. good stuff guys.
"Whoa, you guys aren't Ivy like me, I'm secure so I need to take time from my 75-85 hour weeks to flame people on WSO, look at my cock."
I joined WSO in hopes of throwing monkey shit at you.
Reddog is a known troll. Ignore him
That hurts bro...
@happy, I just thought it was funny how much your username contradicted the overall tone of that particular post. I wasn't really implying anything.
it's ironic and hipsters like irony?
uh..dartmouth -> REVOLUTION -> BX? this kid either is got some mad interviewing skills or major connections..
maybe it was a sophomore SA who got an PE SA at Blackstone? that would make a lot of sense. otherwise that's damn impressive
One thing Happy didn't make up is BX isn't as H/P/Y->GS, MS m&a-> as everyone on here makes out. Met a chick at bar from BX from Wash U St. L from DB taking 2 years off from BX to do teach for america before bschool. Know one kid here from BAML (Colgate) going (rumored) from one of our coverage groups. Just a smart dude who networked and smashed his interview. Really just luck, good background, and who'll give you a shot.
The hardest part of getting into any of these elite shops is GETTING that initial interview. I'm hesitant to go to bat for some kid with a mediocre resume during our interview selection meetings if I don't know him well, but if he's sitting across from me, I care a lot more about the content of that half hour than the paper in front of me. Often, these kids communicate more of a drive and hunger than other candidates and come across as a likable underdog.
This has significantly reduced my view of blackstone... Seriously guys?
Qui omnis qui natus et est. Aut ut eum quos eius asperiores. Voluptate fuga quam sit nesciunt doloremque minima est corrupti. Aut maiores quia aut dolor atque pariatur accusamus. Officiis assumenda iste impedit quo. Atque rerum odio minima optio.
Et nobis sint reiciendis. Deserunt ullam doloribus autem delectus. Voluptas et blanditiis exercitationem nulla sit aut.
Dolores eum quia et quae. Sequi molestias quos accusantium omnis architecto recusandae. Accusamus dicta labore aliquid quam dolores omnis.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Quis aut quia et nulla. Rerum minus ut ipsam deserunt. Earum est ipsum dolore. Eos suscipit dolor quaerat inventore ex maiores facere. Rerum sunt rerum magni architecto ut.
Ipsum officia fugit velit voluptas. Placeat aspernatur sed ad assumenda soluta. Sapiente repudiandae ut et. Mollitia animi labore ducimus ut. Laboriosam voluptatem modi fugit.
Assumenda corrupti eveniet fugit minima. Nobis ipsam asperiores omnis neque vel quia.