About Blackstone Summer Analyst Program

Blackstone is a premier global investment and advisory firm striving to provide solutions that create lasting value for their investors, the companies in which they invest and society at large. 

Summer analysts have an opportunity to work for a leader in alternative asset management and a trusted partner to many of the world's top institutional investors. Through their various investment vehicles, Blackstone preserves and protects over $190 billion in assets for public and corporate pension funds, academic, cultural and charitable organizations, among others. Their diverse range of funds makes private equity, real estate, credit and hedge fund investments all over the world. They also have a leading independent financial advisor business, handling highly complex and critical M&A, restructuring and reorganization assignments for corporate and government clients on a global scale. Blackstone also offers fund placement services to alternative investment managers. All of their businesses reflect Blackstone's strong partnership culture, solid foundation of intellectual capital, commitment to exceptional performance and uncompromising integrity.

The Blackstone Group offers Summer Analyst positions in the following areas of interest:

  • Finance -The Blackstone Group offers a Summer Internship for the Chief Financial Office. Interns will have the opportunity to focus on such areas as Financial Planning and Analysis, Audit, Business finance, Treasury and Affiliated investor Reporting.

  • Hedge Fund Solutions: Business & Financial Evaluation - The group is responsible for performing initial and ongoing operational due diligence with respect to the organization's underlying hedge fund managers. A Summer Analyst's responsibilities will include a variety of tasks associated with the team's evaluation of a hedge fund manager from an operational risk perspective. Specific tasks may include: participating in operational due diligence meetings on both hedge funds and hedge fund service providers, performing various types of research on the hedge fund industry (including regulatory, news sources, industry periodicals and ad hoc research projects), analyzing manager financial statements, performing queries to analyze industry trends, and preparing information for internal or client reports. The Summer Analyst will also be expected to assist with, and/or lead, as necessary, any ad hoc projects. In addition, Summer Analysts will attend meetings often conducted with CFOs, COOs, etc. of the respective funds, giving Summer them exposure to seasoned industry professionals.  Due to the relatively small size of the professional staff, research teams are typically small and Summer Analysts are therefore expected to assume important and integral roles.

  • Hedge Fund Solutions: Global Client Operations and Reporting - The Global Client Operations and Reporting Team provides essential infrastructure support across the Hedge Fund Solutions' global platform and works as internal consultants. Summer Analysts play an integral role in developing tools to assist the global Investor Solutions Group with on-boarding, branding, message control and efficiency. Responsibilities include maintaining standard marketing materials, developing a marketing language library, overseeing client reporting, managing entries into consultant databases and coordinating responses to consultant questionnaires. Summer Analysts may also assist in subscription and redemption processing and distribution of key client reporting. Due to the relatively small size of the professional staff, research teams are typically small and Summer Analysts are therefore expected to assume important and integral roles.

  • Hedge Fund Solutions: Legal & Product Development - The Summer Analyst will work on a variety of different matters relating to hedge funds and hedge fund solutions. Primary job responsibilities include: review offering documents of underlying hedge fund managers and prepare summaries of key terms or issues relating to investments in hedge fund managers; assist in evaluation of manager terms and negotiation of side letters; assist in compiling various databases relating to Blackstone managers and Blackstone funds; provide support relating to the 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; and perform research on market trends within the hedge fund industry. Due to the relatively small size of the professional staff, research teams are typically small and Summer Analysts are therefore expected to assume important and integral roles.

  • Hedge Fund Solutions: Investment Team - The Investment Team, comprised of Investment Research and Risk Management professionals, combines a top-down and bottom-up approach to portfolio construction by using both macroeconomic views and investment-level analysis to manage portfolios of hedge funds. The Investment Team is responsible for the sourcing, due diligence and ongoing monitoring of hedge fund managers, as well as asset allocation and portfolio construction. Due to the relatively small size of the professional staff, research teams are typically small and Summer Analysts are therefore expected to assume important and integral roles.

  • Technology: Business Analyst - Summer interns will work with a group of talented individuals in a highly team-oriented environment to create the next generation of innovative solutions for a growing business. Business Summer Analysts are involved in the full development lifecycle and will work very closely with all stakeholders during the conceptual, design, development, and production stages of each project. They will be expected to take ownership of specific functionality areas within our applications, write detailed design documents to outline specifications, workflow and user interface. They will perform quality assurance tasks to ensure stability and thoroughness of the platform as you help manage each project with the technical lead and the developers and roll out the products to our users to ensure that The Blackstone Group has met its goals. They will also be responsible for performing market research and analysis and conducting user interviews to identify specific areas of improvement as well as presenting designs of proposed functionality improvements to internal teams as well and clients.

  • Technology: Software Engineer - Interns will work with a group of talented individuals in a highly team-oriented environment to create the next generation of innovative solutions for Blackstone. Summer Software Engineers are involved in the full development lifecycle. They serve as contributors during the concept and design phase, and as the project owners during the development, stabilization and support phases. Summer Software Engineers are expected to take ownership of projects, determine technical design, flush out business design holes with the business analysts and code and support the system. Success as a Summer Software Engineer means delivering business value and great code.

  • Private Equity - Blackstone's private equity group offers Summer Analysts the chance to engage in the direct acquisition of large and midsized companies in a variety of sectors worldwide. The investment process develops both the financial skills of investment banking and the strategic thinking of management consulting. As a result, this Summer Analyst program is a unique experience among financial firms, enabling them to develop a well-rounded business mind. They have the opportunity to participate in all aspects of projects and be staffed on a number of assignments at one time. Due to the relatively small size of the professional staff, Summer Analysts are able to assume integral roles on deal teams. Summer Analysts are involved with the development, structuring and financing of transactions and regularly attend internal meetings, negotiations and due diligence sessions. Typically, Summer Analyst work will include financial analysis, computer modeling, research, competitive analysis, assistance in the execution of transactions and drafting of memoranda for internal and external use. Summer Analysts will work on a wide range of transactions including acquisitions, divestitures, restructurings, recapitalizations, joint ventures and leveraged buyouts.

  • Private Equity: Investor Relations & Business Development - Summer Analysts will be involved in supporting investor relations and potential fundraising efforts for the Private Equity business. Summer Analysts will model alternative fund structure economics, maintain a database of due diligence information, work on the deal summaries and due diligence processes, and draft updates to limited partners, private placement memoranda, and marketing materials. Summer Analysts will also be exposed to legal issues associated with fund raising and fund documents.

  • Real Estate Partners - Due to the relatively small size of the professional staff, Summer Analysts are expected to assume integral roles on deal teams and can expect to be staffed on a number of assignments at one time. Summer Analysts are involved with the development, structuring, and financing of transactions and regularly attend client and internal meetings, negotiations and due diligence sessions. Summer Analysts have the chance to engage in the direct acquisition of real estate-related companies, portfolios of real estate assets, and individual properties worldwide. Summer Analysts at Blackstone have the opportunity to participate in all aspects of real estate investing and can expect to be staffed on a number of transactions at one time. Typically, Summer Analyst work will include real estate valuation analysis, computer modeling, research, competitive analysis, development of presentations, assistance in the execution of transactions, and drafting of memoranda for internal and external use. Summer Analysts will work on a wide range of transactions including acquisitions, divestitures, restructurings, recapitalizations, joint ventures, and leveraged buyouts.

  • Real Estate Debt Strategies - Due to the relatively small size of the professional staff, Summer Analysts are expected to assume integral roles on deal teams and can expect to be staffed on a number of assignments at one time. Summer Analysts are involved with the development, structuring, and financing of transactions and regularly attend client and internal meetings, negotiations and due diligence sessions.  Summer Analysts have the opportunity to participate in a wide range of real estate debt transactions including restructurings, recapitalizations, new loan originations, and acquisition of legacy loans, CMBS and other forms of public and private debt. Summer Analyst work will typically include financial analysis and modeling, market research, competitive analysis, development of client presentations, assistance in the execution of transactions, and drafting of memoranda for internal and external use.

  • Strategic Partners - Summer Analysts are given a unique opportunity to achieve a valuable learning experience working in the secondary private equity industry. Summer Analysts in Strategic Partners develop an in-depth knowledge of company analysis and valuation. Through analysis of leveraged buyout, real estate, venture capital, mezzanine and distressed private equity funds, Summer Analysts gain exposure to a wide array of companies, industries and capital structures, and become accustomed to a variety of private equity funds and investment strategies. Strategic Partners Summer Analysts will be involved in extensive financial modeling of portfolio companies and funds, preparing memoranda presented to the Investment Committee and structuring and executing investments.


Current juniors are eligible to apply for Summer Analyst positions. Candidates may apply to multiple groups at Blackstone and may be selected to interview for more than one group.

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Blackstone Summer Analyst Program

  • Bronwen Baumgardner
  • Blackstone
  • 345 Park Avenue
  • New York, NY 10154
  • Phone: 212-583-5287

Stats

  • Number of Interns: 21 to 50
  • Compensation/Benefits: Paid
  • Duration: 6 to 12 weeks
  • Academic Level: College Juniors
  • Degree Track: Bachelor of Arts
  • Industry Experience: 0-1 year

Locations

  • Atlanta, GA
  • Boston, MA
  • Menlo Park, CA
  • New York, NY
  • Hong Kong, China
  • London, United Kingdom
  • Singapore, Singapore
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