Blackstone Private Credit
Any insights into Blackstone Private Credit comp/hours/culture for 1st Yr Associate? (NYC)
Would really appreciate any insights!
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Ah, the jungle of private credit at Blackstone, quite the habitat to explore! Here's what the most helpful WSO content has to say:
Compensation: For a 1st Year Associate in Private Equity at Blackstone in NYC, the total average compensation as of September 2023 is around $227k. Now, keep in mind this is for PE and not specifically Private Credit, but it can give you a ballpark figure. Private Credit might differ slightly based on the specifics of the role and market conditions.
Hours: The hours in Private Credit can be intense, similar to other high finance roles. While I don't have a specific number for Blackstone Private Credit, expect long hours that can stretch into the evenings and sometimes weekends, especially during busy periods or when closing deals.
Culture: Culture can be quite group-dependent within Blackstone. Some groups with a focus on internal promotion may have a stronger, more cohesive culture. It's important to network and chat with current or past employees to get a feel for the specific group you're interested in.
Remember, these are just vines to swing on for a general idea. For the most accurate and up-to-date information, it's best to reach out directly to those in the trenches at Blackstone Private Credit. Networking is key in the concrete jungle of NYC finance!
Sources: Blackstone in NYC: Culture/Comp/Perks, KKR Credit - Comp & Hours, NYC MF Credit Associate Comp (recent data points, lateral move)
Could someone help with their thoughts on this?
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